Fidelity Freedom Index 2055 Fund
FFLDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Jun 29, 2015
- CIK
- 0000880195
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom Index 2055 Fund (FFLDX) is an open-end target-date mutual fund managed by Fidelity Management & Research Company LLC, a subsidiary of Fidelity Investments, that seeks high total return until approximately 2055 and thereafter high current income with secondary capital appreciation; it invests primarily in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds, each tracking specific market indexes such as the Dow Jones U.S. Total Stock Market Index, MSCI All Country World ex U.S. Index, Bloomberg U.S. Aggregate Bond Index, and Bloomberg Global Aggregate Treasury ex USD Index. The fund allocates assets according to a neutral glide path strategy that gradually shifts from higher equity exposure (currently approximately 54% U.S. equities and 36% non-U.S. equities) toward fixed income and short-term instruments (about 10% bonds), with top holdings including Fidelity Series Total Market Index Fund (54%), Fidelity Series Global ex U.S. Index Fund (36%), Fidelity Series Long-Term Treasury Bond Index Fund (5%), Fidelity Series Bond Index Fund (4%), and Fidelity Series International Developed Markets Bond Index Fund (1%); it employs futures contracts for efficient cash flow management and full investment. Share classes include Institutional Premium (FFLDX, 0.08% net expense ratio, $5 million minimum for non-employer plans), Investor (FDEWX, 0.12%), Premier (FTYPX, 0.05%), and Premier II (FAVRX, 0.04%), with total net assets of $18.85 billion as of September 30, 2025. Launched on June 1, 2011, and domiciled in the United States, the fund targets investors retiring around 2055 at age 65 and operates within the Morningstar Target-Date 2055 category, with principal management by Andrew Dierdorf (since 2011), Brett Sumsion (since 2014), Finola McGuire Foley (since 2018), and Cait Dourney (since 2025). Fidelity Investments, founded in 1946 and headquartered in Boston, Massachusetts, provides the fund as part of its Freedom Index series, available primarily to U.S. investors through retirement plans, qualified tuition programs, and health savings accounts. In recent strategic developments, the fund is transitioning to a revised glide path and strategic asset allocation starting in Q4 2025, with completion expected by Q1 2027, reflecting adjustments to address market conditions such as inflation and policy uncertainty by potentially increasing non-U.S. exposures, inflation hedges like TIPS and commodities, and extending bond durations. Portfolio turnover stands at 12% as of March 2025, and the fund maintains a Morningstar rating of 4 stars overall, with extended ratings for newer share classes based on adjusted historical performance.