Fidelity Freedom Index 2060 Fund
FFLEX
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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 2060 Fund (FFLEX) is a target-date mutual fund designed for investors anticipating retirement in or within a few years of 2060 at around age 65. The fund seeks high total return until its target date, thereafter transitioning to high current income and, secondarily, capital appreciation, by investing primarily in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds that track specific market indexes. Core holdings include Fidelity Series Total Market Index Fund (approximately 54%), Fidelity Series Global ex U.S. Index Fund (approximately 36%), Fidelity Series Long-Term Treasury Bond Index Fund (approximately 5%), Fidelity Series Bond Index Fund (approximately 4%), and Fidelity Series International Developed Markets Bond Index Fund (approximately 1%), with asset allocations currently comprising U.S. equities (54%), non-U.S. equities (36%), bonds (10%), and short-term debt/net other assets (minimal); allocations adjust gradually via a neutral strategy toward a more conservative profile similar to the Freedom Index Income Fund 10-19 years post-target date. The Institutional Premium Class (FFLEX; CUSIP 315793554) features a net expense ratio of 0.08%, minimum initial investment of $5 million (waived for certain employer-sponsored plans), and total net assets exceeding $11 billion, with operations domiciled in the United States and available to U.S. investors. Launched on August 5, 2014, and managed by Fidelity Management & Research Company LLC from headquarters in Smithfield, Rhode Island, the fund operates within the target-date 2060 category, targeting retirement savers with a passively managed, index-tracking approach across U.S. and global markets. In recent developments, Fidelity initiated a transition to a revised glide path and strategic asset allocation on October 1, 2025—increasing equity exposure, reducing fixed income, and boosting inflation-sensitive assets for investors near or in retirement—with completion expected by the end of Q1 2027. Cait Dourney, CFA, joined as co-portfolio manager on May 30, 2025, alongside Andrew Dierdorf (since 2014), Brett Sumsion (since 2014), and Finola McGuire Foley (since 2018). The fund delivered strong semiannual gains through September 30, 2025, reflecting positive market conditions, with year-to-date returns around 18% for FFLEX and calendar 2024 returns of 14.22%.