Fidelity Freedom Index 2045 Instl Prem
FFOLX
NASDAQ- -
USD
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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
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in mil. unless spec.Quarterly Earnings Per Share
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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 2210
- IPO Date
- Jun 29, 2015
- CIK
- 0000880195
- Website
- fidelity.com
- Similar Companies
- Business
- Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) is a target-date mutual fund managed by Fidelity Investments that seeks high total return until its target retirement date around 2045; thereafter, it aims for high current income and, as a secondary objective, capital appreciation. The fund primarily invests in a combination of underlying Fidelity funds, including U.S. equity funds such as Fidelity Series Total Market Index Fund (approximately 54% allocation), international equity funds such as Fidelity Series Global ex U.S. Index Fund (approximately 36%), bond funds such as Fidelity Series Long-Term Treasury Bond Index Fund, Fidelity Series Bond Index Fund, and Fidelity Series International Developed Markets Bond Index Fund, and short-term funds. It employs a glide path that systematically adjusts asset allocation over time, becoming more conservative as the target date approaches to reduce investment risk for investors expecting to retire around age 65 in or near 2045. Fidelity Investments, the fund's manager and parent company, founded in 1946 and headquartered at 245 Summer Street in Boston, Massachusetts, operates as one of the world's largest asset managers with over $9.9 trillion in customer assets, serving more than 40 million individual investors through mutual funds, retirement plans including 401(k)s, brokerage services, and wealth management. The FFOLX share class, part of the Fidelity Freedom Index series, was incepted on June 24, 2015, and features an ultralow expense ratio of 0.08% with total net assets exceeding $26 billion as of late 2025. The fund targets retirement savers and institutional investors, with geographic exposure spanning U.S. and global developed and emerging markets through its underlying index-tracking components. In recent developments, Fidelity has continued refining its Freedom Index target-date series, including announcements of revised neutral asset allocation strategies set to take effect by early 2027 for certain funds in the lineup, alongside positive performance gains reported for the semiannual period ending September 30, 2025. Fidelity Investments has tracked record RIA merger and acquisition activity in 2025, with 132 transactions totaling $182.7 billion in assets in the first half alone, reflecting heightened competition and strategic expansion in wealth management, though no direct acquisitions or partnerships specific to FFOLX were noted. The firm maintains its focus on leveraging proprietary research for retirement outcomes amid evolving market conditions.