Fidelity Freedom Index 2050 Fund
FFOPX
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
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 2050 Fund (FFOPX) is a target-date mutual fund that seeks high total return until its target retirement date around 2050, thereafter transitioning to high current income and secondary capital appreciation. The fund, part of Fidelity Investments' Freedom Index series, primarily invests in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds that track specific indexes, including the Dow Jones U.S. Total Stock Market Index, MSCI All Country World ex U.S. Index, Bloomberg U.S. Aggregate Bond Index, Bloomberg U.S. Long Treasury Bond Index, and Bloomberg U.S. Treasury Inflation-Protected Securities Indexes; it employs a neutral asset allocation strategy that gradually shifts toward a more conservative profile similar to the Fidelity Freedom Index Income Fund approximately 10 to 19 years post-target date, with potential merger into that fund. Share classes include Institutional Premium (FFOPX), Investor (FIPFX), Premier (FRLPX), and Premier II (FAVQX), offered to retirement plans, institutional investors, and qualified programs with varying minimums and expense ratios from 0.04% to 0.12%. The fund follows a glide path that currently allocates approximately 54.50% to U.S. equities, 35.73% to non-U.S. equities, 9.75% to bonds (including U.S. investment-grade, long-term Treasury, and international bonds), and minimal short-term debt, with adjustments occurring gradually over time. It targets investors anticipating retirement in or near 2050 at around age 65, serving individual and employer-sponsored retirement plans such as 401(k)s through diversified, passively managed exposure to global stocks and bonds. Headquartered in Smithfield, Rhode Island, as part of Fidelity Management & Research Company LLC, the fund traces its inception to October 2009 for the Investor Class, with the Institutional Premium Class launched in June 2015. In recent developments, Fidelity announced updates to the Freedom Index glide path and strategic asset allocation in 2025, increasing equity exposure by 0.5% to 9% for early-career and retirement-phase investors while boosting inflation-sensitive assets like TIPS for those near or in retirement; the transition began in Q4 2025 and is set to complete by end-Q1 2027. Portfolio management expanded with Cait Dourney, CFA, appointed as co-portfolio manager effective June 2025, joining Andrew Dierdorf, CFA (since 2009), Finola McGuire Foley, CFA (since 2018), and Brett Sumsion, CFA (since 2014). These changes reflect Fidelity's ongoing commitment to enhancing long-term outcomes amid evolving capital markets and participant needs.