Fidelity Freedom 2065 Fund
FFSFX
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 28, 2019
- CIK
- 0000880195
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom 2065 Fund (FFSFX) is an open-end mutual fund managed by Fidelity Management & Research Company LLC (FMR) that seeks high total return until its target retirement date around 2065, after which it transitions to high current income and secondary capital appreciation; it invests primarily in a combination of underlying Fidelity U.S. equity funds, international equity funds, bond funds (including U.S. investment grade, international, short-term inflation-protected, long-term inflation-protected, and long-term treasury bond funds), short-term funds, and commodity funds, with active allocations to high yield debt, floating rate debt, real estate debt, and emerging markets debt up to 25% in aggregate. The fund follows a neutral glide path asset allocation strategy that gradually shifts toward a more conservative profile similar to the Fidelity Freedom Retirement Fund approximately 10 to 19 years post-2065, employing futures contracts for cash management and active adjustments up to plus or minus 10% based on intermediate-term market outlook; top holdings include Fidelity Series Growth Company Fund, Fidelity Series Emerging Markets Opportunities Fund, Fidelity Series Large Cap Stock Fund, Fidelity Series International Value Fund, and Fidelity Series International Growth Fund, representing about 43% of the portfolio with diversification across U.S. stocks (49%), non-U.S. stocks (39%), U.S. bonds (7%), and other assets. Launched on June 28, 2019, and domiciled in the United States with headquarters at 245 Summer Street, Boston, Massachusetts, the fund targets investors retiring in or near 2065 at around age 65 and is available through Fidelity brokerage accounts, retirement plans, and certain institutional channels with a net expense ratio of 0.68% for the FFSFX share class and total net assets of approximately $2.61 billion. In recent strategic shifts, the fund announced a revised neutral asset allocation glide path set to take effect by the end of Q1 2027, with transition beginning in Q4 2025 to incorporate enhanced inflation hedges and duration extensions; Q2 2025 adjustments reduced equity allocation to 68% from prior peaks, boosted non-U.S. equities and bonds, added TIPS and gold alternatives to 5%, and extended bond duration to 8 years amid inflation and policy risks; additionally, Finola McGuire Foley and Cait Dourney joined as co-portfolio managers on May 30, 2025, alongside incumbents Andrew Dierdorf and Brett Sumsion since inception. The fund operates within the target-date 2065+ category, emphasizing global diversification for retirement savers primarily in the U.S. market through employer-sponsored plans like 401(k)s and IRAs.