- CEO
- Abigail Johnson
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Jan 8, 2003
- Business
- Fidelity Freedom 2015 Fund (FFVFX) is an actively managed target-date mutual fund offered by Fidelity Investments that seeks high total return until its target retirement date around 2015, after which it follows a more conservative strategy similar to the Fidelity Freedom Income Fund. The fund primarily invests in a diversified portfolio of underlying Fidelity funds, including U.S. equity funds, international equity funds covering developed and emerging markets, bond funds such as investment-grade, inflation-protected, and government bonds, and short-term funds; top holdings include Fidelity Series Investment Grade Bond Fund (29.88%), Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (10.22%), Fidelity Series Government Money Market (4.57%), Fidelity Series Emerging Markets Opportunities Fund (4.56%), and Fidelity Series International Developed Markets Bond Index Fund (4.38%), with asset allocation approximately 49.59% U.S. bonds, 18.90% U.S. stocks, 17.26% non-U.S. stocks, 7.04% non-U.S. bonds, 6.78% cash, and 0.43% other. It employs a neutral asset allocation glide path that adjusts over time, becoming increasingly conservative, and allows active adjustments of up to 10 percentage points in equity, bond, and short-term exposures based on market outlook.
Launched on November 6, 2003, the fund is domiciled in the United States with Fidelity Investments headquartered in Boston, Massachusetts, and operates globally through its underlying funds targeting investors planning retirement around 2015, such as in defined contribution plans. Assets under management total approximately $4.36 billion, with a net expense ratio of 0.50% and daily pricing.
In recent developments, Fidelity announced a revised strategic asset allocation glide path for its Freedom Funds, including FFVFX, featuring increased equity exposure (by 0.5-9% depending on the vintage), reduced fixed income, and higher allocations to inflation-sensitive assets like TIPS for funds near or in retirement; the transition begins in Q4 2025 and completes by Q1 2027. Portfolio managers adjusted allocations in Q2 2025 by adding to developed-market equities and trimming emerging-markets equities amid currency and inflation dynamics. Active asset allocation positioning contributed positively relative to the fund's composite index in Q3 2025.