Fidelity Freedom Blend 2055 Fund
FHAOX
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
- Aug 31, 2018
- CIK
- 0000880195
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom Blend 2055 Fund (FHAOX) is an actively managed target-date mutual fund that seeks high total return until approximately 2055, after which it transitions to high current income and capital preservation through a neutral asset allocation glide path; the fund invests primarily in a combination of underlying Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds, with current allocations approximately 50% U.S. stocks, 37% non-U.S. stocks, 7% U.S. bonds, 3% non-U.S. bonds, and 2% cash. Key underlying holdings include Fidelity Series Large Cap Value Index Fund, Fidelity Series Blue Chip Growth Fund, Fidelity Series Emerging Markets Opportunities Fund, Fidelity Series Large Cap Growth Index Fund, and Fidelity Series Large Cap Stock Fund, representing over 50% of the portfolio; the fund employs a blend investment style across large-cap equities and high-quality, extended duration bonds within the Morningstar Target-Date 2055 category. Managed by a team including Andrew Dierdorf (since 2018), Brett Sumsion (since 2018), Finola McGuire Foley (since May 2025), and Cait Dourney (since May 2025), the fund maintains a net expense ratio of 0.47% and total net assets of approximately $2.20 billion. Launched on August 31, 2018, the fund operates within Fidelity Investments, a Boston, Massachusetts-based asset manager founded in 1946 as Fidelity Management & Research (FMR), with primary availability to U.S. investors through retail and institutional channels. Geographically, the fund provides diversified exposure to U.S. and international markets via its underlying funds, targeting retirement savers planning for 2055; it features no front-end or deferred loads and a minimum initial investment of $0. Recent developments include the addition of portfolio managers Finola McGuire Foley and Cait Dourney on May 30, 2025, enhancing the management team's expertise in fixed income and multi-asset strategies; in related Fidelity Freedom Blend series actions, Fidelity Advisor Freedom Blend 2055 Fund Class Z6 consolidated into Class K6 (FHDDX) on May 24, 2024, reflecting ongoing portfolio rationalization efforts. The fund posted gains for retail class shares through September 30, 2025, driven by overweight emerging markets equities and strong U.S. large-cap growth contributions, amid Fidelity's broader review of target-date offerings. No major acquisitions, funding rounds, or name changes have been reported for FHAOX specifically within the last two years.