Fidelity Freedom Index Income Fund - Investor Class
FIKFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Oct 5, 2009
- CIK
- 0000880195
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom Index Retirement Fund - Investor Class (FIKFX) is a target-date mutual fund managed by Fidelity Investments that seeks high current income and, as a secondary objective, capital appreciation, primarily for investors in or near retirement. The fund invests in a diversified portfolio of underlying Fidelity funds, including Fidelity Series Total Market Index Fund (U.S. equities), Fidelity Series Global ex U.S. Index Fund (non-U.S. equities), Fidelity Series Investment-Grade Bond Index Fund, Fidelity Series Long-Term Treasury Bond Index Fund, Fidelity Series 0-5 Year TIPS Index Fund and Fidelity Series 5+ Year TIPS Index Fund (inflation-protected bonds), Fidelity Series International Developed Markets Bond Index Fund, and Fidelity Series Treasury Bill Index Fund (short-term instruments); as of September 30, 2025, its asset allocation features approximately 12% U.S. equities, 8% non-U.S. equities, 70% bonds, and 10% short-term debt and net other assets. It belongs to Fidelity's Freedom Index Funds suite within the target-date retirement category, targeting retirement investors with a conservative glide path emphasizing diversification across equities, fixed income, inflation-sensitive assets, and short-term holdings to balance longevity, market, inflation, and deflation risks. The fund, originally launched as Fidelity Freedom Index Income Fund on October 2, 2009, and headquartered with Fidelity Investments in Boston, Massachusetts, operates globally through its underlying funds' exposures to U.S., developed international, emerging, and fixed-income markets. In September 2025, the fund was renamed from Fidelity Freedom Index Income Fund to Fidelity Freedom Index Retirement Fund to align with its role as the ultimate conservative allocation for the Freedom Index series, into which other target-date funds are expected to merge over time. On October 1, 2025, Fidelity initiated a transition to an updated glide path and strategic asset allocation across the Freedom Index Funds, increasing equity exposure for early-career and retirement investors, boosting inflation-sensitive assets such as inflation-protected bonds, reducing U.S. nominal bonds, incorporating the Bloomberg Commodity 3 Month Forward Index (TR) into composite benchmarks, and raising maximum equity to under 100%, with full implementation targeted by Q1 2027 to enhance long-term outcomes amid longevity and inflation risks. Additionally, Cait Dourney joined as co-portfolio manager on April 1, 2025, alongside Andrew Dierdorf, Brett Sumsion, and Finola McGuire Foley, leveraging Fidelity's research on capital markets, diversification, and participant behaviors.