Fidelity Freedom Index 2005 Fund - Investor Class
FJIFX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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
- Oct 5, 2009
- CIK
- 0000880195
- Similar Companies
- Business
- Fidelity Freedom Index 2005 Fund Investor Class (FJIFX) is a target-date mutual fund offered by Fidelity Investments that seeks high total return until its approximate target retirement date of 2005, thereafter shifting to provide high current income and, secondarily, capital appreciation. The fund invests in a combination of underlying Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds, with an asset allocation that becomes increasingly conservative as it approaches and passes the target date, ultimately expected to merge into Fidelity Freedom Index Income Fund; its strategic glide path emphasizes diversification across U.S. equities (approximately 11.68%), non-U.S. equities (7.76%), U.S. investment-grade bonds (42.69%), inflation-protected bonds, long-term U.S. Treasury bonds, international bonds, and short-term debt. Managed by a team at Fidelity Management & Research Company LLC since its inception on October 2, 2009, the fund targets retirement investors in or beyond their target year, operates primarily in U.S. and global capital markets, and maintains a gross expense ratio of 0.12% with assets under management of approximately $260 million as of March 31, 2024. Fidelity Investments, headquartered in Boston, Massachusetts and founded in 1946, serves as the parent firm providing the underlying funds and investment research resources. In June 2024, the Fidelity Freedom Index 2005 Fund underwent a tax-free reorganization, merging its assets into the Fidelity Freedom Index Income Fund, with shareholders receiving shares of the acquiring fund. On October 1, 2025, Fidelity initiated a transition to an updated glide path and strategic asset allocation across the Freedom Index Funds series, increasing equity exposure for early-career and retired investors, refining allocations for late-career savers by reducing U.S. nominal bonds and boosting inflation-sensitive assets such as inflation-protected bonds and commodities via the Bloomberg Commodity 3 Month Forward Index (TR), with the full transition expected by the end of the first quarter of 2027. These changes reflect Fidelity's ongoing efforts to enhance long-term retirement outcomes amid evolving capital market expectations and participant needs.