- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Oct 5, 2009
- Business
- Fidelity Freedom Index 2010 Fund - Investor Class (FKIFX) is a target-date mutual fund that seeks high total return until its target retirement date around 2010 and thereafter high current income with secondary capital appreciation; it invests primarily in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds, each designed to track specific indices such as the Dow Jones U.S. Total Stock Market Index, MSCI All Country World ex U.S. Index, Bloomberg U.S. Aggregate Bond Index, and Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) indices. The fund allocates assets according to a neutral strategy that gradually shifts toward a more conservative profile similar to the Fidelity Freedom Index Income Fund approximately 10 to 19 years post-target date, with current allocations as of September 30, 2025, comprising 14.92% U.S. equities, 10.00% non-U.S. equities, 66.50% bonds (including 40.53% U.S. investment-grade bonds, 16.25% U.S. short-term inflation-protected bonds, 1.65% U.S. long-term inflation-protected bonds, and 4.92% international bonds), and 8.58% short-term debt and net other assets; top holdings include Fidelity Series Bond Index Fund (40.69%), Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (15.89%), Fidelity Series Total Market Index Fund (14.71%), Fidelity Series Global ex U.S. Index Fund (10.23%), and Fidelity Series Treasury Bill Index Fund (8.15%). It offers multiple share classes including Investor Class (CUSIP 315793307), Institutional Premium Class (FFWTX), Premier Class (FCYPX), and Premier II Class (FATUX), with a net expense ratio of 0.12% for the Investor Class, portfolio assets of $746.6 million, and a turnover rate of 17% as of March 2025; the fund is available to U.S. investors through retirement plans, qualified tuition programs managed by Fidelity, and health savings accounts, with no initial purchase minimum for the Investor Class. Launched on October 2, 2009, the fund is managed by Fidelity Management & Research Company LLC, a subsidiary of Fidelity Investments, which was founded in 1946 and is headquartered in Boston, Massachusetts. Recent developments include the addition of Cait Dourney, CFA, as a portfolio manager in June 2025 alongside Andrew Dierdorf (since 2009), Finola McGuire Foley (since 2018), and Brett Sumsion (since 2014), and the initiation of a transition to a revised strategic asset allocation glide path in Q4 2025—with increased exposure to equities for early-career investors and to equities plus inflation-sensitive assets for those near or in retirement—expected to complete by Q1 2027.