- 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 2015 Fund Investor Class (FLIFX) is a target-date mutual fund managed by Fidelity Management & Research Company LLC that seeks high total return until its target retirement date around 2015 and thereafter high current income with secondary capital appreciation. The fund invests primarily in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds, each tracking specific indexes 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 Indexes; it employs a neutral asset allocation 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 20.46% U.S. equities, 13.70% non-U.S. equities, 60.11% bonds (including U.S. investment-grade, long-term Treasury, inflation-protected, and international bonds), and 5.73% short-term debt and net other assets. Share classes include Investor Class (FLIFX, CUSIP 315793406), Institutional Premium Class (FIWFX), Premier Class (FFYPX), and Premier II Class (FATVX, launched August 22, 2024); the fund uses futures contracts for cash flow management, full investment, and asset allocation while maintaining a low turnover rate of 15% as of March 2025 and portfolio assets of $1,962.8 million. It targets investors retiring in or within a few years of 2015 at around age 65, operating within the target-date 2015 category with average risk and performance ratings.
Launched on October 2, 2009, the fund is domiciled in the United States and managed from Fidelity Investments' headquarters at 245 Summer Street, Boston, Massachusetts, with a global footprint through Fidelity's operations serving institutional and retail investors in retirement plans, brokerage accounts, and qualified tuition programs.
In a major strategic update, Fidelity announced a revised glide path and strategic asset allocation for the Freedom Index Funds series in 2025, increasing exposure to equities for early-career investors and to both equities and inflation-sensitive assets for those near or in retirement to better sustain long-term income; the investment team began transitioning to this new allocation in Q4 2025, with completion expected by Q1 2027. Portfolio managers include Andrew Dierdorf, CFA (since inception), Cait Dourney, CFA (since June 2025), Finola McGuire Foley, CFA (since June 2018), and Brett Sumsion, CFA (since January 2014), reflecting recent team enhancements amid the glide path revision. No significant acquisitions, partnerships, funding rounds, or mergers specific to FLIFX were reported in the last 1-2 years.