Fidelity Freedom 2060 K
FNSFX
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
FRC
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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
- BOSTON MA 02210 Boston MA United States of America 02210
- IPO Date
- Jan 2, 2019
- CIK
- 0000880195
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom 2060 K (FNSFX) is a target-date mutual fund offered by Fidelity Investments that provides a diversified portfolio for investors planning to retire around 2060. The fund invests primarily in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds, including key holdings such as Fidelity Series Emerging Markets Opportunities Fund (9.79%), Fidelity Series Large Cap Stock Fund (9.67%), Fidelity Series Growth Company Fund (9.60%), Fidelity Series International Value Fund (7.94%), and Fidelity Series Overseas Fund (7.69%); its asset allocation features approximately 50.44% U.S. stocks, 42.30% non-U.S. stocks, 9.16% U.S. bonds, and 1.60% non-U.S. bonds, with sector emphases in technology (19.73%), financial services (18.55%), and industrials (12.64%). Class K shares, designed specifically for certain 401(k) plans with a net expense ratio of 0.65% and no minimum initial investment, became available following a merger on September 8, 2017, when the original Fidelity Aberdeen Street Trust: Fidelity Freedom K 2060 Fund was reorganized into its current structure under Fidelity Aberdeen Street Trust. The fund, with total net assets of $6.02 billion and share class size of $2.57 billion, is managed by Andrew Dierdorf and Brett Sumsion since August 5, 2014, and operates within the Morningstar Target-Date 2060 category. Fidelity Investments, the parent entity founded in 1946 and headquartered in Boston, Massachusetts, manages the fund as part of its broader suite of retirement-oriented Freedom Funds targeting U.S. retirement savers, primarily through employer-sponsored defined contribution plans. Recent developments include Fidelity's broader transition to an updated target-date series strategy announced in late 2025, alongside related fund name changes such as Fidelity Freedom Income Fund to Fidelity Freedom Retirement Fund on September 9, 2025, reflecting ongoing enhancements to asset allocation and portfolio glide paths expected to fully implement by early 2027.