Fidelity Freedom Index 2020 Fund - Investor Class
FPIFX
NASDAQ- -
USD
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- -
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
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in mil. unless spec.Quarterly Earnings Per Share
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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
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Oct 5, 2009
- CIK
- 0000880195
- Website
- institutional.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom Index 2020 Fund - Investor Class (FPIFX) is a target-date mutual fund that seeks high total return until its target retirement date around 2020, thereafter targeting high current income and, secondarily, capital appreciation. The fund invests primarily in a diversified combination of underlying Fidelity index funds, including Fidelity Series Bond Index Fund (approximately 33%), Fidelity Series Total Market Index Fund (approximately 26%), Fidelity Series Global ex U.S. Index Fund (approximately 17%), Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (approximately 7%), Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (approximately 5%), and others such as Fidelity Series International Developed Markets Bond Index Fund and Fidelity Series Long-Term Treasury Bond Index Fund; this allocation provides exposure to U.S. stocks (26%), non-U.S. stocks (16%), U.S. bonds (47%), non-U.S. bonds (7%), cash (3%), and minor other assets. Launched on October 2, 2009, and managed by Fidelity's Global Asset Allocation group with portfolio managers including Andrew Dierdorf, the fund operates within the target-date 2020 category, targets retirement savers around age 65 in or near 2020, maintains a low expense ratio of 0.12%, and has total net assets of approximately $6.8 billion as of late 2025. FPIFX follows a glide path that has shifted to a more conservative posture post-2020, emphasizing fixed income and short-term instruments while retaining moderate equity exposure for balanced risk-adjusted returns; it is available to U.S. investors through brokerage platforms with no minimum initial investment and semi-annual dividend distributions, as evidenced by payouts in May 2025 ($0.136 per share) and December 2024 ($0.656 per share). The fund benefits from Fidelity Investments' institutional capabilities, headquartered in Boston, Massachusetts, with global operations spanning U.S. and international markets through its underlying funds. In recent years, Fidelity has implemented glide path updates across its Freedom Index series, including increased equity exposure (up to 9% for certain vintages) funded by reductions in fixed income and short-term debt, alongside higher allocations to inflation-sensitive assets like TIPS for investors near or in retirement to better support retirement income outcomes. Portfolio management remains stable under the Global Asset Allocation team, with no fund-specific manager changes noted since prior transitions in the broader Fidelity equity index lineup; the fund continues to track its composite benchmark closely amid ongoing market volatility.