Fidelity Freedom Retirement K6
FYTKX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Evgeny Kozlov
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- BOSTON MA 02210 Boston MA United States of America 2210
- IPO Date
- Jun 7, 2017
- CIK
- 0000880195
- Website
- institutional.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom Retirement Fund Class K6 (FYTKX) is a target-date mutual fund managed by Fidelity Management & Research Company LLC (FMR), part of Fidelity Investments, seeking high current income and, secondarily, capital appreciation through investments primarily in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds. The fund employs a stable neutral asset allocation strategy, currently transitioning during the fourth quarter of 2025 to approximately 17% U.S. equity funds, 11% international equity funds, 2% commodity funds, 37% U.S. investment-grade bond funds, 5% international bond funds, 2% long-term treasury bond funds, 21% short-term inflation-protected bond funds, and 6% short-term funds; it uses an active asset allocation approach to adjust exposures by up to 10% based on market outlook and may allocate up to 25% in aggregate to other asset classes such as high yield debt, floating rate debt, real estate debt, and emerging markets debt. The fund buys and sells futures contracts to manage cash flows, remain fully invested, or facilitate asset allocation, and is available primarily to employer-sponsored retirement plans including 401(k), 403(b), and defined benefit plans in the United States. FMR, headquartered at 245 Summer Street in Boston, Massachusetts, established Fidelity Investments in 1946, with the Fidelity Freedom suite of funds launched subsequently as part of its retirement investment strategies. FYTKX, with a total annual operating expense ratio of 0.24%, maintains a portfolio turnover rate of 14% as of the most recent fiscal year and does not incur direct transaction costs when trading underlying Fidelity funds. In recent developments, the fund underwent a name change on September 9, 2025, from Fidelity Freedom Income Fund to Fidelity Freedom Retirement Fund, accompanied by prospectus revisions and supplements. Fidelity appointed Cait Dourney and Finola McGuire Foley as co-portfolio managers effective in 2025, with Dourney joining from the asset-allocation research team on June 1, 2025, for the mutual fund series following her earlier role in collective investment trusts; Andrew Dierdorf and Brett Sumsion continue as co-managers since 2011 and 2014, respectively. The neutral asset allocation strategy is being revised to take full effect by the end of the first quarter of 2027, with transitional adjustments beginning in late 2025.