Fidelity Freedom 2050 K6
FZTKX
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
FRC
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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
- BOSTON MA 02210 Boston MA United States of America 02210
- IPO Date
- Jun 7, 2017
- CIK
- 0000880195
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom 2050 Fund Class K6 (FZTKX) is an actively managed target-date mutual fund that seeks high total return until its target retirement date around 2050, thereafter transitioning to high current income and secondary capital appreciation; it invests primarily in a combination of underlying Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds according to a preset glide path that gradually reduces equity exposure and increases fixed-income allocation over time. Core offerings include diversified exposure to U.S. stocks (approximately 49%), non-U.S. stocks (42%), U.S. bonds (8%), non-U.S. bonds, cash, and other assets, with top holdings such as Fidelity Series Growth Company Fund, Fidelity Series Large Cap Stock Fund, Fidelity Series Emerging Markets Opportunities Fund, Fidelity Series International Value Fund, and Fidelity Series Overseas Fund; the fund employs active asset allocation to adjust exposures by up to 10% relative to neutral targets based on market outlook, incorporates futures contracts for cash management and full investment, and may allocate up to 25% in aggregate to alternative asset classes including high-yield debt, floating-rate debt, real estate debt, and emerging markets debt. It targets investors anticipating retirement in or within a few years of 2050, typically at age 65, and is available primarily through employer-sponsored retirement plans such as 401(k), 403(b), and 457(b) plans in the United States. In recent developments, the fund is undergoing a transition to a revised neutral asset allocation glide path, with implementation beginning in the fourth quarter of 2025 and expected completion by the end of the first quarter of 2027, enhancing diversification and risk management in response to evolving market conditions including inflation and policy uncertainty. Portfolio turnover stood at 19% for the most recent fiscal year, reflecting moderate trading activity focused on underlying Fidelity funds without direct transaction costs from commissions. The fund added co-portfolio managers Cait Dourney and Finola McGuire Foley in 2025, alongside established managers Andrew Dierdorf (since 2011) and Brett Sumsion (since 2014), to oversee its strategies. Fidelity Management & Research Company LLC (FMR), headquartered at 245 Summer Street, Boston, Massachusetts, serves as investment adviser, with the fund originally launched on June 1, 2006, and Class K6 shares introduced on June 7, 2017. It operates within the target-date 2050 category, emphasizing large-cap blend equities, high-quality bonds with extended interest-rate sensitivity, and global diversification, with total net assets exceeding $20 billion and a net expense ratio of 0.45%. The fund maintains a U.S.-centric focus but includes substantial international exposure and is closed to most new retail investors outside qualified plans.