Fidelity Freedom 2055 K6 (FCTKX)
Fidelity Freedom 2055 K6 operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $21.16, up 0.62% on the session, giving a market capitalisation of $17.64B. Its beta of 1.26 implies it has historically moved more than the broad market.
This fund strategically diversifies its holdings across a variety of underlying Fidelity funds, including domestic and international stocks, bonds, and short-term investment vehicles. Its portfolio management team actively adjusts the asset allocation according to a predetermined "glide path" strategy, which progressively shifts the fund's composition over time. This evolution aims to gradually reduce risk, ultimately converging on a more conservative allocation akin to that of the Fidelity Freedom® Income Fund, a transition expected to occur approximately 10 to 19 years beyond its 2055 target date.
Fidelity Freedom 2055 K6 is most often compared with the following Financial Services names: