Fidelity Freedom 2055 Fund (FDEEX)
Fidelity Freedom 2055 Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $20.97, up 0.72% on the session, giving a market capitalisation of $17.42B. Its beta of 1.26 implies it has historically moved more than the broad market.
This fund invests in a diversified portfolio of other Fidelity funds, including those focused on U.S. equities, international equities (encompassing both established and emerging markets), fixed-income securities, and short-term holdings. It employs a dynamic asset allocation methodology that progressively shifts towards a more conservative stance. Ultimately, the fund's investment mix is designed to converge with that of the Fidelity Freedom® Income Fund, which comprises approximately 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds, and 30% in short-term funds. This final, more cautious allocation is projected to be reached roughly 10 to 19 years after the year 2055.
Fidelity Freedom 2055 Fund is most often compared with the following Financial Services names: