Fidelity Freedom Index 2020 Fund - Investor Class (FPIFX)
Fidelity Freedom Index 2020 Fund - Investor Class operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $17.82, up 0.17% on the session, giving a market capitalisation of $7.10B. Its beta of 0.82 implies it has historically moved less than the broad market.
This investment vehicle is designed to deliver substantial total returns leading up to its target retirement date. Once that date is reached, its strategy shifts to prioritize high current income, with capital appreciation becoming a secondary objective. The fund achieves this by investing in a diversified mix of underlying Fidelity index funds, which include U.S. and international stock funds, bond funds, and short-term funds. Apart from any money market funds, each of these underlying components aims to replicate the total return performance of a specific market index.
Fidelity Freedom Index 2020 Fund - Investor Class is most often compared with the following Financial Services names: