About FFBZX
Fidelity Freedom Blend 2055 Fund Premier Class is a target-date mutual fund designed for individuals planning to retire around the year 2055. Its primary function is to provide investors with a diversified investment solution that automatically adjusts its asset allocation over time, aligning with the evolving risk tolerance and income needs typical of a retirement timeline. The fund invests predominantly in a blend of underlying Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds, combining both actively and passively managed strategies. As the fund approaches its target retirement date, its allocation gradually shifts from growth-oriented assets, like equities, towards more conservative holdings, such as bonds and short-term instruments, aiming to reduce risk as investors near and enter retirement. The fund’s dynamic asset allocation is informed by Fidelity’s experienced management team and robust research resources, emphasizing diversification across geographies and asset classes. Ultimately, the fund seeks a high total return until the target date, after which its focus shifts to generating high current income and, secondarily, capital appreciation. This structure makes the fund a core component for long-term retirement planning within the broader asset allocation marketplace.
Fund Family Fidelity
Category Target-Date 2055
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol FFBZX
Share Class Premier Class
Index S&P 500 TR
FFBZX had a total return of 17.12% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.33%.
