About FFFAX
Fidelity Freedom Income Fund is a mutual fund designed to provide high current income, with a secondary goal of capital appreciation. As an actively managed target-date retirement fund, it primarily invests in a diversified mix of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds. The fund favors a conservative allocation with significant exposure to fixed-income securities—approximately half of its assets are allocated to bonds, including both domestic and international issuers, alongside a notable portion in cash equivalents and a moderate allocation to U.S. and foreign equities. This structure is intended for individuals who are in or approaching retirement, seeking stable payouts and lower risk compared to more growth-oriented investments.
Fidelity Freedom Income Fund plays a key role in the retirement planning landscape, serving as a landing point for investors who have reached or passed their target retirement date. It is commonly used within defined contribution plans as the final allocation in a suite of target-date options, aiming to provide consistent income streams through monthly distributions while preserving capital. The fund is managed by an experienced portfolio team, supported by Fidelity’s asset allocation research, and is diversified across more than 40 underlying securities. Its expense ratio is relatively low, reflecting the fund's focus on efficiency for income-seeking investors in the later stages of their financial plans.
Fund Family Fidelity
Category Target-Date Retirement
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FFFAX
Index Bloomberg U.S. Aggregate Bond TR
FFFAX had a total return of 8.25% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.58%.
