About FFGZX
Fidelity Freedom Index Income Fund Institutional Premium Class is a target-date retirement mutual fund designed for investors who are already in retirement or seeking a stable, income-focused allocation. Its primary function is to generate a high level of current income, with capital appreciation as a secondary objective. The fund achieves its goals by allocating assets among a diverse mix of underlying Fidelity index funds, including domestic and international equity, bond, and short-term investment funds, following a stable "neutral" allocation strategy. This approach leverages the advantages of index investing—broad market exposure, cost efficiency, and transparency—while maintaining a risk profile suitable for individuals seeking income and preservation of capital. Management flexibility allows for limited adjustments to allocation in response to market conditions, ensuring responsiveness to investor needs. The Institutional Premium share class targets larger institutional clients, such as retirement plans, and is known for its low expense ratio. As part of the broader Fidelity Freedom Index series, this fund plays a key role in the retirement income ecosystem, providing a turnkey solution for ongoing income and diversification after the typical target retirement date.
Fund Family Fidelity
Category Target-Date Retirement
Performance Rating Below Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol FFGZX
Share Class Institutional Premium Class
Index Bloomberg U.S. Aggregate Bond TR
FFGZX had a total return of 6.77% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.96%.
