About FHEDX
Fidelity Freedom Blend 2050 Fund Class K6 is a target-date mutual fund designed to help investors prepare for retirement around the year 2050. Its primary function is to seek a high total return through a diversified portfolio that dynamically adjusts its asset allocation over time. As the target year approaches, the fund’s investment mix gradually shifts from growth-oriented assets such as U.S. and international equities to a more conservative blend, including bonds and short-term investments, aiming to reduce risk as investors near retirement.
This fund employs a multi-manager, blend strategy, leveraging a wide range of underlying Fidelity funds managed by experienced teams and guided by robust asset allocation research. The portfolio primarily consists of large-cap U.S. stocks, international equities, and fixed income instruments, providing broad exposure across sectors and geographies. Key holdings often include Fidelity Series funds focused on value, growth, emerging markets, and long-term bonds.
Fidelity Freedom Blend 2050 Fund Class K6 is notable for its disciplined glide path and cost-efficient structure, with a relatively low expense ratio and no minimum investment requirement. It plays a significant role in the retirement planning market, especially within employer-sponsored plans, offering a hands-off solution for long-term savers seeking professionally managed, diversified growth that adjusts to their life stage.
Fund Family Fidelity
Category Target-Date 2050
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FHEDX
Share Class Class K6
Index S&P 500 TR
FHEDX had a total return of 23.20% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.12%.
