Fidelity Freedom Index 2050 Premier (FRLPX)
| Fund Assets | 22.83B |
| Expense Ratio | 0.05% |
| Min. Investment | $5,000,000,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 1.91% |
| Dividend Growth | 16.56% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | May 9, 2025 |
| Previous Close | 29.04 |
| YTD Return | 11.51% |
| 1-Year Return | 16.57% |
| 5-Year Return | 72.38% |
| 52-Week Low | 23.34 |
| 52-Week High | 29.21 |
| Beta (5Y) | n/a |
| Holdings | 5 |
| Inception Date | Jun 24, 2020 |
About FRLPX
Fidelity Freedom Index 2050 Fund Premier Class is a target-date mutual fund designed primarily for investors planning to retire around the year 2050. Its core objective is to achieve a high total return until the target retirement date, at which point the fund shifts its focus towards generating high current income and, secondarily, capital appreciation. The fund employs a diversified, index-based investment approach, allocating assets across a mix of Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds. This asset allocation strategy is dynamically adjusted over time—a methodology known as the glide path—to become more conservative as the fund nears and surpasses its target date. The Premier Class is tailored for large institutional investors, reflecting a high entry threshold and a low expense ratio, making it cost-efficient for managing significant assets. The fund draws on Fidelity’s extensive investment research and is an integral component of the broader Fidelity Freedom Index suite, playing a key role in supporting retirement savings by balancing risk, growth potential, and income needs over multiple decades.
Performance
FRLPX had a total return of 16.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.53%.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Series Total Market Index | n/a | 54.82% |
| Fidelity Series Global ex US Index | n/a | 35.86% |
| Fidelity Series Long-Term Treasury Bond Index Fund | FTLTX | 4.60% |
| Fidelity Series Bond Index | n/a | 3.76% |
| Fidelity Series Intl Dev Mkts Bd Idx | FSTQX | 0.96% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 9, 2025 | $0.027 | May 12, 2025 |
| Dec 30, 2024 | $0.522 | Dec 31, 2024 |
| May 10, 2024 | $0.014 | May 13, 2024 |
| Dec 28, 2023 | $0.457 | Dec 29, 2023 |
| May 12, 2023 | $0.007 | May 15, 2023 |
| Dec 29, 2022 | $0.393 | Dec 30, 2022 |