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.
Fund Family Fidelity
Category Target-Date 2050
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FRLPX
Share Class Premier Class
Index S&P 500 TR
FRLPX had a total return of 20.63% in the past year, including dividends. Since the fund's
inception, the average annual return has been 14.17%.
