FFLDX

About FFLDX

Fidelity Freedom Index 2055 Fund Institutional Premium Class is a target-date mutual fund designed to help investors accumulate assets for retirement with an intended target year of 2055. This fund primarily aims for high total return until it reaches its target retirement date, at which point the focus shifts toward securing high current income, with capital appreciation as a secondary objective. It employs a dynamic mix of Fidelity underlying funds covering U.S. equities, international equities, bonds, and short-term instruments, with each underlying fund aiming to track a select market index. Its asset allocation gradually becomes more conservative as the target date approaches, reflecting a shift from a heavier equity emphasis to increased fixed income exposure over time. Renowned for its low expense ratio and institutional share class structure, the fund leverages Fidelity’s extensive research and automated, rules-based strategies. It is especially notable in the retirement solutions market for providing simple, cost-effective diversification and access to broad global markets through a single investment vehicle.