Fidelity Freedom® 2055 Fund

Class Other (FDEEX)

U.S. News evaluated 43 Target Date 2051+ Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Fidelity Investments funds

See full Target Date 2051+ rankings

See more fund rankings

Performance

The fund has returned 19.35 percent over the past year.

Trailing Returns Updated 02.28.2014
Year to date 1.3%
1 Year 19.3%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

See more FDEEX performance

Summary

The investment seeks high total return until its target retirement date. The fund invests in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2055. It uses an asset allocation strategy that becomes increasingly conservative until it reaches approximately 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds, and 30% in short-term funds (approximately 10 to 17 years after the year 2055).