Fidelity is one of the largest financial services companies in the United States. It offers various financial products, such as insurance, annuities, exchange traded funds and mutual funds.
Fidelity Freedom Fund Group
Fidelity Freedom Funds Group (including Fidelity Freedom K Funds) is designed to help individuals reach their retirement goals. These funds have a variety of built-in features, such as target retirement dates, scheduled asset allocation adjustments and active portfolio management.
Fidelity Freedom Funds
Fidelity Freedom funds are best suited for investors who not only want to save for retirement, but also to stay invested during retirement. They simplify investment allocation and selection by gradually reducing the level of portfolio risk as the investor nears retirement. These funds are built around target retirement dates, such as Fidelity Freedom 2020 fund, Fidelity Freedom 2030 fund and other comparable funds.
Fidelity Freedom K Funds
Fidelity Freedom K funds are a variety of Fidelity Freedom funds that were designed specifically for some institutional retirement plans that Fidelity manages. They have a lower expense ratio than retail Freedom funds and cannot be purchased outside of the retirement plans.
References
- Investment News: Fidelity To Launch Series Of Low-cost Target Date Funds
- Fidelity: Fidelity Investments
- Fidelity. "About Fidelity," Accessed Dec. 3, 2019.
- Charles P. Jones and Gerald R. Jensen. "Investments: Analysis and Management," Page 56. Wiley, 2016.
- Fidelity. "Fidelity Mutual Funds," Accessed Dec. 3, 2019.
- Fidelity. "Beat the Benchmark," Accessed Dec. 3, 2019.
- Fidelity. "Fidelity Contrafund," Accessed Dec. 3, 2019.
- Fidelity. "Fidelity Strategic Dividend & Income Fund," Accessed Dec. 3, 2019.
- Fidelity. "Fidelity Select Biotechnology Portfolio," Accessed Dec. 3, 2019.
- Fidelity. "Fidelity Growth Company Fund," Accessed Dec. 3, 2019.
- Fidelity. "Why Invest in Fidelity Index Funds," Dec. 3, 2019.
- Fidelity. "Fidelity 500 Index Fund," Accessed Dec. 3, 2019.
- Fidelity. "Fidelity U.S. Bond Index Fund," Accessed Dec. 3, 2019.
- Fidelity. "Fidelity Mid Cap Enhanced Index Fund," Accessed Dec. 3, 2019.
- Fidelity. "Fidelity Balanced Fund," Accessed Dec. 3, 2019.
- Fidelity. "Fidelity Freedom Income Fund," Accessed Dec. 3, 2019.
- Fidelity. "Fidelity Capital & Income Fund," Accessed Dec. 3, 2019.
Writer Bio
Elina VanNatta started writing professionally in 2010 for various websites, including GuppyWeightLoss. She has more than five years of experience in the financial services industry and more than 10 years of experience in sales and marketing. She completed part of her higher education in Russia, attended DeVry University and earned a Bachelor of Science in marketing management from Western Governors University.