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FFFDX Fidelity Freedom® 2020

  • Fund
  • FFFDX
  • Price as of: Aug 22, 2017
  • $16.19
  • + $0.08
  • + 0.50%
  • Category
  • Target Retirement Date

FFFDX - Profile

Vitals

  • YTD Return 8.0%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return 2.5%
  • Net Assets $12.6 B
  • Holdings in Top 10 71.9%

52 WEEK LOW AND HIGH

$16.19
$14.87
$16.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 19.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2020

Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity Freedom® 2020 Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Oct 17, 1996
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Andrew Dierdorf

Fund Description

The Fidelity Freedom 2020 Fund (FFFDX) is a target-date fund of funds. Using a specified glide path, FFFDX invests in 24 different Fidelity funds, both active and passive. The fund provides exposure to both domestic stocks of all market caps as well as international stocks. Additionally, both domestic and foreign investment-grade bonds, commodities and real estate are included in the fund’s holdings. As FFFDX approaches 2020, it reduces its exposure to equities and increases its holdings in fixed-income securities.

Expenses for the fund are below average. Given its all-encompassing approach to retirement investing, FFFDX is perfect as a core option for investors looking to retire around 2020.

FFFDX - Performance

Return Ranking - Trailing

Period FFFDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.0% -40.4% 434.9% 51.21% 3
1 Yr 6.2% -20.8% 19.3% 46.62% 3
3 Yr 1.0% * -1.6% 6.9% 43.61% 3
5 Yr 2.5% * 0.0% 12.2% 65.73% 4
10 Yr 0.3% * 0.4% 6.2% 71.29% 4

* Annualized


Return Ranking - Calendar

Period FFFDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 3.2% -17.1% 8.3% 49.16% 3
2015 -5.4% -33.1% 7.6% 42.26% 3
2014 -1.6% -33.3% 21.0% 56.22% 4
2013 9.1% -8.5% 23.9% 62.91% 4
2012 9.1% -10.4% 15.8% 52.49% 3

Total Return Ranking - Trailing

Period FFFDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.0% -40.4% 434.9% 51.21% 3
1 Yr 6.2% -23.4% 21.2% 47.92% 3
3 Yr 4.4% * -1.3% 13.0% 28.95% 2
5 Yr 7.5% * -1.1% 12.2% 54.33% 3
10 Yr 4.9% * -0.2% 6.2% 44.95% 3

* Annualized


Total Return Ranking - Calendar

Period FFFDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.1% -17.1% 9.3% 27.97% 2
2015 -0.1% -25.3% 7.9% 12.51% 1
2014 6.0% -4.8% 35.8% 44.65% 3
2013 16.3% -6.7% 49.0% 66.67% 4
2012 15.3% -13.8% 43.6% 61.23% 4

NAV & Total Return History

FFFDX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

FFFDX Category Low Category High FFFDX % Rank Quintile
Net Assets 12.6 B 351 K 35.4 B 0.88% 1
Number of Holdings 27 2 9892 2.65% 2
Net Assets in Top 10 9.04 B 178 K 35.4 B 0.99% 1
Weighting of Top 10 71.9% 2.3% 105.3% 18.80% 4

Top 10 Holdings

  1. Fidelity® Series Investment Grade Bond 24.14%
  2. Fidelity® Series Equity-Income 3.13%
  3. Fidelity® Series International Growth 6.48%
  4. Fidelity® Series International Value 6.45%
  5. Fidelity® Series Growth Company 5.28%
  6. Fidelity® Series Growth & Income 5.85%
  7. Fidelity® Series Emerging Markets 7.64%
  8. Fidelity® Series Stk Selec Lg Cp Val 4.42%
  9. Fidelity® Series Intrinsic Opps 5.57%
  10. Fidelity® Series Opportunistic Insights 2.92%

Asset Allocation

Weighting Category Low Category High FFFDX % Rank Quintile
Stocks
59.07% 0.48% 98.44% 17.45% 4
Bonds
28.93% 0.00% 101.10% 12.77% 3
Cash
11.53% -32.35% 97.05% 4.10% 1
Preferred Stocks
0.43% 0.00% 7.99% 0.99% 1
Convertible Bonds
0.06% 0.00% 4.38% 2.65% 2
Other
-0.02% -3.51% 47.06% 15.32% 5

Stock Sector Breakdown

Weighting Category Low Category High FFFDX % Rank Quintile
Technology
11.82% 0.02% 21.13% 10.23% 3
Financial Services
11.55% 0.15% 18.78% 10.65% 3
Consumer Cyclical
7.33% 0.03% 14.42% 11.64% 3
Healthcare
6.98% 0.04% 16.71% 12.83% 3
Industrials
5.52% 0.04% 12.35% 14.44% 4
Consumer Defense
5.03% 0.03% 12.65% 11.22% 3
Energy
3.27% 0.06% 8.23% 9.77% 4
Basic Materials
2.45% 0.03% 6.57% 11.22% 4
Communication Services
1.72% 0.04% 4.23% 9.19% 4
Real Estate
1.71% 0.02% 21.97% 14.44% 4
Utilities
1.19% 0.01% 5.49% 9.66% 4

Stock Geographic Breakdown

Weighting Category Low Category High FFFDX % Rank Quintile
US
35.40% 0.06% 83.16% 19.31% 4
Non US
23.67% 0.00% 54.00% 12.93% 3

Bond Sector Breakdown

Weighting Category Low Category High FFFDX % Rank Quintile
Corporate
13.72% 0.00% 53.64% 8.36% 2
Cash & Equivalents
11.62% -46.20% 97.04% 4.15% 1
Government
10.05% -27.29% 92.17% 12.20% 3
Securitized
5.10% 0.00% 24.93% 12.36% 3
Municipal
0.52% 0.00% 7.56% 1.82% 1
Derivative
-0.09% -30.52% 57.07% 3.17% 5

Bond Geographic Breakdown

Weighting Category Low Category High FFFDX % Rank Quintile
US
25.09% -4.11% 92.17% 12.31% 3
Non US
3.84% 0.00% 26.46% 11.94% 3

FFFDX - Expenses

Operational Fees

FFFDX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.00% 0.00% 47.30% 16.36% 1
Management Fee 0.00% 0.00% 0.92% 3.35% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.40% N/A N/A

Sales Fees

FFFDX Fees (% of AUM) Category Low Category High FFFDX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.00% N/A N/A

Trading Fees

FFFDX Fees (% of AUM) Category Low Category High FFFDX Rank Quintile
Max Redemption Fee N/A 2.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FFFDX Fees (% of AUM) Category Low Category High FFFDX Rank Quintile
Turnover 19.00% 0.00% 333.00% 5.61% 3

FFFDX - Distributions

Dividend Yield Analysis

FFFDX Category Low Category High FFFDX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.21% 61.55% 5

Dividend Distribution Analysis

FFFDX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FFFDX Category Low Category High FFFDX % Rank Quintile
Net Income Ratio 1.69% -0.93% 7.13% 9.40% 3

Capital Gain Distribution Analysis

FFFDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

FFFDX - Managers

Andrew Dierdorf

Manager

Start Date

Jun 30, 2011

Tenure

6.01

Tenure Rank

1.2%

Andrew Dierdorf is a portfolio manager in the Global Asset Allocation group at Fidelity Investments. In this role Mr. Dierdorf is responsible for co-managing multiple target date portfolios, including Fidelity ClearPath Portfolios, Fidelity Freedom Funds, and FIAM Target Date Strategies. Mr. Dierdorf joined Fidelity in 2004 and has been in the industry since 1993. Mr. Dierdorf earned his bachelor of science degree from the University of Delaware. He is a CFA charterholder, a Fellow of the Society of Actuaries, Chartered Market Technician, and Member of the American Academy of Actuaries.


Brett F. Sumsion

Manager

Start Date

Jan 21, 2014

Tenure

3.44

Tenure Rank

1.8%

Brett Sumsion is a portfolio manager in the Global Asset Allocation (GAA) group at Fidelity Investments. In this role, he is responsible for co-managing multiple target date portfolios, including Fidelity ClearPath Portfolios, Fidelity Income Replacement Funds, Fidelity Freedom Funds, and FIAM Target Date Strategies. Mr. Sumsion joined Fidelity in 2014 and has been in the investments industry since 2001. Mr. Sumsion earned his bachelor of arts degree from Brigham Young University and his MBA from The Wharton School at the University of Pennsylvania. He is a CFA charterholder.


Tenure Analysis

Category Low

0.0

Category High

14.8

Category Average

4.91

Category Mode

2.5