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.
| Period | FFFDX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 4.3% | -40.4% | 17.0% | 62.35% | 4 |
| 1 Yr | 2.1% | -7.2% | 17.3% | 33.44% | 2 |
| 3 Yr | 5.7% * | 0.4% | 8.3% | 48.73% | 3 |
| 5 Yr | 6.0% * | 1.2% | 9.9% | 68.26% | 4 |
| 10 Yr | 5.0% * | 1.9% | 6.7% | 41.92% | 3 |
* Annualized
| Period | FFFDX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2015 | -5.4% | -33.1% | 1.2% | 41.87% | 3 |
| 2014 | N/A | 5.0% | 5.1% | N/A | N/A |
| 2013 | N/A | 20.5% | 22.2% | N/A | N/A |
| 2012 | N/A | 12.6% | 13.1% | N/A | N/A |
| 2011 | N/A | -4.7% | -4.4% | N/A | N/A |
| Period | FFFDX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 4.3% | -40.4% | 17.0% | 63.29% | 4 |
| 1 Yr | 2.1% | -11.0% | 17.3% | 28.97% | 2 |
| 3 Yr | 5.7% * | -0.9% | 8.3% | 43.44% | 3 |
| 5 Yr | 6.0% * | 0.8% | 9.9% | 63.03% | 4 |
| 10 Yr | 5.0% * | 1.4% | 6.7% | 40.40% | 3 |
* Annualized
| Period | FFFDX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2015 | -5.4% | -33.1% | 1.2% | 41.99% | 3 |
| 2014 | N/A | 5.0% | 5.1% | N/A | N/A |
| 2013 | N/A | 23.3% | 24.9% | N/A | N/A |
| 2012 | N/A | 15.9% | 16.4% | N/A | N/A |
| 2011 | N/A | -2.7% | -2.4% | N/A | N/A |
| FFFDX | Category Low | Category High | FFFDX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Assets | 12 B | 342 K | 31.4 B | 0.83% | 1 |
| Number of Holdings | 26 | 2 | 9892 | 2.34% | 2 |
| Net Assets in Top 10 | 8.57 B | 286 K | 30.4 B | 0.88% | 1 |
| Weighting of Top 10 | 73.2% | 2.3% | 103.8% | 17.91% | 4 |
| Weighting | Category Low | Category High | FFFDX % Rank | Quintile | |
|---|---|---|---|---|---|
| Stocks | 60.52% | 0.34% | 97.58% | 15.73% | 3 |
| Bonds | 30.45% | -0.13% | 101.10% | 11.11% | 3 |
| Cash | 8.49% | -32.35% | 94.64% | 6.33% | 2 |
| Preferred Stocks | 0.41% | -0.02% | 7.79% | 1.04% | 1 |
| Convertible Bonds | 0.11% | 0.00% | 4.38% | 2.39% | 1 |
| Other | 0.02% | -1.71% | 47.06% | 13.40% | 5 |
| Weighting | Category Low | Category High | FFFDX % Rank | Quintile | |
|---|---|---|---|---|---|
| Technology | 10.86% | 0.02% | 21.09% | 9.56% | 3 |
| Financial Services | 10.46% | 0.18% | 17.43% | 10.49% | 3 |
| Healthcare | 7.98% | 0.04% | 17.25% | 10.29% | 3 |
| Consumer Cyclical | 7.94% | 0.03% | 15.84% | 10.65% | 3 |
| Industrials | 5.72% | 0.04% | 12.08% | 13.40% | 4 |
| Consumer Defense | 5.64% | 0.03% | 11.41% | 10.23% | 3 |
| Energy | 3.80% | 0.07% | 7.94% | 7.90% | 3 |
| Basic Materials | 2.13% | 0.03% | 7.27% | 10.65% | 4 |
| Communication Services | 2.00% | 0.04% | 5.22% | 9.04% | 4 |
| Real Estate | 1.89% | 0.03% | 18.29% | 14.39% | 4 |
| Utilities | 1.47% | 0.00% | 8.30% | 8.36% | 4 |
| Weighting | Category Low | Category High | FFFDX % Rank | Quintile | |
|---|---|---|---|---|---|
| US | 39.14% | 0.06% | 73.29% | 15.99% | 4 |
| Non US | 21.38% | 0.00% | 54.00% | 13.19% | 3 |
| Weighting | Category Low | Category High | FFFDX % Rank | Quintile | |
|---|---|---|---|---|---|
| Corporate | 16.17% | 0.00% | 53.64% | 5.66% | 1 |
| Cash & Equivalents | 8.47% | -46.20% | 94.64% | 6.91% | 2 |
| Government | 7.27% | -27.29% | 90.96% | 12.46% | 3 |
| Securitized | 6.81% | 0.00% | 25.32% | 10.12% | 2 |
| Municipal | 0.69% | 0.00% | 2.32% | 1.40% | 1 |
| Derivative | 0.02% | -30.52% | 57.07% | 1.51% | 1 |
| Weighting | Category Low | Category High | FFFDX % Rank | Quintile | |
|---|---|---|---|---|---|
| US | 26.58% | -4.11% | 90.96% | 10.12% | 2 |
| Non US | 3.87% | 0.00% | 25.33% | 10.49% | 3 |
| FFFDX Fees (% of AUM) | Category Low | Category High | Rank in Category (%) | Quintile | |
|---|---|---|---|---|---|
| Expense Ratio | 0.00% | 0.00% | 70.64% | 19.47% | 1 |
| Management Fee | 0.00% | 0.00% | 0.92% | 2.20% | 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 |
| FFFDX Fees (% of AUM) | Category Low | Category High | FFFDX Rank | Quintile | |
|---|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A | N/A |
| Deferred Load | N/A | 0.50% | 5.00% | N/A | N/A |
| 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 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 | 17.00% | 0.00% | 333.00% | 6.49% | 2 |
| FFFDX | Category Low | Category High | FFFDX % Rank | Quintile | |
|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.00% | 1.21% | 61.55% | 5 |
| FFFDX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Monthly | Annually |
| Date | Amount |
|---|---|
| May 05, 2014 | $0.042 |
| Dec 30, 2013 | $0.195 |
| May 13, 2013 | $0.033 |
| Dec 31, 2012 | $0.215 |
| May 14, 2012 | $0.039 |
| Dec 30, 2011 | $0.230 |
| May 12, 2011 | $0.034 |
| Dec 31, 2010 | $0.196 |
| May 10, 2010 | $0.085 |
| Dec 29, 2009 | $0.340 |
| Dec 28, 2009 | $0.340 |
| May 18, 2009 | $0.050 |
| May 15, 2009 | $0.050 |
| Dec 29, 2008 | $0.320 |
| Dec 26, 2008 | $0.320 |
| May 09, 2008 | $0.505 |
| Dec 31, 2007 | $0.540 |
| Dec 28, 2007 | $0.540 |
| May 04, 2007 | $0.500 |
| Dec 28, 2006 | $0.590 |
| May 12, 2006 | $0.280 |
| Dec 29, 2005 | $0.250 |
| May 13, 2005 | $0.075 |
| Apr 22, 2005 | $0.038 |
| Dec 30, 2004 | $0.220 |
| Dec 29, 2004 | $0.220 |
| May 17, 2004 | $0.075 |
| May 14, 2004 | $0.075 |
| Dec 26, 2003 | $0.220 |
| May 05, 2003 | $0.040 |
| Dec 30, 2002 | $0.170 |
| May 06, 2002 | $0.050 |
| Dec 31, 2001 | $0.190 |
| May 04, 2001 | $0.500 |
| Dec 29, 2000 | $0.630 |
| May 05, 2000 | $0.720 |
| Dec 22, 1999 | $0.660 |
| May 07, 1999 | $0.360 |
| Dec 30, 1998 | $0.380 |
| May 01, 1998 | $0.170 |
| Dec 29, 1997 | $0.420 |
| May 02, 1997 | $0.050 |
| Jan 01, 1900 | $0.085 |
| FFFDX | Category Low | Category High | FFFDX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Income Ratio | 1.83% | -0.93% | 10.75% | 9.92% | 2 |
| FFFDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Daily | Annually |
Manager
Start Date
Jun 30, 2011Tenure
5.09
Tenure Rank
1.2%
Andrew Dierdorf is a portfolio manager in the Global Asset Allocation group at Fidelity Investments and is responsible for managing Fidelity’s target date portfolios, including the Pyramis Lifecycle portfolios. He is also a co-manager for the Four in One Index Fund, Global Strategies Fund, and Tactical Strategies Fund. Andrew earned his Bachelor of Science degree in statistics from the University of Delaware, where he also minored in economics. He is a Chartered Financial Analyst charterholder.
Manager
Start Date
Jan 21, 2014Tenure
2.53
Tenure Rank
1.9%
Brett Sumsion is a portfolio manager within the Global Asset Allocation group at Fidelity Investments. Brett co-manages Fidelity Income Replacement Funds, Pyramis Lifecycle Funds, Fidelity ClearPath Retirement Portfolios, ClearPath Lifecycle Solutions and Fidelity Income Replacement Portfolios. Brett earned his Bachelor of Arts degree in economics from Brigham Young University and his MBA in finance from The Wharton School at the University of Pennsylvania.
Category Low
0.0
Category High
13.8
Category Average
4.96
Category Mode
1.6
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