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FFFEX Fidelity Freedom® 2030

  • Fund
  • FFFEX
  • Price as of: Jan 20, 2017
  • $16.07
  • + $0.03
  • + 0.19%
  • Category
  • Target Retirement Date

FFFEX - Profile

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 8.9%
  • Net Assets $10.7 B
  • Holdings in Top 10 74.2%

52 WEEK LOW AND HIGH

$16.07
$13.56
$16.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 16.00%

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 2030

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 8.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.59%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity Freedom® 2030 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 2030 Fund (FFFEX) is a target-date fund of funds. Using a specified glide path, FFFEX invests in 24 other 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 FFFEX approaches 2030, it will reduce its exposure to equities and increase its holdings in fixed-income securities.

Expenses for the fund are below average. Given its all-encompassing approach to retirement investing, FFFEX is perfect as a core option for investors looking to retire around the year 2030.

FFFEX - Performance

Return Ranking - Trailing

Period FFFEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.8% -40.4% 8.8% 23.94% 2
1 Yr 8.1% -20.8% 17.3% 23.26% 2
3 Yr 4.5% * -0.8% 6.5% 13.91% 1
5 Yr 8.9% * 0.5% 11.5% 39.32% 2
10 Yr 4.3% * 0.6% 5.9% 40.00% 3

* Annualized


Return Ranking - Calendar

Period FFFEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 3.8% -17.1% 8.3% 37.90% 3
2015 -5.7% -33.1% 7.6% 46.35% 3
2014 -1.0% -33.3% 21.0% 52.70% 4
2013 14.5% -8.5% 23.9% 38.05% 3
2012 10.8% -10.4% 15.8% 35.02% 2

Total Return Ranking - Trailing

Period FFFEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.8% -40.4% 8.8% 23.83% 2
1 Yr 8.1% -23.4% 21.2% 21.44% 2
3 Yr 4.5% * -2.0% 13.0% 13.41% 1
5 Yr 8.9% * -0.6% 11.5% 36.56% 2
10 Yr 4.3% * 0.0% 5.9% 37.45% 2

* Annualized


Total Return Ranking - Calendar

Period FFFEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 6.2% -17.1% 9.3% 15.15% 1
2015 0.0% -25.3% 7.9% 10.69% 1
2014 6.5% -4.8% 35.8% 32.39% 2
2013 22.6% -6.7% 49.0% 42.70% 3
2012 17.8% -13.8% 43.6% 43.74% 3

NAV & Total Return History

FFFEX - Holdings

Filings data as of: Nov 30, 2016

Concentration Analysis

FFFEX Category Low Category High FFFEX % Rank Quintile
Net Assets 10.7 B 336 K 32.2 B 0.99% 1
Number of Holdings 27 2 9892 2.70% 2
Net Assets in Top 10 7.82 B 178 K 32.4 B 1.14% 1
Weighting of Top 10 74.2% 2.3% 117.0% 17.39% 4

Top 10 Holdings

  1. Fidelity® Series Equity-Income 9.15%
  2. Fidelity® Series International Growth 7.66%
  3. Fidelity® Series International Value 8.01%
  4. Fidelity® Series Growth Company 7.58%
  5. Fidelity® Series Growth & Income 6.75%
  6. Fidelity® Series Emerging Markets 8.87%
  7. Fidelity® Series Investment Grade Bond 10.29%
  8. Fidelity® Series Stk Selec Lg Cp Val 6.26%
  9. Fidelity® Series Intrinsic Opps 5.28%
  10. Fidelity® Series Blue Chip Growth 4.35%

Asset Allocation

Weighting Category Low Category High FFFEX % Rank Quintile
Stocks
79.55% 0.39% 98.39% 9.71% 2
Bonds
14.52% -0.11% 101.10% 18.22% 4
Cash
5.32% -32.35% 97.05% 10.49% 2
Preferred Stocks
0.50% 0.00% 7.52% 0.67% 1
Convertible Bonds
0.08% 0.00% 4.38% 2.34% 1
Other
0.02% -2.06% 47.06% 15.21% 5

Stock Sector Breakdown

Weighting Category Low Category High FFFEX % Rank Quintile
Technology
15.12% 0.02% 23.77% 1.35% 1
Financial Services
14.29% 0.18% 17.43% 3.69% 1
Consumer Cyclical
10.31% 0.03% 15.53% 5.30% 2
Healthcare
9.89% 0.04% 19.51% 4.52% 1
Industrials
7.58% 0.04% 12.20% 9.92% 3
Consumer Defense
6.96% 0.03% 12.72% 6.08% 2
Energy
5.38% 0.07% 7.94% 3.22% 1
Basic Materials
2.95% 0.03% 7.62% 7.90% 3
Communication Services
2.42% 0.04% 4.81% 6.23% 3
Real Estate
2.39% 0.03% 20.76% 12.47% 3
Utilities
1.82% 0.00% 5.39% 7.01% 3

Stock Geographic Breakdown

Weighting Category Low Category High FFFEX % Rank Quintile
US
52.45% 0.06% 70.98% 9.87% 2
Non US
27.10% 0.00% 54.00% 8.26% 2

Bond Sector Breakdown

Weighting Category Low Category High FFFEX % Rank Quintile
Corporate
8.57% 0.00% 54.79% 14.59% 3
Cash & Equivalents
5.30% -46.20% 97.04% 10.49% 2
Government
3.88% -27.29% 91.11% 17.71% 4
Securitized
2.36% 0.00% 28.49% 17.19% 4
Municipal
0.28% 0.00% 9.54% 3.37% 2
Derivative
0.02% -30.52% 57.07% 1.66% 1

Bond Geographic Breakdown

Weighting Category Low Category High FFFEX % Rank Quintile
US
12.17% -4.11% 91.11% 17.71% 4
Non US
2.35% 0.00% 25.33% 15.78% 4

FFFEX - Expenses

Operational Fees

FFFEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.00% 0.00% 47.30% 17.29% 1
Management Fee 0.00% 0.00% 0.92% 2.82% 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

FFFEX Fees (% of AUM) Category Low Category High FFFEX 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

Trading Fees

FFFEX Fees (% of AUM) Category Low Category High FFFEX 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.

FFFEX Fees (% of AUM) Category Low Category High FFFEX Rank Quintile
Turnover 16.00% 0.00% 333.00% 6.18% 2

FFFEX - Distributions

Dividend Yield Analysis

FFFEX Category Low Category High FFFEX % Rank Quintile
Dividend Yield 0.0% 0.00% 1.21% 65.95% 5

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FFFEX Category Low Category High FFFEX % Rank Quintile
Net Income Ratio 1.59% -0.93% 10.20% 10.96% 3

Capital Gain Distribution Analysis

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

FFFEX - Managers

Andrew Dierdorf

Manager

Start Date

Jun 30, 2011

Tenure

5.51

Tenure Rank

1.3%

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

2.95

Tenure Rank

1.9%

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

14.3

Category Average

4.99

Category Mode

2.0