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FFFPX Fidelity Advisor Freedom® 2050 I

  • Fund
  • FFFPX
  • Price as of: Jul 13, 2018
  • $12.18
  • + $0.02
  • + 0.16%
  • Category
  • Target Retirement Date

FFFPX - Profile

Vitals

  • YTD Return -1.0%
  • 3 Yr Annualized Return 8.5%
  • 5 Yr Annualized Return 9.7%
  • Net Assets $1.12 B
  • Holdings in Top 10 74.0%

52 WEEK LOW AND HIGH

$12.18
$11.65
$13.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

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

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$500

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2050

Distributions

  • YTD Total Return -1.0%
  • 3 Yr Annualized Total Return 8.5%
  • 5 Yr Annualized Total Return 9.7%
  • Capital Gain Distribution Frequency Semi-Monthly
  • Net Income Ratio 1.03%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity Advisor Freedom® 2050 Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Jun 01, 2006
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Andrew Dierdorf

Fund Description

The fund invests primarily in a combination of Fidelity® domestic equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity ® funds). It allocates assets according to a neutral asset allocation strategy that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund.

FFFPX - Performance

Return Ranking - Trailing

Period FFFPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.0% -40.4% 434.9% 76.65% 5
1 Yr 10.9% -20.8% 23.5% 12.96% 1
3 Yr 8.5% * -1.6% 9.9% 8.45% 1
5 Yr 9.7% * -0.1% 11.3% 10.20% 1
10 Yr 6.5% * 0.1% 8.5% 25.91% 2

* Annualized


Return Ranking - Calendar

Period FFFPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 16.3% -36.9% 20.0% 17.30% 1
2016 3.2% -33.1% 8.3% 49.06% 3
2015 -5.4% -33.3% 21.0% 42.38% 3
2014 -3.0% -12.7% 21.3% 72.83% 5
2013 14.2% -10.4% 23.9% 38.95% 3

Total Return Ranking - Trailing

Period FFFPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.0% -100.0% 434.9% 75.52% 5
1 Yr 10.9% -23.4% 23.5% 12.23% 1
3 Yr 8.5% * -1.3% 13.0% 8.33% 1
5 Yr 9.7% * -1.3% 11.3% 9.80% 1
10 Yr 6.5% * -0.5% 8.5% 24.20% 2

* Annualized


Total Return Ranking - Calendar

Period FFFPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 16.3% -36.9% 20.0% 17.30% 1
2016 6.8% -11.5% 9.3% 9.59% 1
2015 -1.7% -25.3% 35.8% 56.69% 4
2014 6.3% -6.7% 47.1% 41.17% 3
2013 28.1% -13.8% 49.0% 16.62% 1

NAV & Total Return History

FFFPX - Holdings

Filings data as of: May 31, 2018

Concentration Analysis

FFFPX Category Low Category High FFFPX % Rank Quintile
Net Assets 1.12 B 436 K 40.6 B 8.15% 2
Number of Holdings 31 2 9892 2.39% 2
Net Assets in Top 10 827 M 178 K 40.6 B 7.89% 2
Weighting of Top 10 74.0% 2.3% 116.6% 17.50% 4

Top 10 Holdings

  1. Fidelity Advisor® Ser Equity-Income 7.39%
  2. Fidelity® Series International Growth 8.70%
  3. Fidelity® Series International Value 8.66%
  4. Fidelity Advisor® Series Growth & Income 11.60%
  5. Fidelity® Series All-Sector Equity 4.50%
  6. Fidelity Advisor® Ser Stk Sel Lg Cp Val 7.52%
  7. Fidelity® Series Emerging Markets Opps 8.16%
  8. Fidelity Advisor® Series Equity Gr 6.71%
  9. Fidelity Advisor® Series Growth Opps 4.49%
  10. Fidelity Advisor® Ser Oppc Insights 6.26%

Asset Allocation

Weighting Category Low Category High FFFPX % Rank Quintile
Stocks
86.31% 0.07% 98.45% 5.30% 1
Cash
6.57% -48.01% 97.05% 9.35% 2
Bonds
6.50% 0.00% 101.10% 25.80% 5
Preferred Stocks
0.46% 0.00% 19.89% 1.30% 1
Other
0.10% -3.74% 47.63% 13.19% 5
Convertible Bonds
0.06% 0.00% 4.38% 3.12% 2

Stock Sector Breakdown

Weighting Category Low Category High FFFPX % Rank Quintile
Financial Services
18.82% 0.18% 18.85% 0.16% 1
Technology
17.33% 0.02% 19.41% 0.57% 1
Consumer Cyclical
9.40% 0.03% 15.10% 7.48% 2
Healthcare
9.13% 0.04% 16.97% 6.19% 2
Industrials
8.49% 0.04% 12.76% 8.16% 2
Energy
6.62% 0.07% 8.23% 0.57% 1
Consumer Defense
5.70% 0.03% 12.55% 7.85% 2
Basic Materials
3.99% 0.03% 7.10% 4.68% 2
Real Estate
2.35% 0.03% 18.75% 11.33% 3
Communication Services
2.31% 0.04% 4.23% 5.09% 2
Utilities
1.39% 0.01% 4.64% 8.84% 4

Stock Geographic Breakdown

Weighting Category Low Category High FFFPX % Rank Quintile
US
55.71% 0.06% 65.26% 4.57% 1
Non US
30.60% 0.00% 54.00% 6.02% 2

Bond Sector Breakdown

Weighting Category Low Category High FFFPX % Rank Quintile
Cash & Equivalents
6.71% -46.89% 97.04% 8.46% 2
Government
4.20% -27.29% 91.78% 19.99% 4
Corporate
2.50% 0.00% 53.64% 23.26% 5
Securitized
0.29% 0.00% 63.66% 23.05% 5
Municipal
0.01% 0.00% 7.56% 4.15% 5
Derivative
-0.14% -30.52% 57.07% 4.15% 5

Bond Geographic Breakdown

Weighting Category Low Category High FFFPX % Rank Quintile
US
5.61% -4.11% 93.84% 24.66% 5
Non US
0.89% -1.10% 25.33% 20.20% 5

FFFPX - Expenses

Operational Fees

FFFPX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.64% 0.00% 14.71% 12.88% 3
Management Fee 0.75% 0.00% 0.94% 0.68% 5
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

FFFPX Fees (% of AUM) Category Low Category High FFFPX Rank Quintile
Front Load N/A 2.50% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.00% N/A N/A

Trading Fees

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

FFFPX Fees (% of AUM) Category Low Category High FFFPX Rank Quintile
Turnover 20.00% 0.00% 333.00% 6.39% 2

FFFPX - Distributions

Dividend Yield Analysis

FFFPX Category Low Category High FFFPX % Rank Quintile
Dividend Yield 0.0% 0.00% 1.21% 68.17% 5

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FFFPX Category Low Category High FFFPX % Rank Quintile
Net Income Ratio 1.03% -1.00% 7.13% 12.16% 4

Capital Gain Distribution Analysis

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

FFFPX - Managers

Andrew Dierdorf

Manager

Start Date

Jun 30, 2011

Tenure

7.01

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

4.44

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

15.7

Category Average

5.42

Category Mode

0.1