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FFKHX Fidelity Freedom K® 2050

  • Fund
  • FFKHX
  • Price as of: Aug 08, 2016
  • $15.89
  • + $0.01
  • + 0.06%
  • Category
  • Target Retirement Date

FFKHX - Profile

Vitals

  • YTD Return -1.1%
  • 3 Yr Annualized Return 6.9%
  • 5 Yr Annualized Return 7.5%
  • Net Assets $5.73 B
  • Holdings in Top 10 76.8%

52 WEEK LOW AND HIGH

$15.89
$14.46
$16.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.05%

SALES FEES

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

BROKERAGE FEES

  • Turnover 15.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.61%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity Freedom K® 2050 Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Jul 02, 2009
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Andrew Dierdorf

Fund Description

The fund invests in a combination of Fidelity® domestic equity funds, international equity funds (developed and emerging markets), bond funds, and short-term funds. It uses an asset allocation strategy that becomes increasingly conservative until it reaches an allocation similar to that of the Fidelity Freedom® K Income Fund (approximately 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds, and 30% in short-term funds (approximately 10 to 19 years after the year 2050)).

FFKHX - Performance

Return Ranking - Trailing

Period FFKHX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.1% -40.4% 17.0% 78.95% 5
1 Yr 0.4% -7.2% 17.3% 67.13% 4
3 Yr 6.9% * 0.4% 8.3% 12.68% 1
5 Yr 7.5% * 1.2% 9.9% 28.38% 2
10 Yr N/A * 1.9% 6.7% N/A N/A

* Annualized


Return Ranking - Calendar

Period FFKHX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.6% -33.1% 1.2% 3.05% 1
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

Total Return Ranking - Trailing

Period FFKHX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.1% -40.4% 17.0% 79.12% 5
1 Yr 0.4% -11.0% 17.3% 56.65% 3
3 Yr 6.9% * -0.9% 8.3% 11.46% 1
5 Yr 7.5% * 0.8% 9.9% 26.44% 2
10 Yr N/A * 1.4% 6.7% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period FFKHX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.6% -33.1% 1.2% 3.05% 1
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

NAV & Total Return History

FFKHX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FFKHX Category Low Category High FFKHX % Rank Quintile
Net Assets 5.73 B 342 K 31.4 B 2.13% 1
Number of Holdings 26 2 9892 2.34% 2
Net Assets in Top 10 4.22 B 286 K 30.4 B 1.97% 1
Weighting of Top 10 76.8% 2.3% 103.8% 15.47% 3

Top 10 Holdings

  1. Fidelity® Series Equity-Income F 9.67%
  2. Fidelity® Series International Growth F 9.16%
  3. Fidelity® Series International Value F 9.08%
  4. Fidelity® Series Growth Company F 8.33%
  5. Fidelity® Series All-Sector Equity F 7.00%
  6. Fidelity® Series Growth & Income F 7.18%
  7. Fidelity® Series Emerging Markets F 9.66%
  8. Fidelity® Series Blue Chip Growth F 4.78%
  9. Fidelity® Series Stk Selec Lg Cp Val F 6.40%
  10. Fidelity® Series Intrinsic Oppos F 5.55%

Asset Allocation

Weighting Category Low Category High FFKHX % Rank Quintile
Stocks
90.26% 0.34% 97.58% 1.19% 1
Bonds
4.79% -0.13% 101.10% 24.71% 5
Cash
4.32% -32.35% 94.64% 14.49% 4
Preferred Stocks
0.52% -0.02% 7.79% 0.67% 1
Convertible Bonds
0.09% 0.00% 4.38% 2.49% 2
Other
0.03% -1.71% 47.06% 13.34% 5

Stock Sector Breakdown

Weighting Category Low Category High FFKHX % Rank Quintile
Technology
16.08% 0.02% 21.09% 0.36% 1
Financial Services
15.54% 0.18% 17.43% 0.78% 1
Healthcare
12.10% 0.04% 17.25% 1.35% 1
Consumer Cyclical
11.94% 0.03% 15.84% 1.35% 1
Industrials
8.60% 0.04% 12.08% 7.22% 2
Consumer Defense
8.46% 0.03% 11.41% 2.03% 1
Energy
5.65% 0.07% 7.94% 1.61% 1
Basic Materials
3.14% 0.03% 7.27% 6.60% 3
Communication Services
2.94% 0.04% 5.22% 4.78% 2
Real Estate
2.78% 0.03% 18.29% 11.22% 3
Utilities
2.18% 0.00% 8.30% 5.25% 3

Stock Geographic Breakdown

Weighting Category Low Category High FFKHX % Rank Quintile
US
59.16% 0.06% 73.29% 3.69% 1
Non US
31.10% 0.00% 54.00% 2.91% 1

Bond Sector Breakdown

Weighting Category Low Category High FFKHX % Rank Quintile
Cash & Equivalents
4.30% -46.20% 94.64% 14.85% 4
Corporate
4.08% 0.00% 53.64% 19.26% 4
Government
1.01% -27.29% 90.96% 22.01% 5
Securitized
0.27% 0.00% 25.32% 21.08% 5
Municipal
0.03% 0.00% 2.32% 4.52% 4
Derivative
0.02% -30.52% 57.07% 1.51% 1

Bond Geographic Breakdown

Weighting Category Low Category High FFKHX % Rank Quintile
US
3.43% -4.11% 90.96% 23.88% 5
Non US
1.36% 0.00% 25.33% 17.76% 5

FFKHX - Expenses

Operational Fees

FFKHX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.05% 0.00% 70.64% 19.31% 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

Sales Fees

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

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

FFKHX Fees (% of AUM) Category Low Category High FFKHX Rank Quintile
Turnover 15.00% 0.00% 333.00% 6.96% 2

FFKHX - Distributions

Dividend Yield Analysis

FFKHX Category Low Category High FFKHX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.21% 4.34% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FFKHX Category Low Category High FFKHX % Rank Quintile
Net Income Ratio 1.61% -0.93% 10.75% 11.06% 3

Capital Gain Distribution Analysis

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

FFKHX - Managers

Andrew Dierdorf

Manager

Start Date

Jun 30, 2011

Tenure

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.


Brett F. Sumsion

Manager

Start Date

Jan 17, 2014

Tenure

2.54

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.


Tenure Analysis

Category Low

0.0

Category High

13.8

Category Average

4.96

Category Mode

1.6