Fidelity Freedom® Blend 2065 Fund
- FAXDX
- Price as of: Jan 20, 2021
-
$12.39
N/A N/A
- Primary Theme
- Target-Date 2060+
- Fund Company
- Fidelity Investments
- Share Class
FAXDX - Snapshot
Vitals
- YTD Return 4.3%
- 3 Yr Annualized Return N/A
- 5 Yr Annualized Return N/A
- Net Assets $9 M
- Holdings in Top 10 82.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.55%
SALES FEES
- Front Load N/A
- Deferred Load 1.00%
BROKERAGE FEES
- Turnover 29.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
Target-Date 2060+
- Fund Type Open End Mutual Fund
- Investment Style Target-Date 2060+
FAXDX - Profile
Distributions
- YTD Total Return 4.3%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.03%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameFidelity Freedom® Blend 2065 Fund
-
Fund Family NameFidelity Investments
-
Inception DateJun 28, 2019
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAndrew 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 Freedom® Blend Income Fund, approximately 10 to 19 years after the year 2065.
FAXDX - Performance
Return Ranking - Trailing
Period | FAXDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.3% | 2.7% | 4.6% | 24.63% |
1 Yr | 16.7% | 6.9% | 21.2% | 35.07% |
3 Yr | N/A* | 6.3% | 12.1% | N/A |
5 Yr | N/A* | 9.3% | 13.3% | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | FAXDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 13.3% | -3.3% | 18.9% | 37.40% |
2019 | N/A | 11.7% | 29.3% | N/A |
2018 | N/A | -23.9% | -7.8% | N/A |
2017 | N/A | 13.0% | 20.8% | N/A |
2016 | N/A | 1.7% | 8.6% | N/A |
Total Return Ranking - Trailing
Period | FAXDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.3% | 2.7% | 4.6% | 24.63% |
1 Yr | 15.7% | 3.7% | 21.2% | 47.17% |
3 Yr | N/A* | 5.3% | 12.1% | N/A |
5 Yr | N/A* | 8.6% | 13.3% | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FAXDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 13.3% | -3.3% | 18.9% | 37.40% |
2019 | N/A | 11.7% | 29.3% | N/A |
2018 | N/A | -23.9% | -5.7% | N/A |
2017 | N/A | 14.1% | 22.7% | N/A |
2016 | N/A | 1.7% | 11.0% | N/A |
NAV & Total Return History
FAXDX - Holdings
Concentration Analysis
FAXDX | Category Low | Category High | FAXDX % Rank | |
---|---|---|---|---|
Net Assets | 9 M | 80.5 K | 6.98 B | 57.34% |
Number of Holdings | 29 | 1 | 489 | 11.21% |
Net Assets in Top 10 | 6.33 M | 80.5 K | 6.92 B | 60.06% |
Weighting of Top 10 | 82.06% | 36.3% | 100.0% | 66.77% |
Top 10 Holdings
- Fidelity® Series Large Cap Value Index 14.70%
- Fidelity® Series Emerging Markets Opps 14.18%
- Fidelity® Series Blue Chip Growth 11.06%
- Fidelity® Series Large Cap Stock 7.75%
- Fidelity® Series Large Cp Grwth Idx 6.94%
- Fidelity® Series International Value 6.24%
- Fidelity® Series Overseas 6.09%
- Fidelity® Series International Growth 6.03%
- Fidelity® Series Value Discovery 5.32%
- Fidelity® Series Small Cap Opps 3.75%
Asset Allocation
Weighting | Return Low | Return High | FAXDX % Rank | |
---|---|---|---|---|
Stocks | 89.35% | 70.15% | 98.52% | 60.92% |
Bonds | 5.64% | 0.00% | 86.61% | 39.94% |
Cash | 4.13% | -80.37% | 15.05% | 30.17% |
Other | 0.70% | -0.07% | 8.19% | 12.93% |
Preferred Stocks | 0.13% | 0.00% | 0.32% | 32.76% |
Convertible Bonds | 0.06% | 0.00% | 0.91% | 44.83% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FAXDX % Rank | |
---|---|---|---|---|
Technology | 18.94% | 15.27% | 21.86% | 63.51% |
Financial Services | 16.01% | 11.37% | 17.26% | 10.06% |
Consumer Cyclical | 13.46% | 9.38% | 13.46% | 0.29% |
Healthcare | 12.11% | 9.69% | 17.12% | 77.59% |
Industrials | 10.62% | 9.15% | 14.84% | 56.90% |
Communication Services | 9.62% | 6.42% | 11.41% | 23.56% |
Consumer Defense | 6.45% | 4.80% | 12.35% | 79.02% |
Basic Materials | 4.73% | 2.40% | 5.44% | 24.71% |
Energy | 3.08% | 1.63% | 3.50% | 9.77% |
Utilities | 2.66% | 0.80% | 4.56% | 79.31% |
Real Estate | 2.32% | 1.90% | 9.03% | 84.20% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FAXDX % Rank | |
---|---|---|---|---|
US | 47.76% | 37.13% | 74.70% | 86.49% |
Non US | 41.59% | 18.49% | 53.13% | 9.77% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FAXDX % Rank | |
---|---|---|---|---|
Government | 45.33% | 0.00% | 71.77% | 8.62% |
Cash & Equivalents | 41.26% | 1.90% | 99.45% | 41.38% |
Corporate | 11.73% | 0.09% | 70.06% | 78.16% |
Securitized | 1.21% | 0.00% | 32.30% | 89.66% |
Derivative | 0.47% | 0.00% | 28.35% | 37.64% |
Municipal | 0.01% | 0.00% | 3.22% | 71.26% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FAXDX % Rank | |
---|---|---|---|---|
US | 5.00% | 0.00% | 47.43% | 38.22% |
Non US | 0.64% | 0.00% | 39.18% | 55.75% |
FAXDX - Expenses
Operational Fees
FAXDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.55% | 0.02% | 35.30% | 31.62% |
Management Fee | 0.54% | 0.00% | 0.94% | 83.29% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 92.63% |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
FAXDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 4.00% | 21.74% |
Trading Fees
FAXDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
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.
FAXDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 29.00% | 1.00% | 208.00% | 46.47% |
FAXDX - Distributions
Dividend Yield Analysis
FAXDX | Category Low | Category High | FAXDX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.52% | 41.71% |
Dividend Distribution Analysis
FAXDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
FAXDX | Category Low | Category High | FAXDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.03% | -0.42% | 8.75% | 81.07% |
Capital Gain Distribution Analysis
FAXDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
FAXDX - Fund Manager Analysis
Managers
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Jun 28, 2019
1.51
1.5%
Andrew Dierdorf is co-manager of each fund, which he has managed since October 2009 (other than Fidelity Freedom® Index 2055 Fund, Fidelity Freedom® Index 2060 Fund, and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2055 Fund since June 2011, Fidelity Freedom® Index 2060 Fund since August 2014, and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Dierdorf has worked as a portfolio manager.
Brett Sumsion
Start Date
Tenure
Tenure Rank
Jun 28, 2019
1.51
1.5%
Brett Sumsion is co-manager of each fund, which he has managed since January 2014 (other than Fidelity Freedom® Index 2060 Fund and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2060 Fund since August 2014 and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2014, Mr. Sumsion has worked as a portfolio manager. 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 | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 7.86 | 2.47 | 1.0 |