Fidelity Freedom® Blend 2065 Fund
- FAXEX
- Price as of: Apr 09, 2021
-
$12.95
N/A N/A
- Primary Theme
- Target-Date 2060+
- Fund Company
- Fidelity Investments
- Share Class
FAXEX - Snapshot
Vitals
- YTD Return 7.8%
- 3 Yr Annualized Return N/A
- 5 Yr Annualized Return N/A
- Net Assets $12.8 M
- Holdings in Top 10 81.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.05%
SALES FEES
- Front Load 3.50%
- Deferred Load N/A
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+
FAXEX - Profile
Distributions
- YTD Total Return 7.8%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.53%
- 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 ClassM
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBrett Sumsion
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.
FAXEX - Performance
Return Ranking - Trailing
Period | FAXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.8% | 3.9% | 10.4% | 76.12% |
1 Yr | 54.9% | 30.7% | 65.2% | 45.96% |
3 Yr | N/A* | 8.7% | 13.7% | N/A |
5 Yr | N/A* | 10.3% | 14.1% | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | FAXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 13.5% | -3.3% | 18.9% | 35.48% |
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 | FAXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.8% | 3.9% | 10.4% | 76.12% |
1 Yr | 49.5% | 30.7% | 65.2% | 79.79% |
3 Yr | N/A* | 7.7% | 13.7% | N/A |
5 Yr | N/A* | 9.6% | 14.1% | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FAXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 13.5% | -3.3% | 18.9% | 35.48% |
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
FAXEX - Holdings
Concentration Analysis
FAXEX | Category Low | Category High | FAXEX % Rank | |
---|---|---|---|---|
Net Assets | 12.8 M | 60.7 K | 7.18 B | 52.82% |
Number of Holdings | 29 | 4 | 494 | 9.78% |
Net Assets in Top 10 | 9.06 M | 85.9 K | 7.08 B | 55.87% |
Weighting of Top 10 | 81.53% | 38.8% | 100.0% | 65.76% |
Top 10 Holdings
- Fidelity® Series Large Cap Value Index 15.13%
- Fidelity® Series Emerging Markets Opps 14.27%
- Fidelity® Series Blue Chip Growth 10.70%
- Fidelity® Series Large Cap Stock 7.93%
- Fidelity® Series Large Cp Grwth Idx 6.71%
- Fidelity® Series International Value 6.01%
- Fidelity® Series Overseas 5.81%
- Fidelity® Series International Growth 5.72%
- Fidelity® Series Value Discovery 5.48%
- Fidelity® Series Small Cap Opps 3.80%
Asset Allocation
Weighting | Return Low | Return High | FAXEX % Rank | |
---|---|---|---|---|
Stocks | 88.30% | 47.53% | 98.58% | 67.88% |
Bonds | 6.00% | 0.00% | 92.57% | 42.18% |
Cash | 4.84% | -87.22% | 50.24% | 23.46% |
Other | 0.68% | -0.05% | 11.40% | 12.85% |
Preferred Stocks | 0.13% | 0.00% | 0.36% | 36.87% |
Convertible Bonds | 0.05% | 0.00% | 0.83% | 59.50% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FAXEX % Rank | |
---|---|---|---|---|
Technology | 19.49% | 15.44% | 22.08% | 55.31% |
Financial Services | 17.03% | 11.84% | 17.92% | 15.92% |
Consumer Cyclical | 12.71% | 9.27% | 14.14% | 41.06% |
Industrials | 11.37% | 9.15% | 15.26% | 32.96% |
Healthcare | 10.92% | 9.80% | 17.12% | 86.87% |
Communication Services | 9.23% | 6.12% | 11.41% | 37.99% |
Consumer Defense | 5.65% | 4.74% | 11.70% | 83.80% |
Basic Materials | 5.09% | 2.40% | 5.65% | 13.13% |
Energy | 3.78% | 1.65% | 4.03% | 2.23% |
Real Estate | 2.39% | 1.82% | 8.98% | 81.84% |
Utilities | 2.34% | 0.61% | 4.39% | 84.92% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FAXEX % Rank | |
---|---|---|---|---|
US | 47.66% | 30.59% | 75.77% | 87.71% |
Non US | 40.64% | 16.94% | 51.79% | 13.41% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FAXEX % Rank | |
---|---|---|---|---|
Government | 45.40% | 0.00% | 81.78% | 13.13% |
Cash & Equivalents | 43.70% | 2.08% | 99.01% | 32.40% |
Corporate | 9.65% | 0.10% | 70.06% | 89.66% |
Securitized | 0.83% | 0.00% | 30.02% | 91.62% |
Derivative | 0.42% | 0.00% | 31.92% | 30.45% |
Municipal | 0.00% | 0.00% | 3.84% | 79.33% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FAXEX % Rank | |
---|---|---|---|---|
US | 5.23% | 0.00% | 50.07% | 38.27% |
Non US | 0.77% | 0.00% | 42.50% | 51.12% |
FAXEX - Expenses
Operational Fees
FAXEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.05% | 0.02% | 35.30% | 43.18% |
Management Fee | 0.54% | 0.00% | 0.94% | 81.89% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 70.16% |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
FAXEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.50% | 3.50% | 5.75% | 94.74% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
FAXEX 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.
FAXEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 29.00% | 3.00% | 208.00% | 46.82% |
FAXEX - Distributions
Dividend Yield Analysis
FAXEX | Category Low | Category High | FAXEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.45% | 34.32% |
Dividend Distribution Analysis
FAXEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
FAXEX | Category Low | Category High | FAXEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.53% | -0.04% | 8.75% | 53.85% |
Capital Gain Distribution Analysis
FAXEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Semi-Annually |
FAXEX - Fund Manager Analysis
Managers
Brett Sumsion
Start Date
Tenure
Tenure Rank
Jun 28, 2019
1.76
1.8%
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.
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Jun 28, 2019
1.76
1.8%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.06 | 8.11 | 2.37 | 1.25 |