FAXEX: Fidelity Freedom® Blend 2065 Fund - MutualFunds.com
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Fidelity Freedom® Blend 2065 Fund

FAXEX - Snapshot

Vitals

  • YTD Return 3.0%
  • 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

$12.40
$7.46
$12.40

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+

Compare FAXEX to Popular Target-Date 2060+ Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Target Retirement 2060 Fund

Fund

$44.59

+0.09%

$6.98 B

1.53%

$0.68

2.29%

-

Vanguard Institutional Target Retirement 2060 Fund

Fund

$30.83

+0.10%

$4.79 B

1.53%

$0.47

2.29%

-

American Funds 2060 Target Date Retirement Fund®

Fund

$16.06

+0.25%

$3.92 B

0.57%

$0.09

2.16%

-

Fidelity Freedom® 2060 Fund

Fund

$14.54

0.00%

$2.76 B

1.00%

$0.15

3.27%

-

T. Rowe Price Retirement 2060 Fund

Fund

$14.97

0.00%

$1.36 B

0.60%

$0.09

2.53%

-

FAXEX - Profile

Distributions

  • YTD Total Return 3.0%
  • 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%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Fidelity Freedom® Blend 2065 Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jun 28, 2019
  • Shares Outstanding
    N/A
  • Share Class
    M
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brett 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 3.0% 1.8% 3.3% 7.92%
1 Yr 17.2% 6.9% 21.2% 29.48%
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 FAXEX Return Category Return Low Category Return High Rank in Category (%)
2020 13.5% -3.3% 18.9% 35.83%
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 3.0% 1.8% 3.3% 7.92%
1 Yr 13.1% 3.7% 21.2% 73.96%
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 FAXEX Return Category Return Low Category Return High Rank in Category (%)
2020 13.5% -3.3% 18.9% 35.83%
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 9 M 80.5 K 6.98 B 57.91%
Number of Holdings 29 1 489 12.02%
Net Assets in Top 10 6.33 M 80.5 K 6.56 B 60.12%
Weighting of Top 10 82.06% 36.3% 100.0% 62.54%

Top 10 Holdings

  1. Fidelity® Series Large Cap Value Index 14.70%
  2. Fidelity® Series Emerging Markets Opps 14.18%
  3. Fidelity® Series Blue Chip Growth 11.06%
  4. Fidelity® Series Large Cap Stock 7.75%
  5. Fidelity® Series Large Cp Grwth Idx 6.94%
  6. Fidelity® Series International Value 6.24%
  7. Fidelity® Series Overseas 6.09%
  8. Fidelity® Series International Growth 6.03%
  9. Fidelity® Series Value Discovery 5.32%
  10. Fidelity® Series Small Cap Opps 3.75%

Asset Allocation

Weighting Return Low Return High FAXEX % Rank
Stocks 		89.35% 70.64% 98.52% 58.36%
Bonds 		5.64% 0.00% 101.28% 45.45%
Cash 		4.13% -99.72% 18.84% 33.72%
Other 		0.70% -1.21% 5.56% 11.73%
Preferred Stocks 		0.13% 0.00% 0.31% 33.14%
Convertible Bonds 		0.06% 0.00% 0.99% 48.39%

Stock Sector Breakdown

Weighting Return Low Return High FAXEX % Rank
Technology 		18.94% 15.27% 21.86% 62.17%
Financial Services 		16.01% 11.37% 17.26% 10.85%
Consumer Cyclical 		13.46% 9.38% 13.46% 0.88%
Healthcare 		12.11% 10.08% 18.09% 80.65%
Industrials 		10.62% 8.87% 14.84% 55.72%
Communication Services 		9.62% 6.42% 11.27% 27.27%
Consumer Defense 		6.45% 5.11% 12.35% 81.52%
Basic Materials 		4.73% 2.08% 5.48% 23.46%
Energy 		3.08% 1.63% 3.59% 19.35%
Utilities 		2.66% 0.80% 4.56% 79.77%
Real Estate 		2.32% 1.90% 9.04% 90.91%

Stock Geographic Breakdown

Weighting Return Low Return High FAXEX % Rank
US 		47.76% 36.18% 74.70% 86.80%
Non US 		41.59% 18.49% 52.36% 10.56%

Bond Sector Breakdown

Weighting Return Low Return High FAXEX % Rank
Government 		45.33% 0.00% 71.77% 9.97%
Cash & Equivalents 		41.26% 1.00% 99.45% 41.64%
Corporate 		11.73% 0.10% 62.14% 77.13%
Securitized 		1.21% 0.00% 30.34% 90.62%
Derivative 		0.47% 0.00% 25.67% 36.07%
Municipal 		0.01% 0.00% 2.85% 73.61%

Bond Geographic Breakdown

Weighting Return Low Return High FAXEX % Rank
US 		5.00% 0.00% 69.13% 39.59%
Non US 		0.64% 0.00% 32.15% 56.60%

FAXEX - Expenses

Operational Fees

FAXEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.02% 24.58% 41.27%
Management Fee 0.54% 0.00% 0.94% 83.84%
12b-1 Fee 0.50% 0.00% 1.00% 75.26%
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% 97.14%
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% 1.00% 208.00% 47.21%

FAXEX - Distributions

Dividend Yield Analysis

FAXEX Category Low Category High FAXEX % Rank
Dividend Yield 0.00% 0.00% 1.54% 53.31%

Dividend Distribution Analysis

FAXEX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

FAXEX Category Low Category High FAXEX % Rank
Net Income Ratio 1.53% -0.42% 8.75% 57.14%

Capital Gain Distribution Analysis

FAXEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

FAXEX - Fund Manager Analysis

Managers

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 7.86 2.47 1.0

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