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Mutual Funds Weekly Roundup: August 2
Brian Mathews
|
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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.
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| Period | FAXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -4.3% | -50.9% | 20.7% | 39.72% |
| 1 Yr | N/A | -59.4% | 25.4% | N/A |
| 3 Yr | N/A* | -34.8% | 25.7% | N/A |
| 5 Yr | N/A* | -23.0% | 21.3% | N/A |
| 10 Yr | N/A* | -8.8% | 18.3% | N/A |
* Annualized
| Period | FAXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | N/A | -22.7% | 66.4% | N/A |
| 2018 | N/A | -64.5% | 6.7% | N/A |
| 2017 | N/A | -38.9% | 80.9% | N/A |
| 2016 | N/A | -26.1% | 25.7% | N/A |
| 2015 | N/A | -42.3% | 13.2% | N/A |
| Period | FAXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -4.3% | -50.9% | 20.7% | 39.72% |
| 1 Yr | N/A | -59.4% | 25.4% | N/A |
| 3 Yr | N/A* | -29.3% | 25.7% | N/A |
| 5 Yr | N/A* | -19.6% | 21.3% | N/A |
| 10 Yr | N/A* | -6.7% | 18.3% | N/A |
* Annualized
| Period | FAXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | N/A | -21.6% | 66.4% | N/A |
| 2018 | N/A | -64.5% | 6.7% | N/A |
| 2017 | N/A | -20.0% | 80.9% | N/A |
| 2016 | N/A | -23.9% | 32.0% | N/A |
| 2015 | N/A | -34.5% | 13.2% | N/A |
| FAXEX | Category Low | Category High | FAXEX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.29 M | 77.6 K | 49.7 B | 91.92% |
| Number of Holdings | 28 | 1 | 8563 | 36.04% |
| Net Assets in Top 10 | 3.11 M | -112 M | 29.4 B | 91.69% |
| Weighting of Top 10 | 79.85% | 10.4% | 109.6% | 46.37% |
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| Stocks | 85.75% | 80.12% | 259.02% | 72.35% |
| Cash | 7.66% | -108.02% | 57.95% | 17.11% |
| Bonds | 6.28% | -235.37% | 18.69% | 44.40% |
| Other | 0.15% | -2.38% | 15.80% | 23.79% |
| Preferred Stocks | 0.11% | 0.00% | 6.43% | 28.94% |
| Convertible Bonds | 0.04% | 0.00% | 8.12% | 48.54% |
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| Technology | 18.14% | 0.00% | 51.17% | 37.28% |
| Financial Services | 17.99% | 0.00% | 49.38% | 10.81% |
| Healthcare | 13.82% | 0.00% | 46.51% | 51.85% |
| Consumer Cyclical | 10.72% | 0.00% | 32.90% | 33.15% |
| Industrials | 10.08% | 0.00% | 47.20% | 56.83% |
| Communication Services | 8.64% | 0.00% | 39.70% | 44.87% |
| Consumer Defense | 6.93% | 0.00% | 32.33% | 66.18% |
| Basic Materials | 4.60% | 0.00% | 36.18% | 21.31% |
| Energy | 4.34% | 0.00% | 85.32% | 22.10% |
| Real Estate | 2.63% | 0.00% | 90.12% | 78.45% |
| Utilities | 2.12% | 0.00% | 83.02% | 82.64% |
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| US | 46.39% | -0.53% | 78.64% | 76.94% |
| Non US | 39.36% | 18.74% | 207.18% | 30.40% |
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 54.13% | -0.83% | 100.00% | 33.88% |
| Government | 35.66% | 0.00% | 100.00% | 13.99% |
| Corporate | 8.84% | 0.00% | 82.78% | 66.30% |
| Securitized | 1.04% | 0.00% | 53.54% | 63.75% |
| Derivative | 0.32% | -0.66% | 89.79% | 30.23% |
| Municipal | 0.00% | 0.00% | 38.51% | 71.17% |
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| US | 5.58% | -47.62% | 16.66% | 42.05% |
| Non US | 0.70% | -5.24% | 8.08% | 49.64% |
| FAXEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.05% | 0.01% | 45.88% | 42.63% |
| Management Fee | 0.54% | 0.00% | 1.50% | 68.02% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 69.64% |
| Administrative Fee | N/A | 0.01% | 0.70% | N/A |
| FAXEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 3.50% | 2.50% | 5.75% | 92.20% |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
| FAXEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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% | 0.00% | 614.00% | 48.96% |
| FAXEX | Category Low | Category High | FAXEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.73% | 0.00% | 36.09% | 1.73% |
| FAXEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Semi-Annually |
| FAXEX | Category Low | Category High | FAXEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.53% | -7.55% | 13.14% | 52.64% |
| FAXEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Start Date
Tenure
Tenure Rank
Jun 28, 2019
1.01
1.0%
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.
Start Date
Tenure
Tenure Rank
Jun 28, 2019
1.01
1.0%
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 37.85 | 4.83 | 0.5 |
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