Fidelity Freedom® Blend 2065 Fund
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-15.1%
1 yr return
-9.8%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$39.5 M
Holdings in Top 10
82.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.99%
SALES FEES
Front Load 3.50%
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Target-Date 2065+
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
FAXEX - Profile
Distributions
- YTD Total Return -15.1%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.79%
- Dividend Yield 2.1%
- 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® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds). The adviser 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 | -15.1% | 3.9% | 12.9% | 75.90% |
| 1 Yr | -9.8% | 30.7% | 65.2% | 45.74% |
| 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 (%) |
|---|---|---|---|---|
| 2021 | 8.6% | -3.3% | 18.9% | 34.69% |
| 2020 | 13.5% | 11.7% | 29.3% | N/A |
| 2019 | N/A | -23.9% | -7.8% | N/A |
| 2018 | N/A | 13.0% | 20.8% | N/A |
| 2017 | 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 | -15.1% | 3.9% | 12.9% | 75.90% |
| 1 Yr | -13.0% | 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 (%) |
|---|---|---|---|---|
| 2021 | 8.6% | -3.3% | 18.9% | 34.69% |
| 2020 | 13.5% | 11.7% | 29.3% | N/A |
| 2019 | N/A | -23.9% | -5.7% | N/A |
| 2018 | N/A | 14.1% | 22.7% | N/A |
| 2017 | 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 | 39.5 M | 60.7 K | 7.18 B | 52.69% |
| Number of Holdings | 28 | 4 | 494 | 10.90% |
| Net Assets in Top 10 | 29.7 M | 51.6 K | 7.13 B | 55.04% |
| Weighting of Top 10 | 82.88% | 38.0% | 100.0% | 66.89% |
Top 10 Holdings
- Fidelity® Series Large Cap Value Index 14.47%
- Fidelity® Series Emerging Markets Opps 13.24%
- Fidelity® Series Blue Chip Growth 10.37%
- Fidelity® Series Large Cap Stock 7.49%
- Fidelity® Series International Growth 6.68%
- Fidelity® Series International Value 6.68%
- Fidelity® Series Overseas 6.67%
- Fidelity® Series Large Cp Grwth Idx 6.66%
- Fidelity® Series Value Discovery 5.36%
- Fidelity® Series Long-Term Trs Bd Idx 5.25%
Asset Allocation
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| Stocks | 88.98% | 65.98% | 98.58% | 68.12% |
| Bonds | 7.37% | 0.00% | 92.61% | 41.14% |
| Cash | 3.02% | -86.71% | 14.73% | 20.71% |
| Other | 0.42% | -0.07% | 13.26% | 18.26% |
| Preferred Stocks | 0.18% | 0.00% | 0.36% | 38.69% |
| Convertible Bonds | 0.05% | 0.00% | 0.77% | 60.76% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| Technology | 18.89% | 14.77% | 21.46% | 46.59% |
| Financial Services | 17.95% | 12.29% | 18.11% | 14.71% |
| Industrials | 11.66% | 9.57% | 15.26% | 42.51% |
| Consumer Cyclical | 11.54% | 9.27% | 14.12% | 40.33% |
| Healthcare | 11.10% | 8.82% | 15.72% | 88.28% |
| Communication Services | 7.35% | 6.12% | 11.04% | 43.60% |
| Basic Materials | 6.11% | 2.40% | 5.65% | 20.71% |
| Consumer Defense | 5.51% | 4.55% | 11.70% | 81.74% |
| Energy | 5.46% | 1.87% | 4.03% | 3.81% |
| Utilities | 2.27% | 0.55% | 4.39% | 85.01% |
| Real Estate | 2.16% | 1.82% | 9.04% | 81.47% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| US | 47.22% | 34.23% | 75.57% | 88.01% |
| Non US | 41.76% | 18.37% | 51.41% | 13.90% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| Government | 55.12% | 0.00% | 72.52% | 13.08% |
| Cash & Equivalents | 30.92% | 1.23% | 99.01% | 30.52% |
| Corporate | 11.04% | 0.08% | 63.17% | 86.92% |
| Securitized | 2.54% | 0.00% | 29.24% | 91.55% |
| Derivative | 0.37% | 0.00% | 31.93% | 32.43% |
| Municipal | 0.01% | 0.00% | 4.01% | 82.56% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| US | 6.58% | -0.24% | 50.12% | 38.96% |
| Non US | 0.79% | 0.00% | 42.49% | 53.95% |
FAXEX - Expenses
Operational Fees
| FAXEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.99% | 0.02% | 35.30% | 43.68% |
| Management Fee | 0.49% | 0.00% | 0.94% | 82.53% |
| 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% | 97.37% |
| 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 | 33.00% | 3.00% | 208.00% | 46.44% |
FAXEX - Distributions
Dividend Yield Analysis
| FAXEX | Category Low | Category High | FAXEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.08% | 0.00% | 1.44% | 29.57% |
Dividend Distribution Analysis
| FAXEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| FAXEX | Category Low | Category High | FAXEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.79% | -0.04% | 8.75% | 53.85% |
Capital Gain Distribution Analysis
| FAXEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
FAXEX - Fund Manager Analysis
Managers
Brett Sumsion
Start Date
Tenure
Tenure Rank
Jun 28, 2019
2.93
2.9%
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
2.93
2.9%
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 | 2.38 | 1.25 |