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

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

$12.95
$8.70
$12.97

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

$46.88

+0.30%

$7.18 B

1.46%

$0.68

7.55%

-

Vanguard Institutional Target Retirement 2060 Fund

Fund

$32.43

+0.31%

$5.95 B

1.46%

$0.47

7.60%

-

American Funds 2060 Target Date Retirement Fund®

Fund

$16.84

+0.30%

$4.51 B

0.54%

$0.09

7.12%

0.38%

Fidelity Freedom® 2060 Fund

Fund

$15.28

+0.13%

$3.14 B

0.95%

$0.15

8.52%

0.75%

Fidelity Freedom® Index 2060 Fund

Fund

$16.12

+0.25%

$1.63 B

1.24%

$0.20

7.04%

0.12%

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%
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 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

  1. Fidelity® Series Large Cap Value Index 15.13%
  2. Fidelity® Series Emerging Markets Opps 14.27%
  3. Fidelity® Series Blue Chip Growth 10.70%
  4. Fidelity® Series Large Cap Stock 7.93%
  5. Fidelity® Series Large Cp Grwth Idx 6.71%
  6. Fidelity® Series International Value 6.01%
  7. Fidelity® Series Overseas 5.81%
  8. Fidelity® Series International Growth 5.72%
  9. Fidelity® Series Value Discovery 5.48%
  10. 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

Dividend Payout History

View More +

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

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