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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 | 0.0% | -42.4% | 39.2% | 41.59% |
| 1 Yr | N/A | -47.6% | 49.9% | N/A |
| 3 Yr | N/A* | -37.6% | 17.4% | N/A |
| 5 Yr | N/A* | -18.9% | 16.6% | N/A |
| 10 Yr | N/A* | -9.5% | 13.2% | N/A |
* Annualized
| Period | FAXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | N/A | -46.3% | 66.4% | N/A |
| 2018 | N/A | -64.5% | 1.8% | N/A |
| 2017 | N/A | -38.9% | 80.9% | N/A |
| 2016 | N/A | -26.1% | 36.8% | N/A |
| 2015 | N/A | -42.3% | 13.2% | N/A |
| Period | FAXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -42.4% | 39.2% | 41.59% |
| 1 Yr | N/A | -47.6% | 49.9% | N/A |
| 3 Yr | N/A* | -37.0% | 20.0% | N/A |
| 5 Yr | N/A* | -17.0% | 17.3% | N/A |
| 10 Yr | N/A* | -5.8% | 15.4% | N/A |
* Annualized
| Period | FAXEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | N/A | -46.3% | 66.4% | N/A |
| 2018 | N/A | -64.5% | 4.0% | N/A |
| 2017 | N/A | -9.3% | 80.9% | N/A |
| 2016 | N/A | -23.9% | 39.4% | N/A |
| 2015 | N/A | -34.5% | 13.2% | N/A |
| FAXEX | Category Low | Category High | FAXEX % Rank | |
|---|---|---|---|---|
| Net Assets | 5.74 M | 12 K | 55 B | 93.67% |
| Number of Holdings | 28 | 2 | 8660 | 35.83% |
| Net Assets in Top 10 | 3.95 M | 77.7 K | 33 B | 93.89% |
| Weighting of Top 10 | 81.57% | 10.7% | 109.6% | 46.26% |
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| Stocks | 87.63% | 62.95% | 259.02% | 63.70% |
| Bonds | 6.28% | -235.37% | 28.44% | 43.18% |
| Cash | 5.41% | -93.75% | 187.11% | 20.87% |
| Other | 0.52% | -2.38% | 75.09% | 13.40% |
| Preferred Stocks | 0.12% | 0.00% | 13.36% | 25.86% |
| Convertible Bonds | 0.05% | 0.00% | 6.64% | 42.80% |
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| Technology | 18.99% | 0.00% | 51.17% | 40.46% |
| Financial Services | 17.16% | 0.00% | 47.35% | 10.04% |
| Healthcare | 13.28% | 0.00% | 53.30% | 52.99% |
| Consumer Cyclical | 11.66% | 0.00% | 32.90% | 30.24% |
| Industrials | 10.13% | 0.00% | 47.47% | 49.31% |
| Communication Services | 9.23% | 0.00% | 37.99% | 39.15% |
| Consumer Defense | 6.50% | 0.00% | 30.49% | 63.53% |
| Basic Materials | 4.66% | 0.00% | 34.56% | 20.26% |
| Energy | 3.92% | 0.00% | 85.32% | 16.83% |
| Real Estate | 2.46% | 0.00% | 43.77% | 79.74% |
| Utilities | 2.03% | 0.00% | 80.71% | 78.18% |
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| US | 46.64% | -0.92% | 78.23% | 77.07% |
| Non US | 40.99% | 5.26% | 193.33% | 26.48% |
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 45.73% | -0.83% | 187.10% | 44.69% |
| Government | 42.51% | -2.84% | 85.11% | 8.74% |
| Corporate | 10.52% | 0.00% | 99.82% | 65.54% |
| Securitized | 1.14% | 0.00% | 40.76% | 64.29% |
| Derivative | 0.10% | -170.75% | 74.30% | 29.15% |
| Municipal | 0.00% | 0.00% | 5.04% | 69.98% |
| Weighting | Return Low | Return High | FAXEX % Rank | |
|---|---|---|---|---|
| US | 5.59% | -189.52% | 31.35% | 41.18% |
| Non US | 0.69% | -10.76% | 33.33% | 52.40% |
| FAXEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.05% | 0.01% | 45.88% | 40.45% |
| Management Fee | 0.54% | 0.00% | 1.60% | 66.79% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 67.56% |
| 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% | 2.25% | 5.75% | 90.45% |
| 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 | 0.20% | 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% | 47.79% |
| FAXEX | Category Low | Category High | FAXEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.61% | 0.00% | 11.17% | 1.29% |
| FAXEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
| FAXEX | Category Low | Category High | FAXEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.53% | -7.55% | 13.14% | 50.80% |
| FAXEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Quarterly | Annually |
Start Date
Tenure
Tenure Rank
Jun 28, 2019
1.18
1.2%
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.
Start Date
Tenure
Tenure Rank
Jun 28, 2019
1.18
1.2%
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 38.02 | 5.22 | 0.67 |
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