FAXFX: Fidelity Freedom® Blend 2065 Fund

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FAXFX Fidelity Freedom® Blend 2065 Fund


Profile

FAXFX - Profile

Vitals

  • YTD Return -12.3%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $2.98 M
  • Holdings in Top 10 77.5%

52 WEEK LOW AND HIGH

$9.31
$7.47
$10.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -12.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.2%
  • 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
    Inst
  • 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.


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Categories

Fund Company Quick Screens

FAXFX - Fund Company Quick Screens


Performance

FAXFX - Performance

Return Ranking - Trailing

Period FAXFX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.3% -45.5% 5.6% 53.72%
1 Yr N/A -53.2% 15.5% N/A
3 Yr N/A* -31.8% 20.9% N/A
5 Yr N/A* -22.1% 18.6% N/A
10 Yr N/A* -8.9% 16.5% N/A

* Annualized

Return Ranking - Calendar

Period FAXFX 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 -45.6% 13.2% N/A

Total Return Ranking - Trailing

Period FAXFX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.3% -45.5% 5.6% 53.72%
1 Yr N/A -53.2% 15.5% N/A
3 Yr N/A* -26.0% 20.9% N/A
5 Yr N/A* -21.7% 18.6% N/A
10 Yr N/A* -7.1% 16.5% N/A

* Annualized

Total Return Ranking - Calendar

Period FAXFX 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 -45.6% 13.2% N/A

NAV & Total Return History


Holdings

FAXFX - Holdings

Concentration Analysis

FAXFX Category Low Category High FAXFX % Rank
Net Assets 2.98 M 32.2 K 99.6 B 93.21%
Number of Holdings 28 1 9854 36.59%
Net Assets in Top 10 1.87 M -97.9 M 28.3 B 92.99%
Weighting of Top 10 77.49% 9.8% 109.6% 47.77%

Top 10 Holdings

  1. Fidelity® Series Large Cap Value Index 13.97%
  2. Fidelity® Series Emerging Markets Opps 11.06%
  3. Fidelity® Series Blue Chip Growth 9.77%
  4. Fidelity® Series Large Cap Stock 7.58%
  5. Fidelity® Series Large Cp Grwth Idx 7.24%
  6. Fidelity® Series International Growth 6.77%
  7. Fidelity® Series International Value 6.54%
  8. Fidelity® Series Overseas 6.48%
  9. Fidelity® Series Value Discovery 4.37%
  10. Fidelity® Series Small Cap Opps 3.72%

Asset Allocation

Weighting Return Low Return High FAXFX % Rank
Stocks
84.05% 80.11% 259.02% 78.37%
Cash
7.99% -108.02% 17.75% 11.65%
Bonds
7.74% -235.37% 31.52% 40.20%
Preferred Stocks
0.11% 0.00% 9.79% 29.15%
Other
0.06% -2.38% 73.59% 39.39%
Convertible Bonds
0.05% 0.00% 8.12% 38.96%

Stock Sector Breakdown

Weighting Return Low Return High FAXFX % Rank
Financial Services
19.75% 0.00% 49.38% 10.13%
Technology
16.66% 0.00% 51.17% 53.94%
Healthcare
12.58% 0.00% 54.60% 66.81%
Industrials
11.07% 0.00% 47.20% 43.44%
Consumer Cyclical
9.76% 0.00% 32.90% 52.65%
Communication Services
8.91% 0.00% 68.40% 39.54%
Consumer Defense
7.15% 0.00% 32.33% 60.16%
Energy
4.82% 0.00% 85.32% 21.48%
Basic Materials
4.15% 0.00% 36.18% 32.21%
Real Estate
2.81% 0.00% 43.71% 74.56%
Utilities
2.33% 0.00% 83.02% 80.29%

Stock Geographic Breakdown

Weighting Return Low Return High FAXFX % Rank
US
45.44% -0.49% 77.34% 82.38%
Non US
38.61% 16.60% 207.18% 30.00%

Bond Sector Breakdown

Weighting Return Low Return High FAXFX % Rank
Cash & Equivalents
50.11% -0.83% 100.00% 41.96%
Government
39.56% 0.00% 100.00% 13.21%
Corporate
8.68% 0.00% 100.00% 65.99%
Securitized
1.34% 0.00% 53.54% 58.10%
Derivative
0.30% -0.66% 93.21% 23.61%
Municipal
0.01% 0.00% 38.51% 51.31%

Bond Geographic Breakdown

Weighting Return Low Return High FAXFX % Rank
US
6.98% -0.51% 30.44% 34.27%
Non US
0.76% -0.85% 6.41% 45.55%

Expenses

FAXFX - Expenses

Operational Fees

FAXFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 45.88% N/A
Management Fee 0.54% 0.00% 1.50% 66.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

FAXFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FAXFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

FAXFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 614.00% N/A

Distributions

FAXFX - Distributions

Dividend Yield Analysis

FAXFX Category Low Category High FAXFX % Rank
Dividend Yield 3.18% 0.00% 32.56% 1.80%

Dividend Distribution Analysis

FAXFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

FAXFX Category Low Category High FAXFX % Rank
Net Income Ratio N/A -7.55% 13.14% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FAXFX - Fund Manager Analysis

Managers

Brett Sumsion


Start Date

Tenure

Tenure Rank

Jun 28, 2019

0.84

0.8%

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.

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 28, 2019

0.84

0.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 37.68 4.8 0.33