FAXGX: Fidelity Freedom® Blend 2065 Fund

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FAXGX Fidelity Freedom® Blend 2065 Fund

Profile

FAXGX - Profile

Vitals

  • YTD Return -12.2%
  • 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

$9.32
$7.47
$10.95

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 -12.2%
  • 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
    Andrew Dierdorf

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

FAXGX - Mutual Fund Categories

Income
Target Date
Active
Fund of Funds
No Load
Total Dividend Income Equity
Multi Strategy
Fund Company Quick Screens

FAXGX - Fund Company Quick Screens

Fidelity Target Date Funds
Fidelity Income Funds
Performance

FAXGX - Performance

Return Ranking - Trailing

Period FAXGX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.2% -45.5% 5.6% 51.95%
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 FAXGX 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 FAXGX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.2% -45.5% 5.6% 51.95%
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 FAXGX 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

FAXGX - Holdings

Concentration Analysis

FAXGX Category Low Category High FAXGX % Rank
Net Assets 2.98 M 32.2 K 99.6 B 93.45%
Number of Holdings 28 1 9854 40.06%
Net Assets in Top 10 1.87 M -97.9 M 28.3 B 93.23%
Weighting of Top 10 77.49% 9.8% 109.6% 48.03%

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 FAXGX % Rank
Stocks 		84.05% 80.11% 259.02% 78.67%
Cash 		7.99% -108.02% 17.75% 11.89%
Bonds 		7.74% -235.37% 31.52% 40.63%
Preferred Stocks 		0.11% 0.00% 9.79% 32.26%
Other 		0.06% -2.38% 73.59% 42.32%
Convertible Bonds 		0.05% 0.00% 8.12% 44.70%

Stock Sector Breakdown

Weighting Return Low Return High FAXGX % Rank
Financial Services 		19.75% 0.00% 49.38% 10.43%
Technology 		16.66% 0.00% 51.17% 54.18%
Healthcare 		12.58% 0.00% 54.60% 68.27%
Industrials 		11.07% 0.00% 47.20% 43.69%
Consumer Cyclical 		9.76% 0.00% 32.90% 55.77%
Communication Services 		8.91% 0.00% 68.40% 42.65%
Consumer Defense 		7.15% 0.00% 32.33% 60.40%
Energy 		4.82% 0.00% 85.32% 21.96%
Basic Materials 		4.15% 0.00% 36.18% 35.45%
Real Estate 		2.81% 0.00% 43.71% 74.98%
Utilities 		2.33% 0.00% 83.02% 83.28%

Stock Geographic Breakdown

Weighting Return Low Return High FAXGX % Rank
US 		45.44% -0.49% 77.34% 82.62%
Non US 		38.61% 16.60% 207.18% 30.30%

Bond Sector Breakdown

Weighting Return Low Return High FAXGX % Rank
Cash & Equivalents 		50.11% -0.83% 100.00% 42.20%
Government 		39.56% 0.00% 100.00% 13.46%
Corporate 		8.68% 0.00% 100.00% 66.24%
Securitized 		1.34% 0.00% 53.54% 58.59%
Derivative 		0.30% -0.66% 93.21% 26.79%
Municipal 		0.01% 0.00% 38.51% 55.41%

Bond Geographic Breakdown

Weighting Return Low Return High FAXGX % Rank
US 		6.98% -0.51% 30.44% 34.51%
Non US 		0.76% -0.85% 6.41% 46.16%
Expenses

FAXGX - Expenses

Operational Fees

FAXGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 45.88% N/A
Management Fee 0.44% 0.00% 1.50% 62.48%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

FAXGX 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

FAXGX 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.

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

FAXGX - Distributions

Dividend Yield Analysis

FAXGX Category Low Category High FAXGX % Rank
Dividend Yield 3.23% 0.00% 32.56% 1.68%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

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

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +
Fund Manager Analysis

FAXGX - Fund Manager Analysis

Managers

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.

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.

Tenure Analysis

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

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