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

FAXGX - Snapshot

Vitals

  • YTD Return 3.5%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $11.1 M
  • Holdings in Top 10 81.3%

52 WEEK LOW AND HIGH

$12.34
$7.47
$12.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.44%

SALES FEES

  • Front Load N/A
  • 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 FAXGX to Popular Target-Date 2060+ Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Target Retirement 2060 Fund

Fund

$44.11

-1.43%

$7.15 B

1.53%

$0.68

1.19%

-

Vanguard Institutional Target Retirement 2060 Fund

Fund

$30.50

-1.42%

$5.38 B

1.53%

$0.47

1.19%

-

American Funds 2060 Target Date Retirement Fund®

Fund

$16.03

+1.33%

$4.23 B

0.56%

$0.09

1.97%

0.38%

Fidelity Freedom® 2060 Fund

Fund

$14.66

+1.24%

$2.99 B

0.99%

$0.15

4.12%

0.75%

Fidelity Freedom® Index 2060 Fund

Fund

$15.38

+1.25%

$1.51 B

1.30%

$0.20

2.12%

0.12%

FAXGX - Profile

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.13%
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
    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.

FAXGX - Performance

Return Ranking - Trailing

Period FAXGX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -0.4% 4.8% 27.57%
1 Yr 31.8% 16.1% 36.6% 13.04%
3 Yr N/A* 6.5% 12.2% N/A
5 Yr N/A* 11.0% 15.1% N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FAXGX Return Category Return Low Category Return High Rank in Category (%)
2020 13.9% -3.3% 18.9% 29.92%
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 FAXGX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -0.4% 4.8% 27.57%
1 Yr 31.8% 16.1% 36.6% 12.82%
3 Yr N/A* 6.3% 12.2% N/A
5 Yr N/A* 10.6% 15.1% N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FAXGX Return Category Return Low Category Return High Rank in Category (%)
2020 13.9% -3.3% 18.9% 29.92%
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

FAXGX - Holdings

Concentration Analysis

FAXGX Category Low Category High FAXGX % Rank
Net Assets 11.1 M 50 7.15 B 55.86%
Number of Holdings 30 1 494 12.98%
Net Assets in Top 10 8.14 M 82.5 K 6.97 B 58.29%
Weighting of Top 10 81.31% 38.3% 100.0% 66.67%

Top 10 Holdings

  1. Fidelity® Series Emerging Markets Opps 14.74%
  2. Fidelity® Series Large Cap Value Index 14.47%
  3. Fidelity® Series Blue Chip Growth 10.92%
  4. Fidelity® Series Large Cap Stock 7.58%
  5. Fidelity® Series Large Cp Grwth Idx 6.92%
  6. Fidelity® Series International Growth 5.95%
  7. Fidelity® Series Overseas 5.90%
  8. Fidelity® Series International Value 5.84%
  9. Fidelity® Series Value Discovery 5.38%
  10. Fidelity® Series Small Cap Opps 3.59%

Asset Allocation

Weighting Return Low Return High FAXGX % Rank
Stocks 		88.76% 70.11% 98.95% 67.40%
Bonds 		6.00% 0.00% 88.99% 43.92%
Cash 		4.44% -87.34% 10.83% 29.28%
Other 		0.63% -0.08% 15.80% 18.78%
Preferred Stocks 		0.12% 0.00% 0.36% 40.88%
Convertible Bonds 		0.06% 0.00% 0.88% 53.87%

Stock Sector Breakdown

Weighting Return Low Return High FAXGX % Rank
Technology 		19.93% 15.44% 22.16% 38.95%
Financial Services 		16.58% 11.84% 17.61% 10.50%
Consumer Cyclical 		13.14% 9.42% 14.14% 21.27%
Healthcare 		11.44% 9.80% 17.12% 86.74%
Industrials 		10.71% 9.15% 15.22% 57.18%
Communication Services 		8.91% 6.42% 11.41% 48.62%
Consumer Defense 		6.08% 4.81% 12.08% 85.08%
Basic Materials 		4.98% 2.40% 5.55% 19.89%
Energy 		3.37% 1.65% 3.61% 6.35%
Utilities 		2.59% 0.61% 4.46% 79.01%
Real Estate 		2.27% 1.80% 9.08% 91.99%

Stock Geographic Breakdown

Weighting Return Low Return High FAXGX % Rank
US 		47.06% 35.69% 74.94% 89.50%
Non US 		41.70% 18.20% 53.26% 11.88%

Bond Sector Breakdown

Weighting Return Low Return High FAXGX % Rank
Government 		44.30% 0.00% 73.00% 11.60%
Cash & Equivalents 		44.20% 0.61% 99.42% 36.19%
Corporate 		9.97% 0.09% 70.06% 82.04%
Securitized 		0.99% 0.00% 32.24% 93.65%
Derivative 		0.52% 0.00% 30.36% 29.28%
Municipal 		0.00% 0.00% 3.84% 92.27%

Bond Geographic Breakdown

Weighting Return Low Return High FAXGX % Rank
US 		5.19% 0.00% 46.58% 40.06%
Non US 		0.81% 0.00% 42.41% 51.66%

FAXGX - Expenses

Operational Fees

FAXGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.44% 0.02% 35.30% 77.87%
Management Fee 0.44% 0.00% 0.94% 75.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FAXGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FAXGX 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.

FAXGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.00% 1.00% 208.00% 46.82%

FAXGX - Distributions

Dividend Yield Analysis

FAXGX Category Low Category High FAXGX % Rank
Dividend Yield 0.00% 0.00% 1.56% 76.57%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FAXGX Category Low Category High FAXGX % Rank
Net Income Ratio 2.13% -0.04% 8.75% 25.36%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FAXGX - Fund Manager Analysis

Managers

Andrew Dierdorf

Start Date

Tenure

Tenure Rank

Jun 28, 2019

1.67

1.7%

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.

Brett Sumsion

Start Date

Tenure

Tenure Rank

Jun 28, 2019

1.67

1.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 8.02 2.41 1.16

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