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

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FAXGX - Snapshot

Vitals

  • YTD Return 12.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $6.52 M
  • Holdings in Top 10 81.1%

52 WEEK LOW AND HIGH

$11.90
$7.47
$11.97

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
  • 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

$42.89

+0.52%

$5.89 B

1.88%

$0.80

12.40%

-

$29.65

+0.54%

$3.99 B

1.84%

$0.54

12.48%

-

$15.52

+0.58%

$3.29 B

0.67%

$0.10

14.45%

-

$13.81

+0.51%

$2.29 B

-

$0.19

10.92%

-

$14.43

+0.42%

$1.19 B

1.11%

$0.16

14.25%

-

FAXGX - Profile

Distributions

  • YTD Total Return 12.8%
  • 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 2.5%
  • 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 12.8% -3.3% 16.1% 22.27%
1 Yr 6.4% -3.1% 9.6% 23.90%
3 Yr N/A* 2.4% 7.8% N/A
5 Yr N/A* 5.6% 9.7% 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 (%)
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
2015 N/A -5.8% -1.8% N/A

Total Return Ranking - Trailing

Period FAXGX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.8% -3.3% 16.1% 22.27%
1 Yr 6.4% -7.2% 9.6% 22.58%
3 Yr N/A* 1.2% 7.8% N/A
5 Yr N/A* 5.0% 9.7% 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 (%)
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
2015 N/A -5.8% -0.2% N/A

NAV & Total Return History


FAXGX - Holdings

Concentration Analysis

FAXGX Category Low Category High FAXGX % Rank
Net Assets 6.52 M 110 K 5.89 B 61.63%
Number of Holdings 28 1 478 13.60%
Net Assets in Top 10 4.76 M 77.7 K 5.84 B 66.47%
Weighting of Top 10 81.14% 40.2% 100.0% 62.67%

Top 10 Holdings

  1. Fidelity® Series Large Cap Value Index 14.33%
  2. Fidelity® Series Emerging Markets Opps 13.93%
  3. Fidelity® Series Blue Chip Growth 10.83%
  4. Fidelity® Series Large Cap Stock 7.50%
  5. Fidelity® Series Large Cp Grwth Idx 7.25%
  6. Fidelity® Series International Growth 6.25%
  7. Fidelity® Series Overseas 6.21%
  8. Fidelity® Series International Value 6.06%
  9. Fidelity® Series Value Discovery 5.15%
  10. Fidelity® Series Small Cap Opps 3.62%

Asset Allocation

Weighting Return Low Return High FAXGX % Rank
Stocks
87.74% 70.05% 116.64% 66.47%
Bonds
6.43% 0.00% 77.00% 41.39%
Cash
5.08% -100.32% 15.96% 25.08%
Other
0.58% -0.10% 10.79% 15.11%
Preferred Stocks
0.13% 0.00% 0.36% 31.42%
Convertible Bonds
0.05% 0.00% 0.94% 57.10%

Stock Sector Breakdown

Weighting Return Low Return High FAXGX % Rank
Technology
18.83% 15.16% 22.85% 69.18%
Financial Services
16.68% 11.37% 17.10% 10.57%
Consumer Cyclical
12.66% 9.20% 13.80% 36.25%
Healthcare
12.28% 10.41% 18.09% 84.89%
Industrials
10.42% 8.87% 14.84% 54.98%
Communication Services
9.45% 7.11% 11.27% 35.65%
Consumer Defense
6.59% 5.11% 12.48% 79.76%
Basic Materials
4.86% 2.08% 5.66% 20.24%
Energy
3.61% 1.56% 3.84% 11.18%
Real Estate
2.40% 1.90% 9.11% 84.59%
Utilities
2.21% 0.80% 4.98% 92.75%

Stock Geographic Breakdown

Weighting Return Low Return High FAXGX % Rank
US
46.48% 35.98% 73.92% 85.80%
Non US
41.26% 18.49% 48.17% 18.13%

Bond Sector Breakdown

Weighting Return Low Return High FAXGX % Rank
Government
44.31% 0.00% 70.75% 12.69%
Cash & Equivalents
43.83% 0.99% 99.74% 36.56%
Corporate
10.55% 0.08% 62.14% 80.97%
Securitized
1.16% 0.00% 35.14% 92.15%
Derivative
0.14% 0.00% 33.20% 35.65%
Municipal
0.00% 0.00% 2.85% 93.05%

Bond Geographic Breakdown

Weighting Return Low Return High FAXGX % Rank
US
5.77% 0.00% 58.54% 40.48%
Non US
0.66% 0.00% 18.46% 60.12%

FAXGX - Expenses

Operational Fees

FAXGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.44% 0.03% 24.58% 78.26%
Management Fee 0.44% 0.00% 0.95% 77.71%
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% 49.06%

FAXGX - Distributions

Dividend Yield Analysis

FAXGX Category Low Category High FAXGX % Rank
Dividend Yield 2.51% 0.00% 2.85% 1.74%

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% -0.42% 7.08% 25.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FAXGX - Fund Manager Analysis

Managers

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 28, 2019

1.35

1.4%

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

1.35

1.4%

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
0.05 7.69 2.36 0.83
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