FAXGX: Fidelity Freedom® Blend 2065 Fund

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FAXGX Fidelity Freedom® Blend 2065 Fund

Profile

FAXGX - Profile

Vitals

  • YTD Return 2.5%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $5.74 M
  • Holdings in Top 10 81.6%

52 WEEK LOW AND HIGH

$10.87
$7.47
$11.19

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

Distributions

  • YTD Total Return 2.5%
  • 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 2.8%
  • 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 2.5% -42.4% 38.3% 33.35%
1 Yr N/A -47.6% 46.3% N/A
3 Yr N/A* -36.4% 17.3% N/A
5 Yr N/A* -18.7% 15.7% N/A
10 Yr N/A* -9.0% 13.2% N/A

* Annualized

Return Ranking - Calendar

Period FAXGX 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

Total Return Ranking - Trailing

Period FAXGX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -42.4% 38.3% 33.35%
1 Yr N/A -47.6% 46.3% N/A
3 Yr N/A* -35.8% 19.9% N/A
5 Yr N/A* -16.9% 16.3% N/A
10 Yr N/A* -7.0% 15.7% N/A

* Annualized

Total Return Ranking - Calendar

Period FAXGX 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

NAV & Total Return History

Holdings

FAXGX - Holdings

Concentration Analysis

FAXGX Category Low Category High FAXGX % Rank
Net Assets 5.74 M 12 K 55 B 94.02%
Number of Holdings 28 1 8660 38.30%
Net Assets in Top 10 3.95 M 77.7 K 31.9 B 94.24%
Weighting of Top 10 81.57% 10.7% 109.6% 47.68%

Top 10 Holdings

  1. Fidelity® Series Large Cap Value Index 14.33%
  2. Fidelity® Series Emerging Markets Opps 14.00%
  3. Fidelity® Series Blue Chip Growth 11.10%
  4. Fidelity® Series Large Cap Stock 7.56%
  5. Fidelity® Series Large Cp Grwth Idx 7.53%
  6. Fidelity® Series Overseas 6.19%
  7. Fidelity® Series International Growth 6.13%
  8. Fidelity® Series International Value 6.04%
  9. Fidelity® Series Value Discovery 5.08%
  10. Fidelity® Series Small Cap Opps 3.62%

Asset Allocation

Weighting Return Low Return High FAXGX % Rank
Stocks 		87.63% 62.95% 259.02% 64.97%
Bonds 		6.28% -235.37% 29.37% 42.12%
Cash 		5.41% -93.75% 187.11% 20.13%
Other 		0.52% -2.38% 75.09% 17.10%
Preferred Stocks 		0.12% 0.00% 13.36% 26.48%
Convertible Bonds 		0.05% 0.00% 6.64% 46.38%

Stock Sector Breakdown

Weighting Return Low Return High FAXGX % Rank
Technology 		18.99% 0.00% 51.17% 41.89%
Financial Services 		17.16% 0.00% 47.35% 12.95%
Healthcare 		13.28% 0.00% 53.30% 54.84%
Consumer Cyclical 		11.66% 0.00% 32.90% 29.35%
Industrials 		10.13% 0.00% 47.47% 49.38%
Communication Services 		9.23% 0.00% 37.99% 41.00%
Consumer Defense 		6.50% 0.00% 30.49% 67.56%
Basic Materials 		4.66% 0.00% 34.56% 19.19%
Energy 		3.92% 0.00% 85.32% 19.96%
Real Estate 		2.46% 0.00% 43.77% 82.83%
Utilities 		2.03% 0.00% 80.71% 82.12%

Stock Geographic Breakdown

Weighting Return Low Return High FAXGX % Rank
US 		46.64% -0.92% 78.23% 80.17%
Non US 		40.99% 5.26% 193.33% 28.44%

Bond Sector Breakdown

Weighting Return Low Return High FAXGX % Rank
Cash & Equivalents 		45.73% -0.83% 187.10% 45.42%
Government 		42.51% -2.84% 85.11% 8.87%
Corporate 		10.52% 0.00% 99.82% 65.30%
Securitized 		1.14% 0.00% 40.76% 64.40%
Derivative 		0.10% -170.75% 74.30% 31.49%
Municipal 		0.00% 0.00% 5.04% 84.76%

Bond Geographic Breakdown

Weighting Return Low Return High FAXGX % Rank
US 		5.59% -189.52% 31.35% 39.79%
Non US 		0.69% -10.76% 33.33% 50.30%
Expenses

FAXGX - Expenses

Operational Fees

FAXGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.44% 0.01% 45.88% 73.57%
Management Fee 0.44% 0.00% 1.60% 62.04%
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 2.25% 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 0.20% 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 29.00% 0.00% 614.00% 48.75%
Distributions

FAXGX - Distributions

Dividend Yield Analysis

FAXGX Category Low Category High FAXGX % Rank
Dividend Yield 2.77% 0.00% 10.89% 0.88%

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 2.13% -7.55% 13.14% 17.64%

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

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.

Brett Sumsion

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 38.02 5.19 0.67

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