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

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FAZAX - Snapshot

Vitals

  • YTD Return 12.6%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $7.71 M
  • Holdings in Top 10 81.3%

52 WEEK LOW AND HIGH

$11.92
$7.46
$11.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

  • Front Load 5.75%
  • 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 FAZAX to Popular Target-Date 2060+ Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$43.03

+0.14%

$6.63 B

1.87%

$0.80

12.76%

-

$29.74

+0.14%

$4.46 B

1.83%

$0.54

12.82%

-

$15.60

+0.13%

$3.73 B

0.66%

$0.10

15.04%

-

$13.84

+0.22%

$2.59 B

-

$0.19

11.16%

-

$14.49

+0.21%

$1.34 B

1.11%

$0.16

14.73%

-

FAZAX - Profile

Distributions

  • YTD Total Return 12.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.78%
DIVIDENDS
  • Dividend Yield 2.4%
  • 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
    A
  • 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.


FAZAX - Performance

Return Ranking - Trailing

Period FAZAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.6% -3.3% 16.3% 28.52%
1 Yr 15.6% 5.2% 18.5% 26.48%
3 Yr N/A* 5.2% 10.9% N/A
5 Yr N/A* 7.9% 11.9% N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FAZAX 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 FAZAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.6% -3.3% 16.3% 28.52%
1 Yr 8.9% 1.5% 18.5% 88.00%
3 Yr N/A* 4.1% 10.9% N/A
5 Yr N/A* 7.2% 11.9% N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FAZAX 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


FAZAX - Holdings

Concentration Analysis

FAZAX Category Low Category High FAZAX % Rank
Net Assets 7.71 M 123 K 6.63 B 59.42%
Number of Holdings 28 1 478 8.43%
Net Assets in Top 10 5.3 M 77.7 K 5.84 B 61.75%
Weighting of Top 10 81.29% 40.2% 100.0% 60.13%

Top 10 Holdings

  1. Fidelity® Series Emerging Markets Opps 14.57%
  2. Fidelity® Series Large Cap Value Index 14.42%
  3. Fidelity® Series Blue Chip Growth 10.90%
  4. Fidelity® Series Large Cap Stock 7.56%
  5. Fidelity® Series Large Cp Grwth Idx 6.96%
  6. Fidelity® Series International Growth 5.97%
  7. Fidelity® Series International Value 5.96%
  8. Fidelity® Series Overseas 5.94%
  9. Fidelity® Series Value Discovery 5.31%
  10. Fidelity® Series Small Cap Opps 3.71%

Asset Allocation

Weighting Return Low Return High FAZAX % Rank
Stocks
88.46% 70.05% 116.64% 57.23%
Bonds
6.14% 0.00% 77.00% 41.57%
Cash
4.74% -100.32% 15.96% 25.90%
Other
0.48% -0.12% 10.79% 12.65%
Preferred Stocks
0.13% 0.00% 0.33% 26.20%
Convertible Bonds
0.05% 0.00% 0.94% 47.89%

Stock Sector Breakdown

Weighting Return Low Return High FAZAX % Rank
Technology
19.28% 14.90% 22.85% 53.92%
Financial Services
15.91% 11.37% 17.10% 6.02%
Consumer Cyclical
13.26% 9.14% 13.80% 16.87%
Healthcare
12.24% 10.41% 18.09% 80.42%
Industrials
10.48% 8.87% 14.84% 50.60%
Communication Services
9.31% 6.42% 11.27% 41.27%
Consumer Defense
6.67% 5.11% 12.40% 75.30%
Basic Materials
4.76% 2.08% 5.66% 23.80%
Energy
3.32% 1.52% 3.66% 14.46%
Real Estate
2.40% 1.91% 9.11% 80.12%
Utilities
2.37% 0.80% 5.23% 78.92%

Stock Geographic Breakdown

Weighting Return Low Return High FAZAX % Rank
US
46.91% 35.98% 73.92% 83.43%
Non US
41.55% 18.49% 48.17% 10.54%

Bond Sector Breakdown

Weighting Return Low Return High FAZAX % Rank
Government
44.35% 0.00% 70.75% 10.24%
Cash & Equivalents
42.96% 0.99% 99.78% 34.94%
Corporate
11.42% 0.08% 62.14% 75.30%
Securitized
1.14% 0.00% 35.14% 90.36%
Derivative
0.12% 0.00% 33.20% 29.22%
Municipal
0.01% 0.00% 2.85% 71.08%

Bond Geographic Breakdown

Weighting Return Low Return High FAZAX % Rank
US
5.48% 0.00% 58.54% 39.16%
Non US
0.66% 0.00% 18.46% 57.83%

FAZAX - Expenses

Operational Fees

FAZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% 0.03% 24.58% 51.95%
Management Fee 0.54% 0.00% 0.94% 85.38%
12b-1 Fee 0.25% 0.00% 1.00% 28.73%
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FAZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 3.50% 5.75% 3.03%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FAZAX 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.

FAZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.00% 1.00% 208.00% 43.98%

FAZAX - Distributions

Dividend Yield Analysis

FAZAX Category Low Category High FAZAX % Rank
Dividend Yield 2.45% 0.00% 2.84% 2.32%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FAZAX Category Low Category High FAZAX % Rank
Net Income Ratio 1.78% -0.42% 7.08% 43.97%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FAZAX - Fund Manager Analysis

Managers

Brett Sumsion


Start Date

Tenure

Tenure Rank

Jun 28, 2019

1.43

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.

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 28, 2019

1.43

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 7.78 2.44 0.92
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