FDEEX: Fidelity Freedom® 2055 Fund - MutualFunds.com
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Fidelity Freedom® 2055

FDEEX - Snapshot

Vitals

  • YTD Return 7.9%
  • 3 Yr Annualized Return 14.8%
  • 5 Yr Annualized Return 14.8%
  • Net Assets $8.92 B
  • Holdings in Top 10 72.1%

52 WEEK LOW AND HIGH

$16.92
$13.38
$17.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2055

Compare FDEEX to Popular Target-Date 2055 Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$33.71

-0.59%

$18.74 B

1.45%

$0.49

12.18%

0.09%

$55.31

-0.59%

$13.85 B

1.42%

$0.79

12.10%

0.15%

$26.24

+0.11%

$11.52 B

0.56%

$0.15

11.90%

0.73%

$16.80

-0.71%

$8.92 B

-

$0.16

7.90%

0.75%

$19.82

-0.55%

$4.92 B

-

$0.24

11.41%

0.12%

FDEEX - Profile

Distributions

  • YTD Total Return 7.9%
  • 3 Yr Annualized Total Return 14.8%
  • 5 Yr Annualized Total Return 14.8%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Fidelity Freedom® 2055 Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jun 01, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew Dierdorf

Fund Description

The fund invests in a combination of Fidelity ® U.S. equity funds, international equity funds, bond funds, and short-term funds. The adviser allocates its assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Freedom ® Income Fund, approximately 10 to 19 years after the year 2055.


FDEEX - Performance

Return Ranking - Trailing

Period FDEEX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% 7.1% 15.3% 97.83%
1 Yr 41.4% 30.9% 41.7% 1.72%
3 Yr 14.8%* 11.1% 15.4% 16.28%
5 Yr 14.8%* 11.8% 15.2% 11.17%
10 Yr 10.6%* 9.0% 11.9% 39.29%

* Annualized

Return Ranking - Calendar

Period FDEEX Return Category Return Low Category Return High Rank in Category (%)
2020 12.7% 0.0% 16.1% 41.28%
2019 17.5% 2.4% 23.6% 66.83%
2018 -14.4% -29.3% -7.8% 49.43%
2017 17.9% -3.1% 20.9% 38.51%
2016 4.7% -2.2% 7.7% 45.71%

Total Return Ranking - Trailing

Period FDEEX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% 7.1% 15.3% 97.83%
1 Yr 41.4% 25.6% 41.7% 1.86%
3 Yr 14.8%* 9.5% 15.4% 17.26%
5 Yr 14.8%* 10.6% 15.2% 12.12%
10 Yr 10.6%* 9.0% 11.9% 39.29%

* Annualized

Total Return Ranking - Calendar

Period FDEEX Return Category Return Low Category Return High Rank in Category (%)
2020 12.7% 0.0% 16.1% 41.28%
2019 17.5% 2.4% 23.6% 66.83%
2018 -12.4% -24.2% -5.6% 59.20%
2017 22.3% -3.1% 26.6% 4.97%
2016 8.5% -0.5% 10.9% 20.00%

NAV & Total Return History


FDEEX - Holdings

Concentration Analysis

FDEEX Category Low Category High FDEEX % Rank
Net Assets 8.92 B 175 K 18.7 B 6.64%
Number of Holdings 38 2 495 0.83%
Net Assets in Top 10 6.34 B 137 K 18.5 B 6.64%
Weighting of Top 10 72.07% 40.7% 100.0% 94.15%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High FDEEX % Rank
Stocks
87.51% 70.54% 99.84% 75.52%
Bonds
6.57% -25.07% 95.84% 49.38%
Cash
5.15% -89.60% 53.67% 17.43%
Other
0.57% -2.83% 7.91% 28.63%
Preferred Stocks
0.13% 0.00% 0.39% 25.31%
Convertible Bonds
0.07% 0.00% 1.40% 45.23%

Stock Sector Breakdown

Weighting Return Low Return High FDEEX % Rank
Financial Services
18.31% 12.72% 18.68% 4.15%
Technology
17.73% 14.84% 22.09% 78.01%
Consumer Cyclical
12.62% 8.97% 15.04% 31.95%
Industrials
11.96% 9.34% 14.79% 23.24%
Healthcare
11.71% 8.76% 15.03% 56.85%
Communication Services
8.85% 6.58% 11.19% 47.72%
Consumer Defense
5.43% 4.26% 11.27% 89.63%
Basic Materials
5.33% 3.10% 5.99% 8.71%
Energy
3.94% 1.87% 3.94% 0.41%
Utilities
2.17% 0.40% 6.17% 88.80%
Real Estate
1.93% 1.82% 9.17% 93.36%

Stock Geographic Breakdown

Weighting Return Low Return High FDEEX % Rank
Non US
44.44% 18.24% 46.45% 2.49%
US
43.07% 33.65% 71.79% 95.44%

Bond Sector Breakdown

Weighting Return Low Return High FDEEX % Rank
Government
45.58% 0.00% 71.51% 11.20%
Cash & Equivalents
43.20% 1.66% 94.09% 34.02%
Corporate
9.85% 0.21% 63.12% 83.82%
Securitized
0.90% 0.00% 39.07% 93.36%
Derivative
0.46% 0.00% 44.50% 38.59%
Municipal
0.01% 0.00% 16.01% 72.61%

Bond Geographic Breakdown

Weighting Return Low Return High FDEEX % Rank
US
5.71% -3.41% 61.75% 41.91%
Non US
0.86% -59.91% 34.09% 46.47%

FDEEX - Expenses

Operational Fees

FDEEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.06% 1.89% 35.42%
Management Fee 0.75% 0.00% 0.93% 95.07%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FDEEX 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

FDEEX 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.

FDEEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 3.00% 112.00% 29.30%

FDEEX - Distributions

Dividend Yield Analysis

FDEEX Category Low Category High FDEEX % Rank
Dividend Yield 0.00% 0.00% 0.14% 2.49%

Dividend Distribution Analysis

FDEEX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

FDEEX Category Low Category High FDEEX % Rank
Net Income Ratio 0.97% -0.34% 6.94% 78.64%

Capital Gain Distribution Analysis

FDEEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Monthly Annually

Dividend Payout History

View More +

FDEEX - Fund Manager Analysis

Managers

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 01, 2011

10.09

10.1%

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

Jan 21, 2014

7.44

7.4%

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
0.09 13.34 4.67 1.5