FDFPX: Fidelity Flex Freedom® 2065 Fund

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FDFPX Fidelity Flex Freedom® 2065 Fund


Profile

FDFPX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $114 K
  • Holdings in Top 10 81.6%

52 WEEK LOW AND HIGH

$10.71
$7.47
$11.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover 208.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.88%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Fidelity Flex Freedom® Blend 2065 Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jun 28, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brett Sumsion

Fund Description

The fund invests in a combination of Fidelity® domestic equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds). The advisor allocates assets according to a neutral asset allocation strategy until it reaches an allocation similar to that of the Fidelity Flex? Freedom Blend Income Fund.


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Categories

Fund Company Quick Screens

FDFPX - Fund Company Quick Screens


Performance

FDFPX - Performance

Return Ranking - Trailing

Period FDFPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -42.4% 38.6% 38.40%
1 Yr N/A -47.6% 46.7% N/A
3 Yr N/A* -37.0% 17.4% N/A
5 Yr N/A* -18.9% 15.7% N/A
10 Yr N/A* -9.1% 13.2% N/A

* Annualized

Return Ranking - Calendar

Period FDFPX 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 FDFPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -42.4% 38.6% 38.40%
1 Yr N/A -47.6% 46.7% N/A
3 Yr N/A* -36.4% 20.0% N/A
5 Yr N/A* -17.0% 16.4% N/A
10 Yr N/A* -7.4% 15.5% N/A

* Annualized

Total Return Ranking - Calendar

Period FDFPX 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

FDFPX - Holdings

Concentration Analysis

FDFPX Category Low Category High FDFPX % Rank
Net Assets 114 K 12 K 55 B 99.88%
Number of Holdings 26 1 8660 42.84%
Net Assets in Top 10 88.4 K 77.7 K 31.9 B 99.82%
Weighting of Top 10 81.59% 10.7% 109.6% 44.76%

Top 10 Holdings

  1. Fidelity® Series Large Cap Value Index 14.32%
  2. Fidelity® Series Emerging Markets Opps 13.97%
  3. Fidelity® Series Blue Chip Growth 11.11%
  4. Fidelity® Series Large Cp Grwth Idx 7.59%
  5. Fidelity® Series Large Cap Stock 7.50%
  6. Fidelity® Series Overseas 6.23%
  7. Fidelity® Series International Growth 6.17%
  8. Fidelity® Series International Value 6.05%
  9. Fidelity® Series Value Discovery 5.06%
  10. Fidelity® Series Small Cap Opps 3.59%

Asset Allocation

Weighting Return Low Return High FDFPX % Rank
Stocks
87.60% 62.95% 259.02% 68.17%
Bonds
6.43% -235.37% 29.37% 38.92%
Cash
5.28% -93.75% 187.11% 23.53%
Other
0.51% -2.38% 75.09% 17.65%
Preferred Stocks
0.12% 0.00% 13.36% 25.49%
Convertible Bonds
0.06% 0.00% 6.64% 35.59%

Stock Sector Breakdown

Weighting Return Low Return High FDFPX % Rank
Technology
19.01% 0.00% 51.17% 38.47%
Financial Services
17.15% 0.00% 47.35% 13.38%
Healthcare
13.28% 0.00% 53.30% 52.50%
Consumer Cyclical
11.66% 0.00% 32.90% 26.93%
Industrials
10.12% 0.00% 47.47% 50.30%
Communication Services
9.23% 0.00% 37.99% 38.59%
Consumer Defense
6.50% 0.00% 30.49% 65.22%
Basic Materials
4.65% 0.00% 34.56% 20.33%
Energy
3.91% 0.00% 85.32% 21.64%
Real Estate
2.46% 0.00% 43.77% 80.50%
Utilities
2.03% 0.00% 80.71% 79.13%

Stock Geographic Breakdown

Weighting Return Low Return High FDFPX % Rank
US
46.60% -0.92% 78.23% 80.81%
Non US
41.00% 5.26% 193.33% 27.75%

Bond Sector Breakdown

Weighting Return Low Return High FDFPX % Rank
Cash & Equivalents
44.83% -0.83% 187.10% 49.20%
Government
42.61% -2.84% 85.11% 8.34%
Corporate
11.27% 0.00% 99.82% 59.62%
Securitized
1.18% 0.00% 40.76% 63.31%
Derivative
0.10% -170.75% 74.30% 29.01%
Municipal
0.00% 0.00% 5.04% 74.87%

Bond Geographic Breakdown

Weighting Return Low Return High FDFPX % Rank
US
5.64% -189.52% 31.35% 39.22%
Non US
0.79% -10.76% 33.33% 41.47%

Expenses

FDFPX - Expenses

Operational Fees

FDFPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 45.88% N/A
Management Fee 0.00% 0.00% 1.60% 10.82%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

FDFPX 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

FDFPX 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.

FDFPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 208.00% 0.00% 614.00% 98.31%

Distributions

FDFPX - Distributions

Dividend Yield Analysis

FDFPX Category Low Category High FDFPX % Rank
Dividend Yield 3.16% 0.00% 10.97% 0.59%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FDFPX Category Low Category High FDFPX % Rank
Net Income Ratio 2.88% -7.55% 13.14% 3.99%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FDFPX - Fund Manager Analysis

Managers

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 38.02 5.18 0.67