FDKLX: Fidelity Freedom® Index 2060 Fund - MutualFunds.com
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Fidelity Freedom® Index 2060 Investor

FDKLX - Snapshot

Vitals

  • YTD Return 7.0%
  • 3 Yr Annualized Return 12.6%
  • 5 Yr Annualized Return 13.1%
  • Net Assets $1.63 B
  • Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$16.08
$11.07
$16.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.12%

SALES FEES

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

BROKERAGE FEES

  • Turnover 67.00%

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 2060+

Compare FDKLX to Popular Target-Date 2060+ Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$46.88

+0.30%

$7.18 B

1.46%

$0.68

7.55%

-

$32.43

+0.31%

$5.95 B

1.46%

$0.47

7.60%

-

$16.84

+0.30%

$4.50 B

0.54%

$0.09

7.12%

0.38%

$15.28

+0.13%

$3.14 B

0.95%

$0.15

8.52%

0.75%

$16.12

+0.25%

$1.63 B

1.24%

$0.20

7.04%

0.12%

FDKLX - Profile

Distributions

  • YTD Total Return 7.0%
  • 3 Yr Annualized Total Return 12.6%
  • 5 Yr Annualized Total Return 13.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.85%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Fidelity Freedom® Index 2060 Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Aug 05, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew Dierdorf

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), each of which (excluding any money market fund) seeks to provide investment results that correspond to the total return of a specific index.


FDKLX - Performance

Return Ranking - Trailing

Period FDKLX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% 3.9% 10.4% 88.66%
1 Yr 49.9% 30.7% 65.2% 85.96%
3 Yr 12.6%* 8.7% 13.7% 25.39%
5 Yr 13.1%* 10.3% 14.1% 36.59%
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FDKLX Return Category Return Low Category Return High Rank in Category (%)
2020 14.3% -3.3% 18.9% 23.39%
2019 18.1% 11.7% 29.3% 80.10%
2018 -9.3% -23.9% -7.8% 9.70%
2017 18.0% 13.0% 20.8% 53.68%
2016 6.8% 1.7% 8.6% 23.33%

Total Return Ranking - Trailing

Period FDKLX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% 3.9% 10.4% 88.66%
1 Yr 49.9% 30.7% 65.2% 76.60%
3 Yr 12.6%* 7.7% 13.7% 24.08%
5 Yr 13.1%* 9.6% 14.1% 34.71%
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FDKLX Return Category Return Low Category Return High Rank in Category (%)
2020 14.3% -3.3% 18.9% 23.39%
2019 18.1% 11.7% 29.3% 80.10%
2018 -9.1% -23.9% -5.7% 30.91%
2017 20.6% 14.1% 22.7% 30.15%
2016 9.3% 1.7% 11.0% 7.78%

NAV & Total Return History


FDKLX - Holdings

Concentration Analysis

FDKLX Category Low Category High FDKLX % Rank
Net Assets 1.63 B 60.7 K 7.18 B 5.36%
Number of Holdings 4 4 494 94.41%
Net Assets in Top 10 1.51 B 85.9 K 7.08 B 5.59%
Weighting of Top 10 100.00% 38.8% 100.0% 2.37%

Top 10 Holdings

  1. Fidelity® Series Total Market Index 54.58%
  2. Fidelity® Series Global ex US Index 35.96%
  3. Fidelity® Series Bond Index 6.71%
  4. Fidelity® Series Long-Term Trs Bd Idx 2.75%
  5. Fidelity Revere Str Tr 0.00%

Asset Allocation

Weighting Return Low Return High FDKLX % Rank
Stocks
88.14% 47.53% 98.58% 70.39%
Bonds
9.27% 0.00% 92.57% 15.08%
Cash
2.51% -87.22% 50.24% 44.69%
Convertible Bonds
0.06% 0.00% 0.83% 42.74%
Other
0.02% -0.05% 11.40% 74.86%
Preferred Stocks
0.01% 0.00% 0.36% 63.13%

Stock Sector Breakdown

Weighting Return Low Return High FDKLX % Rank
Technology
19.83% 15.44% 22.08% 36.31%
Financial Services
15.73% 11.84% 17.92% 26.54%
Consumer Cyclical
12.11% 9.27% 14.14% 71.51%
Healthcare
11.98% 9.80% 17.12% 68.99%
Industrials
10.09% 9.15% 15.26% 71.79%
Communication Services
9.67% 6.12% 11.41% 15.92%
Consumer Defense
6.78% 4.74% 11.70% 37.71%
Basic Materials
4.63% 2.40% 5.65% 36.87%
Energy
3.43% 1.65% 4.03% 16.48%
Real Estate
3.12% 1.82% 8.98% 64.53%
Utilities
2.63% 0.61% 4.39% 58.66%

Stock Geographic Breakdown

Weighting Return Low Return High FDKLX % Rank
US
53.83% 30.59% 75.77% 70.67%
Non US
34.31% 16.94% 51.79% 44.69%

Bond Sector Breakdown

Weighting Return Low Return High FDKLX % Rank
Government
48.99% 0.00% 81.78% 8.10%
Cash & Equivalents
21.18% 2.08% 99.01% 74.86%
Securitized
15.22% 0.00% 30.02% 38.55%
Corporate
14.37% 0.10% 70.06% 61.45%
Municipal
0.24% 0.00% 3.84% 30.17%
Derivative
0.00% 0.00% 31.92% 68.72%

Bond Geographic Breakdown

Weighting Return Low Return High FDKLX % Rank
US
8.66% 0.00% 50.07% 12.85%
Non US
0.61% 0.00% 42.50% 57.26%

FDKLX - Expenses

Operational Fees

FDKLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.12% 0.02% 35.30% 94.70%
Management Fee 0.12% 0.00% 0.94% 37.03%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FDKLX 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

FDKLX 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.

FDKLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 67.00% 3.00% 208.00% 82.77%

FDKLX - Distributions

Dividend Yield Analysis

FDKLX Category Low Category High FDKLX % Rank
Dividend Yield 0.00% 0.00% 1.45% 23.06%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FDKLX Category Low Category High FDKLX % Rank
Net Income Ratio 1.85% -0.04% 8.75% 36.01%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FDKLX - Fund Manager Analysis

Managers

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Aug 05, 2014

6.66

6.7%

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

Aug 05, 2014

6.66

6.7%

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.

Finola McGuire Foley


Start Date

Tenure

Tenure Rank

Jun 15, 2018

2.79

2.8%

Finola Foley is a portfolio manager in the Global Asset Allocation group at Fidelity Investments. In this role Finola McGuire Foley is co-manager of each fund, which she has managed since June 2018 (other than Fidelity Freedom® Index 2065 Fund). She has managed Fidelity Freedom® Index 2065 Fund since June 2019. She also manages other funds. Since joining Fidelity Investments in 2003, Ms. Foley has worked as an assistant portfolio manager and portfolio manager Previously, Ms. Foley held various roles within Fidelity, including portfolio analyst and senior business analyst at Strategic Advisers LLC. She has been in the financial industry since joining Fidelity in 2005. Ms. Foley earned her BS in business information systems from University College Cork and her MBA in finance from Bentley University. She is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 8.11 2.37 1.25