FFFAX: Fidelity Freedom® Income

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FFFAX Fidelity Freedom® Income


Profile

FFFAX - Profile

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $3.3 B
  • Holdings in Top 10 89.3%

52 WEEK LOW AND HIGH

$12.05
$10.71
$12.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.47%

SALES FEES

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

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date Retirement

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Freedom® Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Oct 17, 1996
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • 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).


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Categories

Fund Company Quick Screens

FFFAX - Fund Company Quick Screens


Performance

FFFAX - Performance

Return Ranking - Trailing

Period FFFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -26.1% 10.4% 56.13%
1 Yr 3.3% -34.2% 12.3% 60.91%
3 Yr 0.6%* -14.5% 6.6% 63.45%
5 Yr 1.2%* -7.2% 7.0% 59.35%
10 Yr 0.9%* -3.9% 6.9% 66.80%

* Annualized

Return Ranking - Calendar

Period FFFAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -2.4% 20.5% 87.32%
2018 -6.8% -18.9% -3.6% 28.03%
2017 4.2% -12.3% 18.2% 75.99%
2016 1.7% -4.2% 6.9% 84.47%
2015 -4.1% -13.0% -0.3% 27.81%

Total Return Ranking - Trailing

Period FFFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -26.1% 10.4% 56.13%
1 Yr 3.3% -34.2% 12.3% 60.91%
3 Yr 3.0%* -13.4% 7.7% 43.70%
5 Yr 4.0%* -5.1% 9.3% 42.39%
10 Yr 4.0%* -1.1% 9.9% 52.46%

* Annualized

Total Return Ranking - Calendar

Period FFFAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -2.4% 20.5% 87.32%
2018 -2.1% -18.8% -0.9% 2.72%
2017 8.2% -12.3% 22.9% 67.40%
2016 5.2% 0.2% 9.2% 51.37%
2015 -0.4% -9.4% 0.7% 13.02%

NAV & Total Return History


Holdings

FFFAX - Holdings

Concentration Analysis

FFFAX Category Low Category High FFFAX % Rank
Net Assets 3.3 B 119 K 47.4 B 18.00%
Number of Holdings 36 1 738 3.78%
Net Assets in Top 10 2.94 B 97.6 K 46.2 B 16.06%
Weighting of Top 10 89.25% 32.6% 100.0% 34.04%

Top 10 Holdings

  1. Fidelity® Series Investment Grade Bond 38.11%
  2. Fidelity® Series Government Money Mkt 18.72%
  3. Fidelity® Series Infl-Prtct Bd Idx 11.77%
  4. Fidelity® Series Emerging Markets Opps 6.58%
  5. Fidelity® Series Short-Term Credit 4.68%
  6. Fidelity® Series Commodity Strategy 2.59%
  7. Fidelity® Series Long-Term Trs Bd Idx 2.26%
  8. Fidelity® Series Overseas 1.53%
  9. Fidelity® Series International Growth 1.53%
  10. Fidelity® Series International Value 1.48%

Asset Allocation

Weighting Return Low Return High FFFAX % Rank
Bonds
56.49% -40.53% 78.01% 32.44%
Cash
23.64% -16.71% 112.41% 5.98%
Stocks
18.98% 0.00% 79.92% 92.28%
Convertible Bonds
0.90% 0.00% 1.81% 8.82%
Preferred Stocks
0.12% 0.00% 7.51% 46.14%
Other
-0.13% -0.44% 100.00% 94.80%

Stock Sector Breakdown

Weighting Return Low Return High FFFAX % Rank
Financial Services
18.37% 3.32% 19.78% 4.77%
Technology
18.03% 1.82% 26.22% 53.90%
Consumer Cyclical
12.59% 1.88% 12.59% 0.48%
Healthcare
11.57% 1.66% 18.24% 87.28%
Communication Services
9.90% 0.21% 10.66% 14.31%
Industrials
8.81% 1.63% 15.38% 83.94%
Consumer Defense
6.43% 1.02% 22.06% 91.57%
Basic Materials
5.63% 0.76% 10.20% 7.79%
Energy
4.40% 0.59% 19.85% 24.64%
Real Estate
2.41% 0.43% 31.58% 91.57%
Utilities
1.86% 0.00% 8.63% 93.32%

Stock Geographic Breakdown

Weighting Return Low Return High FFFAX % Rank
Non US
12.69% 0.00% 34.42% 49.45%
US
6.29% 0.00% 63.48% 97.01%

Bond Sector Breakdown

Weighting Return Low Return High FFFAX % Rank
Government
29.71% 0.00% 98.99% 71.38%
Cash & Equivalents
29.02% 0.99% 112.41% 13.99%
Corporate
24.79% 0.00% 51.19% 39.75%
Securitized
16.00% 0.00% 41.85% 62.80%
Municipal
0.47% 0.00% 11.52% 30.05%
Derivative
0.01% -82.56% 28.22% 55.17%

Bond Geographic Breakdown

Weighting Return Low Return High FFFAX % Rank
US
49.64% -52.61% 74.70% 35.75%
Non US
6.85% -6.29% 45.47% 36.69%

Expenses

FFFAX - Expenses

Operational Fees

FFFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.47% 0.00% 24.81% 55.96%
Management Fee 0.47% 0.00% 0.77% 87.80%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FFFAX 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% 5.00% N/A

Trading Fees

FFFAX 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.

FFFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 0.00% 277.00% 33.50%

Distributions

FFFAX - Distributions

Dividend Yield Analysis

FFFAX Category Low Category High FFFAX % Rank
Dividend Yield 0.00% 0.00% 2.53% 65.26%

Dividend Distribution Analysis

FFFAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FFFAX Category Low Category High FFFAX % Rank
Net Income Ratio 1.90% 0.48% 6.21% 69.78%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FFFAX - Fund Manager Analysis

Managers

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 30, 2011

9.18

9.2%

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

Jan 21, 2014

6.61

6.6%

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
0.05 17.93 5.05 0.67