FFFAX: Fidelity Freedom® Income Fund - MutualFunds.com

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Fidelity Freedom® Income

FFFAX - Snapshot

Vitals

  • YTD Return 5.1%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 4.9%
  • Net Assets $3.25 B
  • Holdings in Top 10 89.3%

52 WEEK LOW AND HIGH

$12.30
$10.71
$12.34

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

Compare FFFAX to Popular Target Date Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$15.07

0.00%

$17.35 B

1.97%

$0.30

7.26%

-

$14.16

+0.28%

$8.06 B

1.94%

$0.27

8.51%

-

$24.29

0.00%

$7.05 B

1.98%

$0.48

7.38%

-

$12.32

+0.16%

$3.25 B

1.39%

$0.17

5.12%

-

$13.38

+0.45%

$2.50 B

1.55%

$0.21

3.72%

-

FFFAX - Profile

Distributions

  • YTD Total Return 5.1%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 4.9%
  • 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).


FFFAX - Performance

Return Ranking - Trailing

Period FFFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -17.7% 11.2% 61.89%
1 Yr 5.4% -15.6% 11.6% 34.55%
3 Yr 4.5%* -0.3% 7.6% 45.28%
5 Yr 4.9%* 1.1% 7.5% 42.16%
10 Yr 4.3%* 2.0% 6.3% 59.02%

* Annualized

Return Ranking - Calendar

Period FFFAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -1.1% 13.9% 69.86%
2018 -6.8% -13.1% 0.1% 55.74%
2017 4.2% -12.3% 10.3% 50.60%
2016 1.7% -74.7% 5.6% 64.52%
2015 -4.1% -9.3% 1.1% 54.10%

Total Return Ranking - Trailing

Period FFFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -17.7% 11.2% 61.89%
1 Yr 5.4% -15.6% 8.4% 26.75%
3 Yr 4.5%* -1.4% 6.5% 36.92%
5 Yr 4.9%* 0.8% 7.1% 34.68%
10 Yr 4.3%* 2.0% 6.3% 55.83%

* Annualized

Total Return Ranking - Calendar

Period FFFAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -1.1% 13.9% 69.86%
2018 -2.1% -12.9% 0.7% 18.58%
2017 8.2% -12.3% 12.7% 36.31%
2016 5.2% -2.2% 8.9% 30.32%
2015 -0.4% -8.0% 1.1% 20.49%

NAV & Total Return History


FFFAX - Holdings

Concentration Analysis

FFFAX Category Low Category High FFFAX % Rank
Net Assets 3.25 B 118 K 17.3 B 3.33%
Number of Holdings 35 1 1464 25.84%
Net Assets in Top 10 2.92 B 98.9 K 17.2 B 3.37%
Weighting of Top 10 89.32% 4.9% 100.0% 32.44%

Top 10 Holdings

  1. Fidelity® Series Investment Grade Bond 38.72%
  2. Fidelity® Series Government Money Mkt 18.62%
  3. Fidelity® Series Infl-Prtct Bd Idx 12.06%
  4. Fidelity® Series Emerging Markets Opps 6.15%
  5. Fidelity® Series Short-Term Credit 4.73%
  6. Fidelity® Series Commodity Strategy 2.42%
  7. Fidelity® Series Long-Term Trs Bd Idx 2.29%
  8. Fidelity® Series International Growth 1.46%
  9. Fidelity® Series Overseas 1.45%
  10. Fidelity® Series International Value 1.42%

Asset Allocation

Weighting Return Low Return High FFFAX % Rank
Bonds
57.37% 0.00% 184.99% 68.16%
Cash
23.29% -109.81% 100.00% 5.62%
Stocks
18.51% 0.00% 48.56% 62.17%
Convertible Bonds
0.88% 0.00% 6.48% 29.21%
Preferred Stocks
0.13% 0.00% 33.72% 19.85%
Other
-0.17% -0.20% 69.31% 97.38%

Stock Sector Breakdown

Weighting Return Low Return High FFFAX % Rank
Technology
18.84% 5.91% 26.43% 38.12%
Financial Services
16.88% 9.33% 17.79% 13.86%
Consumer Cyclical
14.16% 6.23% 14.39% 4.46%
Healthcare
11.09% 6.55% 15.41% 73.27%
Communication Services
9.67% 6.00% 10.24% 22.28%
Industrials
9.12% 5.57% 14.64% 81.19%
Consumer Defense
6.44% 3.98% 10.84% 92.57%
Basic Materials
5.61% 1.80% 7.01% 19.80%
Energy
3.83% 1.46% 12.54% 22.28%
Real Estate
2.31% 1.69% 33.88% 96.53%
Utilities
2.05% 0.80% 9.12% 96.04%

Stock Geographic Breakdown

Weighting Return Low Return High FFFAX % Rank
Non US
12.27% 0.00% 18.00% 22.47%
US
6.24% 0.00% 33.00% 71.54%

Bond Sector Breakdown

Weighting Return Low Return High FFFAX % Rank
Government
32.11% 0.00% 100.00% 44.94%
Cash & Equivalents
28.49% 0.00% 100.00% 10.86%
Corporate
22.81% 0.00% 99.81% 60.67%
Securitized
16.14% 0.00% 88.98% 49.06%
Municipal
0.44% 0.00% 100.00% 35.58%
Derivative
0.01% 0.00% 11.84% 41.95%

Bond Geographic Breakdown

Weighting Return Low Return High FFFAX % Rank
US
50.31% 0.00% 184.99% 73.41%
Non US
7.06% 0.00% 33.34% 46.44%

FFFAX - Expenses

Operational Fees

FFFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.47% 0.02% 22.41% 49.13%
Management Fee 0.47% 0.00% 1.08% 95.20%
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 2.75% 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% 35.15%

FFFAX - Distributions

Dividend Yield Analysis

FFFAX Category Low Category High FFFAX % Rank
Dividend Yield 0.00% 0.00% 2.45% 63.33%

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% -0.07% 6.21% 67.54%

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 +

FFFAX - Fund Manager Analysis

Managers

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 30, 2011

9.35

9.4%

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.

Brett Sumsion


Start Date

Tenure

Tenure Rank

Jan 21, 2014

6.78

6.8%

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
0.12 16.01 4.97 1.1
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