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FFFAX Fidelity Freedom® Income

  • Fund
  • FFFAX
  • Price as of: Jul 19, 2019
  • $11.60 - $0.01 - 0.09%
  • Category
  • Retirement Income

FFFAX - Profile

Vitals

  • YTD Return 5.6%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $3.4 B
  • Holdings in Top 10 73.6%

52 WEEK LOW AND HIGH

$11.60
$10.96
$11.65

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.46%

SALES FEES

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

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.02%
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 5.6% 5.4% 19.1% 96.52%
1 Yr 0.1% -11.0% 3.6% 46.09%
3 Yr 0.3%* -6.1% 4.9% 60.00%
5 Yr -0.2%* -4.1% 2.4% 54.78%
10 Yr 1.3%* -2.9% 7.4% 59.09%

* Annualized


Return Ranking - Calendar

Period FFFAX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.8% -17.9% -3.6% 33.04%
2017 4.2% -12.3% 18.5% 62.61%
2016 1.7% -2.5% 4.4% 69.57%
2015 -4.1% -15.0% -0.3% 44.35%
2014 -1.4% -6.5% 6.0% 73.21%

Total Return Ranking - Trailing

Period FFFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% 5.4% 19.1% 96.52%
1 Yr 3.4% -11.0% 5.7% 26.09%
3 Yr 4.0%* -6.1% 9.2% 25.22%
5 Yr 3.4%* -4.1% 6.5% 22.61%
10 Yr 4.9%* -2.9% 10.6% 36.36%

* Annualized


Total Return Ranking - Calendar

Period FFFAX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -17.9% -0.9% 3.48%
2017 8.2% -12.3% 22.8% 50.43%
2016 5.2% -1.4% 8.9% 29.57%
2015 -0.4% -8.3% 0.7% 13.04%
2014 4.0% -5.5% 7.9% 32.14%

NAV & Total Return History

FFFAX - Holdings

Concentration Analysis

FFFAX Category Low Category High FFFAX % Rank
Net Assets 3.4 B 10.8 M 16.8 B 1.74%
Number of Holdings 36 3 139 10.43%
Net Assets in Top 10 2.46 B 9.33 M 16.8 B 6.09%
Weighting of Top 10 73.55% 60.8% 104.7% 84.35%

Top 10 Holdings

  1. Fidelity® Series Investment Grade Bond 37.82%

  2. Fidelity® Series Infl-Prtct Bd Idx 13.38%

  3. Fidelity® Series Long-Term Trs Bd Idx 4.72%

  4. Fidelity® Series Short-Term Credit 4.46%

  5. Fidelity® Series Emerging Markets Opps 3.25%

  6. Fidelity® Series Commodity Strategy 2.76%

  7. Fidelity® Series International Growth 2.34%

  8. Fidelity® Series International Value 2.19%

  9. Fidelity® Series Intrinsic Opps 1.42%

  10. Fidelity® Series Large Cap Stock 1.20%


Asset Allocation

Weighting Return Low Return High FFFAX % Rank
Bonds
60.85% 0.00% 80.99% 54.78%
Cash
22.70% -3.88% 22.70% 0.87%
Stocks
16.13% 16.13% 98.33% 100.00%
Preferred Stocks
0.20% 0.00% 1.56% 11.30%
Convertible Bonds
0.17% 0.00% 1.49% 66.09%
Other
-0.03% -0.65% 15.07% 83.48%

Stock Sector Breakdown

Weighting Return Low Return High FFFAX % Rank
Financial Services
3.61% 0.44% 16.26% 79.13%
Technology
3.20% 0.04% 19.63% 79.13%
Consumer Cyclical
1.93% 0.08% 13.65% 80.00%
Healthcare
1.68% 0.08% 12.49% 83.48%
Industrials
1.67% 0.48% 11.50% 83.48%
Energy
1.05% 0.06% 5.68% 78.26%
Consumer Defense
1.05% 0.05% 7.58% 94.78%
Basic Materials
0.79% 0.18% 4.89% 90.43%
Real Estate
0.44% 0.36% 9.50% 92.17%
Communication Services
0.35% -0.87% 2.30% 93.04%
Utilities
0.30% 0.02% 2.98% 89.57%

Stock Geographic Breakdown

Weighting Return Low Return High FFFAX % Rank
Non US
9.09% 1.29% 34.67% 57.39%
US
7.04% 6.79% 63.66% 94.78%

Bond Sector Breakdown

Weighting Return Low Return High FFFAX % Rank
Government
30.44% 0.00% 68.89% 28.70%
Cash & Equivalents
22.91% -39.36% 22.91% 0.87%
Corporate
17.42% 0.01% 37.98% 63.48%
Securitized
13.17% 0.00% 33.10% 59.13%
Municipal
0.42% 0.00% 3.02% 20.00%
Derivative
-0.48% -3.60% 9.90% 93.04%

Bond Geographic Breakdown

Weighting Return Low Return High FFFAX % Rank
US
55.67% 0.00% 74.88% 56.52%
Non US
5.18% 0.00% 22.13% 58.26%

FFFAX - Expenses

Operational Fees

FFFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.00% 3.76% 58.26%
Management Fee 0.47% 0.00% 0.77% 93.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

FFFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.25% 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

Turnover 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 22.00% 1.00% 172.00% 35.65%

FFFAX - Distributions

Dividend Yield Analysis

FFFAX Category Low Category High FFFAX % Rank
Dividend Yield 0.01% 0.00% 0.13% 57.39%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FFFAX Category Low Category High FFFAX % Rank
Net Income Ratio 2.02% -0.32% 4.60% 53.04%

Capital Gain Distribution Analysis

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

FFFAX - Managers

Andrew Dierdorf

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2011

8.01

8.0%

Andrew Dierdorf is a portfolio manager in the Global Asset Allocation group at Fidelity Investments. In this role Mr. Dierdorf is responsible for co-managing multiple target date portfolios, including Fidelity ClearPath Portfolios, Fidelity Freedom Funds, and FIAM Target Date Strategies. Mr. Dierdorf joined Fidelity in 2004 and has been in the industry since 1993. Mr. Dierdorf earned his bachelor of science degree from the University of Delaware. He is a CFA charterholder, a Fellow of the Society of Actuaries, Chartered Market Technician, and Member of the American Academy of Actuaries.


Brett F. Sumsion

Manager

Start Date

Tenure

Tenure Rank

Jan 21, 2014

5.44

5.4%

Brett Sumsion is a portfolio manager in the Global Asset Allocation (GAA) group at Fidelity Investments. In this role, he is responsible for co-managing multiple target date portfolios, including Fidelity ClearPath Portfolios, Fidelity Income Replacement Funds, Fidelity Freedom Funds, and FIAM Target Date Strategies. Mr. Sumsion joined Fidelity in 2014 and has been in the investments industry since 2001. 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

0.0

Category High

16.76

Category Average

7.04

Category Mode

9.84