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Fidelity Freedom® 2020
- FFFDX
- Price as of: Oct 28, 2020
-
$16.47
N/A N/A
- Primary Theme
- Target-Date 2020
- Fund Company
- Fidelity Investments
- Share Class
FFFDX - Snapshot
Vitals
- YTD Return 0.0%
- 3 Yr Annualized Return 6.2%
- 5 Yr Annualized Return 8.2%
- Net Assets $24.8 B
- Holdings in Top 10 73.3%
52 WEEK LOW AND HIGH
$16.47
$13.26
$16.89
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.60%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 23.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA $2,500
Fund Classification
-
Primary Theme
Target-Date 2020
- Fund Type Open End Mutual Fund
- Investment Style Target-Date 2020
FFFDX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return 6.2%
- 5 Yr Annualized Total Return 8.2%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 1.76%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameFidelity Freedom® 2020 Fund
-
Fund Family NameFidelity Investments
-
Inception DateOct 17, 1996
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAndrew Dierdorf
Fund Description
The fund invests in a combination of Fidelity ® domestic equity funds, international equity funds, bond funds, and short-term funds. It allocates its assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Freedom ® Income Fund, approximately 10 to 19 years after the year 2020.
FFFDX - Performance
Return Ranking - Trailing
| Period | FFFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -13.6% | 9.1% | 76.63% |
| 1 Yr | 9.5% | -8.8% | 13.1% | 3.76% |
| 3 Yr | 6.2%* | -0.5% | 8.1% | 20.73% |
| 5 Yr | 8.2%* | 2.5% | 8.6% | 9.03% |
| 10 Yr | 7.3%* | 3.7% | 8.3% | 34.82% |
* Annualized
Return Ranking - Calendar
| Period | FFFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 10.5% | -0.2% | 15.6% | 58.76% |
| 2018 | -11.5% | -16.8% | -5.1% | 64.10% |
| 2017 | 10.5% | -13.1% | 12.5% | 11.89% |
| 2016 | 3.2% | -1.8% | 6.3% | 53.72% |
| 2015 | -5.4% | -10.7% | -1.8% | 60.78% |
Total Return Ranking - Trailing
| Period | FFFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -13.6% | 9.1% | 76.63% |
| 1 Yr | 9.5% | -8.8% | 13.1% | 3.78% |
| 3 Yr | 6.2%* | -0.5% | 8.1% | 20.73% |
| 5 Yr | 8.2%* | 1.7% | 8.6% | 9.03% |
| 10 Yr | 7.3%* | 3.7% | 8.3% | 33.93% |
* Annualized
Total Return Ranking - Calendar
| Period | FFFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 10.5% | -0.2% | 15.6% | 58.76% |
| 2018 | -9.3% | -16.8% | -2.7% | 67.95% |
| 2017 | 15.7% | -13.1% | 15.7% | 0.70% |
| 2016 | 7.2% | -1.0% | 9.0% | 14.05% |
| 2015 | -0.2% | -9.4% | 0.1% | 4.90% |
NAV & Total Return History
FFFDX - Holdings
Concentration Analysis
| FFFDX | Category Low | Category High | FFFDX % Rank | |
|---|---|---|---|---|
| Net Assets | 24.8 B | 125 K | 31.9 B | 1.99% |
| Number of Holdings | 35 | 4 | 509 | 6.19% |
| Net Assets in Top 10 | 18.6 B | 83.8 K | 31.7 B | 2.58% |
| Weighting of Top 10 | 73.30% | 45.6% | 100.0% | 73.77% |
Top 10 Holdings
- Fidelity® Series Investment Grade Bond 25.00%
- Fidelity® Series Emerging Markets Opps 9.86%
- Fidelity® Series Infl-Prtct Bd Idx 6.92%
- Fidelity® Series Government Money Mkt 6.22%
- Fidelity® Series Growth Company 4.85%
- Fidelity® Series Intrinsic Opps 4.42%
- Fidelity® Series International Growth 4.08%
- Fidelity® Series Overseas 4.04%
- Fidelity® Series International Value 4.00%
- Fidelity® Series Large Cap Stock 3.90%
Asset Allocation
| Weighting | Return Low | Return High | FFFDX % Rank | |
|---|---|---|---|---|
| Stocks | 52.13% | 19.46% | 60.00% | 17.53% |
| Bonds | 36.65% | 4.67% | 74.43% | 91.24% |
| Cash | 10.30% | -19.38% | 13.56% | 14.43% |
| Convertible Bonds | 0.60% | 0.00% | 1.85% | 32.47% |
| Other | 0.20% | -0.50% | 61.54% | 47.42% |
| Preferred Stocks | 0.13% | 0.00% | 2.01% | 32.47% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FFFDX % Rank | |
|---|---|---|---|---|
| Technology | 18.77% | 10.24% | 26.12% | 44.33% |
| Financial Services | 17.01% | 9.94% | 17.60% | 7.73% |
| Healthcare | 13.69% | 10.73% | 17.37% | 35.05% |
| Consumer Cyclical | 12.49% | 6.60% | 12.94% | 7.73% |
| Industrials | 9.67% | 6.31% | 14.63% | 65.46% |
| Communication Services | 9.27% | 5.42% | 10.56% | 29.90% |
| Consumer Defense | 6.20% | 5.76% | 12.16% | 93.81% |
| Basic Materials | 4.97% | 1.96% | 7.00% | 31.96% |
| Energy | 3.95% | 1.71% | 7.86% | 22.16% |
| Real Estate | 1.99% | 1.97% | 18.61% | 99.48% |
| Utilities | 1.98% | 0.81% | 6.16% | 93.81% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FFFDX % Rank | |
|---|---|---|---|---|
| Non US | 27.51% | 2.03% | 27.51% | 1.55% |
| US | 24.62% | 7.25% | 44.23% | 63.92% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FFFDX % Rank | |
|---|---|---|---|---|
| Government | 33.46% | 11.85% | 98.94% | 52.58% |
| Corporate | 27.17% | 0.00% | 56.68% | 53.61% |
| Cash & Equivalents | 21.74% | 0.99% | 55.15% | 20.10% |
| Securitized | 17.05% | 0.00% | 41.58% | 65.98% |
| Municipal | 0.53% | 0.00% | 5.97% | 22.16% |
| Derivative | 0.06% | 0.00% | 34.09% | 54.64% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FFFDX % Rank | |
|---|---|---|---|---|
| US | 31.90% | 4.30% | 74.43% | 83.51% |
| Non US | 4.75% | 0.00% | 45.17% | 63.40% |
FFFDX - Expenses
Operational Fees
| FFFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.60% | 0.01% | 13.33% | 45.03% |
| Management Fee | 0.59% | 0.00% | 0.78% | 96.00% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
| FFFDX 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
| FFFDX 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.
| FFFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 23.00% | 0.00% | 180.00% | 33.15% |
FFFDX - Distributions
Dividend Yield Analysis
| FFFDX | Category Low | Category High | FFFDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.72% | 63.18% |
Dividend Distribution Analysis
| FFFDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| FFFDX | Category Low | Category High | FFFDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.76% | 0.14% | 4.46% | 78.80% |
Capital Gain Distribution Analysis
| FFFDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| May 15, 2017 | $0.037 |
| May 14, 2012 | $0.039 |
| Dec 30, 2011 | $0.230 |
| May 12, 2011 | $0.034 |
| Dec 31, 2010 | $0.196 |
| May 10, 2010 | $0.040 |
| Dec 29, 2009 | $0.240 |
| May 18, 2009 | $0.045 |
| Dec 29, 2008 | $0.280 |
| May 12, 2008 | $0.030 |
| Dec 31, 2007 | $0.320 |
| May 07, 2007 | $0.050 |
| Dec 29, 2006 | $0.230 |
| May 15, 2006 | $0.050 |
| Dec 30, 2005 | $0.210 |
| May 16, 2005 | $0.020 |
| Dec 30, 2004 | $0.210 |
| May 17, 2004 | $0.050 |
| Dec 29, 2003 | $0.180 |
| May 05, 2003 | $0.040 |
| Dec 30, 2002 | $0.170 |
| May 06, 2002 | $0.050 |
| Dec 31, 2001 | $0.190 |
| May 07, 2001 | $0.070 |
| Jan 02, 2001 | $0.320 |
| Nov 23, 1999 | $0.400 |
| May 10, 1999 | $0.050 |
| Dec 31, 1998 | $0.240 |
FFFDX - Fund Manager Analysis
Managers
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Jun 30, 2011
9.26
9.3%
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
6.7
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.25 | 18.01 | 5.45 | 0.75 |
