FFFDX: Fidelity Freedom® 2020

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FFFDX Fidelity Freedom® 2020

  • Fund
  • FFFDX
  • Price as of: Dec 12, 2019
  • $16.63
    + $0.07 + 0.42%

Profile

FFFDX - Profile

Vitals

  • YTD Return 13.4%
  • 3 Yr Annualized Return 2.6%
  • 5 Yr Annualized Return 1.4%
  • Net Assets $27.2 B
  • Holdings in Top 10 71.0%

52 WEEK LOW AND HIGH

$16.63
$14.59
$16.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.61%

SALES FEES

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

BROKERAGE FEES

  • Turnover 19.00%

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 2020

Distributions

  • YTD Total Return 13.4%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.76%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Fidelity Freedom® 2020 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 Fidelity Freedom 2020 Fund (FFFDX) is a target-date fund of funds. Using a specified glide path, FFFDX invests in 24 different Fidelity funds, both active and passive. The fund provides exposure to both domestic stocks of all market caps as well as international stocks. Additionally, both domestic and foreign investment-grade bonds, commodities and real estate are included in the fund’s holdings. As FFFDX approaches 2020, it reduces its exposure to equities and increases its holdings in fixed-income securities.

Expenses for the fund are below average. Given its all-encompassing approach to retirement investing, FFFDX is perfect as a core option for investors looking to retire around 2020.


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Categories

Fund Company Quick Screens

FFFDX - Fund Company Quick Screens


Performance

FFFDX - Performance

Return Ranking - Trailing

Period FFFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.4% 0.6% 24.9% 77.58%
1 Yr 6.7% -13.0% 16.4% 66.13%
3 Yr 2.6%* -17.7% 12.1% 60.22%
5 Yr 1.4%* -11.2% 8.3% 49.47%
10 Yr 2.7%* -3.8% 10.3% 69.71%

* Annualized

Return Ranking - Calendar

Period FFFDX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.5% -30.8% -4.2% 32.43%
2017 10.5% -36.9% 19.9% 57.80%
2016 3.2% -5.2% 8.2% 59.55%
2015 -5.4% -25.3% -0.9% 48.42%
2014 -1.6% -12.7% 6.9% 71.08%

Total Return Ranking - Trailing

Period FFFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.4% 0.6% 24.9% 77.58%
1 Yr 6.7% -13.0% 20.2% 75.84%
3 Yr 5.7%* -17.7% 12.1% 57.08%
5 Yr 5.3%* -11.2% 8.7% 49.82%
10 Yr 6.8%* -3.8% 10.3% 57.05%

* Annualized

Total Return Ranking - Calendar

Period FFFDX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.3% -25.4% -1.4% 46.75%
2017 15.7% -36.9% 23.3% 45.12%
2016 7.2% -3.2% 12.3% 33.04%
2015 -0.2% -25.3% 3.9% 7.23%
2014 5.6% -8.5% 8.9% 35.88%

NAV & Total Return History


Holdings

FFFDX - Holdings

Concentration Analysis

FFFDX Category Low Category High FFFDX % Rank
Net Assets 27.2 B 32 K 33.9 B 0.60%
Number of Holdings 37 3 495 4.13%
Net Assets in Top 10 19.2 B 23.1 K 24.2 B 0.60%
Weighting of Top 10 71.03% 25.2% 105.7% 81.80%

Top 10 Holdings

  1. Fidelity® Series Investment Grade Bond 24.83%
  2. Fidelity® Series Emerging Markets Opps 6.93%
  3. Fidelity® Series Infl-Prtct Bd Idx 6.70%
  4. Fidelity® Series International Growth 6.04%
  5. Fidelity® Series International Value 5.84%
  6. Fidelity® Series Intrinsic Opps 5.04%
  7. Fidelity® Series Large Cap Stock 4.51%
  8. Fidelity® Series Growth Company 4.20%
  9. Fidelity® Series Commodity Strategy 3.46%
  10. Fidelity® Series Stk Selec Lg Cp Val 3.46%

Asset Allocation

Weighting Return Low Return High FFFDX % Rank
Stocks
50.57% 0.00% 94.89% 70.87%
Bonds
36.16% -156.19% 78.78% 36.67%
Cash
12.51% -16.04% 187.11% 12.13%
Convertible Bonds
0.41% 0.00% 5.73% 22.27%
Preferred Stocks
0.19% 0.00% 36.59% 19.33%
Other
0.16% -1.10% 13.87% 36.53%

Stock Sector Breakdown

Weighting Return Low Return High FFFDX % Rank
Financial Services
11.00% 1.17% 19.11% 56.00%
Technology
7.18% 0.00% 18.34% 71.60%
Healthcare
6.29% 0.00% 12.36% 68.33%
Consumer Cyclical
5.46% 0.00% 11.12% 68.07%
Industrials
5.43% 0.00% 11.94% 73.00%
Communication Services
4.27% 0.00% 9.66% 55.40%
Consumer Defense
3.32% 0.00% 15.01% 82.47%
Energy
3.01% 0.00% 5.13% 50.93%
Basic Materials
2.17% 0.00% 5.08% 65.60%
Real Estate
1.29% 0.00% 9.49% 93.93%
Utilities
1.11% 0.00% 4.01% 87.87%

Stock Geographic Breakdown

Weighting Return Low Return High FFFDX % Rank
US
25.56% 0.00% 65.10% 84.40%
Non US
25.01% 0.00% 41.76% 48.40%

Bond Sector Breakdown

Weighting Return Low Return High FFFDX % Rank
Government
17.61% -2.84% 38.38% 27.33%
Cash & Equivalents
12.84% -17.23% 187.10% 10.80%
Corporate
11.14% 0.87% 98.95% 37.60%
Securitized
7.84% 0.00% 29.86% 41.20%
Municipal
0.23% 0.00% 1.67% 18.53%
Derivative
-0.39% -170.75% 16.06% 90.13%

Bond Geographic Breakdown

Weighting Return Low Return High FFFDX % Rank
US
32.69% -189.52% 69.13% 34.53%
Non US
3.47% -9.69% 33.33% 40.47%

Expenses

FFFDX - Expenses

Operational Fees

FFFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.61% 0.00% 150.91% 48.51%
Management Fee 0.60% 0.00% 1.05% 92.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

FFFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 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 2.00% 2.00% 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 19.00% 0.00% 195.70% 29.20%

Distributions

FFFDX - Distributions

Dividend Yield Analysis

FFFDX Category Low Category High FFFDX % Rank
Dividend Yield 0.00% 0.00% 3.91% 96.00%

Dividend Distribution Analysis

FFFDX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Annually Annually

Net Income Ratio Analysis

FFFDX Category Low Category High FFFDX % Rank
Net Income Ratio 1.76% -0.74% 6.29% 63.77%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FFFDX - Fund Manager Analysis

Managers

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 30, 2011

8.42

8.4%

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


Start Date

Tenure

Tenure Rank

Jan 21, 2014

5.86

5.9%

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 Category High Category Average Category Mode
0.16 15.09 4.8 1.25