FFFEX: Fidelity Freedom® 2030

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FFFEX Fidelity Freedom® 2030

  • Fund
  • FFFEX
  • Price as of: Dec 05, 2019
  • $17.92
    - $0.00 - 0.00%

Profile

FFFEX - Profile

Vitals

  • YTD Return 14.3%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 1.4%
  • Net Assets $33.9 B
  • Holdings in Top 10 72.8%

52 WEEK LOW AND HIGH

$17.92
$15.54
$18.04

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.69%

SALES FEES

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

BROKERAGE FEES

  • Turnover 18.00%

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 2030

Distributions

  • YTD Total Return 14.3%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.61%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Fidelity Freedom® 2030 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 2030 Fund (FFFEX) is a target-date fund of funds. Using a specified glide path, FFFEX invests in 24 other 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 FFFEX approaches 2030, it will reduce its exposure to equities and increase its holdings in fixed-income securities.

Expenses for the fund are below average. Given its all-encompassing approach to retirement investing, FFFEX is perfect as a core option for investors looking to retire around the year 2030.


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Categories

Fund Company Quick Screens

FFFEX - Fund Company Quick Screens


Performance

FFFEX - Performance

Return Ranking - Trailing

Period FFFEX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.3% 1.9% 23.3% 68.02%
1 Yr 5.9% -14.9% 14.6% 54.09%
3 Yr 4.0%* -17.2% 12.1% 45.52%
5 Yr 1.4%* -11.2% 8.3% 42.82%
10 Yr 3.6%* -3.5% 10.3% 55.07%

* Annualized

Return Ranking - Calendar

Period FFFEX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.2% -30.8% -4.2% 50.51%
2017 14.4% -36.9% 19.9% 32.12%
2016 3.8% -5.2% 8.2% 48.00%
2015 -5.7% -25.3% -0.9% 50.94%
2014 -1.0% -12.7% 6.9% 66.67%

Total Return Ranking - Trailing

Period FFFEX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.3% 1.7% 23.2% 67.80%
1 Yr 5.9% -15.1% 16.6% 65.81%
3 Yr 7.2%* -17.2% 12.1% 40.73%
5 Yr 5.5%* -11.3% 8.3% 32.39%
10 Yr 7.7%* -3.5% 10.3% 31.94%

* Annualized

Total Return Ranking - Calendar

Period FFFEX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.9% -25.4% -2.1% 58.09%
2017 19.8% -36.9% 23.3% 13.64%
2016 8.1% -3.2% 12.3% 17.03%
2015 -0.1% -25.3% 3.9% 5.65%
2014 5.9% -8.5% 8.9% 27.71%

NAV & Total Return History


Holdings

FFFEX - Holdings

Concentration Analysis

FFFEX Category Low Category High FFFEX % Rank
Net Assets 33.9 B 32 K 33.9 B 0.07%
Number of Holdings 35 3 495 6.31%
Net Assets in Top 10 24.2 B 23.1 K 24.2 B 0.07%
Weighting of Top 10 72.80% 25.2% 105.7% 73.42%

Top 10 Holdings

  1. Fidelity® Series Investment Grade Bond 18.31%
  2. Fidelity® Series Emerging Markets Opps 8.45%
  3. Fidelity® Series International Growth 7.69%
  4. Fidelity® Series International Value 7.55%
  5. Fidelity® Series Intrinsic Opps 6.84%
  6. Fidelity® Series Large Cap Stock 6.12%
  7. Fidelity® Series Growth Company 5.66%
  8. Fidelity® Series Stk Selec Lg Cp Val 4.69%
  9. Fidelity® Series Infl-Prtct Bd Idx 4.03%
  10. Fidelity® Series Commodity Strategy 3.45%

Asset Allocation

Weighting Return Low Return High FFFEX % Rank
Stocks
66.47% 0.00% 94.89% 50.98%
Bonds
25.83% -156.19% 71.94% 51.19%
Cash
6.98% -16.04% 187.11% 26.64%
Convertible Bonds
0.29% 0.00% 5.73% 35.05%
Other
0.22% -1.10% 13.87% 32.14%
Preferred Stocks
0.21% 0.00% 36.59% 17.63%

Stock Sector Breakdown

Weighting Return Low Return High FFFEX % Rank
Financial Services
14.38% 1.17% 19.11% 23.66%
Technology
9.48% 0.00% 18.34% 55.32%
Healthcare
8.41% 0.00% 12.36% 42.37%
Consumer Cyclical
7.19% 0.00% 11.12% 49.97%
Industrials
7.10% 0.00% 11.94% 53.69%
Communication Services
5.63% 0.00% 9.66% 37.83%
Consumer Defense
4.35% 0.00% 15.01% 65.29%
Energy
3.96% 0.00% 5.13% 23.80%
Basic Materials
2.78% 0.00% 5.08% 47.73%
Real Estate
1.66% 0.00% 9.49% 89.08%
Utilities
1.46% 0.00% 4.01% 75.66%

Stock Geographic Breakdown

Weighting Return Low Return High FFFEX % Rank
US
34.71% 0.00% 65.10% 64.68%
Non US
31.76% 0.00% 41.76% 20.61%

Bond Sector Breakdown

Weighting Return Low Return High FFFEX % Rank
Government
12.75% -2.84% 38.38% 43.12%
Corporate
7.90% 0.87% 98.95% 58.24%
Cash & Equivalents
7.20% -17.23% 187.10% 25.15%
Securitized
5.55% 0.00% 29.86% 53.29%
Municipal
0.16% 0.00% 1.67% 30.71%
Derivative
-0.26% -170.75% 16.06% 86.85%

Bond Geographic Breakdown

Weighting Return Low Return High FFFEX % Rank
US
23.23% -189.52% 68.24% 51.32%
Non US
2.60% -9.69% 33.33% 52.81%

Expenses

FFFEX - Expenses

Operational Fees

FFFEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.00% 150.91% 41.30%
Management Fee 0.69% 0.00% 1.05% 95.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

FFFEX 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

FFFEX 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.

FFFEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 0.00% 195.70% 26.25%

Distributions

FFFEX - Distributions

Dividend Yield Analysis

FFFEX Category Low Category High FFFEX % Rank
Dividend Yield 0.00% 0.00% 3.91% 99.59%

Dividend Distribution Analysis

FFFEX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

FFFEX Category Low Category High FFFEX % Rank
Net Income Ratio 1.61% -0.74% 6.29% 71.41%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FFFEX - 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 4.82 1.25