Fidelity Freedom® 2045
- FFFGX
- Price as of: Mar 04, 2021
-
$14.04
N/A N/A
- Primary Theme
- Target-Date 2045
- Fund Company
- Fidelity Investments
- Share Class
FFFGX - Snapshot
Vitals
- YTD Return 2.8%
- 3 Yr Annualized Return 11.3%
- 5 Yr Annualized Return 14.7%
- Net Assets $18.7 B
- Holdings in Top 10 72.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.75%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 28.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA $2,500
Fund Classification
-
Primary Theme
Target-Date 2045
- Fund Type Open End Mutual Fund
- Investment Style Target-Date 2045
FFFGX - Profile
Distributions
- YTD Total Return 2.8%
- 3 Yr Annualized Total Return 11.3%
- 5 Yr Annualized Total Return 14.7%
- Capital Gain Distribution Frequency Semi-Monthly
- Net Income Ratio 1.52%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameFidelity Freedom® 2045 Fund
-
Fund Family NameFidelity Investments
-
Inception DateJun 01, 2006
-
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 2045.
FFFGX - Performance
Return Ranking - Trailing
Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.8% | -0.6% | 5.3% | 4.31% |
1 Yr | 33.0% | 15.6% | 35.0% | 4.29% |
3 Yr | 11.3%* | 7.2% | 12.1% | 17.84% |
5 Yr | 14.7%* | 10.9% | 15.0% | 8.70% |
10 Yr | 9.5%* | 7.0% | 11.0% | 30.33% |
* Annualized
Return Ranking - Calendar
Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 11.7% | 1.6% | 15.5% | 41.36% |
2019 | 17.2% | 5.3% | 23.0% | 66.83% |
2018 | -15.3% | -27.7% | -6.9% | 57.47% |
2017 | 17.3% | -18.3% | 20.0% | 31.90% |
2016 | 4.0% | -4.8% | 7.7% | 57.64% |
Total Return Ranking - Trailing
Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.8% | -0.6% | 5.3% | 4.31% |
1 Yr | 33.0% | 14.9% | 35.0% | 4.19% |
3 Yr | 11.3%* | 5.1% | 12.1% | 17.86% |
5 Yr | 14.7%* | 9.6% | 15.0% | 9.41% |
10 Yr | 9.5%* | 7.0% | 11.0% | 30.83% |
* Annualized
Total Return Ranking - Calendar
Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 11.7% | 1.6% | 15.5% | 41.36% |
2019 | 17.2% | 5.3% | 23.0% | 66.83% |
2018 | -13.0% | -23.9% | -5.5% | 63.22% |
2017 | 22.2% | -18.3% | 26.2% | 3.68% |
2016 | 8.5% | -2.6% | 12.3% | 20.14% |
NAV & Total Return History
FFFGX - Holdings
Concentration Analysis
FFFGX | Category Low | Category High | FFFGX % Rank | |
---|---|---|---|---|
Net Assets | 18.7 B | 155 K | 33.8 B | 7.20% |
Number of Holdings | 37 | 1 | 518 | 4.24% |
Net Assets in Top 10 | 13.2 B | 122 K | 33.6 B | 1.69% |
Weighting of Top 10 | 72.74% | 37.9% | 100.0% | 88.63% |
Top 10 Holdings
- Fidelity® Series Emerging Markets Opps 14.88%
- Fidelity® Series Intrinsic Opps 8.28%
- Fidelity® Series Growth Company 7.92%
- Fidelity® Series Large Cap Stock 6.98%
- Fidelity® Series International Growth 6.86%
- Fidelity® Series International Value 6.82%
- Fidelity® Series Overseas 6.58%
- Fidelity® Series Stk Selec Lg Cp Val 5.91%
- Fidelity® Series Value Discovery 4.55%
- Fidelity® Series Opportunistic Insights 3.96%
Asset Allocation
Weighting | Return Low | Return High | FFFGX % Rank | |
---|---|---|---|---|
Stocks | 88.20% | 66.41% | 97.77% | 44.92% |
Bonds | 5.91% | -1.09% | 86.37% | 72.03% |
Cash | 5.13% | -75.44% | 9.14% | 12.29% |
Other | 0.56% | -0.14% | 19.44% | 29.66% |
Preferred Stocks | 0.13% | 0.00% | 0.65% | 30.93% |
Convertible Bonds | 0.06% | 0.00% | 1.55% | 69.49% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FFFGX % Rank | |
---|---|---|---|---|
Technology | 18.76% | 15.43% | 22.21% | 71.61% |
Financial Services | 17.25% | 11.42% | 17.62% | 4.66% |
Consumer Cyclical | 13.08% | 9.46% | 14.17% | 19.49% |
Healthcare | 12.78% | 10.04% | 17.02% | 34.75% |
Industrials | 10.77% | 9.08% | 14.80% | 46.19% |
Communication Services | 8.54% | 6.84% | 11.22% | 64.41% |
Consumer Defense | 5.78% | 4.91% | 11.99% | 89.41% |
Basic Materials | 5.11% | 2.50% | 5.51% | 9.75% |
Energy | 3.61% | 1.65% | 3.61% | 0.85% |
Utilities | 2.44% | 0.61% | 4.45% | 80.08% |
Real Estate | 1.87% | 1.79% | 9.14% | 99.15% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FFFGX % Rank | |
---|---|---|---|---|
Non US | 44.76% | 14.32% | 48.53% | 2.97% |
US | 43.44% | 35.99% | 68.54% | 94.49% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FFFGX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 48.24% | 0.58% | 62.66% | 3.39% |
Government | 39.99% | 7.43% | 67.75% | 25.85% |
Corporate | 10.07% | 0.10% | 70.24% | 94.49% |
Securitized | 1.21% | 0.00% | 29.22% | 95.76% |
Derivative | 0.49% | 0.00% | 29.03% | 30.08% |
Municipal | 0.01% | 0.00% | 9.80% | 76.27% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FFFGX % Rank | |
---|---|---|---|---|
US | 5.06% | -1.78% | 45.75% | 73.31% |
Non US | 0.85% | -13.41% | 40.62% | 59.75% |
FFFGX - Expenses
Operational Fees
FFFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.75% | 0.01% | 44.47% | 34.88% |
Management Fee | 0.75% | 0.00% | 0.90% | 95.87% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
FFFGX 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
FFFGX 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.
FFFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 28.00% | 2.56% | 101.00% | 48.40% |
FFFGX - Distributions
Dividend Yield Analysis
FFFGX | Category Low | Category High | FFFGX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.16% | 45.34% |
Dividend Distribution Analysis
FFFGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | Annually |
Net Income Ratio Analysis
FFFGX | Category Low | Category High | FFFGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.52% | 0.11% | 6.89% | 65.70% |
Capital Gain Distribution Analysis
FFFGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Monthly | Annually | Semi-Monthly | Annually |
Dividend Payout History
Date | Amount |
---|---|
May 15, 2017 | $0.006 |
Dec 30, 2015 | $0.145 |
May 14, 2012 | $0.017 |
Dec 30, 2011 | $0.138 |
May 12, 2011 | $0.015 |
Dec 31, 2010 | $0.123 |
May 10, 2010 | $0.015 |
Dec 29, 2009 | $0.130 |
May 18, 2009 | $0.015 |
Dec 29, 2008 | $0.130 |
May 12, 2008 | $0.015 |
Dec 31, 2007 | $0.120 |
May 07, 2007 | $0.010 |
Dec 29, 2006 | $0.070 |
FFFGX - Fund Manager Analysis
Managers
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Jun 30, 2011
9.67
9.7%
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
7.11
7.1%
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 |
---|---|---|---|
0.02 | 16.34 | 4.89 | 1.16 |