Fidelity Freedom® 2045
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
8.3%
1 yr return
30.7%
3 Yr Avg Return
14.3%
5 Yr Avg Return
14.2%
Net Assets
$19.8 B
Holdings in Top 10
71.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 21.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Target-Date 2045
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
FFFGX - Profile
Distributions
- YTD Total Return 8.3%
- 3 Yr Annualized Total Return 14.3%
- 5 Yr Annualized Total Return 14.2%
- Capital Gain Distribution Frequency Semi-Monthly
- Net Income Ratio 0.96%
- 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 ® U.S. equity funds, international equity funds, bond funds, and short-term funds. The adviser 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 | 8.3% | 2.6% | 15.5% | 90.83% |
| 1 Yr | 30.7% | 20.8% | 31.0% | 2.55% |
| 3 Yr | 14.3%* | 9.9% | 15.4% | 20.54% |
| 5 Yr | 14.2%* | 10.8% | 14.8% | 11.64% |
| 10 Yr | 11.5%* | 9.1% | 13.0% | 32.80% |
* Annualized
Return Ranking - Calendar
| Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 11.7% | 1.6% | 15.5% | 41.47% |
| 2019 | 17.2% | 5.3% | 23.0% | 66.67% |
| 2018 | -15.3% | -27.7% | -6.9% | 57.23% |
| 2017 | 17.3% | -18.3% | 20.0% | 32.10% |
| 2016 | 4.0% | -4.8% | 7.7% | 58.04% |
Total Return Ranking - Trailing
| Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.3% | 2.6% | 15.5% | 90.83% |
| 1 Yr | 30.7% | 15.0% | 31.0% | 2.76% |
| 3 Yr | 14.3%* | 7.8% | 15.4% | 19.90% |
| 5 Yr | 14.2%* | 9.7% | 14.8% | 12.00% |
| 10 Yr | 11.5%* | 9.1% | 13.0% | 33.33% |
* Annualized
Total Return Ranking - Calendar
| Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 11.7% | 1.6% | 15.5% | 41.47% |
| 2019 | 17.2% | 5.3% | 23.0% | 66.67% |
| 2018 | -13.0% | -23.9% | -5.5% | 63.01% |
| 2017 | 22.2% | -18.3% | 26.2% | 3.70% |
| 2016 | 8.5% | -2.6% | 12.3% | 20.28% |
NAV & Total Return History
FFFGX - Holdings
Concentration Analysis
| FFFGX | Category Low | Category High | FFFGX % Rank | |
|---|---|---|---|---|
| Net Assets | 19.8 B | 433 K | 43.8 B | 7.02% |
| Number of Holdings | 38 | 2 | 534 | 1.25% |
| Net Assets in Top 10 | 13.9 B | 197 K | 43.2 B | 7.08% |
| Weighting of Top 10 | 71.77% | 38.3% | 100.0% | 94.71% |
Top 10 Holdings
- Fidelity® Series Emerging Markets Opps 12.52%
- Fidelity® Series Intrinsic Opps 8.01%
- Fidelity® Series Growth Company 7.91%
- Fidelity® Series Overseas 7.22%
- Fidelity® Series International Growth 7.16%
- Fidelity® Series Large Cap Stock 7.07%
- Fidelity® Series International Value 7.02%
- Fidelity® Series Stk Selec Lg Cp Val 6.06%
- Fidelity® Series Value Discovery 4.65%
- Fidelity® Series Opportunistic Insights 4.15%
Asset Allocation
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| Stocks | 88.14% | 64.89% | 101.68% | 43.75% |
| Bonds | 6.95% | 0.09% | 70.15% | 60.42% |
| Cash | 4.11% | -79.67% | 27.69% | 24.58% |
| Other | 0.58% | -4.76% | 20.82% | 25.00% |
| Preferred Stocks | 0.14% | 0.00% | 0.38% | 26.25% |
| Convertible Bonds | 0.07% | 0.00% | 1.43% | 60.42% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| Technology | 18.32% | 14.96% | 23.61% | 77.50% |
| Financial Services | 17.97% | 12.91% | 18.39% | 4.58% |
| Healthcare | 12.38% | 9.78% | 14.89% | 48.75% |
| Industrials | 12.08% | 9.55% | 14.78% | 15.83% |
| Consumer Cyclical | 11.95% | 9.09% | 15.07% | 52.08% |
| Communication Services | 8.61% | 7.00% | 11.20% | 57.92% |
| Basic Materials | 5.46% | 3.18% | 5.69% | 5.42% |
| Consumer Defense | 5.25% | 4.26% | 10.93% | 92.08% |
| Energy | 4.15% | 1.75% | 4.15% | 0.83% |
| Utilities | 1.96% | 0.40% | 6.27% | 95.00% |
| Real Estate | 1.86% | 1.78% | 9.61% | 99.17% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| US | 44.32% | 30.69% | 68.78% | 93.33% |
| Non US | 43.82% | 18.25% | 46.42% | 2.92% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| Government | 45.51% | 0.09% | 70.42% | 18.75% |
| Cash & Equivalents | 42.23% | 0.91% | 70.45% | 20.42% |
| Corporate | 9.84% | 0.97% | 65.02% | 89.17% |
| Derivative | 1.57% | 0.00% | 33.66% | 29.17% |
| Securitized | 0.86% | 0.00% | 29.46% | 94.58% |
| Municipal | 0.00% | 0.00% | 31.31% | 90.00% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| US | 6.01% | -0.23% | 52.17% | 61.25% |
| Non US | 0.94% | -29.37% | 17.98% | 62.92% |
FFFGX - Expenses
Operational Fees
| FFFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.75% | 0.06% | 1.87% | 34.44% |
| Management Fee | 0.75% | 0.00% | 0.90% | 95.54% |
| 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 | 21.00% | 0.40% | 115.00% | 32.59% |
FFFGX - Distributions
Dividend Yield Analysis
| FFFGX | Category Low | Category High | FFFGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.14% | 46.69% |
Dividend Distribution Analysis
| FFFGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Quarterly | Semi-Annually |
Net Income Ratio Analysis
| FFFGX | Category Low | Category High | FFFGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.96% | -0.25% | 6.89% | 79.02% |
Capital Gain Distribution Analysis
| FFFGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Monthly | Annually | Semi-Monthly | Semi-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
10.18
10.2%
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
7.61
7.6%
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 |
|---|---|---|---|
| 0.07 | 16.84 | 4.98 | 1.67 |