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FFFGX Fidelity Freedom® 2045

  • Fund
  • FFFGX
  • Price as of: Jul 19, 2019
  • $11.38 - $0.04 - 0.35%
  • Category
  • Target Retirement Date

FFFGX - Profile

Vitals

  • YTD Return 10.8%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $14.1 B
  • Holdings in Top 10 75.2%

52 WEEK LOW AND HIGH

$11.38
$10.13
$12.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

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

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2045

Distributions

  • YTD Total Return 11.2%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Semi-Monthly
  • Net Income Ratio 1.37%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity Freedom® 2045 Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Jun 01, 2006
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Andrew Dierdorf

Fund Description

The Fidelity Freedom 2045 Fund (FFFGX) is a target-date fund of funds. Using a specified glide path, FFFGX invests in 27 other active and passive Fidelity funds. 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 firms are included in the fund’s holdings. As FFFGX approaches 2045, 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, FFFGX is perfect as a core option for investors looking to retire around the year 2045.

FFFGX - Performance

Return Ranking - Trailing

Period FFFGX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.8% -31.7% 19.7% 75.25%
1 Yr -6.2% -44.9% 3.5% 76.04%
3 Yr 4.0%* -18.3% 8.6% 29.06%
5 Yr 1.2%* -12.0% 8.8% 32.27%
10 Yr 4.5%* -6.0% 8.7% 36.20%

* Annualized


Return Ranking - Calendar

Period FFFGX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.3% -25.1% -0.4% 68.50%
2017 17.3% -36.9% 20.0% 15.82%
2016 4.0% -5.2% 8.1% 42.30%
2015 -5.5% -25.3% -0.8% 50.11%
2014 -4.2% -49.7% 34.8% 91.47%

Total Return Ranking - Trailing

Period FFFGX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.2% -31.7% 19.7% 73.39%
1 Yr -5.9% -43.3% 6.9% 84.69%
3 Yr 7.1%* -18.3% 11.3% 36.44%
5 Yr 4.9%* -12.0% 8.8% 36.76%
10 Yr 9.1%* -4.1% 11.6% 22.05%

* Annualized


Total Return Ranking - Calendar

Period FFFGX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -25.1% -0.3% 72.08%
2017 22.2% -36.9% 26.6% 2.43%
2016 8.5% -4.7% 12.3% 11.24%
2015 -1.8% -25.3% 3.9% 47.10%
2014 5.9% -47.6% 39.2% 23.74%

NAV & Total Return History

FFFGX - Holdings

Concentration Analysis

FFFGX Category Low Category High FFFGX % Rank
Net Assets 14.1 B 1.23 M 43.6 B 5.79%
Number of Holdings 32 3 142 12.79%
Net Assets in Top 10 9.99 B 1.09 M 43.6 B 6.00%
Weighting of Top 10 75.15% 17.8% 109.7% 61.54%

Top 10 Holdings

  1. Fidelity® Series Intrinsic Opps 9.90%

  2. Fidelity® Series International Growth 9.56%

  3. Fidelity® Series Emerging Markets Opps 9.02%

  4. Fidelity® Series Large Cap Stock 8.83%

  5. Fidelity® Series International Value 8.73%

  6. Fidelity® Series Growth Company 8.51%

  7. Fidelity® Series Stk Selec Lg Cp Val 6.84%

  8. Fidelity® Series Value Discovery 4.79%

  9. Fidelity® Series Opportunistic Insights 4.69%

  10. Fidelity® Series Blue Chip Growth 4.29%


Asset Allocation

Weighting Return Low Return High FFFGX % Rank
Stocks
85.14% 0.08% 97.53% 23.52%
Cash
7.23% -100.79% 23.12% 22.66%
Bonds
6.95% 1.03% 137.62% 89.56%
Preferred Stocks
0.63% 0.00% 7.14% 2.93%
Convertible Bonds
0.07% 0.00% 3.36% 65.19%
Other
-0.01% -0.85% 24.53% 80.84%

Stock Sector Breakdown

Weighting Return Low Return High FFFGX % Rank
Financial Services
17.79% 1.51% 18.80% 1.65%
Technology
17.06% 1.41% 20.72% 15.52%
Consumer Cyclical
10.66% 0.95% 12.33% 10.73%
Healthcare
10.44% 1.06% 13.46% 15.45%
Industrials
8.63% 0.83% 13.93% 29.83%
Energy
5.57% 0.40% 6.45% 4.79%
Consumer Defense
5.57% 0.83% 16.80% 41.06%
Basic Materials
3.36% 0.16% 5.40% 36.55%
Communication Services
2.15% 0.30% 4.07% 41.06%
Real Estate
1.97% 0.38% 18.90% 69.81%
Utilities
1.70% 0.05% 5.43% 61.30%

Stock Geographic Breakdown

Weighting Return Low Return High FFFGX % Rank
US
49.54% 0.08% 66.20% 38.74%
Non US
35.60% 0.00% 46.30% 3.72%

Bond Sector Breakdown

Weighting Return Low Return High FFFGX % Rank
Cash & Equivalents
7.41% -120.10% 23.97% 20.51%
Government
4.87% 0.00% 137.62% 71.55%
Corporate
2.34% 0.26% 51.60% 87.78%
Securitized
0.42% 0.00% 60.24% 92.64%
Municipal
0.01% 0.00% 3.09% 75.91%
Derivative
-0.19% -4.34% 12.92% 85.42%

Bond Geographic Breakdown

Weighting Return Low Return High FFFGX % Rank
US
5.99% -12.23% 137.62% 87.42%
Non US
0.96% 0.00% 34.95% 84.99%

FFFGX - Expenses

Operational Fees

FFFGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.00% 5.22% 35.41%
Management Fee 0.75% 0.00% 0.95% 96.21%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

FFFGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 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 2.00% 2.00% N/A

Turnover 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 18.00% 0.00% 106.00% 31.09%

FFFGX - Distributions

Dividend Yield Analysis

FFFGX Category Low Category High FFFGX % Rank
Dividend Yield 0.00% 0.00% 0.04% 92.57%

Dividend Distribution Analysis

FFFGX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

FFFGX Category Low Category High FFFGX % Rank
Net Income Ratio 1.37% -0.99% 35.20% 72.53%

Capital Gain Distribution Analysis

FFFGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Monthly Annually Annually Annually

FFFGX - Managers

Andrew Dierdorf

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2011

8.01

8.0%

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

Manager

Start Date

Tenure

Tenure Rank

Jan 21, 2014

5.44

5.4%

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

0.0

Category High

16.76

Category Average

6.29

Category Mode

7.5