FFFGX: Fidelity Freedom® 2045 Fund - MutualFunds.com

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Fidelity Freedom® 2045

FFFGX - Snapshot

Vitals

  • YTD Return 10.5%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 8.4%
  • Net Assets $15.4 B
  • Holdings in Top 10 72.1%

52 WEEK LOW AND HIGH

$13.22
$8.50
$13.30

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

Compare FFFGX to Popular Target-Date 2045 Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Target Retirement 2045 Fund

Fund

$27.76

+0.51%

$29.29 B

2.00%

$0.55

12.39%

-

Vanguard Institutional Target Retirement 2045 Fund

Fund

$29.39

+0.51%

$24.76 B

2.05%

$0.60

12.26%

-

American Funds 2045 Target Date Retirement Fund®

Fund

$18.89

+0.59%

$16.09 B

0.84%

$0.16

14.42%

-

Fidelity Freedom® 2045 Fund

Fund

$13.30

+0.61%

$15.40 B

-

$0.18

10.47%

-

T. Rowe Price Retirement 2045 Fund

Fund

$21.23

+0.43%

$8.34 B

1.37%

$0.29

14.63%

-

FFFGX - Profile

Distributions

  • YTD Total Return 10.5%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 8.4%
  • Capital Gain Distribution Frequency Semi-Monthly
  • Net Income Ratio 1.52%
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 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 10.5% -1.8% 15.9% 50.23%
1 Yr 6.9% -1.1% 9.6% 21.08%
3 Yr 5.7%* 3.3% 7.7% 33.33%
5 Yr 8.4%* 5.9% 9.6% 22.29%
10 Yr 8.5%* 6.5% 10.0% 36.13%

* Annualized

Return Ranking - Calendar

Period FFFGX Return Category Return Low Category Return High Rank in Category (%)
2019 17.2% 5.3% 23.0% 66.50%
2018 -15.3% -27.7% -6.9% 57.71%
2017 17.3% -18.3% 20.0% 31.71%
2016 4.0% -4.8% 7.7% 57.93%
2015 -5.5% -25.3% -1.5% 50.00%

Total Return Ranking - Trailing

Period FFFGX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.5% -1.8% 15.9% 50.23%
1 Yr 6.9% -6.7% 9.6% 20.98%
3 Yr 5.7%* 1.3% 7.7% 34.24%
5 Yr 8.4%* 4.8% 9.6% 23.31%
10 Yr 8.5%* 6.5% 10.0% 36.75%

* Annualized

Total Return Ranking - Calendar

Period FFFGX Return Category Return Low Category Return High Rank in Category (%)
2019 17.2% 5.3% 23.0% 66.50%
2018 -13.0% -23.9% -5.5% 63.43%
2017 22.2% -18.3% 26.2% 3.66%
2016 8.5% -2.6% 12.3% 20.00%
2015 -1.8% -25.3% 3.9% 45.83%

NAV & Total Return History

FFFGX - Holdings

Concentration Analysis

FFFGX Category Low Category High FFFGX % Rank
Net Assets 15.4 B 128 K 29.3 B 6.84%
Number of Holdings 34 1 504 3.90%
Net Assets in Top 10 11.4 B 105 K 29.1 B 1.30%
Weighting of Top 10 72.10% 40.4% 100.0% 83.41%

Top 10 Holdings

  1. Fidelity® Series Emerging Markets Opps 13.68%
  2. Fidelity® Series Growth Company 8.64%
  3. Fidelity® Series Intrinsic Opps 8.00%
  4. Fidelity® Series International Growth 7.02%
  5. Fidelity® Series Overseas 6.94%
  6. Fidelity® Series Large Cap Stock 6.81%
  7. Fidelity® Series International Value 6.78%
  8. Fidelity® Series Stk Selec Lg Cp Val 5.63%
  9. Fidelity® Series Opportunistic Insights 4.33%
  10. Fidelity® Series Value Discovery 4.27%

Asset Allocation

Weighting Return Low Return High FFFGX % Rank
Stocks 		88.26% 43.27% 108.32% 35.93%
Bonds 		5.98% -2.40% 74.30% 75.32%
Cash 		5.15% -88.96% 15.45% 16.45%
Other 		0.41% -0.18% 41.63% 28.57%
Preferred Stocks 		0.12% 0.00% 0.71% 27.71%
Convertible Bonds 		0.06% 0.00% 1.61% 63.20%

Stock Sector Breakdown

Weighting Return Low Return High FFFGX % Rank
Technology 		18.88% 11.16% 23.24% 58.87%
Financial Services 		16.31% 10.16% 16.92% 8.66%
Healthcare 		13.83% 10.59% 18.03% 23.38%
Consumer Cyclical 		13.29% 9.20% 13.69% 10.82%
Industrials 		10.37% 8.79% 14.45% 53.68%
Communication Services 		8.80% 6.38% 11.13% 64.50%
Consumer Defense 		6.15% 5.08% 12.47% 90.91%
Basic Materials 		4.75% 2.39% 7.36% 21.65%
Energy 		3.56% 1.57% 3.80% 8.23%
Utilities 		2.11% 0.79% 4.97% 93.51%
Real Estate 		1.95% 1.90% 9.57% 98.70%

Stock Geographic Breakdown

Weighting Return Low Return High FFFGX % Rank
Non US 		44.62% 14.49% 45.13% 2.60%
US 		43.64% 10.11% 68.53% 91.77%

Bond Sector Breakdown

Weighting Return Low Return High FFFGX % Rank
Cash & Equivalents 		46.15% 1.00% 68.46% 6.06%
Government 		40.95% 9.44% 66.77% 19.05%
Corporate 		11.62% 0.11% 62.05% 88.31%
Securitized 		1.16% 0.00% 32.89% 95.67%
Derivative 		0.10% 0.00% 33.07% 39.39%
Municipal 		0.01% 0.00% 10.02% 78.35%

Bond Geographic Breakdown

Weighting Return Low Return High FFFGX % Rank
US 		5.23% -3.23% 57.11% 72.73%
Non US 		0.75% 0.01% 17.19% 74.03%

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% 32.39%
Management Fee 0.75% 0.00% 0.91% 94.44%
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% 0.00% 101.00% 53.64%

FFFGX - Distributions

Dividend Yield Analysis

FFFGX Category Low Category High FFFGX % Rank
Dividend Yield 0.00% 0.00% 3.14% 4.27%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FFFGX Category Low Category High FFFGX % Rank
Net Income Ratio 1.52% -0.31% 2.91% 65.85%

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

View More +

FFFGX - Fund Manager Analysis

Managers

Andrew Dierdorf

Start Date

Tenure

Tenure Rank

Jun 30, 2011

9.35

9.4%

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

6.78

6.8%

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
0.2 16.01 4.98 0.83

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