Fidelity Freedom® 2045
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-31.0%
1 yr return
-9.3%
3 Yr Avg Return
11.5%
5 Yr Avg Return
8.7%
Net Assets
$17.3 B
Holdings in Top 10
73.7%
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 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
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 -31.0%
- 3 Yr Annualized Total Return 11.5%
- 5 Yr Annualized Total Return 8.7%
- Capital Gain Distribution Frequency Semi-Monthly
- Net Income Ratio 2.10%
- 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 | -31.0% | -42.4% | -10.4% | 92.64% |
| 1 Yr | -9.3% | -11.0% | 2.9% | 79.31% |
| 3 Yr | 11.5%* | 6.5% | 12.1% | 4.63% |
| 5 Yr | 8.7%* | 6.1% | 9.7% | 26.04% |
| 10 Yr | 10.1%* | 7.8% | 11.2% | 23.73% |
* Annualized
Return Ranking - Calendar
| Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 3.7% | -4.7% | 18.7% | 80.00% |
| 2020 | 11.7% | 2.3% | 15.5% | 42.79% |
| 2019 | 17.2% | 5.3% | 23.0% | 66.67% |
| 2018 | -15.3% | -27.7% | -6.9% | 59.76% |
| 2017 | 17.3% | 7.0% | 20.0% | 33.33% |
Total Return Ranking - Trailing
| Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -31.0% | -42.4% | -10.4% | 92.64% |
| 1 Yr | -9.3% | -15.3% | 2.9% | 68.69% |
| 3 Yr | 11.5%* | 5.3% | 12.1% | 5.05% |
| 5 Yr | 8.7%* | 5.4% | 9.7% | 23.43% |
| 10 Yr | 10.1%* | 7.8% | 11.2% | 24.14% |
* Annualized
Total Return Ranking - Calendar
| Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 3.7% | -4.7% | 18.7% | 80.00% |
| 2020 | 11.7% | 2.3% | 15.5% | 42.79% |
| 2019 | 17.2% | 5.3% | 23.0% | 66.67% |
| 2018 | -13.0% | -23.9% | -5.5% | 65.24% |
| 2017 | 22.2% | 7.0% | 26.2% | 3.92% |
NAV & Total Return History
FFFGX - Holdings
Concentration Analysis
| FFFGX | Category Low | Category High | FFFGX % Rank | |
|---|---|---|---|---|
| Net Assets | 17.3 B | 1.25 M | 63.9 B | 6.84% |
| Number of Holdings | 35 | 2 | 560 | 14.96% |
| Net Assets in Top 10 | 12.6 B | 844 K | 63.2 B | 6.84% |
| Weighting of Top 10 | 73.70% | 38.2% | 100.0% | 76.59% |
Top 10 Holdings
- Fidelity® Series Emerging Markets Opps 12.85%
- Fidelity® Series Growth Company 7.71%
- Fidelity® Series International Value 7.63%
- Fidelity® Series Overseas 7.44%
- Fidelity® Series International Growth 7.43%
- Fidelity® Series Intrinsic Opps 7.40%
- Fidelity® Series Large Cap Stock 7.19%
- Fidelity® Series Stk Selec Lg Cp Val 6.11%
- Fidelity® Series Long-Term Trs Bd Idx 5.24%
- Fidelity® Series Value Discovery 4.70%
Asset Allocation
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| Stocks | 88.33% | 0.00% | 97.08% | 44.02% |
| Bonds | 7.31% | 0.74% | 70.05% | 74.36% |
| Cash | 3.55% | -5.77% | 27.10% | 33.33% |
| Other | 0.57% | -1.01% | 17.70% | 22.65% |
| Preferred Stocks | 0.18% | 0.00% | 0.38% | 12.39% |
| Convertible Bonds | 0.06% | 0.00% | 1.09% | 65.81% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| Financial Services | 18.66% | 13.09% | 18.83% | 3.45% |
| Technology | 16.76% | 14.05% | 23.99% | 94.40% |
| Healthcare | 12.13% | 10.69% | 14.59% | 60.78% |
| Industrials | 11.68% | 9.12% | 12.31% | 13.79% |
| Consumer Cyclical | 11.10% | 8.06% | 13.31% | 48.28% |
| Basic Materials | 6.65% | 3.18% | 6.86% | 3.45% |
| Communication Services | 6.64% | 5.69% | 10.23% | 71.55% |
| Energy | 6.54% | 2.33% | 6.54% | 0.86% |
| Consumer Defense | 5.80% | 4.68% | 11.06% | 82.76% |
| Utilities | 2.13% | 1.89% | 8.09% | 99.14% |
| Real Estate | 1.90% | 1.86% | 10.17% | 99.14% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| Non US | 44.27% | 0.00% | 44.41% | 2.99% |
| US | 44.06% | 0.00% | 70.31% | 91.88% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| Government | 48.10% | 11.67% | 67.01% | 18.38% |
| Cash & Equivalents | 39.05% | 4.34% | 78.34% | 23.50% |
| Corporate | 10.37% | 0.48% | 43.85% | 88.89% |
| Securitized | 1.94% | 0.00% | 34.36% | 91.03% |
| Derivative | 0.50% | 0.00% | 24.93% | 29.91% |
| Municipal | 0.03% | 0.00% | 26.79% | 70.51% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| US | 6.50% | 0.70% | 45.33% | 74.79% |
| Non US | 0.81% | 0.04% | 24.72% | 64.10% |
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% | 33.91% |
| Management Fee | 0.75% | 0.00% | 0.89% | 94.88% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.29% | 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 | 30.00% | 0.42% | 115.00% | 65.74% |
FFFGX - Distributions
Dividend Yield Analysis
| FFFGX | Category Low | Category High | FFFGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 4.00% | 38.89% |
Dividend Distribution Analysis
| FFFGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Semi-Annually | Semi-Annually | Semi-Annually |
Net Income Ratio Analysis
| FFFGX | Category Low | Category High | FFFGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.10% | -0.42% | 3.87% | 10.33% |
Capital Gain Distribution Analysis
| FFFGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Monthly | Annually | Semi-Annually | Annually |
Dividend Payout History
| Date | Amount | Type |
|---|---|---|
| May 15, 2017 | $0.006 | OrdinaryDividend |
| Dec 30, 2015 | $0.145 | OrdinaryDividend |
| May 14, 2012 | $0.017 | OrdinaryDividend |
| Dec 30, 2011 | $0.138 | OrdinaryDividend |
| May 12, 2011 | $0.015 | OrdinaryDividend |
| Dec 31, 2010 | $0.123 | OrdinaryDividend |
| May 10, 2010 | $0.015 | OrdinaryDividend |
| Dec 29, 2009 | $0.130 | OrdinaryDividend |
| May 18, 2009 | $0.015 | OrdinaryDividend |
| Dec 29, 2008 | $0.130 | OrdinaryDividend |
| May 12, 2008 | $0.015 | OrdinaryDividend |
| Dec 31, 2007 | $0.120 | OrdinaryDividend |
| May 07, 2007 | $0.010 | OrdinaryDividend |
| Dec 29, 2006 | $0.070 | OrdinaryDividend |
FFFGX - Fund Manager Analysis
Managers
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Jun 30, 2011
10.93
10.9%
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
8.36
8.4%
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 |
|---|---|---|---|
| 0.08 | 17.59 | 5.56 | 2.41 |