Fidelity Freedom® 2045
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-6.2%
1 yr return
16.4%
3 Yr Avg Return
19.9%
5 Yr Avg Return
13.9%
Net Assets
$19.6 B
Holdings in Top 10
72.2%
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 -6.2%
- 3 Yr Annualized Total Return 19.9%
- 5 Yr Annualized Total Return 13.9%
- Capital Gain Distribution Frequency Semi-Monthly
- Net Income Ratio 0.96%
- Dividend Yield 4.9%
- 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 | -6.2% | -8.3% | -3.0% | 13.08% |
| 1 Yr | 16.4% | 11.2% | 20.6% | 59.66% |
| 3 Yr | 19.9%* | 15.2% | 20.5% | 16.67% |
| 5 Yr | 13.9%* | 10.6% | 15.0% | 15.54% |
| 10 Yr | 11.9%* | 9.4% | 13.3% | 30.08% |
* Annualized
Return Ranking - Calendar
| Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 3.7% | -5.4% | 18.7% | 78.32% |
| 2020 | 11.7% | 1.7% | 15.5% | 42.06% |
| 2019 | 17.2% | 5.3% | 23.0% | 67.69% |
| 2018 | -15.3% | -27.7% | -6.9% | 58.24% |
| 2017 | 17.3% | -18.3% | 20.0% | 32.70% |
Total Return Ranking - Trailing
| Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -6.2% | -8.3% | -3.0% | 13.08% |
| 1 Yr | 16.4% | 5.6% | 20.6% | 51.63% |
| 3 Yr | 19.9%* | 12.9% | 20.5% | 16.67% |
| 5 Yr | 13.9%* | 9.3% | 15.0% | 16.20% |
| 10 Yr | 11.9%* | 9.4% | 13.3% | 30.58% |
* Annualized
Total Return Ranking - Calendar
| Period | FFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 3.7% | -5.4% | 18.7% | 78.32% |
| 2020 | 11.7% | 1.7% | 15.5% | 42.06% |
| 2019 | 17.2% | 5.3% | 23.0% | 67.69% |
| 2018 | -13.0% | -23.9% | -5.5% | 63.53% |
| 2017 | 22.2% | -18.3% | 26.2% | 3.77% |
NAV & Total Return History
FFFGX - Holdings
Concentration Analysis
| FFFGX | Category Low | Category High | FFFGX % Rank | |
|---|---|---|---|---|
| Net Assets | 19.6 B | 555 K | 45 B | 7.08% |
| Number of Holdings | 40 | 2 | 543 | 1.25% |
| Net Assets in Top 10 | 13.7 B | 399 K | 44.5 B | 7.08% |
| Weighting of Top 10 | 72.24% | 38.5% | 100.0% | 94.84% |
Top 10 Holdings
- Fidelity® Series Emerging Markets Opps 12.64%
- Fidelity® Series Growth Company 8.32%
- Fidelity® Series Intrinsic Opps 7.99%
- Fidelity® Series Overseas 7.27%
- Fidelity® Series International Growth 7.27%
- Fidelity® Series International Value 7.13%
- Fidelity® Series Large Cap Stock 6.96%
- Fidelity® Series Stk Selec Lg Cp Val 5.89%
- Fidelity® Series Value Discovery 4.54%
- Fidelity® Series Opportunistic Insights 4.22%
Asset Allocation
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| Stocks | 88.08% | 4.18% | 97.10% | 49.58% |
| Bonds | 6.89% | -41.19% | 69.90% | 67.08% |
| Cash | 4.23% | -2.11% | 62.67% | 27.50% |
| Other | 0.61% | -0.61% | 19.97% | 28.33% |
| Preferred Stocks | 0.14% | 0.00% | 0.36% | 22.08% |
| Convertible Bonds | 0.05% | 0.00% | 1.38% | 63.75% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| Technology | 18.56% | 0.02% | 25.44% | 85.83% |
| Financial Services | 18.33% | 0.00% | 18.47% | 3.33% |
| Consumer Cyclical | 12.06% | 0.00% | 13.66% | 55.42% |
| Healthcare | 12.02% | 0.00% | 14.57% | 55.00% |
| Industrials | 11.91% | 0.00% | 12.46% | 12.50% |
| Communication Services | 8.12% | 0.81% | 11.43% | 55.42% |
| Basic Materials | 5.34% | 0.00% | 5.43% | 3.33% |
| Energy | 4.97% | 0.00% | 4.97% | 0.83% |
| Consumer Defense | 4.90% | 0.00% | 10.30% | 91.67% |
| Real Estate | 1.93% | 1.76% | 99.17% | 99.17% |
| Utilities | 1.87% | 0.00% | 6.89% | 96.67% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| US | 44.43% | 4.18% | 68.86% | 92.92% |
| Non US | 43.65% | 0.00% | 46.33% | 2.92% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| Government | 50.04% | 0.00% | 65.31% | 13.75% |
| Cash & Equivalents | 39.23% | 3.05% | 73.40% | 14.17% |
| Corporate | 9.33% | 2.28% | 61.48% | 90.83% |
| Securitized | 0.84% | 0.00% | 28.86% | 94.58% |
| Derivative | 0.56% | 0.00% | 36.49% | 38.75% |
| Municipal | 0.00% | 0.00% | 28.19% | 86.25% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FFFGX % Rank | |
|---|---|---|---|---|
| US | 6.09% | -42.69% | 49.01% | 65.00% |
| Non US | 0.80% | 0.02% | 20.89% | 66.67% |
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% | 33.47% |
| Management Fee | 0.75% | 0.00% | 0.89% | 95.05% |
| 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% | 46.58% |
FFFGX - Distributions
Dividend Yield Analysis
| FFFGX | Category Low | Category High | FFFGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.86% | 0.00% | 3.29% | 7.08% |
Dividend Distribution Analysis
| FFFGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
| FFFGX | Category Low | Category High | FFFGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.96% | -0.42% | 4.27% | 61.93% |
Capital Gain Distribution Analysis
| FFFGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Monthly | Annually | Annually | 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
10.51
10.5%
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
7.95
8.0%
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 | 17.18 | 5.3 | 2.0 |