FFFGX: Fidelity Freedom® 2045 Fund - MutualFunds.com
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Fidelity Freedom® 2045

FFFGX - Snapshot

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return 11.3%
  • 5 Yr Annualized Return 14.7%
  • Net Assets $18.7 B
  • Holdings in Top 10 72.7%

52 WEEK LOW AND HIGH

$14.04
$8.50
$14.44

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

$28.52

-1.42%

$33.81 B

1.56%

$0.45

1.17%

-

Vanguard Institutional Target Retirement 2045 Fund

Fund

$30.24

-1.40%

$30.96 B

1.63%

$0.50

1.17%

-

American Funds 2045 Target Date Retirement Fund®

Fund

$19.37

+1.31%

$19.44 B

0.70%

$0.14

1.95%

0.34%

Fidelity Freedom® 2045 Fund

Fund

$13.83

-1.50%

$18.74 B

1.00%

$0.14

2.83%

0.75%

T. Rowe Price Retirement 2045 Fund

Fund

$21.55

-1.46%

$9.34 B

0.73%

$0.16

2.57%

0.09%

FFFGX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 11.3%
  • 5 Yr Annualized Total Return 14.7%
  • 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 2.8% -0.6% 5.3% 4.31%
1 Yr 33.0% 15.6% 35.0% 4.29%
3 Yr 11.3%* 7.2% 12.1% 17.84%
5 Yr 14.7%* 10.9% 15.0% 8.70%
10 Yr 9.5%* 7.0% 11.0% 30.33%

* Annualized

Return Ranking - Calendar

Period FFFGX Return Category Return Low Category Return High Rank in Category (%)
2020 11.7% 1.6% 15.5% 41.36%
2019 17.2% 5.3% 23.0% 66.83%
2018 -15.3% -27.7% -6.9% 57.47%
2017 17.3% -18.3% 20.0% 31.90%
2016 4.0% -4.8% 7.7% 57.64%

Total Return Ranking - Trailing

Period FFFGX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -0.6% 5.3% 4.31%
1 Yr 33.0% 14.9% 35.0% 4.19%
3 Yr 11.3%* 5.1% 12.1% 17.86%
5 Yr 14.7%* 9.6% 15.0% 9.41%
10 Yr 9.5%* 7.0% 11.0% 30.83%

* Annualized

Total Return Ranking - Calendar

Period FFFGX Return Category Return Low Category Return High Rank in Category (%)
2020 11.7% 1.6% 15.5% 41.36%
2019 17.2% 5.3% 23.0% 66.83%
2018 -13.0% -23.9% -5.5% 63.22%
2017 22.2% -18.3% 26.2% 3.68%
2016 8.5% -2.6% 12.3% 20.14%

NAV & Total Return History

FFFGX - Holdings

Concentration Analysis

FFFGX Category Low Category High FFFGX % Rank
Net Assets 18.7 B 155 K 33.8 B 7.20%
Number of Holdings 37 1 518 4.24%
Net Assets in Top 10 13.2 B 122 K 33.6 B 1.69%
Weighting of Top 10 72.74% 37.9% 100.0% 88.63%

Top 10 Holdings

  1. Fidelity® Series Emerging Markets Opps 14.88%
  2. Fidelity® Series Intrinsic Opps 8.28%
  3. Fidelity® Series Growth Company 7.92%
  4. Fidelity® Series Large Cap Stock 6.98%
  5. Fidelity® Series International Growth 6.86%
  6. Fidelity® Series International Value 6.82%
  7. Fidelity® Series Overseas 6.58%
  8. Fidelity® Series Stk Selec Lg Cp Val 5.91%
  9. Fidelity® Series Value Discovery 4.55%
  10. Fidelity® Series Opportunistic Insights 3.96%

Asset Allocation

Weighting Return Low Return High FFFGX % Rank
Stocks 		88.20% 66.41% 97.77% 44.92%
Bonds 		5.91% -1.09% 86.37% 72.03%
Cash 		5.13% -75.44% 9.14% 12.29%
Other 		0.56% -0.14% 19.44% 29.66%
Preferred Stocks 		0.13% 0.00% 0.65% 30.93%
Convertible Bonds 		0.06% 0.00% 1.55% 69.49%

Stock Sector Breakdown

Weighting Return Low Return High FFFGX % Rank
Technology 		18.76% 15.43% 22.21% 71.61%
Financial Services 		17.25% 11.42% 17.62% 4.66%
Consumer Cyclical 		13.08% 9.46% 14.17% 19.49%
Healthcare 		12.78% 10.04% 17.02% 34.75%
Industrials 		10.77% 9.08% 14.80% 46.19%
Communication Services 		8.54% 6.84% 11.22% 64.41%
Consumer Defense 		5.78% 4.91% 11.99% 89.41%
Basic Materials 		5.11% 2.50% 5.51% 9.75%
Energy 		3.61% 1.65% 3.61% 0.85%
Utilities 		2.44% 0.61% 4.45% 80.08%
Real Estate 		1.87% 1.79% 9.14% 99.15%

Stock Geographic Breakdown

Weighting Return Low Return High FFFGX % Rank
Non US 		44.76% 14.32% 48.53% 2.97%
US 		43.44% 35.99% 68.54% 94.49%

Bond Sector Breakdown

Weighting Return Low Return High FFFGX % Rank
Cash & Equivalents 		48.24% 0.58% 62.66% 3.39%
Government 		39.99% 7.43% 67.75% 25.85%
Corporate 		10.07% 0.10% 70.24% 94.49%
Securitized 		1.21% 0.00% 29.22% 95.76%
Derivative 		0.49% 0.00% 29.03% 30.08%
Municipal 		0.01% 0.00% 9.80% 76.27%

Bond Geographic Breakdown

Weighting Return Low Return High FFFGX % Rank
US 		5.06% -1.78% 45.75% 73.31%
Non US 		0.85% -13.41% 40.62% 59.75%

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% 34.88%
Management Fee 0.75% 0.00% 0.90% 95.87%
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% 2.56% 101.00% 48.40%

FFFGX - Distributions

Dividend Yield Analysis

FFFGX Category Low Category High FFFGX % Rank
Dividend Yield 0.00% 0.00% 0.16% 45.34%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FFFGX Category Low Category High FFFGX % Rank
Net Income Ratio 1.52% 0.11% 6.89% 65.70%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FFFGX - Fund Manager Analysis

Managers

Andrew Dierdorf

Start Date

Tenure

Tenure Rank

Jun 30, 2011

9.67

9.7%

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

7.11

7.1%

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
0.02 16.34 4.89 1.16

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