Fidelity Freedom® 2050
- FFFHX
- Price as of: Nov 20, 2020
-
$13.07
N/A N/A
- Primary Theme
- Target-Date 2050
- Fund Company
- Fidelity Investments
- Share Class
FFFHX - Snapshot
Vitals
- YTD Return 7.9%
- 3 Yr Annualized Return 5.7%
- 5 Yr Annualized Return 8.4%
- Net Assets $13.5 B
- Holdings in Top 10 72.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.75%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 27.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA $2,500
Fund Classification
-
Primary Theme
Target-Date 2050
- Fund Type Open End Mutual Fund
- Investment Style Target-Date 2050
FFFHX - Profile
Distributions
- YTD Total Return 7.9%
- 3 Yr Annualized Total Return 5.7%
- 5 Yr Annualized Total Return 8.4%
- Capital Gain Distribution Frequency Semi-Monthly
- Net Income Ratio 1.53%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameFidelity Freedom® 2050 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 ® 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 2050.
FFFHX - Performance
Return Ranking - Trailing
| Period | FFFHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.9% | -3.4% | 13.0% | 51.38% |
| 1 Yr | 7.0% | -2.3% | 9.8% | 20.91% |
| 3 Yr | 5.7%* | 2.0% | 7.8% | 34.00% |
| 5 Yr | 8.4%* | 5.2% | 9.8% | 22.91% |
| 10 Yr | 8.5%* | 5.1% | 10.1% | 42.06% |
* Annualized
Return Ranking - Calendar
| Period | FFFHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 17.2% | 6.3% | 23.2% | 60.85% |
| 2018 | -15.2% | -25.1% | -7.4% | 58.73% |
| 2017 | 17.4% | -20.0% | 20.1% | 37.85% |
| 2016 | 4.1% | -1.7% | 8.2% | 65.36% |
| 2015 | -5.7% | -16.1% | -1.5% | 52.76% |
Total Return Ranking - Trailing
| Period | FFFHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.9% | -3.4% | 13.0% | 51.38% |
| 1 Yr | 7.0% | -7.2% | 9.8% | 19.35% |
| 3 Yr | 5.7%* | 0.9% | 7.8% | 32.32% |
| 5 Yr | 8.4%* | 4.7% | 9.8% | 22.60% |
| 10 Yr | 8.5%* | 5.1% | 10.1% | 40.95% |
* Annualized
Total Return Ranking - Calendar
| Period | FFFHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 17.2% | 6.3% | 23.2% | 60.85% |
| 2018 | -12.9% | -25.1% | -5.6% | 56.61% |
| 2017 | 22.3% | -20.0% | 26.5% | 3.95% |
| 2016 | 8.6% | 0.6% | 11.1% | 15.69% |
| 2015 | -1.9% | -16.1% | 0.8% | 43.31% |
NAV & Total Return History
FFFHX - Holdings
Concentration Analysis
| FFFHX | Category Low | Category High | FFFHX % Rank | |
|---|---|---|---|---|
| Net Assets | 13.5 B | 128 K | 22.3 B | 7.36% |
| Number of Holdings | 34 | 1 | 501 | 4.39% |
| Net Assets in Top 10 | 10 B | 105 K | 22 B | 7.46% |
| Weighting of Top 10 | 72.09% | 40.1% | 100.0% | 94.69% |
Top 10 Holdings
- Fidelity® Series Emerging Markets Opps 13.68%
- Fidelity® Series Growth Company 8.64%
- Fidelity® Series Intrinsic Opps 8.00%
- Fidelity® Series International Growth 7.01%
- Fidelity® Series Overseas 6.94%
- Fidelity® Series Large Cap Stock 6.81%
- Fidelity® Series International Value 6.78%
- Fidelity® Series Stk Selec Lg Cp Val 5.63%
- Fidelity® Series Opportunistic Insights 4.33%
- Fidelity® Series Value Discovery 4.27%
Asset Allocation
| Weighting | Return Low | Return High | FFFHX % Rank | |
|---|---|---|---|---|
| Stocks | 88.26% | 45.58% | 115.79% | 45.18% |
| Bonds | 5.98% | -4.36% | 101.32% | 73.68% |
| Cash | 5.16% | -99.12% | 17.57% | 22.81% |
| Other | 0.41% | -0.14% | 43.18% | 28.95% |
| Preferred Stocks | 0.13% | 0.00% | 0.46% | 25.88% |
| Convertible Bonds | 0.06% | 0.00% | 0.92% | 57.02% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FFFHX % Rank | |
|---|---|---|---|---|
| Technology | 18.88% | 11.15% | 23.12% | 57.89% |
| Financial Services | 16.30% | 10.38% | 16.98% | 9.21% |
| Healthcare | 13.83% | 10.62% | 18.07% | 28.51% |
| Consumer Cyclical | 13.29% | 9.13% | 13.63% | 11.40% |
| Industrials | 10.37% | 8.86% | 14.48% | 57.46% |
| Communication Services | 8.80% | 6.06% | 11.25% | 55.70% |
| Consumer Defense | 6.15% | 5.09% | 12.53% | 91.23% |
| Basic Materials | 4.75% | 2.35% | 7.37% | 27.19% |
| Energy | 3.56% | 1.55% | 4.02% | 13.16% |
| Utilities | 2.11% | 0.79% | 4.98% | 93.86% |
| Real Estate | 1.95% | 1.90% | 9.42% | 99.12% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FFFHX % Rank | |
|---|---|---|---|---|
| Non US | 44.62% | 16.15% | 47.60% | 3.95% |
| US | 43.64% | 10.56% | 70.53% | 88.60% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FFFHX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 46.16% | 1.00% | 92.27% | 11.40% |
| Government | 40.97% | 3.00% | 71.74% | 17.98% |
| Corporate | 11.59% | 0.08% | 62.11% | 78.51% |
| Securitized | 1.17% | 0.00% | 39.68% | 91.23% |
| Derivative | 0.10% | 0.00% | 33.17% | 38.60% |
| Municipal | 0.01% | 0.00% | 3.13% | 73.25% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FFFHX % Rank | |
|---|---|---|---|---|
| US | 5.23% | -4.67% | 58.36% | 67.98% |
| Non US | 0.75% | 0.00% | 76.51% | 68.86% |
FFFHX - Expenses
Operational Fees
| FFFHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.75% | 0.01% | 26.33% | 37.14% |
| Management Fee | 0.75% | 0.00% | 0.93% | 94.74% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
| FFFHX 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
| FFFHX 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.
| FFFHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 27.00% | 0.00% | 98.00% | 54.19% |
FFFHX - Distributions
Dividend Yield Analysis
| FFFHX | Category Low | Category High | FFFHX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 2.06% | 8.23% |
Dividend Distribution Analysis
| FFFHX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| FFFHX | Category Low | Category High | FFFHX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.53% | -0.35% | 7.86% | 63.59% |
Capital Gain Distribution Analysis
| FFFHX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Monthly | Annually | Semi-Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| May 15, 2017 | $0.006 |
| Dec 30, 2015 | $0.146 |
| May 14, 2012 | $0.015 |
| Dec 30, 2011 | $0.128 |
| May 12, 2011 | $0.013 |
| Dec 31, 2010 | $0.115 |
| May 10, 2010 | $0.015 |
| Dec 29, 2009 | $0.120 |
| May 18, 2009 | $0.010 |
| Dec 29, 2008 | $0.130 |
| May 12, 2008 | $0.020 |
| Dec 31, 2007 | $0.110 |
| May 07, 2007 | $0.010 |
| Dec 29, 2006 | $0.060 |
FFFHX - 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 | 15.51 | 5.36 | 0.83 |