FFIKX: Fidelity Freedom® Index 2065 Fund - MutualFunds.com

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Fidelity Freedom® Index 2065 Fund

FFIKX - Snapshot

Vitals

  • YTD Return 12.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $79.2 M
  • Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$11.87
$7.59
$11.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.08%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 103.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2060+

Compare FFIKX to Popular Target-Date 2060+ Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$42.89

+0.52%

$5.89 B

1.88%

$0.80

12.40%

-

$29.65

+0.54%

$3.99 B

1.84%

$0.54

12.48%

-

$15.52

+0.58%

$3.29 B

0.67%

$0.10

14.45%

-

$13.81

+0.51%

$2.29 B

-

$0.19

10.92%

-

$14.43

+0.42%

$1.19 B

1.11%

$0.16

14.25%

-

FFIKX - Profile

Distributions

  • YTD Total Return 12.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.29%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Fidelity Freedom® Index 2065 Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jun 28, 2019
  • 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 (underlying Fidelity ® funds), each of which (excluding any money market fund) seeks to provide investment results that correspond to the total return of a specific index.


FFIKX - Performance

Return Ranking - Trailing

Period FFIKX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.1% -3.3% 16.1% 35.16%
1 Yr 5.6% -3.1% 9.6% 35.86%
3 Yr N/A* 2.4% 7.8% N/A
5 Yr N/A* 5.6% 9.7% N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FFIKX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A 11.7% 29.3% N/A
2018 N/A -23.9% -7.8% N/A
2017 N/A 13.0% 20.8% N/A
2016 N/A 1.7% 8.6% N/A
2015 N/A -5.8% -1.8% N/A

Total Return Ranking - Trailing

Period FFIKX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.1% -3.3% 16.1% 35.16%
1 Yr 5.6% -7.2% 9.6% 32.66%
3 Yr N/A* 1.2% 7.8% N/A
5 Yr N/A* 5.0% 9.7% N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FFIKX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A 11.7% 29.3% N/A
2018 N/A -23.9% -5.7% N/A
2017 N/A 14.1% 22.7% N/A
2016 N/A 1.7% 11.0% N/A
2015 N/A -5.8% -0.2% N/A

NAV & Total Return History


FFIKX - Holdings

Concentration Analysis

FFIKX Category Low Category High FFIKX % Rank
Net Assets 79.2 M 110 K 5.89 B 31.10%
Number of Holdings 5 1 478 94.26%
Net Assets in Top 10 61.4 M 77.7 K 5.84 B 33.84%
Weighting of Top 10 100.00% 40.2% 100.0% 6.67%

Top 10 Holdings

  1. Fidelity® Series Total Market Index 53.47%
  2. Fidelity® Series Global ex US Index 36.28%
  3. Fidelity® Series Bond Index 7.16%
  4. Fidelity® Series Long-Term Trs Bd Idx 3.08%
  5. Fidelity Revere Str Tr 0.00%

Asset Allocation

Weighting Return Low Return High FFIKX % Rank
Stocks
88.33% 70.05% 116.64% 59.21%
Bonds
10.00% 0.00% 77.00% 15.41%
Cash
1.58% -100.32% 15.96% 66.16%
Convertible Bonds
0.08% 0.00% 0.94% 24.17%
Preferred Stocks
0.01% 0.00% 0.36% 58.61%
Other
0.00% -0.10% 10.79% 89.12%

Stock Sector Breakdown

Weighting Return Low Return High FFIKX % Rank
Technology
19.43% 15.16% 22.85% 43.50%
Financial Services
14.70% 11.37% 17.10% 26.28%
Healthcare
12.71% 10.41% 18.09% 62.54%
Consumer Cyclical
12.05% 9.20% 13.80% 59.82%
Industrials
9.81% 8.87% 14.84% 79.46%
Communication Services
9.50% 7.11% 11.27% 29.61%
Consumer Defense
7.96% 5.11% 12.48% 18.73%
Basic Materials
4.47% 2.08% 5.66% 41.69%
Real Estate
3.26% 1.90% 9.11% 61.63%
Energy
3.19% 1.56% 3.84% 23.26%
Utilities
2.93% 0.80% 4.98% 42.60%

Stock Geographic Breakdown

Weighting Return Low Return High FFIKX % Rank
US
53.01% 35.98% 73.92% 72.21%
Non US
35.32% 18.49% 48.17% 29.61%

Bond Sector Breakdown

Weighting Return Low Return High FFIKX % Rank
Government
53.59% 0.00% 70.75% 3.32%
Securitized
16.43% 0.00% 35.14% 27.49%
Corporate
16.01% 0.08% 62.14% 61.63%
Cash & Equivalents
13.63% 0.99% 99.74% 90.63%
Municipal
0.28% 0.00% 2.85% 32.93%
Derivative
0.06% 0.00% 33.20% 45.32%

Bond Geographic Breakdown

Weighting Return Low Return High FFIKX % Rank
US
9.44% 0.00% 58.54% 14.20%
Non US
0.56% 0.00% 18.46% 65.26%

FFIKX - Expenses

Operational Fees

FFIKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.08% 0.03% 24.58% 97.39%
Management Fee 0.08% 0.00% 0.95% 39.59%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FFIKX 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

FFIKX 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.

FFIKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 103.00% 1.00% 208.00% 95.47%

FFIKX - Distributions

Dividend Yield Analysis

FFIKX Category Low Category High FFIKX % Rank
Dividend Yield 1.83% 0.00% 2.85% 3.49%

Dividend Distribution Analysis

FFIKX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

FFIKX Category Low Category High FFIKX % Rank
Net Income Ratio 3.29% -0.42% 7.08% 7.03%

Capital Gain Distribution Analysis

FFIKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

FFIKX - Fund Manager Analysis

Managers

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 28, 2019

1.35

1.4%

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.

Finola McGuire Foley


Start Date

Tenure

Tenure Rank

Jun 28, 2019

1.35

1.4%

Finola Foley is a portfolio manager in the Global Asset Allocation group at Fidelity Investments. In this role Finola McGuire Foley is co-manager of each fund, which she has managed since June 2018 (other than Fidelity Freedom® Index 2065 Fund). She has managed Fidelity Freedom® Index 2065 Fund since June 2019. She also manages other funds. Since joining Fidelity Investments in 2003, Ms. Foley has worked as an assistant portfolio manager and portfolio manager Previously, Ms. Foley held various roles within Fidelity, including portfolio analyst and senior business analyst at Strategic Advisers LLC. She has been in the financial industry since joining Fidelity in 2005. Ms. Foley earned her BS in business information systems from University College Cork and her MBA in finance from Bentley University. She is a CFA charterholder.

Brett Sumsion


Start Date

Tenure

Tenure Rank

Jun 28, 2019

1.35

1.4%

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
0.05 7.69 2.36 0.83
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