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FFOLX Fidelity Freedom® Index 2045 Instl Prem

  • Fund
  • FFOLX
  • Price as of: May 21, 2019
  • $19.39 + $0.14 + 0.73%
  • Category
  • Uncategorized

FFOLX - Profile

Vitals

  • YTD Return 12.3%
  • 3 Yr Annualized Return 8.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $2.84 B
  • Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$19.39
$16.82
$20.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.10%

SALES FEES

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

BROKERAGE FEES

  • Turnover 6.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000,000

IRA

N/A

Investment Themes

CATEGORY

Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2045

Distributions

  • YTD Total Return 12.3%
  • 3 Yr Annualized Total Return 10.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.94%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity Freedom® Index 2045 Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Jun 24, 2015
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Andrew Dierdorf

FFOLX - Performance

Return Ranking - Trailing

Period FFOLX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.3% -29.1% 245.9% 31.60%
1 Yr 0.1% -100.0% 245.9% 40.03%
3 Yr 8.7%* -100.0% 115.5% 10.08%
5 Yr N/A* -100.0% 58.5% N/A
10 Yr N/A* -11.4% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period FFOLX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.3% -100.0% 73.0% 43.64%
2017 18.3% -76.0% 212.6% 19.79%
2016 7.3% -65.0% 900.0% 23.56%
2015 N/A -87.3% 336.8% N/A
2014 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period FFOLX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.3% -29.1% 245.9% 31.64%
1 Yr 0.1% -100.0% 245.9% 52.13%
3 Yr 10.2%* -100.0% 115.5% 12.95%
5 Yr N/A* -100.0% 58.5% N/A
10 Yr N/A* -11.4% 26.2% N/A

* Annualized


Total Return Ranking - Calendar

Period FFOLX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.1% -100.0% 76.6% 54.73%
2017 20.6% -30.7% 212.6% 20.33%
2016 9.5% -65.0% 900.0% 20.40%
2015 N/A -87.3% 341.1% N/A
2014 N/A -60.1% 304.1% N/A

NAV & Total Return History

FFOLX - Holdings

Concentration Analysis

FFOLX Category Low Category High FFOLX % Rank
Net Assets 2.84 B 10 804 B 11.55%
Number of Holdings 5 1 17324 98.97%
Net Assets in Top 10 2.68 B -7.11 B 135 B 5.06%
Weighting of Top 10 100.00% 0.0% 20474.3% 4.95%

Top 10 Holdings

  1. Fidelity® Total Market Index F 63.08%

  2. Fidelity® Series Global ex US Index 26.79%

  3. Fidelity® US Bond Index F 7.03%

  4. Fidelity® Series Long-Term Trs Bd Idx 3.10%


Asset Allocation

Weighting Return Low Return High FFOLX % Rank
Stocks
88.32% -101.19% 292.26% 41.62%
Bonds
10.01% -955.59% 2544.23% 49.37%
Cash
1.66% -2546.61% 7388.76% 65.39%
Other
0.01% -7288.76% 471.60% 39.59%
Convertible Bonds
0.01% -0.37% 144.58% 33.36%
Preferred Stocks
0.00% -21.20% 78.81% 67.49%

Stock Sector Breakdown

Weighting Return Low Return High FFOLX % Rank
Technology
16.77% -10.35% 97.88% 28.37%
Financial Services
15.54% -4.95% 98.99% 27.97%
Healthcare
11.00% -8.82% 100.00% 28.19%
Consumer Cyclical
10.35% -20.80% 87.62% 38.79%
Industrials
9.66% -19.53% 92.95% 36.56%
Consumer Defense
6.76% -5.81% 94.31% 29.21%
Energy
5.04% -8.05% 144.83% 27.68%
Basic Materials
3.82% -6.34% 97.58% 30.93%
Real Estate
3.24% -8.52% 100.00% 36.45%
Communication Services
3.08% -5.22% 93.37% 22.85%
Utilities
2.82% -2.91% 93.57% 28.14%

Stock Geographic Breakdown

Weighting Return Low Return High FFOLX % Rank
US
62.48% -114.04% 289.81% 25.31%
Non US
25.84% -50.64% 159.65% 27.96%

Bond Sector Breakdown

Weighting Return Low Return High FFOLX % Rank
Government
6.32% -3298.93% 2544.23% 29.06%
Securitized
2.06% -21.39% 264.51% 28.00%
Cash & Equivalents
1.65% -2546.61% 7388.76% 65.82%
Corporate
1.60% -46.36% 3345.86% 44.31%
Municipal
0.03% 0.00% 167.71% 27.27%
Derivative
0.01% -381.85% 70.06% 11.84%

Bond Geographic Breakdown

Weighting Return Low Return High FFOLX % Rank
US
9.48% -955.59% 2544.23% 46.13%
Non US
0.53% -153.97% 373.96% 44.79%

FFOLX - Expenses

Operational Fees

FFOLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.10% -2.86% 950.64% 96.55%
Management Fee 0.00% 0.00% 2.87% 3.87%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 52000.00% N/A

Sales Fees

FFOLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 25.00% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FFOLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Turnover 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.

FFOLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.00% 0.00% 5067.00% 6.72%

FFOLX - Distributions

Dividend Yield Analysis

FFOLX Category Low Category High FFOLX % Rank
Dividend Yield 0.02% 0.00% 27.83% 38.47%

Dividend Distribution Analysis

FFOLX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FFOLX Category Low Category High FFOLX % Rank
Net Income Ratio 1.94% -46.00% 10.88% 39.30%

Capital Gain Distribution Analysis

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

FFOLX - Managers

Andrew Dierdorf

Manager

Start Date

Tenure

Tenure Rank

Oct 02, 2009

9.58

9.6%

Andrew Dierdorf is a portfolio manager in the Global Asset Allocation group at Fidelity Investments. In this role Mr. Dierdorf is responsible for co-managing multiple target date portfolios, including Fidelity ClearPath Portfolios, Fidelity Freedom Funds, and FIAM Target Date Strategies. Mr. Dierdorf joined Fidelity in 2004 and has been in the industry since 1993. Mr. Dierdorf earned his bachelor of science degree from the University of Delaware. He is a CFA charterholder, a Fellow of the Society of Actuaries, Chartered Market Technician, and Member of the American Academy of Actuaries.


Brett F. Sumsion

Manager

Start Date

Tenure

Tenure Rank

Jan 21, 2014

5.27

5.3%

Brett Sumsion is a portfolio manager in the Global Asset Allocation (GAA) group at Fidelity Investments. In this role, he is responsible for co-managing multiple target date portfolios, including Fidelity ClearPath Portfolios, Fidelity Income Replacement Funds, Fidelity Freedom Funds, and FIAM Target Date Strategies. Mr. Sumsion joined Fidelity in 2014 and has been in the investments industry since 2001. 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.


Finola McGuire Foley

Manager

Start Date

Tenure

Tenure Rank

Jun 15, 2018

0.87

0.9%

Finola Foley is a portfolio manager in the Global Asset Allocation group at Fidelity Investments. In this role Ms. Foley is responsible for managing all Target Date Index products and co-manages Fidelity Four-in-One Index Fund. 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.


Tenure Analysis

Category Low

0.0

Category High

43.59

Category Average

4.74

Category Mode

0.0