Fidelity Freedom 2005 Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.5%
1 yr return
4.0%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
2.8%
Net Assets
$671 M
Holdings in Top 10
87.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.24%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FITKX - Profile
Distributions
- YTD Total Return -0.5%
- 3 Yr Annualized Total Return -0.8%
- 5 Yr Annualized Total Return 2.8%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 2.43%
- Dividend Yield 5.7%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameFidelity Freedom 2005 Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateJun 14, 2017
-
Shares OutstandingN/A
-
Share ClassK6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Dierdorf
Fund Description
FITKX - Performance
Return Ranking - Trailing
Period | FITKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -0.9% | 2.5% | 83.78% |
1 Yr | 4.0% | 2.6% | 10.1% | 82.88% |
3 Yr | -0.8%* | -2.7% | 2.9% | 62.26% |
5 Yr | 2.8%* | 1.1% | 5.6% | 74.75% |
10 Yr | N/A* | 2.5% | 5.1% | 80.82% |
* Annualized
Return Ranking - Calendar
Period | FITKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.2% | 4.5% | 10.5% | 78.38% |
2022 | -17.1% | -23.8% | -12.4% | 48.65% |
2021 | -3.5% | -9.1% | 5.1% | 79.81% |
2020 | 4.8% | 1.5% | 9.4% | 66.67% |
2019 | 7.4% | -1.8% | 13.0% | 82.83% |
Total Return Ranking - Trailing
Period | FITKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -0.9% | 2.5% | 83.78% |
1 Yr | 4.0% | 2.6% | 10.1% | 82.88% |
3 Yr | -0.8%* | -2.7% | 2.9% | 62.26% |
5 Yr | 2.8%* | 1.1% | 5.6% | 74.75% |
10 Yr | N/A* | 2.5% | 5.1% | 76.71% |
* Annualized
Total Return Ranking - Calendar
Period | FITKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.5% | 7.1% | 12.9% | 69.37% |
2022 | -11.7% | -20.7% | -9.1% | 18.92% |
2021 | 4.1% | 2.5% | 9.3% | 74.04% |
2020 | 9.3% | 8.1% | 12.1% | 71.57% |
2019 | 12.5% | 11.2% | 16.4% | 83.84% |
NAV & Total Return History
FITKX - Holdings
Concentration Analysis
FITKX | Category Low | Category High | FITKX % Rank | |
---|---|---|---|---|
Net Assets | 671 M | 2.56 M | 3.88 B | 27.03% |
Number of Holdings | 44 | 6 | 47 | 3.60% |
Net Assets in Top 10 | 584 M | 2.07 M | 3.23 B | 30.63% |
Weighting of Top 10 | 87.07% | 67.5% | 99.9% | 18.18% |
Top 10 Holdings
- Fidelity Series Investment Grade Bond Fund 39.19%
- Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund 19.30%
- Fidelity Series Government Money Market Fund 8.78%
- Fidelity Series Emerging Markets Opportunities Fund 4.68%
- Fidelity Series International Developed Markets Bond Index Fund 3.91%
- Fidelity Series Long-Term Treasury Bond Index Fund 3.85%
- Fidelity Series Short-Term Credit Fund 1.90%
- Fidelity Series International Growth Fund 1.83%
- Fidelity Series Overseas Fund 1.82%
- Fidelity Series International Value Fund 1.80%
Asset Allocation
Weighting | Return Low | Return High | FITKX % Rank | |
---|---|---|---|---|
Stocks | 99.38% | 21.59% | 100.00% | 73.87% |
Convertible Bonds | 0.84% | 0.21% | 1.16% | 30.63% |
Cash | 0.33% | 0.00% | 2.58% | 23.42% |
Bonds | 0.18% | 0.00% | 76.33% | 30.63% |
Other | 0.11% | 0.00% | 0.12% | 11.71% |
Preferred Stocks | 0.00% | 0.00% | 0.01% | 33.33% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FITKX % Rank | |
---|---|---|---|---|
Financial Services | 19.90% | 11.25% | 19.98% | 6.31% |
Technology | 16.51% | 12.84% | 20.54% | 77.48% |
Industrials | 11.57% | 8.69% | 12.01% | 29.73% |
Consumer Cyclical | 11.38% | 5.80% | 12.80% | 52.25% |
Healthcare | 10.30% | 9.47% | 13.88% | 72.97% |
Basic Materials | 7.83% | 2.99% | 8.05% | 15.32% |
Communication Services | 6.61% | 5.69% | 10.09% | 78.38% |
Energy | 6.16% | 2.42% | 9.60% | 22.52% |
Consumer Defense | 5.74% | 4.82% | 10.61% | 42.34% |
Real Estate | 2.03% | 1.86% | 10.43% | 88.29% |
Utilities | 1.99% | 1.92% | 5.81% | 93.69% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FITKX % Rank | |
---|---|---|---|---|
US | 99.38% | 14.76% | 100.00% | 73.87% |
Non US | 0.00% | 0.00% | 6.83% | 39.64% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FITKX % Rank | |
---|---|---|---|---|
Government | 46.03% | 22.96% | 95.72% | 73.87% |
Corporate | 17.51% | 1.54% | 45.78% | 63.06% |
Securitized | 13.61% | 0.00% | 24.54% | 69.37% |
Municipal | 0.34% | 0.00% | 0.91% | 35.14% |
Cash & Equivalents | 0.27% | 0.00% | 2.74% | 27.03% |
Derivative | 0.11% | 0.00% | 0.12% | 11.71% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FITKX % Rank | |
---|---|---|---|---|
US | 0.18% | 0.00% | 73.21% | 30.63% |
Non US | 0.00% | 0.00% | 3.12% | 33.33% |
FITKX - Expenses
Operational Fees
FITKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.24% | 0.06% | 1.51% | 84.40% |
Management Fee | 0.24% | 0.00% | 0.57% | 33.33% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.05% | 0.15% | N/A |
Sales Fees
FITKX 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% | 1.00% | N/A |
Trading Fees
FITKX 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.
FITKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 38.00% | 20.00% | 65.00% | 49.06% |
FITKX - Distributions
Dividend Yield Analysis
FITKX | Category Low | Category High | FITKX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.70% | 0.00% | 7.66% | 36.04% |
Dividend Distribution Analysis
FITKX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
FITKX | Category Low | Category High | FITKX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.43% | 0.56% | 3.49% | 10.28% |
Capital Gain Distribution Analysis
FITKX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.312 | OrdinaryDividend |
May 15, 2023 | $0.036 | OrdinaryDividend |
Dec 30, 2022 | $0.359 | OrdinaryDividend |
May 09, 2022 | $0.322 | OrdinaryDividend |
May 13, 2019 | $0.048 | OrdinaryDividend |
Dec 31, 2018 | $0.230 | OrdinaryDividend |
May 14, 2018 | $0.039 | OrdinaryDividend |
Dec 29, 2017 | $0.164 | OrdinaryDividend |
FITKX - Fund Manager Analysis
Managers
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Jun 30, 2011
10.93
10.9%
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
8.36
8.4%
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 |
---|---|---|---|
0.85 | 16.18 | 6.01 | 2.41 |