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Mutual Funds Weekly Roundup: August 2
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The Fidelity Freedom 2030 Fund (FFFEX) is a target-date fund of funds. Using a specified glide path, FFFEX invests in 24 other Fidelity funds, both active and passive. The fund provides exposure to both domestic stocks of all market caps as well as international stocks. Additionally, both domestic and foreign investment-grade bonds, commodities and real estate are included in the fund’s holdings. As FFFEX approaches 2030, it will reduce its exposure to equities and increase its holdings in fixed-income securities.
Expenses for the fund are below average. Given its all-encompassing approach to retirement investing, FFFEX is perfect as a core option for investors looking to retire around the year 2030.
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| Period | FFFEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.4% | 0.0% | 2.5% | 77.59% |
| 1 Yr | 10.4% | -3.5% | 27.2% | 63.14% |
| 3 Yr | 3.8%* | -17.6% | 12.7% | 50.59% |
| 5 Yr | 2.2%* | -11.3% | 9.3% | 44.22% |
| 10 Yr | 4.0%* | -3.8% | 9.8% | 47.68% |
* Annualized
| Period | FFFEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 13.7% | -1.8% | 29.3% | 48.88% |
| 2018 | -13.2% | -30.8% | -0.6% | 44.32% |
| 2017 | 14.4% | -36.9% | 19.9% | 37.08% |
| 2016 | 3.8% | -5.2% | 8.6% | 50.72% |
| 2015 | -5.7% | -25.3% | -0.9% | 51.14% |
| Period | FFFEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.4% | 0.0% | 2.5% | 77.59% |
| 1 Yr | 10.4% | -3.5% | 27.2% | 62.48% |
| 3 Yr | 6.3%* | -17.6% | 12.7% | 50.03% |
| 5 Yr | 5.8%* | -11.3% | 9.3% | 33.95% |
| 10 Yr | 7.8%* | -3.8% | 10.0% | 33.59% |
* Annualized
| Period | FFFEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 13.7% | -1.8% | 29.3% | 48.88% |
| 2018 | -10.9% | -25.4% | 1.3% | 56.14% |
| 2017 | 19.8% | -36.9% | 26.6% | 19.63% |
| 2016 | 8.1% | -3.2% | 12.3% | 20.64% |
| 2015 | -0.1% | -25.3% | 3.9% | 5.56% |
| FFFEX | Category Low | Category High | FFFEX % Rank | |
|---|---|---|---|---|
| Net Assets | 34.8 B | 33.5 K | 34.8 B | 0.17% |
| Number of Holdings | 35 | 1 | 497 | 10.10% |
| Net Assets in Top 10 | 24.5 B | 0 | 24.5 B | 0.17% |
| Weighting of Top 10 | 71.44% | 0.0% | 105.3% | 73.04% |
| Weighting | Return Low | Return High | FFFEX % Rank | |
|---|---|---|---|---|
| Stocks | 65.80% | 0.00% | 95.34% | 59.08% |
| Bonds | 26.01% | -156.19% | 72.14% | 42.68% |
| Cash | 7.55% | -8.67% | 187.11% | 18.05% |
| Convertible Bonds | 0.29% | 0.00% | 5.72% | 31.50% |
| Other | 0.24% | -1.55% | 53.56% | 32.29% |
| Preferred Stocks | 0.12% | 0.00% | 37.01% | 27.98% |
| Weighting | Return Low | Return High | FFFEX % Rank | |
|---|---|---|---|---|
| Financial Services | 21.65% | 3.80% | 22.83% | 5.74% |
| Technology | 14.91% | 3.36% | 21.12% | 61.51% |
| Healthcare | 12.89% | 1.80% | 18.61% | 20.86% |
| Consumer Cyclical | 10.83% | 2.04% | 12.85% | 31.55% |
| Industrials | 10.52% | 1.57% | 13.79% | 88.69% |
| Communication Services | 8.16% | 0.38% | 18.45% | 38.94% |
| Consumer Defense | 6.60% | 1.11% | 17.35% | 90.28% |
| Energy | 5.68% | 0.98% | 5.76% | 2.50% |
| Basic Materials | 4.23% | 0.62% | 6.63% | 39.91% |
| Real Estate | 2.43% | 0.46% | 19.93% | 97.73% |
| Utilities | 2.10% | 0.00% | 5.15% | 90.79% |
| Weighting | Return Low | Return High | FFFEX % Rank | |
|---|---|---|---|---|
| US | 34.45% | 0.00% | 68.87% | 69.52% |
| Non US | 31.35% | 0.00% | 44.16% | 29.63% |
| Weighting | Return Low | Return High | FFFEX % Rank | |
|---|---|---|---|---|
| Government | 37.26% | -2.84% | 59.25% | 35.19% |
| Cash & Equivalents | 22.58% | 0.04% | 187.10% | 36.38% |
| Corporate | 21.85% | 0.00% | 99.66% | 59.70% |
| Securitized | 17.78% | 0.00% | 34.71% | 47.73% |
| Municipal | 0.45% | 0.00% | 3.69% | 24.97% |
| Derivative | 0.08% | -170.75% | 40.01% | 48.35% |
| Weighting | Return Low | Return High | FFFEX % Rank | |
|---|---|---|---|---|
| US | 23.39% | -189.52% | 67.73% | 42.40% |
| Non US | 2.62% | -66.27% | 33.33% | 48.18% |
| FFFEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.69% | 0.00% | 150.91% | 41.87% |
| Management Fee | 0.69% | 0.00% | 1.05% | 95.30% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
| FFFEX 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 |
| FFFEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
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.
| FFFEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 0.00% | 171.00% | 25.68% |
| FFFEX | Category Low | Category High | FFFEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 4.88% | 95.31% |
| FFFEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Quarterly | Annually |
| FFFEX | Category Low | Category High | FFFEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.61% | -0.74% | 13.14% | 69.47% |
| FFFEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | Annually |
| Date | Amount |
|---|---|
| May 15, 2017 | $0.022 |
| May 07, 2012 | $0.035 |
| Dec 30, 2011 | $0.230 |
| May 09, 2011 | $0.028 |
| Dec 31, 2010 | $0.192 |
| May 10, 2010 | $0.030 |
| Dec 29, 2009 | $0.200 |
| May 18, 2009 | $0.040 |
| Dec 29, 2008 | $0.230 |
| May 12, 2008 | $0.040 |
| Dec 31, 2007 | $0.230 |
| May 07, 2007 | $0.040 |
| Dec 29, 2006 | $0.180 |
| May 15, 2006 | $0.030 |
| Dec 30, 2005 | $0.180 |
| May 16, 2005 | $0.005 |
| Dec 30, 2004 | $0.190 |
| May 17, 2004 | $0.030 |
| Dec 29, 2003 | $0.150 |
| May 05, 2003 | $0.040 |
| Dec 30, 2002 | $0.120 |
| May 06, 2002 | $0.030 |
| Dec 31, 2001 | $0.150 |
| May 07, 2001 | $0.050 |
| Jan 02, 2001 | $0.300 |
| Dec 23, 1999 | $0.370 |
| May 10, 1999 | $0.040 |
| Dec 31, 1998 | $0.200 |
Start Date
Tenure
Tenure Rank
Jun 30, 2011
8.51
8.5%
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.
Start Date
Tenure
Tenure Rank
Jan 21, 2014
5.95
6.0%
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 15.17 | 4.64 | 1.33 |
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