Skip to main content

Address And Details

82 Devonshire St , Boston, MA 02109
Fund Manager Andrew Dierdorf
Manager Tenure 10 Years 7 Months

Strategy And Objective

The Fund seeks high total return until its target retirement date. Thereafter the fund's objective will be to seek high current income and, as a secondary objective, capital appreciation.Investing primarily in a combination of Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity funds). Allocating 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 2040. Fidelity Management & Research Company LLC (the Adviser) may modify the fund s neutral asset allocations from time to time when in the interests of shareholders.Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation. The neutral asset allocation shown in the glide path depicts the allocation to domestic equity funds, international equity funds, bond funds (including investment grade debt, inflation-protected debt, and long-term treasury debt), and short-term funds. The Adviser, under normal market conditions, will make investments that are consistent with seeking high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective. As of April 1, 2020, the fund's neutral asset allocation to underlying Fidelity funds and futures was approximately Domestic Equity Funds 54% International Equity Funds 36% Investment Grade Bond Funds 7% Long-Term Treasury Bond Funds 3% Inflation-Protected Bond Funds 0% Short-Term Funds 0% The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding. The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class. The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, international debt, and emerging markets debt) from 0% to 10% of the fund s total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Designed for investors who anticipate retiring in or within a few years of 2040 (target retirement date) at or around age 65.

Net Asset Value

as of 5:14 PM ET 01/20/2022

Performance

  • 1 Week
  • -2.81%
  • 1 Month
  • -6.45%
  • 3 Months
  • -9.96%
  • 1 Yr Return
  • -4.47%
  • 5 Yr Return
  • +25.94%

Equity Sector Breakdown

Finance 99.93%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Other 99.93%
Stocks 0.07%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 12.66 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -2.51 -1.89 -2.45
Beta 0.89 0.87 0.88
R Squared 0.92 0.92 0.92
Std Deviation 16.09 14.00 12.04
Sharpe Ratio 1.27 0.99 n/a

Purchase Information

as of 5:21 PM ET 01/19/2022
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +16.48%
  • +16.48%
+16.48% +16.48%
3 Year
  • +19.94%
  • +19.94%
+19.94% +19.94%
10 Year
  • +11.80%
  • +11.80%
+11.80% +11.80%
Life Of Fund
  • +5.68%
  • +5.68%
+5.68% +5.68%

Top 10 Holdings

Symbol Company Name % Of Assets
FDMLX FIDELITY SER INTRINSIC OPP FD 8.02%
FCGSX FIDELITY SER GROWTH COMPANY F 7.86%
FINVX FIDELITY SER INTL VALUE FD 7.31%
FIGSX FIDELITY SER INTL GROWTH FD 7.29%
FSOSX FIDELITY SER OVERSEAS FUND 7.27%
FGLGX FIDELITY SER GROWTH & INCOME 6.95%
FBLEX FIDELITY SER ST SEL LG CP VAL 5.90%
FNKLX FIDELITY SER VALUE DISCOVERY 4.54%
FAMGX FIDELITY SER OPP INSIGHTS 4.05%
FSBDX FIDELITY SER BLUE CHIP GR FD 3.08%

LATEST NEWS

Recent Articles from TheStreet

Chipotle Serves Up E.Coli

Chipotle Set for 2022 Rebound Despite Covid, Other Headwinds: Keybanc

Chipotle saw a nearly 30% decline in the fourth quarter, giving investors an attractive entry point, according to Keybanc.

NFL Betting Lines Covid Lead

Where to Go for Your Free N95 Covid Masks

The government is providing them to community health centers and pharmacies, including Walgreens, CVS and Kroger.

Janet Yellen Lead

Inflation Should Get Better Soon, Janet Yellen Says

Treasury Secretary Janet Yellen expects inflation — currently at 7% — to fall back to 2% in the coming months.

China's Sovereign Digital Currency Plans Must Be Globally Compatible To Internationalise The Yuan, Analysts Say

Digital Dollar Not Imminent: The Fed's Pros and Cons

The Fed issued a report Thursday citing the pros and cons of a digital dollar. But it's in no rush to create such a currency.

Ethereum Bitcoin crash Lead

Russia Wants to Ban Crypto. Here Are Countries Where Crypto Are Illegal

Nine countries currently explicitly ban cryptocurrencies, while 42 others are less firm even if they consider them illegal.

Big Tech Tesla Apple Microsoft Lead

Wall Street Week Ahead: Can Apple, Tesla and Microsoft Throw Stocks An Earnings Lifeline?

Apple, Tesla and Microsoft will highlight a key series of earnings next week as investors look for a lifeline out of the worst January performance for the Nasdaq in more than a decade.

Netflix Lead

Netflix Stock Slumps After Earnings - Charting the Way Forward

Netflix stock is getting crushed after the earnings report. Is it time to buy or get out of the way?

TikTok Says It Has Filed A Legal Challenge Against Trump's August 14 Divestment Order To Defend Rights

Instagram, TikTok Test Creator Subscriptions as Influencer Power Grows

Instagram and TikTok gear up creator subscriptions as influencer marketing industry is on track to be worth up to $15 billion this year.

Build Back Better Act Infrastructure Nancy Pelosi Lead

Should Congress Be Banned From Stock Trading? Pelosi Now Says Maybe

House Speaker Pelosi, who has opposed legislation banning Congress members from trading individual stocks, signals she's open now to advancing it.