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Fidelity Freedom Index 2020 Fund
mutual fund
FKIPX
Payout Change
Pending
Price as of:
$15.67
-0.08
-0.51%
primary theme
Target-Date 2020
share class
FKIPX (Mutual Fund)
Fidelity Freedom Index 2020 Fund
Payout Change
Pending
Price as of:
$15.67
-0.08
-0.51%
primary theme
Target-Date 2020
share class
FKIPX (Mutual Fund)
Fidelity Freedom Index 2020 Fund
Payout Change
Pending
Price as of:
$15.67
-0.08
-0.51%
primary theme
Target-Date 2020
share class
Name
As of 04/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.1%
1 yr return
7.8%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
N/A
Net Assets
$7.28 B
Holdings in Top 10
99.9%
52 WEEK LOW AND HIGH
$15.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.06%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 35.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FKIPX - Profile
Distributions
- YTD Total Return 1.1%
- 3 Yr Annualized Total Return -0.6%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.72%
- Dividend Yield 2.3%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameFidelity Freedom Index 2020 Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateJun 29, 2020
-
Shares OutstandingN/A
-
Share ClassPremier
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Dierdorf
Fund Description
Investing primarily in a combination of Fidelity® U.S. 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.Allocating assets according to an 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® Index Income Fund, approximately 10 to 19 years after the year 2020. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's asset allocations from time to time when in the interests of shareholders. The asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, inflation-protected bond, and long-term treasury bond), and short-term funds.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 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.Using an asset allocation among underlying Fidelity® funds and futures as of April 1, 2023, of approximately: U.S. Equity Funds 28% International Equity Funds 19% International Bond Funds 5% U.S. Investment Grade Bond Funds 32% Long-Term Treasury Bond Funds 4% Long-Term Inflation-Protected Bond Funds 8% Short-Term Inflation-Protected Bond Funds 3% Short-Term Funds 2% * The Adviser may change these percentages over time. The allocation percentages may not add to 100% due to rounding. Designed for investors who retired in or within a few years of 2020 (target retirement date) at or around age 65. When the asset allocation of a fund matches Fidelity Freedom® Index Income Fund's asset allocation (approximately 10 to 19 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Freedom® Index Income Fund, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Freedom® Index Income Fund.
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FKIPX - Performance
Return Ranking - Trailing
| Period | FKIPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.1% | -0.2% | 5.1% | 76.64% |
| 1 Yr | 7.8% | 1.5% | 11.8% | 56.20% |
| 3 Yr | -0.6%* | -2.3% | 3.2% | 87.12% |
| 5 Yr | N/A* | 1.0% | 7.0% | 27.21% |
| 10 Yr | N/A* | 3.2% | 6.5% | 63.33% |
* Annualized
Return Ranking - Calendar
| Period | FKIPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.0% | 3.8% | 11.5% | 9.56% |
| 2022 | -18.4% | -32.2% | -12.0% | 39.71% |
| 2021 | 5.5% | -9.5% | 12.0% | 2.36% |
| 2020 | N/A | -12.1% | 12.6% | N/A |
| 2019 | N/A | -0.2% | 15.3% | N/A |
Total Return Ranking - Trailing
| Period | FKIPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.1% | -0.2% | 5.1% | 76.64% |
| 1 Yr | 7.8% | 1.5% | 11.8% | 56.20% |
| 3 Yr | -0.6%* | -2.3% | 3.2% | 87.12% |
| 5 Yr | N/A* | 1.0% | 7.0% | 26.47% |
| 10 Yr | N/A* | 3.2% | 6.5% | 58.89% |
* Annualized
Total Return Ranking - Calendar
| Period | FKIPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.8% | 7.6% | 15.6% | 41.18% |
| 2022 | -17.6% | -23.3% | -11.0% | 95.59% |
| 2021 | 8.5% | 4.1% | 16.5% | 62.20% |
| 2020 | N/A | -6.0% | 16.1% | N/A |
| 2019 | N/A | 12.6% | 21.7% | N/A |
NAV & Total Return History
FKIPX - Holdings
Concentration Analysis
| FKIPX | Category Low | Category High | FKIPX % Rank | |
|---|---|---|---|---|
| Net Assets | 7.28 B | 4.51 M | 38.2 B | 16.06% |
| Number of Holdings | 9 | 7 | 571 | 93.43% |
| Net Assets in Top 10 | 7.36 B | 2.38 M | 39 B | 13.87% |
| Weighting of Top 10 | 99.89% | 51.8% | 100.3% | 5.11% |
Top 10 Holdings
- FIDELITY SERIES BOND INDEX FUND 32.11%
- Fidelity Series Total Market Index Fund 27.85%
- Fidelity Series Global ex U.S. Index Fund 18.47%
- Fidelity Series 5+ Year Inflation-Protected Bond Index Fund 7.67%
- Fidelity Series International Developed Markets Bond Index Fund 4.93%
- Fidelity Series Long-Term Treasury Bond Index Fund 3.87%
- Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund 3.23%
- Fidelity Series Treasury Bill Index Fund 1.77%
- Fidelity Cash Central Fund 0.00%
Asset Allocation
| Weighting | Return Low | Return High | FKIPX % Rank | |
|---|---|---|---|---|
| Stocks | 99.89% | 0.00% | 100.11% | 13.87% |
| Convertible Bonds | 0.35% | 0.00% | 1.38% | 83.94% |
| Cash | 0.11% | 0.00% | 35.78% | 83.21% |
| Preferred Stocks | 0.00% | 0.00% | 0.04% | 62.04% |
| Other | 0.00% | -0.06% | 3.96% | 65.69% |
| Bonds | 0.00% | 0.00% | 75.85% | 76.64% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FKIPX % Rank | |
|---|---|---|---|---|
| Technology | 19.25% | 13.94% | 23.92% | 24.82% |
| Financial Services | 16.22% | 12.26% | 19.15% | 30.66% |
| Healthcare | 12.27% | 10.66% | 15.12% | 54.01% |
| Consumer Cyclical | 10.87% | 7.73% | 13.31% | 54.74% |
| Industrials | 10.06% | 8.53% | 12.76% | 64.23% |
| Communication Services | 7.51% | 5.56% | 9.97% | 29.93% |
| Consumer Defense | 7.51% | 4.92% | 10.96% | 16.06% |
| Basic Materials | 5.18% | 3.04% | 7.27% | 30.66% |
| Energy | 4.84% | 2.44% | 8.11% | 40.15% |
| Real Estate | 3.35% | 1.87% | 16.02% | 72.26% |
| Utilities | 2.95% | 1.91% | 7.99% | 46.72% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FKIPX % Rank | |
|---|---|---|---|---|
| US | 99.89% | 0.00% | 100.11% | 13.87% |
| Non US | 0.00% | 0.00% | 13.95% | 67.88% |
FKIPX - Expenses
Operational Fees
| FKIPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.06% | 0.06% | 24.24% | 100.00% |
| Management Fee | 0.06% | 0.00% | 0.61% | 38.24% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
| FKIPX 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
| FKIPX 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.
| FKIPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 35.00% | 5.00% | 137.00% | 61.34% |
FKIPX - Distributions
Dividend Yield Analysis
| FKIPX | Category Low | Category High | FKIPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.32% | 0.00% | 7.10% | 71.53% |
Dividend Distribution Analysis
| FKIPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| FKIPX | Category Low | Category High | FKIPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.72% | 0.16% | 3.78% | 48.51% |
Capital Gain Distribution Analysis
| FKIPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Monthly | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2023 | $0.364 | OrdinaryDividend |
| May 15, 2023 | $0.023 | OrdinaryDividend |
| Dec 30, 2022 | $0.428 | OrdinaryDividend |
| May 16, 2022 | $0.070 | OrdinaryDividend |
FKIPX - Fund Manager Analysis
Managers
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Oct 02, 2009
12.67
12.7%
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.
Finola McGuire Foley
Start Date
Tenure
Tenure Rank
Jun 15, 2018
3.96
4.0%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 16.18 | 5.96 | 2.41 |
