Fidelity Freedom 2020 (Ticker: FFFDX)
The investment aim of Fidelity Freedom 2020 fund is to provide high total return until its target retirement date. This mutual fund invests in a blend of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds. It will use a moderate asset allocation strategy designed for investors expecting to retire around the year 2020. It uses an asset allocation strategy that becomes increasingly conservative over time.
Fund Profile
- Fund Inception Date: Oct 17, 1996
- Ticker Symbol: FFFDX
- CUSIP: 31617R605
- Beta (3yr): 1.15
- Rank in category (YTD): 43%
- Category: Target Date 2016-2020
- Yield: 1.85%
- Capital Gains: 0%
- Expense Ratio: 0.69%
- Net Assets: $ 15.53 billion
- Number of Years Up: 10 years
- Number of Years Down: 5 years
- Annual Turnover Rate: 42%
Chris Sharpe has been managing this balanced fund since September 2007. It has an annual expense ratio of 0.69%. A part of fund of fund, the annual holdings turnover as of March 2012 is 42%. The latest dividend distributed was in December 2011 ($0.23%). The 12-month dividend yield is 1.85%. This Fidelity fund has total net assets of $15.53 billion. The fund CUSIP is 31617R605.
Fidelity Freedom 2020 fund |
This is a no-load fund, so there is no management fee and no sales charge fee. To invest in a regular brokerage account, you will need an initial investment of $2,500. You will only need an initial investment of $500 for retirement account. You can buy this hybrid mutual fund from 74 brokerages such as Fidelity, T Rowe Price, JP Morgan, Federated Trust Connect, Schwab Retail, EP Fee Small, TD Ameritrade Inc, E Trade Financial, etc.
Top Performer Target Date Mutual Funds 2011
As of February 2012, the top 4 sectors of this FFFDX fund are Domestic Equity Funds (43.62%), International Equity Funds (15.28%), Bond Funds (36.36%), and Short-Term Funds & Net Other Assets (4.74%). The top 5 mutual funds in its holdings are: Fidelity Series Investment Grade Bond Fund (21.19%), Fidelity Series Inflation-Protected Bond Index Fund (8.07%), Fidelity Series All-Sector Equity Fund (7.71%), Fidelity Series Large Cap Value Fund (7.06%), and Fidelity Series Commodity Strategy Fund (5.93%).
According to the fund’s prospectus, the principal investments risks include Investing in Other Funds,
Stock Market Volatility Risk, Interest Rate Risk, Foreign Investment risk, Leverage risk, bond market risk, etc.
Pros & Cons
Advantages of investing in this Fidelity fund are:
- Low cost mutual fund
- Consistent long term performance
- High equity fund portion in its assets (As of April 2012, it has 57% assets in equity)
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