Fidelity Freedom 2030 Fund (Ticker: FFFEX)
The investment aim of Fidelity Freedom 2030 Fund is to provide high total return until its target retirement date. The mutual fund invests in a mix of Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds. It is using a moderate asset allocation strategy designed for investors expecting to retire around the year 2030. This balanced fund utilizes an asset allocation strategy that converts gradually conservative until it reaches about 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds.
Fund Details
- Fund Inception Date: October 17, 1996
- Ticker Symbol: FFFEX
- CUSIP: 31617R704
- Beta (3yr): 1.34
- Rank in category (YTD): 19%
- Category: Target Date 2026-2030
- Distribution: 1.85 %
- Capital Gains: 0%
- Expense Ratio: 0.00%
- Net Assets: $ 10.94 billion
- Number of Years Up: 10 years
- Number of Years Down: 5 years
- Annual Turnover Rate: 26%
This Target Date 2026-2030 fund has 4-stars rating from Morningstar. The total net assets are $10.94 billion. It was first introduced to public in October 17, 1996. It also has a dividend yield of 1.85%. The fund manager is Chris Sharpe since September 2007. The annual holdings turnover as of September 17, 2012 is 26%. It is slightly higher than the average in Large Blend category which is 18.78%.
Top Target Date 2000-2010 Mutual Funds 2012
This asset allocation mutual fund has recorded 10 years of positive return and 5 years of negative return. The best achievement was achieved in 2009 with 30.57%. The YTD return is 10.40%. It also has 5-year annualized return of 0.55%. The fund has returned 8.70% over the past 1-year and 6.54% over the past 10-year.
FFFEX fund can be bought with $2,500 initial investment for brokerage account. No minimum subsequent investment needed. The brokerages that sell this fund are Vanguard, T Rowe Price, MSSB Retail Fund, Firstrade, JP Morgan, Pershing Fund Center, E Trade Financial, Schwab Retail, etc.
The assets allocation as of July 2012 is Domestic Equity Funds (52.01%), International Equity Funds (18.83%), Bond Funds (29.08%) and Short-Term Funds & Net Other Assets (0.08%).
According to the fund prospectus, this principal investment risks are investing in other funds risk, stock market volatility, interest rate changes, industry exposure risk, prepayment risk, issuer-specific changes, leverage risk, investing style risk, commodity-linked investing, etc.
Disclosure: No Position
Other Balanced Funds:
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