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Fidelity Freedom® 2050 Fund

  • Symbol: FFFHX
  • No Transaction Fee No Transaction Fee 1

Morningstar® Snapshot*

AS OF 3/31/2016; MORNINGSTAR CATEGORY: Target-Date 2050
Returns 3 out of 5, Average Returns
Expenses 2 out of 5, Below Average Fees
Risk of this Category Category Risk Rating:6, where 1 is Lower and 10 is Higher

*Data provided by Morningstar.


 2 More Information
AS OF 4/30/2016
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
YTD (Daily)* +1.60% 1 Yr -3.79% 3 Yr +6.18% 5 Yr +5.29% Life of Fund +4.35%
*AS OF 5/2/2016; Value is cumulative

Hypothetical Growth of $10,000

 3, 4 More Information
AS OF 4/30/2016; MORNINGSTAR CATEGORY: Target-Date 2050
Shows growth of hypothetical $10,000 investment in Fidelity Freedom® 2050 Fund compared to S&P 500,FID FF 2050 Comp Idx,Target-Date 2050 over the selected time period
Fidelity Freedom® 2050 Fund
Target-Date 2050

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
This Fund -- 9.77% -40.61% 32.47% 14.90% -5.57% 15.06% 21.87% 5.78% -0.24% 1.00%
Benchmark-2 -- 6.49% -37.26% 31.35% 14.46% -1.23% 15.17% 25.61% 7.29% -1.06% 1.99%
+/- Benchmark-2 -- 3.28% -3.35% 1.12% 0.44% -4.34% -0.11% -3.74% -1.51% 0.82% -0.99%

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Fund Manager(s)

More Information
Andrew J Dierdorf since 6/21/2011 Brett F Sumsion since 1/21/2014

Fund Overview


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.


Designed for investors who anticipate retiring in or within a few years of the fund's target retirement year at or around age 65 and plan to gradually withdraw the value of their account in the fund over time. Investing in a combination of Fidelity domestic equity funds, international equity funds (developed and emerging markets), bond funds, and short-term funds (underlying Fidelity funds). Allocating assets among underlying Fidelity funds according to a "neutral" asset allocation strategy that becomes increasingly conservative until it reaches an allocation similar to that of the Freedom Income Fund - approximately 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds, and 30% in short-term funds (approximately 10 to 19 years after the target year). Ultimately, the fund will merge with the Freedom Income Fund. Through an active asset allocation strategy, the Adviser may increase or decrease neutral asset class exposures by up to 10 percentage points for equity (includes domestic and international equity funds), bond and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The Adviser may also make active asset allocations within other asset classes (including commodities, high yield debt, floating rate debt, real estate debt, inflation-protected debt, and emerging markets debt) from 0% to 10% individually but no more than 25% in aggregate within those other asset classes. The Adviser may continue to seek high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.


The investment risk of each Fidelity Freedom Fund changes over time as its asset allocation changes. These risks are subject to the asset allocation decisions of the Investment Adviser. Pursuant to the Adviser's ability to use an active asset allocation strategy, investors may be subject to a different risk profile compared to the fund's neutral asset allocation strategy shown in its glide path. The funds are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, commodity-linked, and foreign securities. No target date fund is considered a complete retirement program and there is no guarantee any single fund will provide sufficient retirement income at or through retirement. Principal invested is not guaranteed at any time, including at or after the funds' target dates.

Additional Disclosures

This description is only intended to provide a brief overview of the mutual fund. Read the fund's prospectus for more detailed information about the fund.


More Information
Morningstar Category
Target-Date 2050
Fund Inception
Glossary definition opens in new window.Exp Ratio (Gross)
($7.50 per $1000)
Glossary definition opens in new window.Exp Ratio (Net)
($7.50 per $1000)
Minimum to Invest 5
Turnover Rate
Glossary definition opens in new window.Portfolio Net Assets ($M)
12 Month Low-High
$8.78 - $11.17

Quarter-End Average Annual Total Returns

 3, 2 More Information
AS OF 3/31/2016; FUND INCEPTION 6/1/2006 Glossary definition opens in new window.

0.75% AS OF 5/28/2015
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
Fidelity Freedom® 2050 Fund -3.65% 6.30% 5.73% -- 4.24%
S&P 500 1.78% 11.82% 11.58% 7.01% 7.17%
FID FF 2050 Comp Idx -2.46% 7.54% 7.81% -- 5.59%
Target-Date 2050 -4.25% 5.54% 5.90% 4.08% --
Glossary definition opens in new window.After Taxes on Distributions
Fidelity Freedom® 2050 Fund -5.02% 4.24% 4.17% -- 3.13%
Target-Date 2050 -6.43% 3.49% 4.20% 2.56% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
Fidelity Freedom® 2050 Fund -1.06% 4.57% 4.19% -- 3.15%
Target-Date 2050 -2.23% 3.63% 4.10% 2.61% --

The "Mutual Funds" area at the top of each page allows access to mutual fund holdings with individual and joint Fidelity non-retirement accounts. Individual stock positions, ETFs and 529 funds are not available through this view. For the full list of your holdings visit Portfolio Summary.

Mutual Funds are priced as of the previous business day's market close when the market is open. Mutual fund positions are priced as of the official market close (typically 4p.m.) and prices are generally available between 5 p.m. and 6p.m.

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2015 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

1. No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect the interests of long-term shareholders of the fund. Shares are subject to the fund's management and operating expenses. See Expenses & Fees for more information.

2. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

3. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

4. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

5. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. There is no minimum for additional investments in any type of Fidelity fund you already own.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

Morningstar Category: Target-Date 2050
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