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Fidelity Freedom® Income Fund

  • Symbol: FFFAX
  • No Transaction Fee No Transaction Fee 1
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Morningstar® Snapshot*

AS OF 06/30/2015; MORNINGSTAR CATEGORY: Retirement Income
Returns 3 out of 5, Average Returns
LOWAVGHIGH
Expenses 1 out of 5, Low Fees
LOWAVGHIGH
Risk of this Category Category Risk Rating:4, where 1 is Lower and 10 is Higher
LOWERHIGHER

*Data provided by Morningstar.

Performance

 2 More Information
AS OF 6/30/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr 10 Yr
YTD (Daily)* +1.38% 1 Yr +1.63% 3 Yr +4.21% 5 Yr +4.91% 10 Yr +4.12%
*AS OF 7/30/2015; Value is cumulative

Hypothetical Growth of $10,000

 3, 4 More Information
AS OF 06/30/2015; MORNINGSTAR CATEGORY: Retirement Income
Shows growth of hypothetical $10,000 investment in Fidelity Freedom® Income Fund compared to Barclays U.S. Agg Bond,FID FF Income Comp Idx,Retirement Income over the selected time period
Fidelity Freedom® Income Fund
Retirement Income

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.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
This Fund 3.78% 6.37% 4.83% -12.14% 16.12% 7.63% 2.02% 6.40% 4.56% 3.86% 1.19%
Benchmark 2.43% 4.33% 6.97% 5.24% 5.93% 6.54% 7.84% 4.21% -2.02% 5.97% -0.10%
Benchmark-2 3.52% 6.98% 5.80% -7.24% 10.03% 6.16% 2.82% 5.05% 4.94% 4.56% 0.64%
Category 3.30% 7.34% 4.46% -18.06% 18.36% 8.94% 1.60% 9.01% 7.36% 4.36% 0.62%
+/- Benchmark 1.35% 2.04% -2.14% -17.38% 10.19% 1.09% -5.82% 2.19% 6.58% -2.11% 1.29%
+/- Benchmark-2 0.26% -0.61% -0.97% -4.90% 6.09% 1.47% -0.80% 1.35% -0.38% -0.70% 0.55%
+/- Category 0.48% -0.97% 0.37% 5.92% -2.24% -1.31% 0.42% -2.61% -2.80% -0.50% 0.57%

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

Objective

Seeks high total current income and, as a secondary objective, capital appreciation.

Strategy

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 stable "neutral" asset allocation strategy of approximately 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds, and 30% in short-term funds. 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.

Risk

The fund is subject to risks resulting from 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 fund is subject to the volatility of the financial markets, including that of equity and fixed income investments. Fixed income investments entail issuer default and credit risk, inflation risk, and interest rate risk (as interest rates rise, bond prices usually fall and vice versa). This effect is usually more pronounced for longer-term securities. No target date fund is considered a complete retirement program and there is no guarantee and 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

A mutual fund registered under FIDELITY ABERDEEN STREET TRUST, and managed by Strategic Advisers, Inc. This description is only intended to provide a brief overview of the fund. Read the fund's prospectus for more detailed information about the fund.

Details

More Information
Morningstar Category
Retirement Income
Fund Inception
10/17/1996
NAV
7/30/2015
$11.56
Glossary definition opens in new window.Exp Ratio (Gross)
5/28/2015
0.49%
($4.90 per $1000)
Glossary definition opens in new window.Exp Ratio (Net)
5/28/2015
0.49%
($4.90 per $1000)
Minimum to Invest 5
$2,500.00
Turnover Rate
3/31/2015
26%
Glossary definition opens in new window.Portfolio Net Assets ($M)
6/30/2015
$2,407.32
12 Month Low-High
6/30/2015
$11.53 - $11.87

Quarter-End Average Annual Total Returns

 3, 2 More Information
AS OF 6/30/2015; FUND INCEPTION 10/17/1996 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.49% AS OF 5/28/2015
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
Fidelity Freedom® Income Fund 1.63% 4.21% 4.91% 4.12% 4.93%
Barclays U.S. Agg Bond 1.86% 1.83% 3.35% 4.44% 5.57%
FID FF Income Comp Idx 1.76% 4.18% 4.63% 4.07% 5.01%
Retirement Income 0.50% 4.59% 5.65% 3.97% --
Glossary definition opens in new window.After Taxes on Distributions
Fidelity Freedom® Income Fund 0.77% 2.99% 3.88% 2.95% 3.56%
Retirement Income -2.05% 2.98% 4.30% 2.76% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
Fidelity Freedom® Income Fund 1.48% 3.01% 3.58% 2.91% 3.44%
Retirement Income 0.26% 2.90% 3.90% 2.65% --

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.

Strategic Advisers, Inc., a subsidiary of FMR LLC., manages the Fidelity Freedom Funds.

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: Retirement Income
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