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Fidelity Advisor Freedom 2020 M (FDTFX)

11.50 -0.03 (-0.26%)
As of 8:06 AM EDT. Market Open.

Fund Summary

The fund invests primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity ® funds). The adviser allocates assets according to a neutral asset allocation strategy that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund.

Fidelity Advisor Freedom 2020 M

BOSTON MA 02210
245 SUMMER STREET
617-563-7000

Fund Overview

Category Target-Date 2020
Fund Family Fidelity Investments
Net Assets 1.3B
YTD Return 3.57%
Yield 1.75%
Morningstar Rating
Inception Date Jul 24, 2003

Fund Operations

Last Dividend 0.21
Last Cap Gain 2.00
Holdings Turnover 21.00%
Average for Category --

Fees & Expenses

Expense FDTFX Category Average
Annual Report Expense Ratio (net) 0.82% 0.42%
Prospectus Net Expense Ratio 0.82% --
Prospectus Gross Expense Ratio 0.82% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.24%
Max Deferred Sales Load -- 1.25%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Brett F. Sumsion, Lead Manager since January 21, 2014
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.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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