DECK - Fidelity Freedom 2045 Fund Q1 2025 Review
2025-05-07 12:53:00 ET
Summary
- Fidelity Freedom® Funds (the Funds) are designed so that the target date referenced in the Fund name is the approximate year when investors expect to retire.
- The Funds employ a disciplined and time-tested investment process focused on helping investors achieve successful retirement outcomes by leveraging the depth and strength of Fidelity's investment research and resources.
- U.S. and non-U.S. equity funds with a value-oriented investment philosophy contributed to the fund's relative result this quarter.
Investment Approach
- Fidelity Freedom® Funds (the Funds) are designed so that the target date referenced in the Fund name is the approximate year when investors expect to retire.
- Except for Fidelity Freedom® Income Fund, each of the Funds seeks high total return until reaching its respective target retirement date; thereafter, each Fund's objective will be to seek high current income and, as a secondary objective, capital appreciation.
- Except for Fidelity Freedom® Income Fund, each Fund's asset allocation strategy becomes increasingly diversified as it approaches its target date – and beyond. Ultimately, the Funds are expected to merge with Fidelity Freedom Income Fund.
- The Funds employ a disciplined and time-tested investment process focused on helping investors achieve successful retirement outcomes by leveraging the depth and strength of Fidelity's investment research and resources.
PERFORMANCE SUMMARY |
Cumulative |
Annualized |
3 Month |
YTD |
1 Year |
3 Year |
5 Year |
10 Year/ LOF 1 |
Fidelity Freedom 2045 Fund Gross Expense Ratio: 0.75% 2 |
0.07% |
0.07% |
5.33% |
6.25% |
14.31% |
8.54% |
S&P 500 Index |
-4.27% |
-4.27% |
8.25% |
9.06% |
18.59% |
12.50% |
Fidelity Freedom 2045 Composite Index |
-0.44% |
-0.44% |
6.55% |
5.85% |
13.39% |
8.60% |
Morningstar Fund Target-Date 2045 |
-0.51% |
-0.51% |
5.61% |
5.64% |
13.32% |
7.83% |
% Rank in Morningstar Category (1% = Best) |
-- |
-- |
66% |
21% |
14% |
10% |
# of Funds in Morningstar Category |
-- |
-- |
190 |
180 |
156 |
105 |
1 Life of Fund (LOF) if performance is less than 10 years. Fund inception date: 06/01/2006. ...
Fidelity Freedom 2045 Fund Q1 2025 Review