WFC - Fidelity Freedom 2045 Fund Q4 2024 Review
2025-03-17 22:02:00 ET
Summary
- The fourth quarter of 2024 was volatile for most asset classes against a backdrop of the U.S. election, surging dollar strength, sticky inflation and rising interest rates in some markets.
- Active asset allocation decisions detracted from the Fund's performance versus the Fidelity Freedom® 2030 Composite Index in Q4, whereas the investment performance of the underlying portfolios contributed.
- Most underlying building-block portfolios across all asset classes outperformed or performed roughly in-line with their respective benchmark in the quarter.
Performance Summary
| Cumulative |
| Annualized |
| 3 |
| 1 |
| 3 |
| 5 |
| 10 Year/ LOF1 |
| Month |
| YTD |
| Year |
| Year |
| Year |
| Fidelity Freedom 2045 Fund Gross Expense Ratio: 0.75%2 |
| -2.43% |
| 13.96% |
| 13.96% |
| 3.94% |
| 9.09% |
| 8.86% |
| S&P 500 Index |
| 2.41% |
| 25.02% |
| 25.02% |
| 8.94% |
| 14.53% |
| 13.10% |
| Fidelity Freedom 2045 Composite Index |
| -1.87% |
| 14.40% |
| 14.40% |
| 3.99% |
| 8.77% |
| 8.89% |
| Morningstar Fund Target-Date 2045 |
| -1.71% |
| 13.73% |
| 13.73% |
| 3.63% |
| 8.47% |
| 8.13% |
| % Rank in Morningstar Category (1% = Best) |
| -- |
| -- |
| 51% |
| 32% |
| 17% |
| 13% |
| # of Funds in Morningstar Category |
| -- |
| -- |
| 200 |
| 189 |
| 165 |
| 112 |