APO - Fidelity Freedom 2050 Fund Q4 2024 Review
2025-03-17 22:51:00 ET
Summary
- The Federal Reserve continued its easing cycle in Q4, yet higher-than-expected inflation in December led the Fed to signal a slowing of the pace of rate cuts.
- Active asset allocation positioning detracted from the Fund's relative return this quarter. An overweight position in non-U.S. equities hurt, as did an underweight in U.S. equities.
- The Fund's glide path and strategic asset allocation reflect our long-term views and insights on participant needs, diversification and capital markets.
Performance Summary
| Cumulative |
| Annualized |
| 3 |
| 1 |
| 3 |
| 5 |
| 10 Year/ LOF1 |
| Month |
| YTD |
| Year |
| Year |
| Year |
| Fidelity Freedom 2050 Fund Gross Expense Ratio: 0.75%2 |
| -2.35% |
| 14.12% |
| 14.12% |
| 3.96% |
| 9.12% |
| 8.87% |
| S&P 500 Index |
| 2.41% |
| 25.02% |
| 25.02% |
| 8.94% |
| 14.53% |
| 13.10% |
| Fidelity Freedom 2050 Composite Index |
| -1.87% |
| 14.40% |
| 14.40% |
| 3.99% |
| 8.77% |
| 8.89% |
| Morningstar Fund Target-Date 2050 |
| -1.63% |
| 14.28% |
| 14.28% |
| 3.87% |
| 8.72% |
| 8.29% |
| % Rank in Morningstar Category (1% = Best) |
| -- |
| -- |
| 59% |
| 42% |
| 25% |
| 22% |
| # of Funds in Morningstar Category |
| -- |
| -- |
| 201 |
| 190 |
| 166 |
| 112 |