GE - Fidelity Freedom 2055 Fund Q1 2025 Commentary
2025-05-07 11:15:00 ET
Summary
- Fidelity Freedom® Funds aim for high total return until the target retirement date, then focus on high current income and capital appreciation.
- Active asset allocation and strong performance in non-U.S. equities significantly boosted Q1 returns, with notable contributions from value-oriented funds.
- Growth-biased U.S. and non-U.S. equity portfolios underperformed, particularly due to security selection in health care and information technology sectors.
- The fund's diversified, long-term strategy aims to navigate market volatility and policy uncertainty, emphasizing the importance of a disciplined investment process.
PERFORMANCE SUMMARY
Cumulative |
Annualized |
3 Month |
YTD |
1 Year |
3 Year |
5 Year |
10 Year/ LOF 1 |
Fidelity Freedom 2055 Fund Gross Expense Ratio: 0.75% 2 |
0.00% |
0.00% |
5.33% |
6.23% |
14.30% |
8.53% |
-4.27% |
-4.27% |
8.25% |
9.06% |
18.59% |
12.50% |
Fidelity Freedom 2055 Composite Index |
-0.44% |
-0.44% |
6.55% |
5.85% |
13.39% |
8.60% |
Morningstar Fund Target-Date 2055 |
-0.77% |
-0.77% |
5.59% |
5.91% |
13.86% |
8.02% |
% Rank in Morningstar Category (1% = Best) |
-- |
-- |
62% |
30% |
20% |
14% |
# of Funds in Morningstar Category |
-- |
-- |
191 |
181 |
157 |
99 |