CICHY - Fidelity Freedom 2055 Fund Q4 2024 Review
2025-03-17 23:55:00 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.
- Most underlying building-block portfolios across all asset classes outperformed or performed roughly in-line with their respective benchmark for the quarter.
- 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.
Performance Summary
| Cumulative |
| Annualized |
| 3 |
| 1 |
| 3 |
| 5 |
| 10 Year/ LOF1 |
| Month |
| YTD |
| Year |
| Year |
| Year |
| Fidelity Freedom 2055 Fund Gross Expense Ratio: 0.75%2 |
| -2.37% |
| 14.03% |
| 14.03% |
| 3.94% |
| 9.10% |
| 8.87% |
| S&P 500 Index |
| 2.41% |
| 25.02% |
| 25.02% |
| 8.94% |
| 14.53% |
| 13.10% |
| Fidelity Freedom 2055 Composite Index |
| -1.87% |
| 14.40% |
| 14.40% |
| 3.99% |
| 8.77% |
| 8.89% |
| Morningstar Fund Target-Date 2055 |
| -1.65% |
| 14.52% |
| 14.52% |
| 3.96% |
| 8.83% |
| 8.35% |
| % Rank in Morningstar Category (1% = Best) |
| -- |
| -- |
| 68% |
| 48% |
| 33% |
| 23% |
| # of Funds in Morningstar Category |
| -- |
| -- |
| 200 |
| 189 |
| 165 |
| 106 |