XOM - Fidelity Freedom 2060 Fund Q1 2025 Commentary
2025-05-07 11:35:00 ET
Summary
- Fidelity Freedom® Funds target retirement dates, seeking high total return until then, and high current income and capital appreciation thereafter.
- Q1 performance was bolstered by active asset allocation, particularly an overweight in non-U.S. equities and underweight in U.S. equities.
- Value-oriented U.S. and non-U.S. equity funds, like Fidelity® Series Large Cap Stock Fund and Fidelity® Series International Value Fund, significantly contributed to relative performance.
- Despite volatility, Fidelity's disciplined, diversified, long-term investment approach aims to balance total returns with risk sensitivity, proving effective over 29 years.
PERFORMANCE SUMMARY
Cumulative |
Annualized |
3 Month |
YTD |
1 Year |
3 Year |
5 Year |
10 Year/ LOF 1 |
Fidelity Freedom 2060 Fund Gross Expense Ratio: 0.75% 2 |
0.00% |
0.00% |
5.36% |
6.23% |
14.29% |
8.52% |
S&P 500 Index |
-4.27% |
-4.27% |
8.25% |
9.06% |
18.59% |
12.50% |
Fidelity Freedom 2060 Composite Index |
-0.44% |
-0.44% |
6.55% |
5.85% |
13.39% |
8.60% |
Morningstar Fund Target-Date 2060 |
-0.86% |
-0.86% |
5.47% |
5.95% |
14.01% |
8.17% |
% Rank in Morningstar Category (1% = Best) |
-- |
-- |
61% |
29% |
31% |
28% |
# of Funds in Morningstar Category |
-- |
-- |
190 |
180 |
151 |
49 |