CICHF - Fidelity Freedom 2060 Fund Q4 2024 Review
2025-03-18 06:05:00 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 for the quarter.
Performance Summary
| Cumulative |
| Annualized |
| 3 |
| 1 |
| 3 |
| 5 |
| 10 Year/ LOF1 |
| Month |
| YTD |
| Year |
| Year |
| Year |
| Fidelity Freedom 2060 Fund Gross Expense Ratio: 0.75%2 |
| -2.37% |
| 14.03% |
| 14.03% |
| 3.94% |
| 9.10% |
| 8.86% |
| S&P 500 Index |
| 2.41% |
| 25.02% |
| 25.02% |
| 8.94% |
| 14.53% |
| 13.10% |
| Fidelity Freedom 2060 Composite Index |
| -1.87% |
| 14.40% |
| 14.40% |
| 3.99% |
| 8.77% |
| 8.89% |
| Morningstar Fund Target-Date 2060 |
| -1.65% |
| 14.58% |
| 14.58% |
| 4.01% |
| 8.93% |
| 8.47% |
| % Rank in Morningstar Category (1% = Best) |
| -- |
| -- |
| 66% |
| 51% |
| 37% |
| 36% |
| # of Funds in Morningstar Category |
| -- |
| -- |
| 199 |
| 188 |
| 159 |
| 31 |