RCRUY - Fidelity Freedom Income Fund Q4 2024 Review
2025-03-25 07:47:00 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.
- 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 Income Fund Gross Expense Ratio: 0.47%2 |
| -2.40% |
| 4.34% |
| 4.34% |
| 0.03% |
| 2.37% |
| 3.31% |
| Bloomberg US Aggregate Bond Index |
| -3.06% |
| 1.25% |
| 1.25% |
| -2.41% |
| -0.33% |
| 1.35% |
| Fidelity Freedom Income Composite Index |
| -1.75% |
| 5.00% |
| 5.00% |
| 0.44% |
| 2.56% |
| 3.35% |
| Morningstar Fund Target-Date Retirement |
| -2.03% |
| 6.38% |
| 6.38% |
| 0.72% |
| 3.38% |
| 3.84% |
| % Rank in Morningstar Category (1% = Best) |
| -- |
| -- |
| 91% |
| 83% |
| 90% |
| 81% |
| # of Funds in Morningstar Category |
| -- |
| -- |
| 150 |
| 140 |
| 124 |
| 85 |