Fidelity Freedom 2010 Fund Q4 2024 Review
Source: SeekingAlpha
2025-03-16 08:32:00 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.
- Overall, active asset allocation positioning detracted from the Fund's relative return this 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 2010 Fund Gross Expense Ratio: 0.48%2 | -2.48% | 5.26% | 5.26% | 0.11% | 3.31% | 4.47% |
| Bloomberg US Aggregate Bond Index | -3.06% | 1.25% | 1.25% | -2.41% | -0.33% | 1.35% |
| Fidelity Freedom 2010 Composite Index | -1.91% | 5.84% | 5.84% | 0.45% | 3.36% | 4.48% |
| Morningstar Fund Target-Date 2000-2010 | -1.91% | 6.71% | 6.71% | 0.91% | 3.90% | 4.44% |
| % Rank in Morningstar Category (1% = Best) | -- | -- | 85% | 88% | 77% | 65% |
| # of Funds in Morningstar Category | -- | -- | 97 | 86 | 79 | 46 |
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Fidelity Freedom 2010 Fund Q4 2024 Review
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