Fidelity Freedom 2065 Fund Q4 2024 Review

March 18, 2025 08:00:00 am

Source: SeekingAlpha

2025-03-18 08:00:00 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.
Active risk relative to the Composite index is at the low end of our historical range. The Fund is overweight equities, with a preference for non-U.S. relative to U.S. equities.

	Cumulative	Annualized
3		1	3	5	10 Year/ LOF1
Month	YTD	Year	Year	Year
Fidelity Freedom 2065 Fund Gross Expense Ratio: 0.76%2	-2.38%	14.02%	14.02%	3.95%	9.09%	9.94%
S&P 500 Index	2.41%	25.02%	25.02%	8.94%	14.53%	15.27%
Fidelity Freedom 2065 Composite Index	-1.87%	14.40%	14.40%	3.99%	8.77%	9.58%
Morningstar Fund Target-Date 2065+	-1.85%	14.48%	14.48%	4.15%	8.90%	--
% Rank in Morningstar Category (1% = Best)	--	--	69%	55%	40%	--
# of Funds in Morningstar Category	--	--	193	147	43	--