Fidelity Freedom 2055 Fund Q4 2024 Review
Source: SeekingAlpha
2025-03-17 23:55:00 ET
Summary
- The Federal Reserve continued its easing cycle in Q4, yet higher-than-expected inflation in December led the Fed to signal a slowing of the pace of rate cuts.
- Most underlying building-block portfolios across all asset classes outperformed or performed roughly in-line with their respective benchmark for the quarter.
- Active asset allocation positioning detracted from the Fund's relative return this quarter. An overweight position in non-U.S. equities hurt, as did an underweight in U.S. equities.
Performance Summary
| Cumulative | Annualized | |||||
| 3 | 1 | 3 | 5 | 10 Year/ LOF1 | ||
| Month | YTD | Year | Year | Year | ||
| Fidelity Freedom 2055 Fund Gross Expense Ratio: 0.75%2 | -2.37% | 14.03% | 14.03% | 3.94% | 9.10% | 8.87% |
| S&P 500 Index | 2.41% | 25.02% | 25.02% | 8.94% | 14.53% | 13.10% |
| Fidelity Freedom 2055 Composite Index | -1.87% | 14.40% | 14.40% | 3.99% | 8.77% | 8.89% |
| Morningstar Fund Target-Date 2055 | -1.65% | 14.52% | 14.52% | 3.96% | 8.83% | 8.35% |
| % Rank in Morningstar Category (1% = Best) | -- | -- | 68% | 48% | 33% | 23% |
| # of Funds in Morningstar Category | -- | -- | 200 | 189 | 165 | 106 |
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Fidelity Freedom 2055 Fund Q4 2024 Review
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