Fidelity Freedom Income Fund Q4 2024 Review
Source: SeekingAlpha
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 |
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Fidelity Freedom Income Fund Q4 2024 Review
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