Fidelity Freedom 2035 Fund Q4 2024 Review
Source: SeekingAlpha
2025-03-17 21:23:00 ET
Summary
- Fidelity Freedom® Funds are designed so that the target date referenced in the Fund name is the approximate year when investors expect to retire.
- 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.
- 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 2035 Fund Gross Expense Ratio: 0.69%2 | -2.64% | 11.04% | 11.04% | 2.47% | 7.57% | 8.07% |
| S&P 500 Index | 2.41% | 25.02% | 25.02% | 8.94% | 14.53% | 13.10% |
| Fidelity Freedom 2035 Composite Index | -2.12% | 11.42% | 11.42% | 2.57% | 7.30% | 8.09% |
| Morningstar Fund Target-Date 2035 | -2.00% | 11.06% | 11.06% | 2.40% | 6.97% | 7.15% |
| % Rank in Morningstar Category (1% = Best) | -- | -- | 58% | 47% | 16% | 9% |
| # of Funds in Morningstar Category | -- | -- | 205 | 189 | 165 | 112 |
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Fidelity Freedom 2035 Fund Q4 2024 Review
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