Fidelity announced upcoming changes to the Fidelity Freedom Index target-date series’ strategic asset allocation on July 13, 2021. The changes focus on the series’ fixed-income exposure and build on the asset-allocation team’s prior adjustments implemented in 2018 and 2019 to improve diversification across the glide path. This glide path update does not affect our current ratings.
Fidelity Advisor Freedom® Income A FAFAX
NAV / 1-Day Return
11.11
/
0.63
%
Total Assets
238.5 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.720%
Expense Ratio
0.720%
Fee Level
Below Average
Longest Manager Tenure
10.55
years
Category
Target-Date Retirement
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Medium / ModerateStatus
Open
TTM Yield
1.99%
Turnover
29%
Premium
Morningstar’s Analysis
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The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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The People Pillar is our evaluation of the FAFAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
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Strategic Asset Allocation Updates Coming to the Fidelity Advisor Freedom Target-Date Series
