The Fidelity Advisor Freedom target-date series benefits from a collaborative asset-allocation team employing a research-driven approach, and quality lineup of underlying funds. However, negative differences between it and sibling, Fidelity Freedom, alongside relatively higher fees, drive its lower ratings. This series earns a Morningstar Analyst Rating of Bronze for its two cheapest share classes, while its more-expensive shares continue to hold Neutral ratings.
Will FCAFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCAFX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FCAFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FCAFX’s parent organization’s priorities and whether they’re in line with investors’ interests.