Fidelity Freedom Index 2005 Fund
Data updated: 2024-06-14
C000220382 — Fidelity Freedom Index 2005 Fund. Target Date / Glide Path Allocation · $260.12M AUM. Holdings, fees, performance and SEC filings.
C000220382 Fund Overview
Fidelity Freedom Index 2005 Fund is a US mutual fund managed by Fidelity Aberdeen Street Trust, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fidelity Aberdeen Street Trust
- Category: Target Date / Glide Path Allocation
- Assets under management: $260.12M
- 1-year return: 6.1%
- SEC CIK: 0000880195
- SEC series ID: S000026412
- Share class ID: C000220382
C000220382 Investment Objective and Strategy
Fidelity Freedom Index 2005 Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Fidelity Aberdeen Street Trust.
Investment objective
The fund seeks high total return until its target retirement date. Thereafter the fund's objective will be to seek high current income and, as a secondary objective, capital appreciation.
Principal investment strategy
Investing in a combination of Fidelity domestic equity funds (including commodity funds), international funds (developed and emerging markets), bond funds (including treasury inflation-protected security funds), and short-term funds (underlying Fidelity funds), each of which (excluding the money market fund) seeks to provide investment results that correspond to the total return of a specific index or market segment. Allocating assets according to an asset allocation strategy shown in the glide path below that becomes increasingly conservative until it reaches an allocation similar to that of the Fidelity Freedom Index Income Fund, approximately 10 to 19 years after the year 2005 (approximately 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds, and 30% in short-term funds).
Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation. FMR Co., Inc. (FMRC) may continue to seek high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective. Using an asset allocation among underlying Fidelity funds and futures as of March 31, 2018, of approximately: Bond Funds* Inflation-Protected Bond Funds 5 Investment Grade Bond Funds 38 Domestic Equity Funds* Commodity Funds 1 Domestic Equity Funds 22 International Equity Funds* Developed International Equity Funds 10 Short-Term Funds* Short-Term Funds 24 * FMRC may change these percentages over time. The allocation percentages may not add to 100% due to rounding.
Designed for investors who retired in or within a few years of 2005 (target retirement date) at or around age 65 and plan to gradually withdraw the value of their account in the fund over time.
C000220382 Holdings
Top 9 holdings of Fidelity Freedom Index 2005 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Salem Street Trust | 42.69% |
| Fidelity Salem Street Trust | 19.88% |
| Fidelity Concord Street Trust | 11.68% |
| Fidelity Hereford Street Trust | 9.93% |
| Fidelity Salem Street Trust | 7.76% |
| Fidelity School Street Trust | 4.94% |
| Fidelity Salem Street Trust | 2.94% |
| Fidelity Salem Street Trust | 0.02% |
| Fidelity Revere Street Trust | 0.00% |
C000220382 Portfolio Allocation
Asset-class allocation of Fidelity Freedom Index 2005 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
C000220382 Performance
Total returns for C000220382 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 6.1% |
| 3 years (annualised) | 0.5% |
C000220382 Risk Information
Risk metrics for C000220382, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.4%
C000220382 Costs and Fees
C000220382 costs about $5 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.05%
- Gross expense ratio: 0.05%
- Portfolio turnover: 23%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000220382 Cashflows
Over the 12 months to 2024-03, Fidelity Freedom Index 2005 Fund had net inflows of $1.22M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | −$3.09M |
| 2024-02 | −$2.01M |
| 2024-01 | −$1.23M |
| 2023-12 | $5.03M |
| 2023-11 | $1.68M |
| 2023-10 | −$1.91M |
C000220382 Debt Constituents
No individual debt constituents are reported in Fidelity Freedom Index 2005 Fund's latest SEC N-PORT filing.
C000220382 Prospectus and SEC Filings
Official Fidelity Freedom Index 2005 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-05-24
- Prospectus (485BPOS) — filed 2023-05-24
- Prospectus supplement (497) — filed 2023-09-08
- Portfolio holdings (N-PORT) — filed 2024-05-23
- Portfolio holdings (N-PORT) — filed 2024-02-23
- Portfolio holdings (N-PORT) — filed 2023-11-27
- Annual census (N-CEN) — filed 2024-06-14
- Annual census (N-CEN) — filed 2023-06-13
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.