FDFVX Fees and Costs — Fidelity Advisor Freedom 2065 Fund, Class M
Data updated: 2026-08-24
The net expense ratio is 1.18%: a 0.68% management fee plus a 0.50% 12b-1 fee. This share class carries a maximum front-end sales load of 3.50%. In fiscal 2026 the fund paid $4K in broker commissions, 0.0014% of average net assets, and portfolio turnover was 18%.
FDFVX Fees and Expenses
Annual operating expenses and sales charges of FDFVX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.18% |
| Fee waiver | — |
| Net expense ratio | 1.18% |
| Sales charges | |
|---|---|
| Max front load | 3.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FDFVX Costs Over Time
On $10,000 invested in FDFVX, assuming 5% a year before costs, total costs come to $1,157 over 5 years, cutting the return by 1.98% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $350 | $350 | $350 |
| Fund expenses (net expense ratio 1.18%) | $120 | $372 | $644 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $18 | $74 | $162 |
| Total costs | $487 | $796 | $1,157 |
| Value after costs | $10,013 | $10,780 | $11,606 |
| Impact on return, per year | 4.87% | 2.47% | 1.98% |
FDFVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0014%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $3.2M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
FDFVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $2K | 59.68% |
| JPMORGAN CHASE and CO | $600 | 15.92% |
| GOLDMAN SACHS GROUP INC (THE) | $441 | 11.70% |
| UBS GROUP AG | $168 | 4.45% |
| BANK OF AMERICA CORPORATION | $122 | 3.25% |
| BARCLAYS PLC | $119 | 3.16% |
| ROYAL BANK OF CANADA | $69 | 1.83% |
FDFVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $1.2M | 37.89% |
| WELLS FARGO and CO | $743K | 23.30% |
| DEUTSCHE BANK AG | $307K | 9.62% |
| CITIGROUP INC | $277K | 8.69% |
| BANK OF MONTREAL QUE | $257K | 8.07% |
| MORGAN STANLEY | $129K | 4.04% |
| JEFFERIES FINANCIAL GROUP INC | $129K | 4.04% |
| BARCLAYS PLC | $79K | 2.49% |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC | $59K | 1.86% |
Fidelity Advisor Freedom 2065 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FDFRX | Class K6 | 0.45% | — |
| FDFQX | Class Z | 0.65% | none |
| FDFSX | Class I | 0.68% | none |
| FDFZX | Class A | 0.93% | 5.75% |
| FDFVX | Class M | 1.18% | 3.50% |
| FDFYX | Class C | 1.68% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.