FRBEX Fees and Costs — Fidelity Freedom 2070 Fund, Class K
Data updated: 2026-08-24
The net expense ratio is 0.65%: a 0.64% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0011% of average net assets, and portfolio turnover was 19%.
FRBEX Fees and Expenses
Annual operating expenses and sales charges of FRBEX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FRBEX Costs Over Time
On $10,000 invested in FRBEX, assuming 5% a year before costs, total costs come to $410 over 5 years, cutting the return by 0.68% 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 |
| Fund expenses (net expense ratio 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $225 | $410 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
FRBEX 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): 0.0011%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $1.3M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
FRBEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $1K | 66.44% |
| GOLDMAN SACHS GROUP INC (THE) | $171 | 10.09% |
| JPMORGAN CHASE and CO | $154 | 9.12% |
| UBS GROUP AG | $86 | 5.08% |
| BARCLAYS PLC | $73 | 4.30% |
| ROYAL BANK OF CANADA | $56 | 3.32% |
| BANK OF AMERICA CORPORATION | $28 | 1.64% |
FRBEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO and CO | $674K | 51.53% |
| NOMURA HOLDINGS INC | $307K | 23.48% |
| BANK OF MONTREAL QUE | $218K | 16.65% |
| CITIGROUP INC | $109K | 8.33% |
Fidelity Freedom 2070 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FFPOX | Premier Class | 0.37% | — |
| FRBHX | Class K6 | 0.45% | — |
| FRBEX | Class K | 0.65% | — |
| FRBDX | Fidelity Freedom 2070 Fund | 0.68% | — |
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.