FSNZX Fees and Costs — Fidelity Freedom 2045 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 $306K in broker commissions, 0.0013% of average net assets, and portfolio turnover was 12%.
FSNZX Fees and Expenses
Annual operating expenses and sales charges of FSNZX. 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 |
FSNZX Costs Over Time
On $10,000 invested in FSNZX, 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% |
FSNZX 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): 0.0013%
- Total broker commissions: $306K
- Bought from dealers (principal trades, not a cost): $273.3M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
FSNZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $178K | 58.13% |
| JPMORGAN CHASE and CO | $50K | 16.52% |
| GOLDMAN SACHS GROUP INC (THE) | $33K | 10.94% |
| UBS GROUP AG | $15K | 4.94% |
| BARCLAYS PLC | $12K | 3.77% |
| BANK OF AMERICA CORPORATION | $11K | 3.61% |
| ROYAL BANK OF CANADA | $6K | 2.09% |
FSNZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO and CO | $107.5M | 39.32% |
| NOMURA HOLDINGS INC | $90.2M | 33.02% |
| JEFFERIES FINANCIAL GROUP INC | $33.3M | 12.19% |
| CITIGROUP INC | $22.5M | 8.23% |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC | $4.8M | 1.76% |
| MORGAN STANLEY | $4.8M | 1.75% |
| DEUTSCHE BANK AG | $4.8M | 1.74% |
| BARCLAYS PLC | $4.1M | 1.52% |
| BANK OF MONTREAL QUE | $1.3M | 0.49% |
Fidelity Freedom 2045 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FFPEX | Premier Class | 0.37% | — |
| FJTKX | Class K6 | 0.45% | — |
| FSNZX | Class K | 0.65% | — |
| FFFGX | Fidelity Freedom 2045 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.