Fidelity Freedom 2045 Fund Q4 2024 Review
Source: SeekingAlpha
2025-03-17 22:02:00 ET
Summary
- The fourth quarter of 2024 was volatile for most asset classes against a backdrop of the U.S. election, surging dollar strength, sticky inflation and rising interest rates in some markets.
- Active asset allocation decisions detracted from the Fund's performance versus the Fidelity Freedom® 2030 Composite Index in Q4, whereas the investment performance of the underlying portfolios contributed.
- Most underlying building-block portfolios across all asset classes outperformed or performed roughly in-line with their respective benchmark in the quarter.
Performance Summary
| Cumulative | Annualized | |||||
| 3 | 1 | 3 | 5 | 10 Year/ LOF1 | ||
| Month | YTD | Year | Year | Year | ||
| Fidelity Freedom 2045 Fund Gross Expense Ratio: 0.75%2 | -2.43% | 13.96% | 13.96% | 3.94% | 9.09% | 8.86% |
| S&P 500 Index | 2.41% | 25.02% | 25.02% | 8.94% | 14.53% | 13.10% |
| Fidelity Freedom 2045 Composite Index | -1.87% | 14.40% | 14.40% | 3.99% | 8.77% | 8.89% |
| Morningstar Fund Target-Date 2045 | -1.71% | 13.73% | 13.73% | 3.63% | 8.47% | 8.13% |
| % Rank in Morningstar Category (1% = Best) | -- | -- | 51% | 32% | 17% | 13% |
| # of Funds in Morningstar Category | -- | -- | 200 | 189 | 165 | 112 |
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Fidelity Freedom 2045 Fund Q4 2024 Review
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