Fidelity Freedom 2050 Fund Q4 2024 Review
Source: SeekingAlpha
2025-03-17 22:51:00 ET
Summary
- The Federal Reserve continued its easing cycle in Q4, yet higher-than-expected inflation in December led the Fed to signal a slowing of the pace of rate cuts.
- Active asset allocation positioning detracted from the Fund's relative return this quarter. An overweight position in non-U.S. equities hurt, as did an underweight in U.S. equities.
- The Fund's glide path and strategic asset allocation reflect our long-term views and insights on participant needs, diversification and capital markets.
Performance Summary
| Cumulative | Annualized | |||||
| 3 | 1 | 3 | 5 | 10 Year/ LOF1 | ||
| Month | YTD | Year | Year | Year | ||
| Fidelity Freedom 2050 Fund Gross Expense Ratio: 0.75%2 | -2.35% | 14.12% | 14.12% | 3.96% | 9.12% | 8.87% |
| S&P 500 Index | 2.41% | 25.02% | 25.02% | 8.94% | 14.53% | 13.10% |
| Fidelity Freedom 2050 Composite Index | -1.87% | 14.40% | 14.40% | 3.99% | 8.77% | 8.89% |
| Morningstar Fund Target-Date 2050 | -1.63% | 14.28% | 14.28% | 3.87% | 8.72% | 8.29% |
| % Rank in Morningstar Category (1% = Best) | -- | -- | 59% | 42% | 25% | 22% |
| # of Funds in Morningstar Category | -- | -- | 201 | 190 | 166 | 112 |
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Fidelity Freedom 2050 Fund Q4 2024 Review
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