Fidelity Freedom Index 2045 Fund - Premier II Class (FAVPX)
| Fund Assets | 25.87B |
| Expense Ratio | 0.04% |
| Min. Investment | $5,000,000 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.68 |
| Dividend Yield | 2.01% |
| Dividend Growth | 19.65% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | May 8, 2026 |
| Previous Close | 33.96 |
| YTD Return | 10.45% |
| 1-Year Return | 25.78% |
| 5-Year Return | n/a |
| 52-Week Low | 27.50 |
| 52-Week High | 34.52 |
| Beta (5Y) | n/a |
| Holdings | 5 |
| Inception Date | n/a |
About FAVPX
Fidelity Freedom Index 2045 Fund Premier II Class is a target-date mutual fund designed for investors planning to retire around the year 2045, typically at or near age 65. The fund aims to deliver a high total return until the target retirement date, after which its focus shifts to generating high current income, with capital appreciation as a secondary goal. The fund achieves its objectives by investing primarily in a diversified mix of underlying Fidelity index funds across U.S. and international equities, as well as a range of bond and short-term funds. Its asset allocation is systematically adjusted over time, reducing exposure to stocks and increasing bond allocations as the target year approaches, thereby aligning with the changing risk tolerance of investors nearing retirement. The glide path strategy is designed to approximately match the asset allocation of the Fidelity Freedom Index Income Fund about 10 to 19 years after the target date, at which point the fund may merge with the Income Fund. This structure makes the fund a core option within defined contribution retirement plans, offering investors a managed, index-based solution for long-term retirement savings goals.
Performance
FAVPX had a total return of 25.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 19.59%.
Top Holdings
99.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Concord Street Trust - Fidelity Series Total Market Index Fund | n/a | 54.46% |
| Fidelity Series Global ex U.S. Index Fund | FSGEX | 34.97% |
| Fidelity Series Long-Term Treasury Bond Index Fund | FTLTX | 4.99% |
| Fidelity Series Bond Index Fund | FIFZX | 4.17% |
| Fidelity Series International Developed Markets Bond Index Fund | FSTQX | 1.38% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 8, 2026 | $0.068 | May 11, 2026 |
| Dec 30, 2025 | $0.614 | Dec 31, 2025 |
| May 9, 2025 | $0.037 | May 12, 2025 |
| Dec 30, 2024 | $0.533 | Dec 31, 2024 |