Fidelity Freedom Index 2045 Premier II (FAVPX)

Fund Assets	25.87B
Expense Ratio	0.04%
Min. Investment	$5,000,000
Turnover	13.00%
Dividend (ttm)	0.62
Dividend Yield	1.78%
Dividend Growth	13.53%
Payout Frequency	Semi-Annual
Ex-Dividend Date	May 8, 2026

Previous Close	34.74
YTD Return	13.60%
1-Year Return	20.35%
5-Year Return	n/a
52-Week Low	29.31
52-Week High	35.18
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.

• Fund Family: Fidelity
• Category: Target-Date 2045
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FAVPX
• Share Class: Premier Ii Class

Performance

FAVPX had a total return of 20.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 19.22%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FQIPX	Premier Class	0.05%
FFOLX	Institutional Premium Class	0.08%
FIOFX	Investor Class	0.12%

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 Intl Dev Mkts Bd Idx	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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 26, 2026

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