Fidelity Freedom Index 2070 Premier II (FAVWX)
| Fund Assets | 83.74M |
| Expense Ratio | 0.04% |
| Min. Investment | $5,000,000,000 |
| Turnover | 9.00% |
| Dividend (ttm) | 0.15 |
| Dividend Yield | 1.34% |
| Dividend Growth | n/a |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | May 9, 2025 |
| Previous Close | 10.99 |
| YTD Return | 4.49% |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 9.29 |
| 52-Week High | 11.05 |
| Beta (5Y) | n/a |
| Holdings | 5 |
| Inception Date | n/a |
About FAVWX
The Fidelity Freedom Index 2070 Fund – Premium Class is a target date mutual fund designed to help investors plan for retirement around the year 2070. Its primary function is to provide a diversified, professionally managed portfolio that automatically adjusts its asset allocation structure over time. Early in its lifecycle, the fund emphasizes growth by allocating a substantial portion of its assets to U.S. and international equities, supporting long-term capital appreciation. As the target retirement date draws nearer, the fund gradually shifts toward a more conservative mix, increasing exposure to bonds and other fixed income investments, with the goal of reducing volatility and generating current income for retirees. This fund employs a disciplined, index-based investment process, leveraging Fidelity’s research capabilities and employing underlying Fidelity funds within its portfolio. It is suitable for individuals seeking a set-it-and-forget-it approach to retirement investing, as the fund’s asset allocation evolves automatically to align with changing risk profiles inherent to different life stages. Ultimately, the fund is expected to merge with a retirement income-oriented fund after the target date, supporting investors through their retirement years.
Top 10 Holdings
99.98% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Series Total Market Index Fund | FCFMX | 52.51% |
| Fidelity Series Global ex U.S. Index Fund | FSGEX | 37.23% |
| Fidelity Series Long-Term Treasury Bond Index Fund | FTLTX | 5.11% |
| Fidelity Series Bond Index Fund | FIFZX | 4.11% |
| Fidelity Series Intl Dev Mkts Bd Idx | FSTQX | 1.02% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 9, 2025 | $0.005 | May 12, 2025 |
| Dec 30, 2024 | $0.143 | Dec 31, 2024 |