Fidelity Portfolio 2034 (FPCLX)
Fund Assets | n/a |
Expense Ratio | 0.04% |
Min. Investment | n/a |
Turnover | n/a |
Dividend (ttm) | n/a |
Dividend Yield | n/a |
Dividend Growth | n/a |
Payout Frequency | n/a |
Ex-Dividend Date | n/a |
Previous Close | 21.52 |
YTD Return | 13.33% |
1-Year Return | 11.51% |
5-Year Return | 43.52% |
52-Week Low | 17.97 |
52-Week High | 21.60 |
Beta (5Y) | n/a |
Holdings | n/a |
Inception Date | n/a |
About FPCLX
Fidelity Advisor 529 Portfolio 2034 Fund Class P is a target-date portfolio designed specifically for education savings within the framework of a 529 college savings plan. Its principal purpose is to help families and individuals accumulate funds for future higher education expenses by providing an investment strategy that evolves over time. At launch, the fund features a relatively aggressive asset allocation, with significant exposure to both U.S. and international equities, and a measured allocation to bonds. As the target date of 2034 approaches, the portfolio's allocation gradually shifts to become more conservative, reducing equity exposure in favor of fixed-income investments to help manage risk as the beneficiary nears college age. This fund is part of New Hampshire's 529 plan and is managed by Fidelity Investments, leveraging a diverse range of underlying Fidelity and Fidelity Advisor funds. The fund plays a key role in the education savings market, offering diversified, professionally managed exposure to global markets, with automatic adjustments intended to match the time horizon and risk profile of future education funding needs.
Performance
FPCLX had a total return of 11.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.39%.