Fidelity Freedom Index 2070 Instl Prem (FRBUX)
| Fund Assets | 101.64M |
| Expense Ratio | 0.08% |
| Min. Investment | $5,000,000,000 |
| Turnover | 9.00% |
| Dividend (ttm) | 0.15 |
| Dividend Yield | 1.27% |
| Dividend Growth | n/a |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | May 9, 2025 |
| Previous Close | 11.48 |
| YTD Return | 11.37% |
| 1-Year Return | 14.25% |
| 5-Year Return | n/a |
| 52-Week Low | 9.29 |
| 52-Week High | 11.63 |
| Beta (5Y) | n/a |
| Holdings | 5 |
| Inception Date | n/a |
About FRBUX
Fidelity Freedom Index 2070 Fund – Institutional Premium Class is a target date mutual fund designed for investors planning to retire around the year 2070. The fund’s primary objective is to seek high total return until it reaches its designated retirement year; thereafter, its focus shifts toward generating high current income, with capital appreciation as a secondary goal. It follows a dynamic asset allocation strategy that gradually becomes more conservative as the target date approaches, reducing equity exposure in favor of fixed income and other lower-risk investments over time. This fund invests in a diversified portfolio that includes U.S. and international equities, as well as bonds and short-term instruments. As of the latest reporting, its portfolio is weighted predominantly toward equities, with approximately 54% in U.S. stocks, 36% in non-U.S. stocks, and about 10% allocated to bonds and other assets. The glide path approach ensures that the investment mix automatically adjusts to align with an investor’s evolving risk tolerance as retirement nears. Managed by Fidelity’s extensive investment research team, this fund serves as a comprehensive retirement solution, aiming to provide investors with diversification, professional management, and a disciplined process for long-term goals.
Performance
FRBUX had a total return of 14.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.06%.
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 | $0.004 | May 12, 2025 |
| Dec 30, 2024 | $0.144 | Dec 31, 2024 |