Fidelity Advisor Freedom 2045 Fund
Fidelity Aberdeen Street Trust · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity Advisor Freedom 2045 Fund is a target-date 2045 fund.
- Asset class
- Target-date
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Target year
- 2045
- Features
- Fund of funds
Fund profile
As filed in the prospectus · 2026 Q2
Fidelity Advisor Freedom 2045 Fund seeks high total return with a
The fund invests in a mix of Fidelity U.S. equity, international equity, bond, and short-term funds according to a glide path that gradually shifts the allocation toward a more conservative mix over time, reaching a target allocation approximately 15 to 20 years after 2045. The adviser may actively adjust exposures relative to neutral allocations by up to 10% across major asset classes and may allocate up to 25% in aggregate to other asset classes including high-yield debt, floating rate debt, real estate debt, and emerging markets debt. The fund invests through underlying Fidelity funds rather than holding securities directly.
| Share class | Expense ratio |
|---|---|
| FFFZX | 0.93% |
| FFFJX | 1.68% |
| FFFTX | 1.18% |
| FFFIX | 0.68% |
| FCGLX | 0.45% |
| FIJQX | 0.65% |
Portfolio turnover 16.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 92.07% |
| Bonds | 5.40% |
| Cash & short-term | 2.94% |
| Loans | 0.11% |
| 3 smaller | 0.09% |
Look-through blends 31 underlying funds; 0.323% of NAV was not looked through and stays direct-classified.
Latest quarter
What changed since the fund's previous filing
Largest new: Fidelity Salem Street Trust, UST BILLS ×4, CHICAGO BOARD OF TRADE ×2, CHICAGO MERCANTILE EXCH INC
Largest exited: UST BILLS ×5, CHICAGO BOARD OF TRADE ×2, CHICAGO MERCANTILE EXCH INC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +30.81% | -54.86% | -89.89% | 12.64% | -65.75% | |
| +29.90% | +30.85% | -5.60% | 12.70% | -12.59% | |
| +30.56% | -24.69% | -70.43% | 12.70% | -42.71% | |
| +31.16% | +67.31% | +55.96% | 12.69% | -9.65% | |
| +31.47% | +68.80% | +58.14% | 12.68% | -9.55% | |
| +31.26% | +67.68% | +56.58% | 12.74% | -9.65% |
These classes hold the same portfolio, so the 148.03pp spread over 5 years is the cost difference between them — roughly 29.61pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| FGLGX | Fidelity Hastings Street TrustFGLGX | 11.19% | $29.52 | $282.51M | 9.6M |
| FEMSX | Fidelity Investment TrustFEMSX | 10.97% | $32.14 | $277.07M | 8.6M |
| FMFMX | Fidelity Advisor Series IFMFMX | 7.93% | $18.18 | $200.24M | 11.0M |
| FIGSX | Fidelity Investment TrustFIGSX | 7.42% | $21.57 | $187.50M | 8.7M |
| FSOSX | Fidelity Investment TrustFSOSX | 7.29% | $16.19 | $184.09M | 11.4M |
| FINVX | Fidelity Investment TrustFINVX | 7.06% | $16.74 | $178.35M | 10.7M |
| FVWSX | Fidelity ContrafundFVWSX | 6.96% | $28.45 | $175.94M | 6.2M |
| FNKLX | Fidelity Devonshire TrustFNKLX | 6.40% | $18.66 | $161.56M | 8.7M |
| FBLEX | Fidelity Devonshire TrustFBLEX | 6.36% | $15.47 | $160.68M | 10.4M |
| FAOFX | Fidelity Advisor Series IFAOFX | 5.73% | $20.85 | $144.64M | 6.9M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 77.30% of net assets, top 25 99.21%, across 17 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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