Fidelity Freedom 2045 Fund
Fidelity Aberdeen Street Trust · Series S000012117 · 4 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
Fidelity Freedom 2045 Fund seeks high total return until its target retirement date. Thereafter the fund's objective will be to seek high current income and, as a
The fund invests primarily in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds according to a glide path that adjusts asset allocations over time, becoming more conservative as it approaches and passes its 2045 target retirement date, ultimately converging toward the allocation of the Fidelity Freedom Retirement Fund approximately 15 to 20 years after 2045. The adviser may actively overweight or underweight asset classes by up to 10% relative to the neutral allocations to reflect its market outlook, 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. Because the fund invests through underlying Fidelity funds rather than holding securities directly, its returns depend on the performance of those underlying funds.
| Share class | Expense ratio |
|---|---|
| FFFGX | 0.68% |
| FSNZX | 0.65% |
| FJTKX | 0.45% |
| FFPEX | 0.37% |
Portfolio turnover 12.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 91.67% |
| Bonds | 5.40% |
| Cash & short-term | 3.32% |
| Loans | 0.11% |
| 3 smaller | 0.09% |
Look-through blends 31 underlying funds; 0.322% 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 ×5, CHICAGO BOARD OF TRADE, 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 |
|---|---|---|---|---|---|
| +33.46% | +70.53% | +60.24% | 12.72% | -9.73% | |
| +33.56% | +70.85% | +60.97% | 12.67% | -9.65% | |
| +33.84% | +71.93% | +62.50% | 12.66% | -9.60% | |
| — | — | — | — | — |
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 |
|---|---|---|---|---|---|
| FEMSX | Fidelity Investment TrustFEMSX | 10.96% | $32.14 | $3.12B | 96.9M |
| FGLGX | Fidelity Hastings Street TrustFGLGX | 10.17% | $29.52 | $2.89B | 97.9M |
| FCGSX | Fidelity Mt. Vernon Street TrustFCGSX | 10.01% | $33.82 | $2.84B | 84.1M |
| FIGSX | Fidelity Investment TrustFIGSX | 7.40% | $21.57 | $2.10B | 97.5M |
| FSOSX | Fidelity Investment TrustFSOSX | 7.28% | $16.19 | $2.07B | 127.7M |
| FINVX | Fidelity Investment TrustFINVX | 7.06% | $16.74 | $2.01B | 119.8M |
| FBLEX | Fidelity Devonshire TrustFBLEX | 6.62% | $15.47 | $1.88B | 121.5M |
| FNKLX | Fidelity Devonshire TrustFNKLX | 6.05% | $18.66 | $1.72B | 92.2M |
| FVWSX | Fidelity ContrafundFVWSX | 5.98% | $28.45 | $1.70B | 59.8M |
| FSBDX | Fidelity Securities FundFSBDX | 5.59% | $27.24 | $1.59B | 58.3M |
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 77.11% 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.
Sign in free