Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Freedom Index Income Fund Institutional Premium Class, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) has returned -0.78% so far this year and 6.37% over the past 12 months. Over the last ten years, FFGZX has returned 3.87% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jun 29, 2015, FFGZX's average daily return is +0.01%, while the average monthly return is +0.31%. At this rate, your investment would double in approximately 18.7 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +4.3%, while the worst month was Sep 2022 at -4.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FFGZX closed higher 48% of trading days. The best single day was Nov 10, 2022 with a return of +2.1%, while the worst single day was Mar 12, 2020 at -2.3%.

Fidelity Freedom Index Income Fund Institutional Premium Class has an annualized alpha of 1.62%, beta of 0.17, and R² of 0.51 versus S&P 500 Index. Calculated based on daily prices since June 30, 2015.

• This fund participated in 29.34% of S&P 500 Index downside but only 24.67% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.17 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

FFGZX has an expense ratio of 0.08%, which is considered low.

FFGZX ranks 81 for risk / return — in the top 81% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Freedom Index Income Fund Institutional Premium Class provided a 3.46% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Freedom Index Income Fund Institutional Premium Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Freedom Index Income Fund Institutional Premium Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Freedom Index Income Fund Institutional Premium Class was 14.94%, occurring on Oct 20, 2022. Recovery took 454 trading sessions.

The current Fidelity Freedom Index Income Fund Institutional Premium Class drawdown is 3.09%.

The chart below shows the rolling one-month volatility.