Fidelity Freedom Index 2020 Fund Investor Class (FPIFX)

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Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) is up 6.1% since the beginning of the year. FPIFX is currently trading at $18 per share. Investors who bought $1,000 worth of FPIFX shares 5 years ago would now be looking at an investment worth $1,268.

Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) has returned 6.05% so far this year and 15.45% over the past 12 months. Over the last ten years, FPIFX has returned 7.21% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Oct 5, 2009, FPIFX's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2020 with a return of +6.8%, while the worst month was Mar 2020 at -7.4%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FPIFX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +4.1%, while the worst single day was Mar 12, 2020 at -5.4%.

Fidelity Freedom Index 2020 Fund Investor Class has an annualized alpha of 0.69%, beta of 0.48, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since October 06, 2009.

• This fund participated in 61.14% of S&P 500 Index downside but only 51.34% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.48 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

FPIFX has an expense ratio of 0.12%, which is considered low.

FPIFX ranks 72 for risk / return — better than 72% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) and compare them to S&P 500 Index.

Fidelity Freedom Index 2020 Fund Investor Class provided a 5.79% dividend yield over the last twelve months, with an annual payout of $1.03 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Freedom Index 2020 Fund Investor 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 2020 Fund Investor 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 2020 Fund Investor Class was 21.59%, occurring on Oct 14, 2022. Recovery took 435 trading sessions.

The chart below shows the rolling one-month volatility.