- What does FPIFX invest in?
- This investment vehicle is designed to deliver substantial total returns leading up to its target retirement date. Once that date is reached, its strategy shifts to prioritize high current income, with capital appreciation becoming a secondary objective. The fund achieves this by investing in a diversified mix of underlying Fidelity index funds, which include U.S. and international stock funds, bond funds, and short-term funds. Apart from any money market funds, each of these underlying components aims to replicate the total return performance of a specific market index.
- What is the expense ratio of FPIFX?
- Fidelity Freedom Index 2020 Fund - Investor Class (FPIFX) charges an expense ratio of 0.12%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FPIFX's dividend yield?
- FPIFX's trailing-twelve-month yield is 5.78%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FPIFX?
- Effective duration measures FPIFX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FPIFX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FPIFX?
- FPIFX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of FPIFX?
- Yield to maturity (YTM) is the total return you'd earn from FPIFX if every bond in the portfolio is held to maturity at the current price. FPIFX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
