Fidelity Freedom 2045 Fund Q1 2026 Commentary (undefined:FFFGX)
Fidelity Investments·2026-06-16·via All Articles on Seeking Alpha
Summary
Fidelity Freedom 2045 Fund seeks high total return until reaching its target retirement date; thereafter, the objective will be to seek high current income and capital appreciation.
Active asset-allocation positioning and security selection contributed to the Fidelity Freedom 2045 Fund's performance versus the Composite index in Q1.
An overweight in commodities helped relative performance most, while an overweight in non-U.S. equities and an underweight in U.S. equities also contributed to the Fidelity Freedom 2045 Fund's results.
Fidelity increased exposure to equities for early-career investors and to equities and inflation-sensitive assets for investors near and in retirement.
Fidelity Freedom 2045 Fund prefers non-U.S. assets relative to U.S. assets, based on attractive valuations and the potential for non-U.S. assets to benefit from continued dollar weakness.
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