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FHFIX Fidelity Advisor Freedom® 2055 I

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Fund FHFIX Fidelity Advisor Freedom® 2055 I VFFVX Vanguard Target Retirement 2055 Inv LFIKX MFS Lifetime 2055 R6  
Similarity
?
100% 98% 99%
Annual Fees
?
$80.88
(0.77% Exp. Ratio)
$16.81
(0.16% Exp. Ratio)
$54.62
(0.52% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.04% annual return
$34,659.28 $41,654.98 $37,376.88
Est. savings over 30 yrs +$6,995.70 +$2,717.60
Return
As of 11/30/16
1 YR RETURN 4.84%
3 YR 4.49%
5 YR 9.51%
10 YR --
1 YR RETURN 4.94%
3 YR 4.72%
5 YR 10.10%
10 YR --
1 YR RETURN 5.37%
3 YR 4.59%
5 YR --
10 YR --
Description
The investment seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond. The fund invests in a combination of Fidelity® domestic equity funds, international equity funds (developed and emerging markets), bond funds, and short-term funds. It uses an asset allocation strategy that becomes increasingly conservative until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund (approximately 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds, and 30% in short-term funds (approximately 10 to 19 years after the year 2055)).
The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the workforce in or within a few years of 2055 (the target year). The fund's asset allocation will become more conservative over time, meaning that the percentage of assets allocated to stocks will decrease while the percentage of assets allocated to bonds and other fixed income investments will increase.
The investment seeks a high level of total return consistent with its asset allocation until the approximate retirement year in 2055; thereafter, the fund will seek total return through a combination of current income and capital appreciation. The fund is designed to provide diversification among different asset classes for investors with the approximate retirement year in 2055. It invests substantially all of its assets in other MFS mutual funds, referred to as underlying funds.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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