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FAZAX

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1d
1w
1m

Analysis and statistics

  • Open
    14.8652$
  • Previous Close
    14.8652$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

FAZAX.US is the ticker symbol for Fidelity Advisor Freedom 2030 Fund Class A. It's a mutual fund managed by Fidelity Investments that aims for a target retirement date of 2030. The fund invests in a mix of other Fidelity mutual funds, primarily stocks, bonds, and short-term instruments, with the asset allocation gradually shifting to a more conservative mix as the target retirement date approaches.
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Factors

FAZAX.US tracks 3x the inverse of the Russell 1000 Financial Services Index. Financial Sector Performance: The price is heavily influenced by the overall health and performance of the financial services sector. Negative news and trends cause FAZAX.US to rise.

Interest Rate Changes: Rising interest rates can positively impact financial institutions, decreasing FAZAX.US.

Economic Indicators: Economic downturns often hurt financial stocks, causing FAZAX.US to increase.

Market Sentiment: Negative market sentiment toward financial stocks can drive up FAZAX.US.

Leverage: The 3x leverage magnifies both gains and losses in the underlying index, increasing price volatility.

Expense Ratio: The fund's expense ratio slightly reduces returns, affecting its overall price over time.

Rebalancing: Daily rebalancing to maintain the 3x leverage can lead to tracking errors and affect the fund's price.

Derivatives Costs: The cost of derivatives used to achieve leverage can impact the fund's performance and price.

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