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FROIX

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1d
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Analysis and statistics

  • Open
    9.9011$
  • Previous Close
    9.9011$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

Fidelity Freedom® 2030 Fund (FROIX.US) is a target date fund designed for investors planning to retire around the year 2030. It operates as a fund of funds, meaning it invests primarily in other Fidelity mutual funds representing a diversified portfolio of stocks, bonds, and short-term investments. The fund's asset allocation becomes more conservative over time as the target date approaches, gradually shifting from a higher allocation to equities towards a greater allocation to fixed income investments to reduce risk as retirement nears. The underlying funds are chosen and managed by Fidelity's asset allocation team, and the performance of FROIX.US is directly tied to the performance of the underlying funds it holds.
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Factors

Market Interest Rates: Rising interest rates often decrease bond fund values, as newly issued bonds become more attractive, pushing down the prices of existing bonds in the fund. Credit Quality: The creditworthiness of the bonds held within the fund significantly impacts its price. Downgrades in bond ratings can lower the fund's value. Fund Management Performance: Skillful fund management, reflected in consistent outperformance relative to its benchmark, can attract more investors, increasing demand and potentially raising the fund's price. Economic Conditions: A strong economy typically supports bond prices, while economic downturns can increase default risks and decrease bond values, impacting the fund.

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