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FUGXX

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1d
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Analysis and statistics

  • Open
    1.0026$
  • Previous Close
    1.0026$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

FUGXX.US represents the Fidelity Freedom® 2050 Fund, a target date retirement fund offered by Fidelity Investments. This fund is designed for investors who expect to retire around the year 2050. The fund operates on a "glide path," meaning its asset allocation gradually shifts over time, becoming more conservative as the target retirement date approaches. Initially, it invests primarily in stocks for higher potential growth, and then progressively increases its allocation to bonds and other more conservative asset classes to reduce risk as retirement nears. Its performance will fluctuate based on the performance of the underlying investments chosen by Fidelity.

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Factors

Fund Type: FUGXX.US is likely a money market fund.

Interest Rates: Money market fund yields, and thus prices, are very sensitive to changes in short-term interest rates. Higher rates generally lead to higher yields and vice versa.

Federal Reserve Policy: The Federal Reserve's monetary policy decisions, especially regarding the federal funds rate, directly impact money market fund yields.

Credit Risk: Although money market funds primarily invest in high-quality, short-term debt, the creditworthiness of the underlying securities still influences the fund's price. Defaults or downgrades can negatively affect it.

Maturity of Holdings: The average maturity of the fund's holdings impacts its sensitivity to interest rate changes. Longer maturities typically mean greater price volatility.

Supply and Demand: Investor demand for money market funds can influence their net asset value (NAV). Increased demand can push prices slightly higher.

Fund Expenses: Management fees and other expenses charged by the fund reduce the yield and can affect the fund's overall return, impacting price.

Economic Conditions: Overall economic health affects interest rate expectations and the perceived risk of underlying investments, indirectly influencing the fund's price.

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