FFFGX Mutual Fund — Fidelity Freedom 2045 Fund

Fidelity Freedom 2045 Fund (FFFGX)

Updated October 16, 2026.

FFFGX is a Mutual Fund. its distribution rate is 1.17%, its trailing-12-month yield is 5.88%, its expense ratio is 0.68%. Dividend Vision Distribution Safety Score™ is 70/100 (Generally safe). Total return is 414.6% over the past 20.4 years, 367.3 points behind SPY at 781.9%.

Fidelity Freedom 2045 Fund is a target-date mutual fund that invests in a diversified mix of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds, with an asset allocation that automatically becomes more conservative over time as it approaches and moves past 2045. The fund carries an expense ratio of 0.68% and provides a modest current distribution rate. This fund appeals to long-term investors seeking a hands-off approach to asset allocation, particularly those planning for retirement around 2045.

FFFGX performance versus SPY

Price and return data through 2026-10-16.

Total return is 414.6% over the past 20.4 years, 367.3 points behind SPY at 781.9%. Over the past year its total return — price change plus distributions reinvested — is 16.0%. Its deepest 1-year drawdown was 9.6%.

FFFGX key facts

Distribution Safety Score™

70 · Generally safe

Safety-Adjusted Yield

0.82%

Issuer

Fidelity Investments

Asset type

Mutual Fund

Asset class

Equity

Inception date

06/01/2006

Expense ratio

0.68%

Distribution rate

1.17%

Distribution frequency

Semi-Annual

Trailing yield

5.88%

Last close

$17.17 (as of 2026-10-16)

NAV

$17.23 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)

AUM

$27,911,980,000

Average volume

0.0

Dividend

$0.646

Ex-dividend date

05/08/2026

Payment date

05/11/2026

Beta

1.23

How Dividend Vision calculates yield and returns

Distribution rate (1.17%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.88%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FFFGX risks and drawbacks

FFFGX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are semi-annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.6%.

Who may consider FFFGX — and who may not

It is a weaker fit for investors who need monthly cash flow (FFFGX pays semi-annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FFFGX

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Tagged: Mutual Fund.

Frequently asked questions

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