FSNUX Mutual Fund — Fidelity Freedom 2035 Fund - Class K

Fidelity Freedom 2035 Fund - Class K (FSNUX)

Updated October 16, 2026.

FSNUX is a Mutual Fund. its distribution rate is 6.00%, its trailing-12-month yield is 6.00%, its expense ratio is 0.58%. Dividend Vision Distribution Safety Score™ is 70/100 (Generally safe). Total return is 129.0% over the past 9.2 years, 126.8 points behind SPY at 255.8%.

Fidelity Freedom 2035 Fund - Class K is a mutual fund that invests across Fidelity's U.S. equity, international equity, bond, and short-term funds according to a target-date strategy designed for investors planning to retire around 2035. The fund gradually shifts its asset allocation over time, becoming progressively more conservative until it reaches an allocation similar to the Fidelity Freedom Income Fund approximately 10 to 19 years after 2035. It carries an expense ratio of 0.58% and a current distribution rate that is moderate to moderately high, making it suitable for investors seeking a diversified portfolio that automatically rebalances toward lower risk as they approach retirement.

FSNUX performance versus SPY

Price and return data through 2026-10-16.

Total return is 129.0% over the past 9.2 years, 126.8 points behind SPY at 255.8%. Over the past year its total return — price change plus distributions reinvested — is 11.0%. Its deepest 1-year drawdown was 7.5%.

FSNUX key facts

Distribution Safety Score™

70 · Generally safe

Safety-Adjusted Yield

4.20%

Issuer

Fidelity Investments

Asset type

Mutual Fund

Asset class

Equity

Expense ratio

0.58%

Distribution rate

6.00%

Distribution frequency

Semi-Annual

Trailing yield

6.00%

Last close

$18.58 (as of 2026-10-16)

NAV

$18.22 as of 2026-09-30; source eodhd (stale)

Premium / discount

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

AUM

$22,538,532,864

Average volume

0.0

Dividend

$0.575

Ex-dividend date

05/08/2026

Beta

1.06

How Dividend Vision calculates yield and returns

Distribution rate (6.00%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (6.00%) 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.

FSNUX risks and drawbacks

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 7.5%.

Who may consider FSNUX — and who may not

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

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Frequently asked questions

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