Morningstar® Investment Profile™   Morningstar®
Disclosure
  Format
for Print
Fidelity VIP Freedom® 2020 SC2
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2022-05-31
Out of 158
Target-Date 2020 Funds
Morningstar®
Style Box™
What is this?
As of 2022-04-30
As of 2022-04-30
Total Fund Assets ($ Mil)
638.66
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
The fund invests in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds. The adviser allocates assets according to a neutral asset allocation strategy that adjusts over time until it reaches an allocation similar to that of the VIP Freedom Income Portfolio℠, approximately 10 to 19 years after the year 2020.
  Morningstar Category: Target-Date 2020
Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2016-2020) for retirement. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Management adjusts the allocation among asset classes to more-conservative mixes as the target date approaches, following a preset glide path. A target-date portfolio is part of a series of funds offering multiple retirement dates to investors. 
  Investment Risks
Fund of Funds: An investment option with mutual funds in its portfolio may be subject to the expenses of those mutual funds in addition to those of the investment option itself.
  Target Asset Allocation
Glide Path
Allocation
Bonds
US Stocks
Non-US Stocks
Cash
Other
Years Until Retirement
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 20.7
Bullet Non-U.S. Stocks Non-U.S. Stocks 25.1
Bullet Bonds Bonds 43.9
Bullet Cash Cash 9.8
Bullet Other Other 0.6
Asset Allocation Rescaled Graph
Data through 2022-04-30
Morningstar Equity Sectors
% of Stocks
Cyclical 35.82
Basic Materials 6.62
Consumer Cyclical 9.83
Financial Services 17.77
Real Estate 1.60
Sensitive 42.81
Communication Services 6.94
Energy 5.46
Industrials 12.37
Technology 18.04
Defensive 21.36
Consumer Defensive 6.88
Healthcare 12.83
Utilities 1.65
Data through 2022-04-30
Morningstar Fixed-Income Sectors
% Fund
Government 49.81
Corporate 19.30
Securitized 12.47
Municipal 0.40
Cash & Equivalents 18.00
Other 0.01
Data through 2022-04-30
Credit Analysis
% Bonds
AAA 74.39
AA 2.42
A 7.43
BBB 13.45
BB 2.57
B 1.91
Below B 0.55
Not Rated -2.72
Data through 2022-04-30
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 89.87
Turnover % (as of 2021-12-31) 34.00
30 Day SEC Yield % ---
Top Holdings
Sector Country Maturity Date Market Value ($000) % of Net Assets
Fidelity® VIP Investment Grade Bd Init --- USA --- 177,260 27.52
Fidelity® VIP Overseas Initial --- USA --- 101,027 15.68
Fidelity® Inflation-Prot Bd Index --- USA --- 78,648 12.21
Fidelity® VIP Emerging Markets Initial --- USA --- 65,371 10.15
Fidelity® VIP Growth & Income Initial --- USA --- 32,350 5.02
Fidelity® VIP Equity-Income Initial --- USA --- 28,553 4.43
Fidelity® VIP Growth Initial --- USA --- 26,424 4.10
Fidelity® VIP Contrafund Initial --- USA --- 25,727 3.99
Fidelity® VIP Government Money Mkt Init --- USA --- 22,611 3.51
Fidelity® VIP Value Initial --- USA --- 21,023 3.26
Data through 2022-04-30
  Principal Risks   
Inflation-Protected Securities, Prepayment (Call), Foreign Securities, Loss of Money, Not FDIC Insured, Index Correlation/Tracking Error, Issuer, Interest Rate, Market/Market Volatility, Equity Securities, Underlying Fund/Fund of Funds, Leverage, China Region, Management, Passive Management, Target Date
Show Risk Definitions
  Other Information
Inception Date: 2005-04-26
Portfolio Manager(s)
Andrew J Dierdorf   (2011-06-30)
Andrew Dierdorf is co-manager of each fund, which he has managed since October 2009 (other than Fidelity Freedom® Index 2055 Fund, Fidelity Freedom® Index 2060 Fund, and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2055 Fund since June 2011, Fidelity Freedom® Index 2060 Fund since August 2014, and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Dierdorf has worked as a portfolio manager.
Brett F. Sumsion   (2014-01-21)
Brett Sumsion is co-manager of each fund, which he has managed since January 2014 (other than Fidelity Freedom® Index 2060 Fund and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2060 Fund since August 2014 and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2014, Mr. Sumsion has worked as a portfolio manager. Mr. Sumsion earned his bachelor of arts degree from Brigham Young University and his MBA from The Wharton School at the University of Pennsylvania. He is a CFA charterholder.
Investment Advisor(s)
Fidelity Management & Research Company LLC
Issuer
Fidelity Investments
Subadvisor(s)
---
Show Data Definitions

© Copyright 2022 Morningstar, Inc.
All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.