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Fidelity Freedom K® 2040 Fund (FFKFX)

17.06
Net Asset Value
+0.06%
1 Day
+10.49%
Year-to-Date
Overall Morningstar Rating
Target-date 2040
Style or Category
No Load
Sales Expenses
0.64%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks high total return until its target retirement date. The fund invests in a combination of Fidelity  domestic equity funds, international equity funds (developed and emerging markets), bond funds, and short-term funds. It uses an asset allocation strategy that becomes increasingly conservative until it reaches an allocation similar to that of the Fidelity Freedom  K Income Fund (approximately 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds, and 30% in short-term funds (approximately 10 to 19 years after the year 2040)).

Performance

1 month-0.81% 3 years+7.29%
3 months+3.21% 5 years+9.98%
1 year+14.11% Since inception+11.92%
Data through --

Peer Comparisonvs. Target-date 2040

 FFKFXCategory
Performance 5-yr return+9.98%+9.50%
Expense ratio0.64%0.88%
Risk 5 year sharpe ratio1.191.12
Net assets$12.8B$2.0B
Average market cap$33.8B$35.7B
Average P/E19.919.4
Portfolio turnover19%19%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureAndrew Dierdorf / 6 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

U.S. stock55.39%
International stock34.30%
Cash5.47%
Fixed income4.23%
Other0.62%
Top 5 Sectors
Portfolio weighting
Financial service 17.98%
Industrial materials 14.50%
Consumer goods 12.65%
Energy 10.93%
Healthcare 10.25%
Top 10 Holdings
Portfolio weighting
FEMFX Fidelity® Series Emerging Markets Fund Class F9.94%
FFIGX Fidelity® Series International Growth Fund F9.70%
FFVNX Fidelity® Series International Value Fund Class F9.66%
FTBTX Fidelity® Series Growth & Income Fund Class F9.15%
FGLLX Fidelity® Series Intrinsic Opportunities Fund Class F8.74%
FFGSX Fidelity® Series Growth Company Fund Class F8.34%
FRGEX Fidelity® Series Stock Selector Large Cap Value Fund Class F6.85%
FRLLX Fidelity® Series Equity-Income Fund Class F5.07%
FWWEX Fidelity® Series Opportunistic Insights Fund Class F4.65%
FSBEX Fidelity® Series Blue Chip Growth Fund Class F4.28%