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Fidelity Freedom K® 2040 Fund (FFKFX)

15.41
Net Asset Value
-0.45%
1 Day
+4.19%
Year-to-Date
Overall Morningstar Rating
Target-date 2040
Style or Category
No Load
Sales Expenses
0.67%
Expense Ratio
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+1.78% 3 years+7.21%
3 months+5.91% 5 years+9.75%
1 year+12.42% Since inception+11.18%
Data through --

Peer Comparisonvs. Target-date 2040

 FFKFXCategory
Performance 5-yr return+9.75%+6.13%
Expense ratio0.67%0.95%
Risk 5 year sharpe ratio0.660.66
Net assets$11.3B$1.6B
Average market cap$30.1B$34.7B
Average P/E18.118.2
Portfolio turnover17%17%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureAndrew Dierdorf / 5 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

U.S. stock59.14%
International stock31.06%
Fixed income4.89%
Cash4.30%
Other0.61%
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
FRLLX Fidelity® Series Equity-Income Fund Class F9.60%
FEMFX Fidelity® Series Emerging Markets Fund Class F9.16%
FFIGX Fidelity® Series International Growth Fund F9.02%
FFVNX Fidelity® Series International Value Fund Class F8.92%
FFGSX Fidelity® Series Growth Company Fund Class F8.73%
FTBTX Fidelity® Series Growth & Income Fund Class F7.36%
FSFFX Fidelity® Series All-Sector Equity Fund Class F7.19%
FRGEX Fidelity® Series Stock Selector Large Cap Value Fund Class F6.36%
FGLLX Fidelity® Series Intrinsic Opportunities Fund Class F5.46%
FSBEX Fidelity® Series Blue Chip Growth Fund Class F4.97%

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