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Fidelity Freedom K® 2040 Fund (FFKFX)

14.55
Net Asset Value
+1.18%
1 Day
-1.62%
Year-to-Date
Overall Morningstar Rating
Target-date 2040
Style or Category
No Load
Sales Expenses
0.64%
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 underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds. It uses an asset allocation strategy that becomes increasingly conservative until it reaches 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-1.20% 3 years+5.57%
3 months+8.66% 5 years+6.37%
1 year-5.86% Since inception+10.88%
Data through --

Peer Comparisonvs. Target-date 2040

 FFKFXCategory
Performance 5-yr return+6.37%+5.71%
Expense ratio0.64%0.96%
Risk 5 year sharpe ratio0.500.51
Net assets$10.8B$1.6B
Average market cap$28.9B$33.7B
Average P/E17.117.4
Portfolio turnover19%19%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureAndrew Dierdorf / 4 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

U.S. stock60.75%
International stock29.71%
Fixed income4.90%
Cash4.02%
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
FRLLX Fidelity® Series Equity-Income Fund Class F9.60%
FEMFX Fidelity® Series Emerging Markets Fund Class F9.25%
FFIGX Fidelity® Series International Growth Fund F9.03%
FFVNX Fidelity® Series International Value Fund Class F8.82%
FFGSX Fidelity® Series Growth Company Fund Class F8.64%
FTBTX Fidelity® Series Growth &, Income Fund Class F7.38%
FSFFX Fidelity® Series All-Sector Equity Fund Class F7.38%
FRGEX Fidelity® Series Stock Selector Large Cap Value Fund Class F6.27%
FGLLX Fidelity® Series Intrinsic Opportunities Fund Class F5.39%
FSBEX Fidelity® Series Blue Chip Growth Fund Class F5.07%

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