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Fidelity Advisor Freedom® 2040 Fund Class I (FIFFX)

16.27
Net Asset Value
+0.06%
1 Day
+18.33%
Year-to-Date
Overall Morningstar Rating
Target-date 2040
Style or Category
No Load
Sales Expenses
0.75%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective 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- 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 Advisor Freedom- 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+2.07% 3 years+9.79%
3 months+4.50% 5 years+10.67%
1 year+18.88% Since inception+7.45%
Data through --

Peer Comparisonvs. Target-date 2040

 FIFFXCategory
Performance 5-yr return+10.67%+9.41%
Expense ratio0.75%0.86%
Risk 5 year sharpe ratio1.191.17
Net assets$2.2B$2.2B
Average market cap$39.4B$36.9B
Average P/E20.319.3
Portfolio turnover18%18%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureAndrew Dierdorf / 6 Years
Minimal initial investment$2,500.00
Minimum IRA investment$500.00

Holdings

U.S. stock56.76%
International stock32.15%
Fixed income5.72%
Cash4.80%
Other0.57%
Top 5 Sectors
Portfolio weighting
Financial service 19.49%
Industrial materials 15.27%
Energy 11.19%
Consumer goods 10.39%
Healthcare 10.33%
Top 10 Holdings
Portfolio weighting
FMALX Fidelity Advisor® Series Growth & Income Fund11.73%
FEMSX Fidelity® Series Emerging Markets Fund9.30%
FINVX Fidelity® Series International Value Fund9.13%
FIGSX Fidelity® Series International Growth Fund9.12%
FLMLX Fidelity Advisor® Series Equity-Income Fund7.55%
FMMLX Fidelity Advisor® Series Stock Selector Large Cap Value Fund7.52%
FMFMX Fidelity Advisor® Series Equity Growth Fund6.48%
FAMGX Fidelity Advisor® Series Opportunistic Insights Fund6.05%
FSAEX Fidelity® Series All-Sector Equity Fund4.46%
FAOFX Fidelity Advisor® Series Growth Opportunities Fund4.26%