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Fidelity Advisor Freedom® 2040 Fund Class I (FIFFX)

13.81
Net Asset Value
+0.36%
1 Day
+3.37%
Year-to-Date
Overall Morningstar Rating
Target-date 2040
Style or Category
No Load
Sales Expenses
0.77%
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+1.70% 3 years+6.99%
3 months+6.90% 5 years+10.04%
1 year+8.50% Since inception+6.53%
Data through --

Peer Comparisonvs. Target-date 2040

 FIFFXCategory
Performance 5-yr return+10.04%+6.13%
Expense ratio0.77%0.95%
Risk 5 year sharpe ratio0.650.66
Net assets$2.0B$1.6B
Average market cap$33.3B$34.7B
Average P/E18.518.2
Portfolio turnover21%21%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureAndrew Dierdorf / 5 Years
Minimal initial investment$2,500.00
Minimum IRA investment$500.00

Holdings

U.S. stock60.40%
International stock29.39%
Fixed income4.95%
Cash4.77%
Other0.48%
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
FLMLX Fidelity Advisor® Series Equity-Income Fund11.38%
FEMSX Fidelity® Series Emerging Markets Fund9.58%
FIGSX Fidelity® Series International Growth Fund9.16%
FINVX Fidelity® Series International Value Fund9.06%
FMALX Fidelity Advisor® Series Growth & Income Fund7.84%
FMMLX Fidelity Advisor® Series Stock Selector Large Cap Value Fund7.60%
FSAEX Fidelity® Series All-Sector Equity Fund7.58%
FMFMX Fidelity Advisor® Series Equity Growth Fund6.28%
FAMGX Fidelity Advisor® Series Opportunistic Insights Fund5.83%
FAOFX Fidelity Advisor® Series Growth Opportunities Fund4.08%

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