Fidelity Advisor Freedom 2040 Fund® Institutional Class (FIFFX)

14.55
Net Asset Value
+0.28%
1 Day
+2.54%
Year-to-Date
Overall Morningstar Rating
Target date 2036-2040
Style or Category
No Load
Sales Expenses
0.78%
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 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-1.02% 3 years+10.35%
3 months+1.43% 5 years+9.76%
1 year+8.10% Since inception+7.25%
Data through --

Peer Comparisonvs. Target date 2036-2040

 FIFFXCategory
Performance 5-yr return+9.76%+9.83%
Expense ratio0.78%1.03%
Risk 5 year sharpe ratio0.890.91
Net assets$2.3B$1.5B
Average market cap$33.6B$33.0B
Average P/E18.417.8
Portfolio turnover47%47%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureAndrew Dierdorf / 3 Years
Minimal initial investment$2,500.00
Minimum IRA investment$500.00

Holdings

U.S. stock61.55%
International stock27.77%
Fixed income5.67%
Cash4.39%
Other0.62%
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 Fund11.34%
FIGSX Fidelity® Series International Growth Fund9.03%
FINVX Fidelity® Series International Value Fund8.89%
FMALX Fidelity Advisor® Series Growth & Income Fund7.89%
FSAEX Fidelity® Series All-Sector Equity7.72%
FMMLX Fidelity Advisor® Series Stock Selector Large Cap Value Fund7.64%
FEMSX Fidelity® Series Emerging Markets7.43%
FAOFX Fidelity Advisor® Series Growth Opportunities Fund5.94%
FMFMX Fidelity Advisor® Series Equity Growth Fund5.92%
FAMGX Fidelity Advisor® Series Opportunistic Insights Fund5.44%

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