Fidelity Advisor Freedom® 2040 Fund Class I (FIFFX)

15.53
Net Asset Value
+0.45%
1 Day
-1.96%
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 primarily in a combination of Fidelity-® domestic equity funds- international equity funds- bond funds- and short-term funds (underlying Fidelity -® funds). It allocates assets according to a neutral asset allocation strategy that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom-® Income Fund.

Performance

1 month+0.19% 3 years+7.98%
3 months+2.75% 5 years+10.04%
1 year+12.08% Since inception+7.36%
Data through --

Peer Comparisonvs. Target-date 2040

 FIFFXCategory
Performance 5-yr return+10.04%+8.48%
Expense ratio0.75%0.85%
Risk 5 year sharpe ratio0.970.92
Net assets$2.2B$2.3B
Average market cap$41.5B$42.0B
Average P/E18.017.5
Portfolio turnover23%23%

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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. stock56.02%
International stock31.20%
Fixed income6.38%
Cash5.94%
Other0.47%
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 Fund11.53%
FINVX Fidelity® Series International Value Fund9.05%
FIGSX Fidelity® Series International Growth Fund8.75%
FEMSX Fidelity® Series Emerging Markets Opportunities Fund8.52%
FMMLX Fidelity Advisor® Series Stock Selector Large Cap Value Fund7.52%
FLMLX Fidelity Advisor® Series Equity-Income Fund7.48%
FMFMX Fidelity Advisor® Series Equity Growth Fund6.49%
FAMGX Fidelity Advisor® Series Opportunistic Insights Fund6.06%
FSAEX Fidelity® Series All-Sector Equity Fund4.43%
FAOFX Fidelity Advisor® Series Growth Opportunities Fund4.30%