Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Fidelity Advisor Freedom® 2040 Fund Class I (FIFFX)

15.12
Net Asset Value
+0.07%
1 Day
+9.96%
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 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-0.85% 3 years+6.71%
3 months+2.93% 5 years+9.57%
1 year+13.46% Since inception+7.22%
Data through --

Peer Comparisonvs. Target-date 2040

 FIFFXCategory
Performance 5-yr return+9.57%+9.50%
Expense ratio0.75%0.88%
Risk 5 year sharpe ratio1.161.12
Net assets$2.1B$2.0B
Average market cap$39.0B$35.7B
Average P/E20.519.4
Portfolio turnover18%18%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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. stock59.05%
International stock31.46%
Cash4.70%
Fixed income4.28%
Other0.53%
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 Fund11.55%
FEMSX Fidelity® Series Emerging Markets Fund9.95%
FIGSX Fidelity® Series International Growth Fund9.71%
FINVX Fidelity® Series International Value Fund9.67%
FLMLX Fidelity Advisor® Series Equity-Income Fund7.80%
FMMLX Fidelity Advisor® Series Stock Selector Large Cap Value Fund7.52%
FMFMX Fidelity Advisor® Series Equity Growth Fund6.79%
FAMGX Fidelity Advisor® Series Opportunistic Insights Fund6.28%
FSAEX Fidelity® Series All-Sector Equity Fund4.55%
FAOFX Fidelity Advisor® Series Growth Opportunities Fund4.49%