Fidelity Advisor Freedom® 2040 Fund Class I (FIFFX)

15.95
Net Asset Value
-0.68%
1 Day
+0.69%
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-0.06% 3 years+8.35%
3 months-3.19% 5 years+9.91%
1 year+16.47% Since inception+7.35%
Data through --

Peer Comparisonvs. Target-date 2040

 FIFFXCategory
Performance 5-yr return+9.91%+8.48%
Expense ratio0.75%0.85%
Risk 5 year sharpe ratio0.980.94
Net assets$2.2B$2.3B
Average market cap$44.0B$38.6B
Average P/E21.717.3
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. stock56.38%
International stock31.73%
Fixed income6.03%
Cash5.32%
Other0.52%
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 Fund11.56%
FEMSX Fidelity® Series Emerging Markets Fund9.08%
FIGSX Fidelity® Series International Growth Fund9.03%
FINVX Fidelity® Series International Value Fund8.93%
FMMLX Fidelity Advisor® Series Stock Selector Large Cap Value Fund7.51%
FLMLX Fidelity Advisor® Series Equity-Income Fund7.51%
FMFMX Fidelity Advisor® Series Equity Growth Fund6.50%
FAMGX Fidelity Advisor® Series Opportunistic Insights Fund6.09%
FSAEX Fidelity® Series All-Sector Equity Fund4.45%
FAOFX Fidelity Advisor® Series Growth Opportunities Fund4.29%