Fidelity Advisor Freedom 2040 Fund® Institutional Class (FIFFX)

14.45
Net Asset Value
+0.91%
1 Day
+0.21%
Year-to-Date
Overall Morningstar Rating
Target date 2036-2040
Style or Category
No Load
Sales Expenses
0.80%
Expense Ratio
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 using a moderate asset allocation strategy designed for investors expecting to retire around the year 2040. 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 17 years after the year 2040).

Performance

1 month+0.42% 3 years+7.90%
3 months+0.21% 5 years+15.64%
1 year+13.88% Since inception+7.12%
Data through --

Peer Comparisonvs. Target date 2036-2040

 FIFFXCategory
Performance 5-yr return+15.64%+17.41%
Expense ratio0.80%1.07%
Risk 5 year sharpe ratio1.231.23
Net assets$2.3B$1.4B
Average market cap$33.4B$34.1B
Average P/E17.417.5
Portfolio turnover26%26%

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Fund Management and Purchase Info

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

Holdings

U.S. stock56.39%
International stock27.21%
Fixed income11.85%
Cash3.97%
Other0.59%
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® Ser Equity-Income11.09%
FINVX Fidelity® Series International Value9.62%
FIGSX Fidelity® Series International Growth9.52%
FSAEX Fidelity® Series All-Sector Equity7.73%
FMALX Fidelity Advisor® Series Growth & Income7.68%
FMMLX Fidelity Advisor® Ser Stk Sel Lg Cp Val7.37%
FSHNX Fidelity® Series High Income6.59%
EQPGX Fidelity Advisor® Equity Growth Instl6.31%
FEMSX Fidelity® Series Emerging Markets5.61%
FAOFX Fidelity Advisor® Series Growth Opps5.55%

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