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Fidelity Advisor Freedom® 2040 Fund Class I (FIFFX)

14.56
Net Asset Value
+0.14%
1 Day
+5.89%
Year-to-Date
Overall Morningstar Rating
Target-date 2040
Style or Category
No Load
Sales Expenses
0.77%
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+0.07% 3 years+6.24%
3 months+5.57% 5 years+8.52%
1 year+16.77% Since inception+6.87%
Data through --

Peer Comparisonvs. Target-date 2040

 FIFFXCategory
Performance 5-yr return+8.52%+8.99%
Expense ratio0.77%0.91%
Risk 5 year sharpe ratio0.920.88
Net assets$2.0B$1.8B
Average market cap$35.2B$35.6B
Average P/E19.419.4
Portfolio turnover21%21%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureAndrew Dierdorf / 5 Years
Minimal initial investment$2,500.00
Minimum IRA investment$500.00

Holdings

U.S. stock58.96%
International stock30.51%
Cash5.21%
Fixed income4.82%
Other0.51%
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 Fund11.75%
FEMSX Fidelity® Series Emerging Markets Fund10.04%
FINVX Fidelity® Series International Value Fund9.40%
FIGSX Fidelity® Series International Growth Fund9.38%
FMALX Fidelity Advisor® Series Growth & Income Fund8.12%
FMMLX Fidelity Advisor® Series Stock Selector Large Cap Value Fund7.86%
FMFMX Fidelity Advisor® Series Equity Growth Fund6.64%
FAMGX Fidelity Advisor® Series Opportunistic Insights Fund6.13%
FSAEX Fidelity® Series All-Sector Equity Fund4.60%
FAOFX Fidelity Advisor® Series Growth Opportunities Fund4.34%