Fidelity Advisor Freedom 2040 Fund® Institutional Class (FIFFX)

14.74
Net Asset Value
-0.20%
1 Day
+3.88%
Year-to-Date
Overall Morningstar Rating
Target date 2036-2040
Style or Category
No Load
Sales Expenses
0.78%
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 underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds. 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 19 years after the year 2040).

Performance

1 month+1.00% 3 years+14.37%
3 months+2.79% 5 years+12.08%
1 year+10.06% Since inception+7.20%
Data through --

Peer Comparisonvs. Target date 2036-2040

 FIFFXCategory
Performance 5-yr return+12.08%+9.56%
Expense ratio0.78%1.03%
Risk 5 year sharpe ratio0.800.82
Net assets$2.3B$1.6B
Average market cap$34.7B$33.2B
Average P/E19.118.5
Portfolio turnover47%47%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureAndrew Dierdorf / 3 Years
Minimal initial investment$2,500.00
Minimum IRA investment$500.00

Holdings

U.S. stock61.63%
International stock27.80%
Fixed income5.59%
Cash4.39%
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® Series Equity-Income Fund11.47%
FIGSX Fidelity® Series International Growth Fund9.04%
FINVX Fidelity® Series International Value Fund8.91%
FMALX Fidelity Advisor® Series Growth & Income Fund7.94%
FSAEX Fidelity® Series All-Sector Equity7.74%
FMMLX Fidelity Advisor® Series Stock Selector Large Cap Value Fund7.71%
FEMSX Fidelity® Series Emerging Markets7.52%
FAOFX Fidelity Advisor® Series Growth Opportunities Fund5.96%
FMFMX Fidelity Advisor® Series Equity Growth Fund5.81%
FAMGX Fidelity Advisor® Series Opportunistic Insights Fund5.35%

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