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Fidelity Advisor Freedom® 2040 Fund Class I (FIFFX)

13.22
Net Asset Value
-1.42%
1 Day
-6.84%
Year-to-Date
Overall Morningstar Rating
Target date 2036-2040
Style or Category
No Load
Sales Expenses
0.76%
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-7.07% 3 years+8.40%
3 months-8.40% 5 years+9.08%
1 year-4.24% Since inception+6.45%
Data through --

Peer Comparisonvs. Target date 2036-2040

 FIFFXCategory
Performance 5-yr return+9.08%+11.62%
Expense ratio0.76%1.01%
Risk 5 year sharpe ratio0.900.87
Net assets$2.0B$1.5B
Average market cap$34.6B$33.9B
Average P/E18.618.3
Portfolio turnover24%24%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureAndrew Dierdorf / 4 Years
Minimal initial investment$2,500.00
Minimum IRA investment$500.00

Holdings

U.S. stock62.47%
International stock28.40%
Fixed income5.23%
Cash3.54%
Other0.35%
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 Fund11.61%
FIGSX Fidelity® Series International Growth Fund9.02%
FINVX Fidelity® Series International Value Fund9.02%
FMALX Fidelity Advisor® Series Growth & Income Fund8.04%
FSAEX Fidelity® Series All-Sector Equity7.80%
FMMLX Fidelity Advisor® Series Stock Selector Large Cap Value Fund7.65%
FEMSX Fidelity® Series Emerging Markets7.60%
FMFMX Fidelity Advisor® Series Equity Growth Fund5.99%
FAOFX Fidelity Advisor® Series Growth Opportunities Fund5.72%
FAMGX Fidelity Advisor® Series Opportunistic Insights Fund5.53%

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