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Fidelity Advisor Freedom® 2040 Fund Class I (FIFFX)

14.10
Net Asset Value
+0.28%
1 Day
+5.54%
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+3.30% 3 years+5.37%
3 months+3.68% 5 years+9.50%
1 year+9.40% Since inception+6.44%
Data through --

Peer Comparisonvs. Target-date 2040

 FIFFXCategory
Performance 5-yr return+9.50%+10.39%
Expense ratio0.77%0.93%
Risk 5 year sharpe ratio0.940.91
Net assets$2.0B$1.7B
Average market cap$34.5B$35.0B
Average P/E19.118.8
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. stock59.01%
International stock29.85%
Fixed income5.51%
Cash5.15%
Other0.47%
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 Fund11.91%
FEMSX Fidelity® Series Emerging Markets Fund10.18%
FINVX Fidelity® Series International Value Fund9.25%
FIGSX Fidelity® Series International Growth Fund9.00%
FMALX Fidelity Advisor® Series Growth & Income Fund8.29%
FMMLX Fidelity Advisor® Series Stock Selector Large Cap Value Fund7.92%
FMFMX Fidelity Advisor® Series Equity Growth Fund6.55%
FAMGX Fidelity Advisor® Series Opportunistic Insights Fund6.15%
FSAEX Fidelity® Series All-Sector Equity Fund4.65%
FAOFX Fidelity Advisor® Series Growth Opportunities Fund4.28%