Fidelity Advisor Freedom® 2040 Fund Class I (FIFFX)

16.08
Net Asset Value
-0.56%
1 Day
+1.52%
Year-to-Date
Overall Morningstar Rating
Target-date 2040
Style or Category
No Load
Sales Expenses
0.75%
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-3.07% 3 years+8.67%
3 months+4.34% 5 years+10.20%
1 year+17.02% Since inception+7.85%
Data through --

Peer Comparisonvs. Target-date 2040

 FIFFXCategory
Performance 5-yr return+10.20%+10.03%
Expense ratio0.75%0.85%
Risk 5 year sharpe ratio1.211.16
Net assets$2.3B$2.4B
Average market cap$41.1B$39.8B
Average P/E20.719.4
Portfolio turnover18%18%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureAndrew Dierdorf / 6 Years
Minimal initial investment$2,500.00
Minimum IRA investment$500.00

Holdings

U.S. stock56.52%
International stock31.67%
Fixed income5.99%
Cash5.28%
Other0.55%
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
FMALX Fidelity Advisor® Series Growth & Income Fund11.82%
FIGSX Fidelity® Series International Growth Fund9.11%
FINVX Fidelity® Series International Value Fund9.09%
FEMSX Fidelity® Series Emerging Markets Fund8.97%
FMMLX Fidelity Advisor® Series Stock Selector Large Cap Value Fund7.60%
FLMLX Fidelity Advisor® Series Equity-Income Fund7.57%
FMFMX Fidelity Advisor® Series Equity Growth Fund6.31%
FAMGX Fidelity Advisor® Series Opportunistic Insights Fund5.86%
FSAEX Fidelity® Series All-Sector Equity Fund4.42%
FAOFX Fidelity Advisor® Series Growth Opportunities Fund4.16%