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Fidelity Advisor Freedom® 2040 Fund Class I (FIFFX)

11.98
Net Asset Value
-1.88%
1 Day
-10.33%
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-7.08% 3 years+3.45%
3 months-11.07% 5 years+4.07%
1 year-10.30% Since inception+5.84%
Data through --

Peer Comparisonvs. Target date 2036-2040

 FIFFXCategory
Performance 5-yr return+4.07%+6.48%
Expense ratio0.76%0.97%
Risk 5 year sharpe ratio0.480.51
Net assets$1.9B$1.5B
Average market cap$34.9B$33.6B
Average P/E18.217.4
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. stock61.88%
International stock28.20%
Fixed income4.98%
Cash4.61%
Other0.34%
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 Fund11.69%
FIGSX Fidelity® Series International Growth Fund8.87%
FINVX Fidelity® Series International Value Fund8.86%
FEMSX Fidelity® Series Emerging Markets8.42%
FMALX Fidelity Advisor® Series Growth & Income Fund8.05%
FMMLX Fidelity Advisor® Series Stock Selector Large Cap Value Fund7.76%
FSAEX Fidelity® Series All-Sector Equity7.75%
FMFMX Fidelity Advisor® Series Equity Growth Fund6.54%
FAMGX Fidelity Advisor® Series Opportunistic Insights Fund6.01%
FAOFX Fidelity Advisor® Series Growth Opportunities Fund4.27%

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