Fidelity Advisor Freedom 2040 Fund® Institutional Class (FIFFX)

Net Asset Value
1 Day
Overall Morningstar Rating
Target date 2036-2040
Style or Category
No Load
Sales Expenses
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).


1 month-1.15% 3 years+11.40%
3 months+2.51% 5 years+10.37%
1 year+8.98% Since inception+7.02%
Data through --

Peer Comparisonvs. Target date 2036-2040

Performance 5-yr return+10.37%+9.83%
Expense ratio0.78%1.03%
Risk 5 year sharpe ratio0.820.82
Net assets$2.2B$1.5B
Average market cap$34.0B$33.4B
Average P/E18.417.9
Portfolio turnover47%47%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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


U.S. stock62.03%
International stock27.34%
Fixed income5.39%
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® Ser Equity-Income11.58%
FIGSX Fidelity® Series International Growth8.94%
FINVX Fidelity® Series International Value8.74%
FMALX Fidelity Advisor® Series Growth & Income8.14%
FSAEX Fidelity® Series All-Sector Equity7.80%
FMMLX Fidelity Advisor® Ser Stk Sel Lg Cp Val7.76%
FEMSX Fidelity® Series Emerging Markets7.26%
FMFMX Fidelity Advisor® Series Equity Gr5.88%
FAOFX Fidelity Advisor® Series Growth Opps5.85%
FAMGX Fidelity Advisor® Ser Oppc Insights5.41%

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.