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Fidelity Freedom® 2040 Fund (FFFFX)

10.21
Net Asset Value
+0.39%
1 Day
+11.58%
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 until its target retirement date. 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 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+0.39% 3 years+7.60%
3 months+2.72% 5 years+10.18%
1 year+15.29% Since inception+3.96%
Data through --

Peer Comparisonvs. Target-date 2040

 FFFFXCategory
Performance 5-yr return+10.18%+9.50%
Expense ratio0.75%0.88%
Risk 5 year sharpe ratio1.181.12
Net assets$8.0B$2.0B
Average market cap$33.9B$35.7B
Average P/E20.019.4
Portfolio turnover15%15%

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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$2,500.00

Holdings

U.S. stock55.43%
International stock34.26%
Cash5.43%
Fixed income4.27%
Other0.62%
Top 5 Sectors
Portfolio weighting
Financial service 17.80%
Industrial materials 14.48%
Consumer goods 12.75%
Energy 10.91%
Healthcare 10.25%
Top 10 Holdings
Portfolio weighting
FEMSX Fidelity® Series Emerging Markets Fund9.93%
FIGSX Fidelity® Series International Growth Fund9.69%
FINVX Fidelity® Series International Value Fund9.66%
FGLGX Fidelity® Series Growth & Income Fund9.14%
FDMLX Fidelity® Series Intrinsic Opportunities Fund8.62%
FCGSX Fidelity® Series Growth Company Fund8.46%
FBLEX Fidelity® Series Stock Selector Large Cap Value Fund6.85%
FNKLX Fidelity® Series Equity-Income Fund5.08%
FVWSX Fidelity® Series Opportunistic Insights Fund4.66%
FSBDX Fidelity® Series Blue Chip Growth Fund4.28%