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Fidelity Freedom® 2040 Fund (FFFFX)

8.97
Net Asset Value
-0.22%
1 Day
+2.05%
Year-to-Date
Overall Morningstar Rating
Target-date 2040
Style or Category
No Load
Sales Expenses
0.77%
Expense Ratio
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+3.21% 3 years+6.22%
3 months+2.84% 5 years+6.60%
1 year-1.04% Since inception+2.93%
Data through --

Peer Comparisonvs. Target-date 2040

 FFFFXCategory
Performance 5-yr return+6.60%+6.13%
Expense ratio0.77%0.96%
Risk 5 year sharpe ratio0.570.58
Net assets$6.4B$1.6B
Average market cap$29.9B$33.7B
Average P/E17.717.6
Portfolio turnover16%16%

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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$2,500.00

Holdings

U.S. stock60.20%
International stock30.12%
Fixed income4.81%
Cash4.25%
Other0.63%
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
FNKLX Fidelity® Series Equity-Income Fund9.59%
FEMSX Fidelity® Series Emerging Markets Fund9.07%
FIGSX Fidelity® Series International Growth Fund9.04%
FINVX Fidelity® Series International Value Fund8.94%
FCGSX Fidelity® Series Growth Company Fund8.81%
FGLGX Fidelity® Series Growth & Income Fund7.35%
FSAEX Fidelity® Series All-Sector Equity Fund7.18%
FBLEX Fidelity® Series Stock Selector Large Cap Value Fund6.35%
FDMLX Fidelity® Series Intrinsic Opportunities Fund5.49%
FSBDX Fidelity® Series Blue Chip Growth Fund4.98%

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