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Fidelity Freedom® 2040 Fund (FFFFX)

10.65
Net Asset Value
+0.28%
1 Day
+16.39%
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+1.91% 3 years+10.55%
3 months+3.90% 5 years+10.63%
1 year+21.05% Since inception+4.05%
Data through --

Peer Comparisonvs. Target-date 2040

 FFFFXCategory
Performance 5-yr return+10.63%+9.41%
Expense ratio0.75%0.88%
Risk 5 year sharpe ratio1.121.09
Net assets$21.3B$2.1B
Average market cap$34.1B$37.0B
Average P/E20.019.1
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. stock53.61%
International stock34.87%
Cash5.50%
Fixed income5.45%
Other0.58%
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 Fund10.44%
FIGSX Fidelity® Series International Growth Fund9.42%
FINVX Fidelity® Series International Value Fund9.41%
FGLGX Fidelity® Series Growth & Income Fund9.04%
FDMLX Fidelity® Series Intrinsic Opportunities Fund8.85%
FCGSX Fidelity® Series Growth Company Fund8.03%
FBLEX Fidelity® Series Stock Selector Large Cap Value Fund6.80%
FNKLX Fidelity® Series Equity-Income Fund4.70%
FVWSX Fidelity® Series Opportunistic Insights Fund4.46%
FSBDX Fidelity® Series Blue Chip Growth Fund4.04%