Fidelity Freedom® 2040 Fund (FFFFX)

10.78
Net Asset Value
-0.65%
1 Day
+0.75%
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 month0.00% 3 years+8.67%
3 months-3.30% 5 years+10.33%
1 year+17.30% Since inception+4.21%
Data through --

Peer Comparisonvs. Target-date 2040

 FFFFXCategory
Performance 5-yr return+10.33%+8.48%
Expense ratio0.75%0.85%
Risk 5 year sharpe ratio1.020.94
Net assets$22.4B$2.3B
Average market cap$38.4B$38.6B
Average P/E20.917.3
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. stock52.72%
International stock34.85%
Fixed income6.02%
Cash5.74%
Other0.66%
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
FDMLX Fidelity® Series Intrinsic Opportunities Fund9.71%
FEMSX Fidelity® Series Emerging Markets Fund9.12%
FIGSX Fidelity® Series International Growth Fund9.04%
FINVX Fidelity® Series International Value Fund8.94%
FGLGX Fidelity® Series Growth & Income Fund8.74%
FCGSX Fidelity® Series Growth Company Fund8.10%
FBLEX Fidelity® Series Stock Selector Large Cap Value Fund6.71%
FNKLX Fidelity® Series Value Discovery Fund4.80%
FVWSX Fidelity® Series Opportunistic Insights Fund4.40%
FSBDX Fidelity® Series Blue Chip Growth Fund3.99%