Fidelity Freedom® 2040 Fund (FFFFX)

10.66
Net Asset Value
+0.28%
1 Day
-0.37%
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+0.28% 3 years+8.49%
3 months+0.67% 5 years+9.87%
1 year+11.59% Since inception+4.24%
Data through --

Peer Comparisonvs. Target-date 2040

 FFFFXCategory
Performance 5-yr return+9.87%+8.48%
Expense ratio0.75%0.85%
Risk 5 year sharpe ratio0.990.92
Net assets$22.9B$2.3B
Average market cap$35.3B$42.0B
Average P/E17.617.5
Portfolio turnover16%16%

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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. stock52.46%
International stock34.25%
Fixed income6.36%
Cash6.30%
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
FDMLX Fidelity® Series Intrinsic Opportunities Fund9.97%
FINVX Fidelity® Series International Value Fund9.05%
FIGSX Fidelity® Series International Growth Fund8.75%
FGLGX Fidelity® Series Growth & Income Fund8.71%
FEMSX Fidelity® Series Emerging Markets Opportunities Fund8.52%
FCGSX Fidelity® Series Growth Company Fund7.97%
FBLEX Fidelity® Series Stock Selector Large Cap Value Fund6.70%
FNKLX Fidelity® Series Value Discovery Fund4.78%
FVWSX Fidelity® Series Opportunistic Insights Fund4.35%
FSBDX Fidelity® Series Blue Chip Growth Fund3.96%