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Fidelity Freedom® 2040 Fund (FFFFX)

10.07
Net Asset Value
+0.80%
1 Day
+10.05%
Year-to-Date
Overall Morningstar Rating
Target-date 2040
Style or Category
No Load
Sales Expenses
0.77%
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+0.30% 3 years+6.49%
3 months+4.87% 5 years+11.02%
1 year+24.95% Since inception+3.81%
Data through --

Peer Comparisonvs. Target-date 2040

 FFFFXCategory
Performance 5-yr return+11.02%+7.96%
Expense ratio0.77%0.90%
Risk 5 year sharpe ratio1.231.16
Net assets$7.5B$1.9B
Average market cap$33.6B$35.5B
Average P/E19.919.4
Portfolio turnover15%15%

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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. stock56.98%
International stock32.76%
Cash5.63%
Fixed income4.04%
Other0.61%
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 Fund10.08%
FNKLX Fidelity® Series Equity-Income Fund9.84%
FIGSX Fidelity® Series International Growth Fund9.65%
FINVX Fidelity® Series International Value Fund9.57%
FCGSX Fidelity® Series Growth Company Fund8.29%
FBLEX Fidelity® Series Stock Selector Large Cap Value Fund6.95%
FGLGX Fidelity® Series Growth & Income Fund6.95%
FDMLX Fidelity® Series Intrinsic Opportunities Fund6.24%
FVWSX Fidelity® Series Opportunistic Insights Fund4.63%
FSBDX Fidelity® Series Blue Chip Growth Fund4.24%