Fidelity Freedom® 2040 Fund (FFFFX)

10.98
Net Asset Value
+1.20%
1 Day
+2.62%
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-3.26% 3 years+9.44%
3 months+4.69% 5 years+10.90%
1 year+18.70% Since inception+4.58%
Data through --

Peer Comparisonvs. Target-date 2040

 FFFFXCategory
Performance 5-yr return+10.90%+10.03%
Expense ratio0.75%0.85%
Risk 5 year sharpe ratio1.241.16
Net assets$23.6B$2.4B
Average market cap$36.4B$39.8B
Average P/E20.019.4
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. stock52.92%
International stock34.57%
Fixed income5.95%
Cash5.90%
Other0.67%
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 Fund9.40%
FIGSX Fidelity┬« Series International Growth Fund9.10%
FINVX Fidelity┬« Series International Value Fund9.10%
FGLGX Fidelity┬« Series Growth & Income Fund9.01%
FEMSX Fidelity┬« Series Emerging Markets Fund8.97%
FCGSX Fidelity┬« Series Growth Company Fund7.79%
FBLEX Fidelity┬« Series Stock Selector Large Cap Value Fund6.84%
FNKLX Fidelity┬« Series Value Discovery Fund4.84%
FVWSX Fidelity┬« Series Opportunistic Insights Fund4.30%
FSBDX Fidelity┬« Series Blue Chip Growth Fund3.94%