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FBFFX Fidelity Advisor Freedom® 2040 B

  • Fund
  • FBFFX
  • Price as of: Jun 23, 2016
  • $13.12
  • + $0.20
  • + 1.55%
  • Category
  • Target Retirement Date

FBFFX - Profile

Vitals

  • YTD Return -0.6%
  • 3 Yr Annualized Return 4.9%
  • 5 Yr Annualized Return 4.8%
  • Net Assets $2.02 B
  • Holdings in Top 10 78.6%

52 WEEK LOW AND HIGH

$13.12
$11.64
$13.90

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.00%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2010-09-01

STANDARD (TAXABLE)

$2,500

IRA

$500

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2040

Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.52%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Fidelity Advisor Freedom® 2040 Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Jul 24, 2003
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Andrew Dierdorf

Fund Description

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 Advisor 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)).

FBFFX - Performance

Return Ranking - Trailing

Period FBFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.6% -40.4% 17.0% 78.20% 5
1 Yr -4.5% -7.2% 17.3% 95.90% 5
3 Yr 4.9% * 0.4% 8.3% 71.85% 4
5 Yr 4.8% * 1.2% 9.9% 86.11% 5
10 Yr 3.5% * 1.9% 6.7% 93.43% 5

* Annualized


Return Ranking - Calendar

Period FBFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.8% -33.1% 1.2% 46.89% 3
2014 N/A 5.0% 5.1% N/A N/A
2013 N/A 20.5% 22.2% N/A N/A
2012 N/A 12.6% 13.1% N/A N/A
2011 N/A -4.7% -4.4% N/A N/A

Total Return Ranking - Trailing

Period FBFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.6% -40.4% 17.0% 78.41% 5
1 Yr -9.0% -11.0% 17.3% 97.04% 5
3 Yr 4.0% * -0.9% 8.3% 79.24% 5
5 Yr 4.4% * 0.8% 9.9% 85.74% 5
10 Yr 3.5% * 1.4% 6.7% 90.91% 5

* Annualized


Total Return Ranking - Calendar

Period FBFFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.8% -33.1% 1.2% 46.95% 3
2014 N/A 5.0% 5.1% N/A N/A
2013 N/A 23.3% 24.9% N/A N/A
2012 N/A 15.9% 16.4% N/A N/A
2011 N/A -2.7% -2.4% N/A N/A

NAV & Total Return History

FBFFX - Holdings

Filings data as of: Apr 30, 2016

Concentration Analysis

FBFFX Category Low Category High FBFFX % Rank Quintile
Net Assets 2.02 B 342 K 31.4 B 4.78% 1
Number of Holdings 26 2 9892 2.34% 2
Net Assets in Top 10 1.57 B 286 K 30.4 B 4.47% 1
Weighting of Top 10 78.6% 2.3% 103.8% 14.17% 3

Top 10 Holdings

  1. Fidelity Advisor® Ser Equity-Income 11.57%
  2. Fidelity® Series International Growth 8.99%
  3. Fidelity® Series International Value 9.01%
  4. Fidelity Advisor® Series Growth & Income 7.99%
  5. Fidelity® Series All-Sector Equity 7.61%
  6. Fidelity Advisor® Ser Stk Sel Lg Cp Val 7.71%
  7. Fidelity® Series Emerging Markets 9.44%
  8. Fidelity Advisor® Series Equity Gr 6.30%
  9. Fidelity Advisor® Series Growth Opps 4.15%
  10. Fidelity Advisor® Ser Oppc Insights 5.85%

Asset Allocation

Weighting Category Low Category High FBFFX % Rank Quintile
Stocks
90.15% 0.34% 97.58% 1.66% 1
Bonds
4.86% -0.13% 101.10% 24.40% 5
Cash
4.49% -32.35% 94.64% 13.81% 3
Preferred Stocks
0.41% -0.02% 7.79% 1.04% 1
Convertible Bonds
0.08% 0.00% 4.38% 2.54% 2
Other
0.02% -1.71% 47.06% 13.40% 5

Stock Sector Breakdown

Weighting Category Low Category High FBFFX % Rank Quintile
Technology
15.88% 0.02% 21.09% 0.78% 1
Financial Services
15.73% 0.18% 17.43% 0.68% 1
Healthcare
11.11% 0.04% 17.25% 2.70% 1
Consumer Cyclical
10.36% 0.03% 15.84% 4.78% 2
Industrials
9.58% 0.04% 12.08% 4.57% 2
Consumer Defense
8.41% 0.03% 11.41% 2.13% 1
Energy
5.43% 0.07% 7.94% 2.03% 1
Communication Services
3.69% 0.04% 5.22% 1.71% 1
Basic Materials
3.06% 0.03% 7.27% 6.86% 3
Real Estate
2.88% 0.03% 18.29% 10.86% 3
Utilities
2.54% 0.00% 8.30% 3.69% 2

Stock Geographic Breakdown

Weighting Category Low Category High FBFFX % Rank Quintile
US
61.46% 0.06% 73.29% 1.71% 1
Non US
28.69% 0.00% 54.00% 5.56% 2

Bond Sector Breakdown

Weighting Category Low Category High FBFFX % Rank Quintile
Cash & Equivalents
4.47% -46.20% 94.64% 14.12% 4
Corporate
4.07% 0.00% 53.64% 19.31% 4
Government
0.99% -27.29% 90.96% 22.12% 5
Securitized
0.25% 0.00% 25.32% 21.18% 5
Municipal
0.03% 0.00% 2.32% 4.52% 4
Derivative
0.02% -30.52% 57.07% 1.51% 1

Bond Geographic Breakdown

Weighting Category Low Category High FBFFX % Rank Quintile
US
3.43% -4.11% 90.96% 23.88% 5
Non US
1.43% 0.00% 25.33% 17.45% 4

FBFFX - Expenses

Operational Fees

FBFFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.00% 0.00% 70.64% 14.43% 4
Management Fee 0.00% 0.00% 0.92% 2.20% 2
12b-1 Fee 1.00% 0.00% 1.00% 0.08% 5
Administrative Fee N/A 0.00% 0.40% N/A N/A

Sales Fees

FBFFX Fees (% of AUM) Category Low Category High FBFFX Rank Quintile
Front Load N/A 3.00% 5.75% N/A N/A
Deferred Load 5.00% 0.50% 5.00% 0.47% 5

Trading Fees

FBFFX Fees (% of AUM) Category Low Category High FBFFX Rank Quintile
Max Redemption Fee N/A 2.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FBFFX Fees (% of AUM) Category Low Category High FBFFX Rank Quintile
Turnover 21.00% 0.00% 333.00% 6.02% 3

FBFFX - Distributions

Dividend Yield Analysis

FBFFX Category Low Category High FBFFX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.21% 56.96% 5

Dividend Distribution Analysis

FBFFX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FBFFX Category Low Category High FBFFX % Rank Quintile
Net Income Ratio 0.52% -0.93% 10.75% 16.72% 5

Capital Gain Distribution Analysis

FBFFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

FBFFX - Managers

Andrew Dierdorf

Manager

Start Date

Jun 30, 2011

Tenure

4.92

Tenure Rank

1.3%

Andrew Dierdorf is a portfolio manager in the Global Asset Allocation group at Fidelity Investments and is responsible for managing Fidelity’s target date portfolios, including the Pyramis Lifecycle portfolios. He is also a co-manager for the Four in One Index Fund, Global Strategies Fund, and Tactical Strategies Fund. Andrew earned his Bachelor of Science degree in statistics from the University of Delaware, where he also minored in economics. He is a Chartered Financial Analyst charterholder.


Brett F. Sumsion

Manager

Start Date

Jan 21, 2014

Tenure

2.36

Tenure Rank

1.9%

Brett Sumsion is a portfolio manager within the Global Asset Allocation group at Fidelity Investments. Brett co-manages Fidelity Income Replacement Funds, Pyramis Lifecycle Funds, Fidelity ClearPath Retirement Portfolios, ClearPath Lifecycle Solutions and Fidelity Income Replacement Portfolios. Brett earned his Bachelor of Arts degree in economics from Brigham Young University and his MBA in finance from The Wharton School at the University of Pennsylvania.


Tenure Analysis

Category Low

0.0

Category High

13.8

Category Average

4.96

Category Mode

1.6