Fidelity Advisor Freedom® 2040 A
- FAFFX
- Price as of: Jan 14, 2021
-
$17.16
N/A N/A
- Primary Theme
- Target-Date 2040
- Fund Company
- Fidelity Investments
- Share Class
FAFFX - Snapshot
Vitals
- YTD Return 3.4%
- 3 Yr Annualized Return 10.6%
- 5 Yr Annualized Return 12.2%
- Net Assets $2.56 B
- Holdings in Top 10 73.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.00%
SALES FEES
- Front Load 5.75%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 31.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA $500
Fund Classification
-
Primary Theme
Target-Date 2040
- Fund Type Open End Mutual Fund
- Investment Style Target-Date 2040
FAFFX - Profile
Distributions
- YTD Total Return 3.4%
- 3 Yr Annualized Total Return 8.5%
- 5 Yr Annualized Total Return 10.9%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 1.17%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameFidelity Advisor Freedom® 2040 Fund
-
Fund Family NameFidelity Investments
-
Inception DateJul 24, 2003
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAndrew Dierdorf
Fund Description
The fund invests primarily in a combination of Fidelity® domestic equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity ® funds). It allocates assets according to a neutral asset allocation strategy that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund.
FAFFX - Performance
Return Ranking - Trailing
Period | FAFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | 1.4% | 3.7% | 5.26% |
1 Yr | 17.1% | 8.2% | 20.0% | 21.24% |
3 Yr | 10.6%* | 5.3% | 11.8% | 14.71% |
5 Yr | 12.2%* | 8.0% | 13.0% | 15.93% |
10 Yr | 9.2%* | 6.0% | 11.1% | 44.00% |
* Annualized
Return Ranking - Calendar
Period | FAFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 9.5% | 1.3% | 14.9% | 65.28% |
2019 | 17.6% | 4.1% | 22.6% | 43.33% |
2018 | -17.8% | -23.1% | -6.9% | 77.54% |
2017 | 15.2% | -15.1% | 18.8% | 50.86% |
2016 | 2.9% | -0.2% | 8.2% | 70.59% |
Total Return Ranking - Trailing
Period | FAFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | 1.4% | 3.7% | 5.26% |
1 Yr | 10.4% | 3.6% | 20.0% | 85.65% |
3 Yr | 8.5%* | 3.6% | 11.8% | 71.78% |
5 Yr | 10.9%* | 6.9% | 13.0% | 51.67% |
10 Yr | 8.6%* | 6.0% | 11.1% | 69.11% |
* Annualized
Total Return Ranking - Calendar
Period | FAFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 9.5% | 1.3% | 14.9% | 65.28% |
2019 | 17.6% | 4.1% | 22.6% | 43.33% |
2018 | -14.2% | -23.1% | -5.5% | 66.84% |
2017 | 21.3% | -15.1% | 26.3% | 6.86% |
2016 | 8.1% | -0.1% | 10.6% | 22.22% |
NAV & Total Return History
FAFFX - Holdings
Concentration Analysis
FAFFX | Category Low | Category High | FAFFX % Rank | |
---|---|---|---|---|
Net Assets | 2.56 B | 150 K | 35.8 B | 25.43% |
Number of Holdings | 35 | 1 | 529 | 7.42% |
Net Assets in Top 10 | 1.82 B | 117 K | 34.3 B | 25.76% |
Weighting of Top 10 | 73.82% | 38.0% | 100.0% | 74.30% |
Top 10 Holdings
- Fidelity® Series Emerging Markets Opps 14.07%
- Fidelity® Series Large Cap Stock 10.25%
- Fidelity® Series International Value 7.23%
- Fidelity® Series Overseas 6.79%
- Fidelity® Series International Growth 6.63%
- Fidelity® Series Value Discovery 6.52%
- Fidelity® Series Stk Selec Lg Cp Val 6.43%
- Fidelity Advisor® Series Equity Gr 6.06%
- Fidelity® Series Opportunistic Insights 5.52%
- Fidelity Advisor® Series Growth Opps 4.30%
Asset Allocation
Weighting | Return Low | Return High | FAFFX % Rank | |
---|---|---|---|---|
Stocks | 89.16% | 40.01% | 90.28% | 10.48% |
Bonds | 5.51% | 1.95% | 94.30% | 98.25% |
Cash | 4.71% | -74.97% | 17.39% | 25.76% |
Other | 0.36% | -0.54% | 39.56% | 34.06% |
Preferred Stocks | 0.17% | 0.00% | 0.93% | 25.76% |
Convertible Bonds | 0.08% | 0.00% | 0.96% | 86.03% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FAFFX % Rank | |
---|---|---|---|---|
Technology | 19.25% | 12.42% | 21.81% | 41.92% |
Financial Services | 16.45% | 10.73% | 17.16% | 4.37% |
Healthcare | 13.04% | 10.06% | 18.09% | 52.84% |
Consumer Cyclical | 11.40% | 9.42% | 13.45% | 76.86% |
Industrials | 11.13% | 8.75% | 14.46% | 38.43% |
Communication Services | 9.99% | 6.03% | 11.05% | 10.04% |
Consumer Defense | 6.13% | 5.13% | 12.32% | 89.96% |
Basic Materials | 4.92% | 2.43% | 7.10% | 15.72% |
Energy | 3.19% | 1.64% | 4.02% | 21.40% |
Utilities | 2.47% | 0.79% | 4.53% | 90.39% |
Real Estate | 2.03% | 1.86% | 9.74% | 98.25% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FAFFX % Rank | |
---|---|---|---|---|
US | 46.03% | 9.38% | 65.08% | 81.66% |
Non US | 43.13% | 11.77% | 44.85% | 3.93% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FAFFX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 45.29% | 1.00% | 49.67% | 6.11% |
Government | 40.53% | 8.94% | 61.68% | 23.58% |
Corporate | 12.44% | 0.10% | 59.02% | 87.77% |
Securitized | 1.22% | 0.00% | 33.79% | 94.32% |
Derivative | 0.51% | 0.00% | 23.27% | 30.57% |
Municipal | 0.01% | 0.00% | 13.58% | 79.91% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FAFFX % Rank | |
---|---|---|---|---|
US | 4.78% | 0.38% | 65.63% | 98.25% |
Non US | 0.73% | -13.66% | 65.92% | 88.21% |
FAFFX - Expenses
Operational Fees
FAFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.00% | 0.01% | 12.08% | 27.14% |
Management Fee | 0.75% | 0.00% | 0.88% | 97.82% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 62.79% |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
FAFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 3.50% | 5.75% | 44.00% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
FAFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
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.
FAFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 31.00% | 2.00% | 101.00% | 51.34% |
FAFFX - Distributions
Dividend Yield Analysis
FAFFX | Category Low | Category High | FAFFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.15% | 97.84% |
Dividend Distribution Analysis
FAFFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
FAFFX | Category Low | Category High | FAFFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.17% | -0.27% | 6.94% | 86.24% |
Capital Gain Distribution Analysis
FAFFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
May 07, 2012 | $0.013 |
Dec 30, 2011 | $0.149 |
May 09, 2011 | $0.009 |
Dec 31, 2010 | $0.137 |
May 10, 2010 | $0.011 |
Dec 29, 2009 | $0.134 |
May 18, 2009 | $0.018 |
Dec 29, 2008 | $0.179 |
May 12, 2008 | $0.018 |
Dec 31, 2007 | $0.183 |
May 07, 2007 | $0.015 |
Dec 29, 2006 | $0.170 |
May 15, 2006 | $0.011 |
Dec 30, 2005 | $0.122 |
Dec 30, 2004 | $0.150 |
May 17, 2004 | $0.008 |
Dec 29, 2003 | $0.095 |
FAFFX - Fund Manager Analysis
Managers
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Jun 30, 2011
9.51
9.5%
Andrew Dierdorf is co-manager of each fund, which he has managed since October 2009 (other than Fidelity Freedom® Index 2055 Fund, Fidelity Freedom® Index 2060 Fund, and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2055 Fund since June 2011, Fidelity Freedom® Index 2060 Fund since August 2014, and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Dierdorf has worked as a portfolio manager.
Brett Sumsion
Start Date
Tenure
Tenure Rank
Jan 21, 2014
6.95
7.0%
Brett Sumsion is co-manager of each fund, which he has managed since January 2014 (other than Fidelity Freedom® Index 2060 Fund and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2060 Fund since August 2014 and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2014, Mr. Sumsion has worked as a portfolio manager. Mr. Sumsion earned his bachelor of arts degree from Brigham Young University and his MBA from The Wharton School at the University of Pennsylvania. He is a CFA charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 16.18 | 5.43 | 1.0 |