FCFFX: Fidelity Advisor Freedom® 2040 C

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FCFFX Fidelity Advisor Freedom® 2040 C

  • Fund
  • FCFFX
  • Price as of: Jan 17, 2020
  • $15.14
    + $0.04 + 0.27%

Profile

FCFFX - Profile

Vitals

  • YTD Return 2.4%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $2.39 B
  • Holdings in Top 10 72.9%

52 WEEK LOW AND HIGH

$15.14
$13.13
$15.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.74%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $500

Fund Classification

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

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 6.7%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.62%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

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


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Categories

FCFFX - Mutual Fund Categories


Fund Company Quick Screens

FCFFX - Fund Company Quick Screens


Performance

FCFFX - Performance

Return Ranking - Trailing

Period FCFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% 0.0% 2.8% 21.95%
1 Yr 12.6% -4.0% 27.0% 44.99%
3 Yr 3.5%* -17.6% 12.5% 52.62%
5 Yr 2.0%* -11.3% 9.2% 48.99%
10 Yr 3.1%* -4.0% 10.4% 51.20%

* Annualized

Return Ranking - Calendar

Period FCFFX Return Category Return Low Category Return High Rank in Category (%)
2019 17.1% -1.8% 29.3% 30.79%
2018 -18.1% -30.8% -4.2% 84.66%
2017 14.9% -36.9% 19.9% 32.74%
2016 2.6% -5.2% 8.6% 69.45%
2015 -6.0% -25.3% -0.9% 55.51%

Total Return Ranking - Trailing

Period FCFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% 0.0% 2.8% 21.95%
1 Yr 12.6% -4.0% 27.0% 44.03%
3 Yr 6.7%* -17.6% 12.5% 44.49%
5 Yr 5.8%* -11.3% 9.2% 37.45%
10 Yr 6.9%* -4.0% 10.4% 46.80%

* Annualized

Total Return Ranking - Calendar

Period FCFFX Return Category Return Low Category Return High Rank in Category (%)
2019 17.1% -1.8% 29.3% 30.79%
2018 -14.5% -25.4% -2.1% 77.51%
2017 20.5% -36.9% 26.6% 14.00%
2016 7.3% -3.2% 12.3% 37.55%
2015 -1.7% -25.3% 3.9% 42.70%

NAV & Total Return History


Holdings

FCFFX - Holdings

Concentration Analysis

FCFFX Category Low Category High FCFFX % Rank
Net Assets 2.39 B 33.5 K 34.8 B 11.55%
Number of Holdings 34 1 497 11.41%
Net Assets in Top 10 1.71 B 30.6 K 24.5 B 12.27%
Weighting of Top 10 72.93% 25.2% 105.3% 69.05%

Top 10 Holdings

  1. Fidelity® Series Large Cap Stock 10.46%
  2. Fidelity® Series Emerging Markets Opps 10.12%
  3. Fidelity® Series International Growth 9.64%
  4. Fidelity® Series International Value 9.28%
  5. Fidelity® Series Stk Selec Lg Cp Val 6.82%
  6. Fidelity® Series Value Discovery 6.75%
  7. Fidelity Advisor® Series Equity Gr 6.10%
  8. Fidelity® Series Opportunistic Insights 5.70%
  9. Fidelity Advisor® Series Growth Opps 4.07%
  10. Fidelity® Series Overseas 4.01%

Asset Allocation

Weighting Return Low Return High FCFFX % Rank
Stocks
86.50% 0.00% 94.47% 24.70%
Cash
6.69% -8.67% 187.11% 24.53%
Bonds
6.35% -156.19% 72.14% 88.25%
Other
0.19% -1.70% 52.97% 30.21%
Preferred Stocks
0.18% 0.00% 37.01% 15.11%
Convertible Bonds
0.08% 0.00% 5.72% 72.35%

Stock Sector Breakdown

Weighting Return Low Return High FCFFX % Rank
Financial Services
21.95% 3.80% 22.83% 3.86%
Technology
15.65% 3.36% 21.12% 36.93%
Healthcare
12.18% 1.80% 18.61% 42.16%
Industrials
10.87% 1.57% 13.79% 64.66%
Consumer Cyclical
9.24% 2.04% 13.04% 89.43%
Communication Services
8.63% 0.38% 18.45% 18.30%
Consumer Defense
6.73% 1.11% 17.35% 85.23%
Energy
5.58% 0.98% 5.76% 6.48%
Basic Materials
4.18% 0.62% 6.52% 43.75%
Real Estate
2.90% 0.46% 20.00% 94.72%
Utilities
2.09% 0.00% 5.15% 94.20%

Stock Geographic Breakdown

Weighting Return Low Return High FCFFX % Rank
US
49.19% 0.00% 69.31% 42.19%
Non US
37.31% 0.00% 42.44% 3.58%

Bond Sector Breakdown

Weighting Return Low Return High FCFFX % Rank
Cash & Equivalents
51.03% 0.04% 187.10% 4.49%
Government
35.83% -2.84% 60.01% 42.87%
Corporate
11.81% 0.00% 99.66% 88.02%
Securitized
1.19% 0.00% 34.71% 96.31%
Derivative
0.14% -170.75% 40.01% 38.50%
Municipal
0.00% 0.00% 3.69% 97.50%

Bond Geographic Breakdown

Weighting Return Low Return High FCFFX % Rank
US
5.47% -189.52% 67.73% 89.61%
Non US
0.88% -66.27% 33.33% 83.25%

Expenses

FCFFX - Expenses

Operational Fees

FCFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% 0.00% 150.91% 12.32%
Management Fee 0.75% 0.00% 1.05% 97.45%
12b-1 Fee 1.00% 0.00% 1.00% 96.31%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

FCFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load 1.00% 1.00% 4.00% 62.30%

Trading Fees

FCFFX 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.

FCFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 0.00% 171.00% 33.73%

Distributions

FCFFX - Distributions

Dividend Yield Analysis

FCFFX Category Low Category High FCFFX % Rank
Dividend Yield 0.00% 0.00% 4.88% 66.54%

Dividend Distribution Analysis

FCFFX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

FCFFX Category Low Category High FCFFX % Rank
Net Income Ratio 0.62% -0.74% 13.14% 95.44%

Capital Gain Distribution Analysis

FCFFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FCFFX - Fund Manager Analysis

Managers

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 30, 2011

8.51

8.5%

Andrew Dierdorf is a portfolio manager in the Global Asset Allocation group at Fidelity Investments. In this role Mr. Dierdorf is responsible for co-managing multiple target date portfolios, including Fidelity ClearPath Portfolios, Fidelity Freedom Funds, and FIAM Target Date Strategies. Mr. Dierdorf joined Fidelity in 2004 and has been in the industry since 1993. Mr. Dierdorf earned his bachelor of science degree from the University of Delaware. He is a CFA charterholder, a Fellow of the Society of Actuaries, Chartered Market Technician, and Member of the American Academy of Actuaries.

Brett Sumsion


Start Date

Tenure

Tenure Rank

Jan 21, 2014

5.95

6.0%

Brett Sumsion is a portfolio manager in the Global Asset Allocation (GAA) group at Fidelity Investments. In this role, he is responsible for co-managing multiple target date portfolios, including Fidelity ClearPath Portfolios, Fidelity Income Replacement Funds, Fidelity Freedom Funds, and FIAM Target Date Strategies. Mr. Sumsion joined Fidelity in 2014 and has been in the investments industry since 2001. 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
0.04 15.17 4.62 1.33