FCFFX: Fidelity Advisor Freedom® 2040 C

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FCFFX Fidelity Advisor Freedom® 2040 C


Profile

FCFFX - Profile

Vitals

  • YTD Return -4.5%
  • 3 Yr Annualized Return -2.4%
  • 5 Yr Annualized Return 1.8%
  • Net Assets $2.36 B
  • Holdings in Top 10 74.5%

52 WEEK LOW AND HIGH

$14.12
$10.40
$15.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.75%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return -4.5%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.42%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-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
    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

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 -4.5% -42.4% 39.2% 76.57%
1 Yr 1.9% -47.6% 49.9% 53.98%
3 Yr -2.4%* -37.6% 17.4% 68.09%
5 Yr 1.8%* -18.9% 16.6% 63.64%
10 Yr 2.3%* -9.5% 13.2% 65.96%

* Annualized

Return Ranking - Calendar

Period FCFFX Return Category Return Low Category Return High Rank in Category (%)
2019 17.1% -46.3% 66.4% 63.06%
2018 -18.1% -64.5% 1.8% 73.85%
2017 14.9% -38.9% 80.9% 56.53%
2016 2.6% -26.1% 36.8% 69.80%
2015 -6.0% -42.3% 13.2% 52.52%

Total Return Ranking - Trailing

Period FCFFX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.5% -42.4% 39.2% 76.57%
1 Yr 1.9% -47.6% 49.9% 53.98%
3 Yr 0.1%* -37.0% 20.0% 69.55%
5 Yr 5.1%* -17.0% 17.3% 61.24%
10 Yr 6.0%* -5.8% 15.4% 59.19%

* Annualized

Total Return Ranking - Calendar

Period FCFFX Return Category Return Low Category Return High Rank in Category (%)
2019 17.1% -46.3% 66.4% 63.06%
2018 -14.5% -64.5% 4.0% 71.00%
2017 20.5% -9.3% 80.9% 37.87%
2016 7.3% -23.9% 39.4% 43.00%
2015 -1.7% -34.5% 13.2% 41.43%

NAV & Total Return History


Holdings

FCFFX - Holdings

Concentration Analysis

FCFFX Category Low Category High FCFFX % Rank
Net Assets 2.36 B 12 K 55 B 19.24%
Number of Holdings 32 2 8660 31.71%
Net Assets in Top 10 1.68 B 77.7 K 33 B 19.31%
Weighting of Top 10 74.47% 10.7% 109.6% 55.49%

Top 10 Holdings

  1. Fidelity® Series Emerging Markets Opps 13.96%
  2. Fidelity® Series Large Cap Stock 9.48%
  3. Fidelity® Series Overseas 7.15%
  4. Fidelity® Series International Growth 7.14%
  5. Fidelity® Series International Value 6.92%
  6. Fidelity Advisor® Series Equity Gr 6.42%
  7. Fidelity® Series Value Discovery 6.37%
  8. Fidelity® Series Opportunistic Insights 6.28%
  9. Fidelity® Series Stk Selec Lg Cp Val 6.27%
  10. Fidelity Advisor® Series Growth Opps 4.49%

Asset Allocation

Weighting Return Low Return High FCFFX % Rank
Stocks
88.45% 62.95% 259.02% 59.28%
Bonds
5.99% -235.37% 28.44% 45.64%
Cash
5.11% -93.75% 187.11% 27.91%
Other
0.22% -2.38% 75.09% 27.35%
Preferred Stocks
0.17% 0.00% 13.36% 23.74%
Convertible Bonds
0.06% 0.00% 6.64% 39.50%

Stock Sector Breakdown

Weighting Return Low Return High FCFFX % Rank
Technology
19.50% 0.00% 51.17% 28.68%
Financial Services
17.61% 0.00% 47.35% 7.29%
Healthcare
13.99% 0.00% 53.30% 42.89%
Industrials
10.34% 0.00% 47.47% 45.32%
Consumer Cyclical
9.99% 0.00% 32.90% 69.08%
Communication Services
9.62% 0.00% 37.99% 26.68%
Consumer Defense
6.23% 0.00% 30.49% 75.69%
Basic Materials
4.83% 0.00% 34.56% 17.33%
Energy
3.91% 0.00% 85.32% 23.19%
Real Estate
2.28% 0.00% 43.77% 86.10%
Utilities
1.70% 0.00% 80.71% 86.22%

Stock Geographic Breakdown

Weighting Return Low Return High FCFFX % Rank
US
45.99% -0.92% 78.23% 83.61%
Non US
42.46% 5.26% 193.33% 24.42%

Bond Sector Breakdown

Weighting Return Low Return High FCFFX % Rank
Cash & Equivalents
45.72% -0.83% 187.10% 45.44%
Government
40.46% -2.84% 85.11% 11.67%
Corporate
12.48% 0.00% 99.82% 57.18%
Securitized
1.21% 0.00% 40.76% 62.98%
Derivative
0.12% -170.75% 74.30% 26.78%
Municipal
0.00% 0.00% 5.04% 87.77%

Bond Geographic Breakdown

Weighting Return Low Return High FCFFX % Rank
US
5.18% -189.52% 31.35% 47.10%
Non US
0.81% -10.76% 33.33% 42.55%

Expenses

FCFFX - Expenses

Operational Fees

FCFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.75% 0.01% 45.88% 19.09%
Management Fee 0.75% 0.00% 1.60% 81.22%
12b-1 Fee 1.00% 0.00% 1.00% 96.69%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

FCFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 78.38%

Trading Fees

FCFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.20% 2.00% 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 31.00% 0.00% 614.00% 53.11%

Distributions

FCFFX - Distributions

Dividend Yield Analysis

FCFFX Category Low Category High FCFFX % Rank
Dividend Yield 0.00% 0.00% 11.17% 76.00%

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 0.42% -7.55% 13.14% 88.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FCFFX - Fund Manager Analysis

Managers

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 30, 2011

9.18

9.2%

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

6.61

6.6%

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
0.01 38.02 5.22 0.67