Fidelity Freedom 2040 Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.6%
1 yr return
24.1%
3 Yr Avg Return
5.1%
5 Yr Avg Return
10.5%
Net Assets
$27.6 B
Holdings in Top 10
71.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.74%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 29.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FFFFX - Profile
Distributions
- YTD Total Return 7.6%
- 3 Yr Annualized Total Return 5.1%
- 5 Yr Annualized Total Return 10.5%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 2.09%
- Dividend Yield 2.5%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameFidelity Freedom 2040 Fund
-
Fund Family NameFidelity Investments
-
Inception DateDec 20, 2000
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Dierdorf
Fund Description
FFFFX - Performance
Return Ranking - Trailing
Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.6% | 3.7% | 11.9% | 21.35% |
1 Yr | 24.1% | 13.5% | 26.8% | 12.50% |
3 Yr | 5.1%* | -0.6% | 6.9% | 23.12% |
5 Yr | 10.5%* | 6.0% | 10.8% | 4.27% |
10 Yr | 8.8%* | 5.0% | 9.2% | 7.37% |
* Annualized
Return Ranking - Calendar
Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.0% | 9.0% | 18.3% | 2.09% |
2022 | -27.0% | -60.3% | -15.8% | 86.91% |
2021 | 3.7% | -6.3% | 17.5% | 71.43% |
2020 | 11.0% | 3.3% | 14.9% | 48.82% |
2019 | 17.0% | 6.0% | 22.6% | 60.74% |
Total Return Ranking - Trailing
Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.6% | 3.7% | 11.9% | 21.35% |
1 Yr | 24.1% | 13.5% | 26.8% | 12.50% |
3 Yr | 5.1%* | -0.6% | 6.9% | 23.12% |
5 Yr | 10.5%* | 6.0% | 10.8% | 4.27% |
10 Yr | 8.8%* | 5.0% | 9.2% | 7.37% |
* Annualized
Total Return Ranking - Calendar
Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.1% | 11.9% | 37.9% | 20.94% |
2022 | -18.3% | -29.4% | -2.8% | 73.30% |
2021 | 16.5% | 8.3% | 22.1% | 35.16% |
2020 | 18.2% | 8.2% | 22.1% | 18.24% |
2019 | 25.4% | 19.6% | 40.1% | 36.81% |
NAV & Total Return History
FFFFX - Holdings
Concentration Analysis
FFFFX | Category Low | Category High | FFFFX % Rank | |
---|---|---|---|---|
Net Assets | 27.6 B | 2.51 M | 72.2 B | 7.81% |
Number of Holdings | 48 | 3 | 589 | 1.04% |
Net Assets in Top 10 | 19.7 B | 2.64 M | 79.5 B | 7.81% |
Weighting of Top 10 | 71.15% | 42.6% | 100.8% | 73.80% |
Top 10 Holdings
- Fidelity Series Emerging Markets Opportunities Fund 10.49%
- FIDELITY SERIES GROWTH COMPANY FUND 8.63%
- Fidelity Series Large Cap Stock Fund 8.08%
- Fidelity Series International Growth Fund 7.53%
- Fidelity Series Overseas Fund 7.48%
- Fidelity Series International Value Fund 7.40%
- Fidelity Series Long-Term Treasury Bond Index Fund 5.79%
- Fidelity Series Stock Selector Large Cap Value Fund 5.67%
- Fidelity Series Opportunistic Insights Fund 5.08%
- Fidelity Series Value Discovery Fund 5.01%
Asset Allocation
Weighting | Return Low | Return High | FFFFX % Rank | |
---|---|---|---|---|
Stocks | 99.60% | 0.00% | 100.08% | 46.35% |
Cash | 0.24% | 0.00% | 12.43% | 50.52% |
Bonds | 0.17% | 0.00% | 32.32% | 22.40% |
Other | 0.11% | 0.00% | 3.98% | 13.02% |
Convertible Bonds | 0.07% | 0.00% | 0.98% | 80.21% |
Preferred Stocks | 0.00% | 0.00% | 0.12% | 9.38% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FFFFX % Rank | |
---|---|---|---|---|
Financial Services | 18.83% | 13.11% | 18.83% | 1.04% |
Technology | 17.55% | 13.94% | 24.03% | 84.38% |
Industrials | 12.06% | 9.02% | 12.29% | 6.77% |
Healthcare | 11.60% | 10.75% | 14.53% | 85.94% |
Consumer Cyclical | 11.31% | 8.05% | 13.32% | 44.27% |
Communication Services | 6.85% | 5.69% | 10.24% | 67.71% |
Basic Materials | 6.49% | 3.14% | 6.86% | 3.65% |
Energy | 5.97% | 2.33% | 6.31% | 3.65% |
Consumer Defense | 5.42% | 4.68% | 11.06% | 89.58% |
Utilities | 2.01% | 1.90% | 8.13% | 98.44% |
Real Estate | 1.90% | 1.87% | 10.11% | 98.44% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FFFFX % Rank | |
---|---|---|---|---|
US | 99.60% | 0.00% | 100.08% | 46.35% |
Non US | 0.00% | 0.00% | 33.48% | 19.79% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FFFFX % Rank | |
---|---|---|---|---|
Government | 47.31% | 13.41% | 62.05% | 25.52% |
Corporate | 11.66% | 4.05% | 50.07% | 87.50% |
Securitized | 3.40% | 0.00% | 36.42% | 93.75% |
Cash & Equivalents | 0.24% | 0.00% | 49.63% | 44.79% |
Derivative | 0.11% | 0.00% | 15.10% | 6.77% |
Municipal | 0.08% | 0.00% | 4.64% | 65.10% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FFFFX % Rank | |
---|---|---|---|---|
US | 0.17% | 0.00% | 29.10% | 22.40% |
Non US | 0.00% | 0.00% | 7.44% | 14.06% |
FFFFX - Expenses
Operational Fees
FFFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.74% | 0.06% | 8.36% | 52.88% |
Management Fee | 0.74% | 0.00% | 0.87% | 96.30% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.29% | N/A |
Sales Fees
FFFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
FFFFX 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.
FFFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 29.00% | 2.00% | 112.00% | 70.69% |
FFFFX - Distributions
Dividend Yield Analysis
FFFFX | Category Low | Category High | FFFFX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.46% | 0.00% | 8.98% | 82.29% |
Dividend Distribution Analysis
FFFFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Semi-Annually | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
FFFFX | Category Low | Category High | FFFFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.09% | -0.21% | 4.18% | 11.76% |
Capital Gain Distribution Analysis
FFFFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.145 | OrdinaryDividend |
Dec 30, 2022 | $0.340 | OrdinaryDividend |
May 09, 2022 | $0.756 | OrdinaryDividend |
May 15, 2017 | $0.005 | OrdinaryDividend |
May 07, 2012 | $0.014 | OrdinaryDividend |
Dec 30, 2011 | $0.117 | OrdinaryDividend |
May 09, 2011 | $0.015 | OrdinaryDividend |
Dec 31, 2010 | $0.104 | OrdinaryDividend |
May 10, 2010 | $0.015 | OrdinaryDividend |
Dec 29, 2009 | $0.115 | OrdinaryDividend |
May 18, 2009 | $0.010 | OrdinaryDividend |
Dec 29, 2008 | $0.130 | OrdinaryDividend |
May 12, 2008 | $0.020 | OrdinaryDividend |
Dec 31, 2007 | $0.130 | OrdinaryDividend |
May 07, 2007 | $0.020 | OrdinaryDividend |
Dec 29, 2006 | $0.110 | OrdinaryDividend |
May 15, 2006 | $0.020 | OrdinaryDividend |
Dec 30, 2005 | $0.090 | OrdinaryDividend |
May 16, 2005 | $0.005 | OrdinaryDividend |
Dec 30, 2004 | $0.100 | OrdinaryDividend |
May 17, 2004 | $0.025 | OrdinaryDividend |
Dec 29, 2003 | $0.070 | OrdinaryDividend |
May 05, 2003 | $0.020 | OrdinaryDividend |
Dec 30, 2002 | $0.060 | OrdinaryDividend |
May 06, 2002 | $0.010 | OrdinaryDividend |
Dec 31, 2001 | $0.060 | OrdinaryDividend |
May 07, 2001 | $0.010 | OrdinaryDividend |
Jan 02, 2001 | $0.060 | OrdinaryDividend |
FFFFX - Fund Manager Analysis
Managers
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Jun 30, 2011
10.93
10.9%
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
8.36
8.4%
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 | 17.59 | 5.82 | 2.41 |