FFFFX: Fidelity Freedom® 2040 Fund - MutualFunds.com
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Fidelity Freedom® 2040

FFFFX - Snapshot

Vitals

  • YTD Return 4.2%
  • 3 Yr Annualized Return 11.3%
  • 5 Yr Annualized Return 14.7%
  • Net Assets $28.5 B
  • Holdings in Top 10 72.7%

52 WEEK LOW AND HIGH

$12.08
$7.48
$12.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification

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

Compare FFFFX to Popular Target-Date 2040 Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Institutional Target Retirement 2040 Fund

Fund

$29.94

+1.11%

$35.68 B

1.65%

$0.49

2.01%

-

Vanguard Target Retirement 2040 Fund

Fund

$45.16

+1.14%

$35.57 B

1.61%

$0.72

2.01%

-

Fidelity Freedom® 2040 Fund

Fund

$12.24

+1.33%

$28.47 B

1.03%

$0.12

4.17%

0.75%

American Funds 2040 Target Date Retirement Fund®

Fund

$18.92

+1.23%

$25.15 B

0.78%

$0.14

1.88%

0.34%

T. Rowe Price Retirement 2040 Fund

Fund

$31.58

+1.38%

$15.84 B

0.80%

$0.25

3.78%

0.09%

FFFFX - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 11.3%
  • 5 Yr Annualized Total Return 14.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.52%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Fidelity Freedom® 2040 Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Sep 06, 2000
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • 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, bond funds, and short-term funds. It allocates its assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Freedom ® Income Fund, approximately 10 to 19 years after the year 2040.

FFFFX - Performance

Return Ranking - Trailing

Period FFFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% 0.3% 4.6% 1.37%
1 Yr 32.8% 15.0% 33.3% 3.18%
3 Yr 11.3%* 6.2% 11.9% 14.36%
5 Yr 14.7%* 9.8% 14.9% 2.84%
10 Yr 9.5%* 6.9% 10.9% 29.75%

* Annualized

Return Ranking - Calendar

Period FFFFX Return Category Return Low Category Return High Rank in Category (%)
2020 11.0% 1.3% 14.9% 46.38%
2019 17.0% 4.1% 22.6% 54.73%
2018 -15.4% -23.1% -6.9% 56.18%
2017 16.9% -15.1% 18.8% 27.71%
2016 4.1% -0.2% 8.2% 51.39%

Total Return Ranking - Trailing

Period FFFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% 0.3% 4.6% 1.37%
1 Yr 32.8% 11.3% 33.3% 3.23%
3 Yr 11.3%* 4.2% 11.9% 13.50%
5 Yr 14.7%* 8.5% 14.9% 2.87%
10 Yr 9.5%* 6.9% 10.9% 30.25%

* Annualized

Total Return Ranking - Calendar

Period FFFFX Return Category Return Low Category Return High Rank in Category (%)
2020 11.0% 1.3% 14.9% 46.38%
2019 17.0% 4.1% 22.6% 54.73%
2018 -13.1% -23.1% -5.5% 57.87%
2017 22.3% -15.1% 26.3% 1.20%
2016 8.6% -0.1% 10.6% 16.67%

NAV & Total Return History

FFFFX - Holdings

Concentration Analysis

FFFFX Category Low Category High FFFFX % Rank
Net Assets 28.5 B 155 K 35.7 B 1.79%
Number of Holdings 37 1 532 4.48%
Net Assets in Top 10 20 B 122 K 35.6 B 1.79%
Weighting of Top 10 72.74% 38.5% 100.0% 78.61%

Top 10 Holdings

  1. Fidelity® Series Emerging Markets Opps 14.88%
  2. Fidelity® Series Intrinsic Opps 8.28%
  3. Fidelity® Series Growth Company 7.92%
  4. Fidelity® Series Large Cap Stock 6.98%
  5. Fidelity® Series International Growth 6.86%
  6. Fidelity® Series International Value 6.82%
  7. Fidelity® Series Overseas 6.58%
  8. Fidelity® Series Stk Selec Lg Cp Val 5.91%
  9. Fidelity® Series Value Discovery 4.55%
  10. Fidelity® Series Opportunistic Insights 3.96%

Asset Allocation

Weighting Return Low Return High FFFFX % Rank
Stocks 		88.20% 63.58% 90.13% 17.49%
Bonds 		5.91% 2.20% 83.47% 99.10%
Cash 		5.13% -61.88% 9.18% 12.56%
Other 		0.56% -0.25% 14.57% 30.04%
Preferred Stocks 		0.13% 0.00% 0.79% 34.98%
Convertible Bonds 		0.06% 0.00% 0.90% 90.58%

Stock Sector Breakdown

Weighting Return Low Return High FFFFX % Rank
Technology 		18.76% 15.44% 22.09% 71.30%
Financial Services 		17.25% 11.46% 17.43% 4.93%
Consumer Cyclical 		13.08% 9.44% 14.19% 13.00%
Healthcare 		12.78% 10.09% 17.02% 36.77%
Industrials 		10.77% 9.05% 14.81% 50.67%
Communication Services 		8.54% 6.82% 11.10% 58.30%
Consumer Defense 		5.78% 4.97% 12.03% 85.20%
Basic Materials 		5.11% 2.53% 5.51% 11.21%
Energy 		3.61% 1.65% 3.61% 0.90%
Utilities 		2.44% 0.61% 4.46% 81.61%
Real Estate 		1.87% 1.81% 9.05% 99.10%

Stock Geographic Breakdown

Weighting Return Low Return High FFFFX % Rank
Non US 		44.76% 11.75% 44.76% 0.90%
US 		43.44% 32.80% 65.08% 91.48%

Bond Sector Breakdown

Weighting Return Low Return High FFFFX % Rank
Cash & Equivalents 		48.22% 0.36% 48.22% 0.90%
Government 		39.98% 11.76% 62.08% 26.01%
Corporate 		10.10% 0.10% 56.76% 97.31%
Securitized 		1.21% 0.00% 31.10% 98.21%
Derivative 		0.49% 0.00% 27.44% 39.01%
Municipal 		0.01% 0.00% 16.40% 73.54%

Bond Geographic Breakdown

Weighting Return Low Return High FFFFX % Rank
US 		5.06% 0.75% 44.89% 99.10%
Non US 		0.85% -12.37% 38.58% 81.61%

FFFFX - Expenses

Operational Fees

FFFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.01% 12.08% 35.32%
Management Fee 0.75% 0.00% 0.88% 96.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% 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 28.00% 2.00% 101.00% 39.53%

FFFFX - Distributions

Dividend Yield Analysis

FFFFX Category Low Category High FFFFX % Rank
Dividend Yield 0.00% 0.00% 0.15% 49.78%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FFFFX Category Low Category High FFFFX % Rank
Net Income Ratio 1.52% 0.18% 6.53% 67.94%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FFFFX - Fund Manager Analysis

Managers

Andrew Dierdorf

Start Date

Tenure

Tenure Rank

Jun 30, 2011

9.67

9.7%

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

7.11

7.1%

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
0.07 16.34 5.06 1.16

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