Fidelity Freedom® 2040
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-6.1%
1 yr return
16.5%
3 Yr Avg Return
19.9%
5 Yr Avg Return
13.9%
Net Assets
$29.8 B
Holdings in Top 10
72.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Target-Date 2040
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
FFFFX - Profile
Distributions
- YTD Total Return -6.1%
- 3 Yr Annualized Total Return 19.9%
- 5 Yr Annualized Total Return 13.9%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.95%
- Dividend Yield 4.8%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameFidelity Freedom® 2040 Fund
-
Fund Family NameFidelity Investments
-
Inception DateSep 06, 2000
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAndrew Dierdorf
Fund Description
The fund invests in a combination of Fidelity ® U.S. equity funds, international equity funds, bond funds, and short-term funds. The adviser 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 | -6.1% | -7.9% | -2.8% | 20.09% |
| 1 Yr | 16.5% | 8.9% | 19.9% | 23.18% |
| 3 Yr | 19.9%* | 13.2% | 20.3% | 7.18% |
| 5 Yr | 13.9%* | 9.3% | 14.7% | 9.29% |
| 10 Yr | 11.8%* | 9.0% | 13.1% | 27.27% |
* Annualized
Return Ranking - Calendar
| Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 3.7% | -6.3% | 17.5% | 69.95% |
| 2020 | 11.0% | 3.3% | 14.9% | 47.26% |
| 2019 | 17.0% | 4.1% | 22.6% | 55.84% |
| 2018 | -15.4% | -23.1% | -6.9% | 57.47% |
| 2017 | 16.9% | -15.1% | 18.8% | 28.40% |
Total Return Ranking - Trailing
| Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -6.1% | -7.9% | -2.8% | 20.09% |
| 1 Yr | 16.5% | 4.8% | 19.9% | 20.74% |
| 3 Yr | 19.9%* | 11.0% | 20.3% | 7.28% |
| 5 Yr | 13.9%* | 8.1% | 14.7% | 8.84% |
| 10 Yr | 11.8%* | 9.0% | 13.1% | 26.92% |
* Annualized
Total Return Ranking - Calendar
| Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 3.7% | -6.3% | 17.5% | 69.95% |
| 2020 | 11.0% | 3.3% | 14.9% | 47.26% |
| 2019 | 17.0% | 4.1% | 22.6% | 55.84% |
| 2018 | -13.1% | -23.1% | -5.5% | 58.62% |
| 2017 | 22.3% | -15.1% | 26.3% | 1.23% |
NAV & Total Return History
FFFFX - Holdings
Concentration Analysis
| FFFFX | Category Low | Category High | FFFFX % Rank | |
|---|---|---|---|---|
| Net Assets | 29.8 B | 101 K | 51.2 B | 6.58% |
| Number of Holdings | 42 | 4 | 547 | 0.88% |
| Net Assets in Top 10 | 20.9 B | 267 K | 50.7 B | 7.05% |
| Weighting of Top 10 | 72.19% | 38.6% | 100.0% | 79.25% |
Top 10 Holdings
- Fidelity® Series Emerging Markets Opps 12.66%
- Fidelity® Series Growth Company 8.31%
- Fidelity® Series Intrinsic Opps 7.97%
- Fidelity® Series International Growth 7.26%
- Fidelity® Series Overseas 7.26%
- Fidelity® Series International Value 7.15%
- Fidelity® Series Large Cap Stock 6.95%
- Fidelity® Series Stk Selec Lg Cp Val 5.88%
- Fidelity® Series Value Discovery 4.53%
- Fidelity® Series Opportunistic Insights 4.21%
Asset Allocation
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| Stocks | 88.00% | 4.23% | 89.53% | 10.13% |
| Bonds | 6.93% | -33.18% | 66.81% | 96.48% |
| Cash | 4.26% | -1.42% | 58.50% | 28.63% |
| Other | 0.63% | -0.54% | 13.35% | 25.55% |
| Preferred Stocks | 0.14% | 0.00% | 0.37% | 22.03% |
| Convertible Bonds | 0.05% | 0.00% | 0.81% | 83.70% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| Technology | 18.55% | 0.02% | 25.53% | 84.14% |
| Financial Services | 18.33% | 0.00% | 18.47% | 3.08% |
| Consumer Cyclical | 12.06% | 0.00% | 13.48% | 54.19% |
| Healthcare | 12.01% | 0.00% | 14.47% | 60.35% |
| Industrials | 11.91% | 0.00% | 12.42% | 13.22% |
| Communication Services | 8.12% | 0.81% | 11.48% | 53.74% |
| Basic Materials | 5.35% | 0.00% | 5.43% | 3.08% |
| Energy | 4.97% | 0.00% | 4.97% | 0.44% |
| Consumer Defense | 4.90% | 0.00% | 10.24% | 90.75% |
| Real Estate | 1.93% | 1.76% | 99.17% | 98.68% |
| Utilities | 1.87% | 0.00% | 6.81% | 96.04% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| US | 44.35% | 4.23% | 66.74% | 91.63% |
| Non US | 43.65% | 0.00% | 43.65% | 0.44% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| Government | 50.04% | 11.59% | 60.97% | 11.89% |
| Cash & Equivalents | 39.28% | 2.44% | 54.87% | 5.29% |
| Corporate | 9.31% | 2.38% | 57.67% | 96.92% |
| Securitized | 0.81% | 0.00% | 30.24% | 98.68% |
| Derivative | 0.56% | 0.00% | 20.21% | 42.29% |
| Municipal | 0.00% | 0.00% | 25.02% | 87.22% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| US | 6.12% | -34.30% | 46.84% | 92.95% |
| Non US | 0.81% | 0.10% | 19.97% | 93.39% |
FFFFX - Expenses
Operational Fees
| FFFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.75% | 0.06% | 1.84% | 37.00% |
| Management Fee | 0.75% | 0.00% | 0.86% | 96.44% |
| 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 | 2.00% | 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.
| FFFFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 22.00% | 2.00% | 112.00% | 41.90% |
FFFFX - Distributions
Dividend Yield Analysis
| FFFFX | Category Low | Category High | FFFFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.84% | 0.00% | 0.00% | 3.95% |
Dividend Distribution Analysis
| FFFFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| FFFFX | Category Low | Category High | FFFFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.95% | -0.21% | 5.03% | 67.27% |
Capital Gain Distribution Analysis
| FFFFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| May 15, 2017 | $0.005 |
| May 07, 2012 | $0.014 |
| Dec 30, 2011 | $0.117 |
| May 09, 2011 | $0.015 |
| Dec 31, 2010 | $0.104 |
| May 10, 2010 | $0.015 |
| Dec 29, 2009 | $0.115 |
| May 18, 2009 | $0.010 |
| Dec 29, 2008 | $0.130 |
| May 12, 2008 | $0.020 |
| Dec 31, 2007 | $0.130 |
| May 07, 2007 | $0.020 |
| Dec 29, 2006 | $0.110 |
| May 15, 2006 | $0.020 |
| Dec 30, 2005 | $0.090 |
| May 16, 2005 | $0.005 |
| Dec 30, 2004 | $0.100 |
| May 17, 2004 | $0.025 |
| Dec 29, 2003 | $0.070 |
| May 05, 2003 | $0.020 |
| Dec 30, 2002 | $0.060 |
| May 06, 2002 | $0.010 |
| Dec 31, 2001 | $0.060 |
| May 07, 2001 | $0.010 |
| Jan 02, 2001 | $0.060 |
FFFFX - Fund Manager Analysis
Managers
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Jun 30, 2011
10.51
10.5%
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
7.95
8.0%
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 |
|---|---|---|---|
| 0.07 | 17.18 | 5.43 | 2.0 |