FFFFX: Fidelity Freedom® 2040 Fund - MutualFunds.com

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Fidelity Freedom® 2040

FFFFX - Snapshot

Vitals

  • YTD Return 10.3%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 8.4%
  • Net Assets $23.5 B
  • Holdings in Top 10 72.1%

52 WEEK LOW AND HIGH

$11.54
$7.48
$11.68

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 Target Retirement 2040 Fund

Fund

$43.90

+0.11%

$31.37 B

2.03%

$0.89

12.19%

-

Vanguard Institutional Target Retirement 2040 Fund

Fund

$29.03

+0.10%

$28.88 B

2.08%

$0.60

12.17%

-

Fidelity Freedom® 2040 Fund

Fund

$11.68

+1.21%

$23.49 B

-

$0.16

10.29%

-

American Funds 2040 Target Date Retirement Fund®

Fund

$18.56

+0.98%

$20.83 B

0.89%

$0.16

14.57%

-

T. Rowe Price Retirement 2040 Fund

Fund

$31.04

+0.19%

$14.10 B

1.45%

$0.45

14.71%

-

FFFFX - Profile

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 8.4%
  • 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 10.3% -1.8% 15.8% 52.53%
1 Yr 7.0% -1.4% 12.8% 19.63%
3 Yr 5.7%* 1.7% 8.7% 36.68%
5 Yr 8.4%* 4.5% 10.1% 19.10%
10 Yr 8.4%* 4.7% 10.0% 39.20%

* Annualized

Return Ranking - Calendar

Period FFFFX Return Category Return Low Category Return High Rank in Category (%)
2019 17.0% 4.1% 22.6% 52.13%
2018 -15.4% -23.1% -6.9% 58.51%
2017 16.9% -15.1% 18.8% 26.14%
2016 4.1% -0.2% 8.2% 54.55%
2015 -5.9% -14.5% -1.5% 48.84%

Total Return Ranking - Trailing

Period FFFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -1.8% 15.8% 52.53%
1 Yr 7.0% -6.3% 9.4% 17.59%
3 Yr 5.7%* 0.5% 7.6% 34.01%
5 Yr 8.4%* 4.1% 9.5% 17.61%
10 Yr 8.4%* 4.7% 10.0% 37.40%

* Annualized

Total Return Ranking - Calendar

Period FFFFX Return Category Return Low Category Return High Rank in Category (%)
2019 17.0% 4.1% 22.6% 52.13%
2018 -13.1% -23.1% -5.5% 60.11%
2017 22.3% -15.1% 26.3% 1.14%
2016 8.6% -0.1% 10.6% 15.58%
2015 -0.1% -14.5% 0.6% 7.75%

NAV & Total Return History

FFFFX - Holdings

Concentration Analysis

FFFFX Category Low Category High FFFFX % Rank
Net Assets 23.5 B 128 K 31.4 B 1.30%
Number of Holdings 34 1 518 6.17%
Net Assets in Top 10 17.5 B 105 K 31.1 B 1.32%
Weighting of Top 10 72.10% 42.0% 100.0% 78.10%

Top 10 Holdings

  1. Fidelity® Series Emerging Markets Opps 13.68%
  2. Fidelity® Series Growth Company 8.64%
  3. Fidelity® Series Intrinsic Opps 8.00%
  4. Fidelity® Series International Growth 7.02%
  5. Fidelity® Series Overseas 6.94%
  6. Fidelity® Series Large Cap Stock 6.81%
  7. Fidelity® Series International Value 6.78%
  8. Fidelity® Series Stk Selec Lg Cp Val 5.63%
  9. Fidelity® Series Opportunistic Insights 4.34%
  10. Fidelity® Series Value Discovery 4.27%

Asset Allocation

Weighting Return Low Return High FFFFX % Rank
Stocks 		88.26% 40.50% 97.02% 16.30%
Bonds 		5.99% 1.31% 91.81% 98.68%
Cash 		5.14% -73.90% 14.87% 22.47%
Other 		0.41% -0.33% 39.22% 34.36%
Preferred Stocks 		0.13% 0.00% 0.93% 26.87%
Convertible Bonds 		0.06% 0.00% 0.91% 83.70%

Stock Sector Breakdown

Weighting Return Low Return High FFFFX % Rank
Technology 		18.88% 11.16% 23.13% 62.56%
Financial Services 		16.30% 10.20% 16.77% 8.81%
Healthcare 		13.83% 10.72% 18.09% 28.19%
Consumer Cyclical 		13.29% 9.21% 13.63% 8.81%
Industrials 		10.37% 8.75% 14.46% 57.27%
Communication Services 		8.80% 6.03% 11.05% 56.83%
Consumer Defense 		6.15% 5.13% 12.49% 90.75%
Basic Materials 		4.75% 2.43% 7.35% 22.91%
Energy 		3.56% 1.58% 4.02% 12.78%
Utilities 		2.11% 0.79% 4.98% 93.39%
Real Estate 		1.95% 1.89% 10.00% 98.68%

Stock Geographic Breakdown

Weighting Return Low Return High FFFFX % Rank
Non US 		44.62% 11.77% 44.62% 0.44%
US 		43.64% 9.56% 65.08% 88.11%

Bond Sector Breakdown

Weighting Return Low Return High FFFFX % Rank
Cash & Equivalents 		46.09% 1.00% 49.69% 2.64%
Government 		40.92% 9.29% 61.72% 23.35%
Corporate 		11.71% 0.11% 56.72% 87.67%
Securitized 		1.17% 0.00% 33.79% 94.27%
Derivative 		0.10% 0.00% 32.90% 44.49%
Municipal 		0.01% 0.00% 13.58% 76.65%

Bond Geographic Breakdown

Weighting Return Low Return High FFFFX % Rank
US 		5.23% -0.45% 55.25% 95.59%
Non US 		0.76% 0.18% 65.92% 92.51%

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% 34.62%
Management Fee 0.75% 0.00% 0.88% 94.71%
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% 0.00% 101.00% 47.11%

FFFFX - Distributions

Dividend Yield Analysis

FFFFX Category Low Category High FFFFX % Rank
Dividend Yield 0.00% 0.00% 2.34% 3.48%

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% -0.27% 6.94% 70.83%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FFFFX - Fund Manager Analysis

Managers

Andrew Dierdorf

Start Date

Tenure

Tenure Rank

Jun 30, 2011

9.35

9.4%

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

6.78

6.8%

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
0.2 18.1 5.45 0.83

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