Fidelity Freedom® 2040
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
8.2%
1 yr return
30.6%
3 Yr Avg Return
14.3%
5 Yr Avg Return
14.2%
Net Assets
$30 B
Holdings in Top 10
71.8%
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 8.2%
- 3 Yr Annualized Total Return 14.3%
- 5 Yr Annualized Total Return 14.2%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.95%
- Dividend Yield 0.0%
- 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 | 8.2% | 4.6% | 14.5% | 89.81% |
| 1 Yr | 30.6% | 17.8% | 31.1% | 1.35% |
| 3 Yr | 14.3%* | 8.5% | 15.0% | 15.64% |
| 5 Yr | 14.2%* | 9.8% | 14.5% | 7.26% |
| 10 Yr | 11.5%* | 8.7% | 12.8% | 30.65% |
* Annualized
Return Ranking - Calendar
| Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 11.0% | 1.3% | 14.9% | 46.57% |
| 2019 | 17.0% | 4.1% | 22.6% | 55.00% |
| 2018 | -15.4% | -23.1% | -6.9% | 56.50% |
| 2017 | 16.9% | -15.1% | 18.8% | 27.88% |
| 2016 | 4.1% | -0.2% | 8.2% | 51.75% |
Total Return Ranking - Trailing
| Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.2% | 4.6% | 14.5% | 89.81% |
| 1 Yr | 30.6% | 12.1% | 31.1% | 1.37% |
| 3 Yr | 14.3%* | 6.5% | 15.0% | 14.90% |
| 5 Yr | 14.2%* | 8.5% | 14.5% | 7.34% |
| 10 Yr | 11.5%* | 8.7% | 12.8% | 31.15% |
* Annualized
Total Return Ranking - Calendar
| Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 11.0% | 1.3% | 14.9% | 46.57% |
| 2019 | 17.0% | 4.1% | 22.6% | 55.00% |
| 2018 | -13.1% | -23.1% | -5.5% | 58.19% |
| 2017 | 22.3% | -15.1% | 26.3% | 1.21% |
| 2016 | 8.6% | -0.1% | 10.6% | 16.78% |
NAV & Total Return History
FFFFX - Holdings
Concentration Analysis
| FFFFX | Category Low | Category High | FFFFX % Rank | |
|---|---|---|---|---|
| Net Assets | 30 B | 255 K | 50.3 B | 1.75% |
| Number of Holdings | 38 | 4 | 541 | 4.41% |
| Net Assets in Top 10 | 21.1 B | 159 K | 49.7 B | 1.76% |
| Weighting of Top 10 | 71.77% | 38.3% | 100.0% | 79.23% |
Top 10 Holdings
- Fidelity® Series Emerging Markets Opps 12.52%
- Fidelity® Series Intrinsic Opps 8.01%
- Fidelity® Series Growth Company 7.91%
- Fidelity® Series Overseas 7.22%
- Fidelity® Series International Growth 7.16%
- Fidelity® Series Large Cap Stock 7.07%
- Fidelity® Series International Value 7.02%
- Fidelity® Series Stk Selec Lg Cp Val 6.06%
- Fidelity® Series Value Discovery 4.65%
- Fidelity® Series Opportunistic Insights 4.15%
Asset Allocation
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| Stocks | 88.14% | 61.84% | 91.30% | 12.78% |
| Bonds | 6.96% | 3.05% | 67.22% | 94.71% |
| Cash | 4.09% | -66.35% | 26.07% | 31.72% |
| Other | 0.58% | -4.29% | 7.75% | 22.47% |
| Preferred Stocks | 0.14% | 0.00% | 0.38% | 26.87% |
| Convertible Bonds | 0.08% | 0.00% | 1.03% | 83.26% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| Technology | 18.32% | 14.96% | 23.65% | 76.65% |
| Financial Services | 17.97% | 13.08% | 18.32% | 4.85% |
| Healthcare | 12.38% | 9.74% | 14.76% | 53.30% |
| Industrials | 12.08% | 9.44% | 14.83% | 11.45% |
| Consumer Cyclical | 11.95% | 9.06% | 15.06% | 50.66% |
| Communication Services | 8.61% | 6.98% | 11.22% | 55.95% |
| Basic Materials | 5.46% | 3.10% | 5.68% | 6.61% |
| Consumer Defense | 5.25% | 4.28% | 10.91% | 91.63% |
| Energy | 4.15% | 1.76% | 4.18% | 3.96% |
| Utilities | 1.96% | 0.40% | 6.26% | 95.15% |
| Real Estate | 1.86% | 1.82% | 9.63% | 99.12% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| US | 44.32% | 28.78% | 66.66% | 92.51% |
| Non US | 43.82% | 17.09% | 43.82% | 0.88% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| Government | 45.46% | 10.32% | 63.81% | 18.50% |
| Cash & Equivalents | 42.18% | 0.66% | 51.28% | 3.08% |
| Corporate | 9.94% | 1.00% | 58.55% | 92.95% |
| Derivative | 1.56% | 0.00% | 32.14% | 33.04% |
| Securitized | 0.86% | 0.00% | 30.82% | 99.12% |
| Municipal | 0.00% | 0.00% | 25.48% | 89.43% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| US | 6.01% | 2.06% | 51.28% | 93.39% |
| Non US | 0.95% | -27.70% | 15.94% | 82.82% |
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% | 37.28% |
| Management Fee | 0.75% | 0.00% | 0.88% | 96.90% |
| 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 | 22.00% | 2.00% | 112.00% | 22.90% |
FFFFX - Distributions
Dividend Yield Analysis
| FFFFX | Category Low | Category High | FFFFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.14% | 43.23% |
Dividend Distribution Analysis
| FFFFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Quarterly | Semi-Annually |
Net Income Ratio Analysis
| FFFFX | Category Low | Category High | FFFFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.95% | -0.14% | 6.53% | 82.13% |
Capital Gain Distribution Analysis
| FFFFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | 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
10.18
10.2%
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
7.61
7.6%
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 |
|---|---|---|---|
| 0.07 | 16.84 | 5.17 | 1.67 |