FFFFX: Fidelity Freedom® 2040
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FFFFX Fidelity Freedom® 2040

  • Fund
  • FFFFX
  • Price as of: Nov 11, 2019
  • $10.39 - $0.02 - 0.19%
Profile Categories Quick Screens Performance Holdings Expenses Distributions Managers Read Next

FFFFX - Profile

Vitals

  • YTD Return 14.8%
  • 3 Yr Annualized Return 4.7%
  • 5 Yr Annualized Return 1.6%
  • Net Assets $23.2 B
  • Holdings in Top 10 72.5%

52 WEEK LOW AND HIGH

$10.39
$8.93
$10.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

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

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 14.8%
  • 3 Yr Annualized Total Return 7.8%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.36%
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 Fidelity Freedom 2040 Fund (FFFFX) is a target-date fund of funds. Using a specified glide path, FFFFX invests in other Fidelity funds, specifically, 24 different active and index funds. The fund provides exposure to both domestic and international stocks of all market caps. Additionally, both domestic and foreign investment-grade bonds, commodities and real estate are included in the fund’s holdings. As FFFFX approaches 2040, it will reduce its exposure to equities and increase its holdings in fixed-income securities.

Expenses for the fund are below average. Given its all-encompassing approach to retirement investing, FFFFX is perfect as a core option for investors looking to retire around the year 2040.

FFFFX - Mutual Fund Categories

Target Date
Active
Fund of Funds
No Load

FFFFX - Fund Company Quick Screens

Fidelity Target Date Funds

FFFFX - Performance

Return Ranking - Trailing

Period FFFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.8% 1.1% 22.3% 55.42%
1 Yr 3.5% -17.1% 13.5% 60.21%
3 Yr 4.7%* -17.3% 12.1% 39.45%
5 Yr 1.6%* -11.3% 8.2% 40.84%
10 Yr 3.8%* -3.4% 10.0% 47.09%

* Annualized

Return Ranking - Calendar

Period FFFFX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.4% -30.8% -4.2% 72.56%
2017 16.9% -36.9% 19.9% 13.38%
2016 4.1% -5.2% 8.2% 42.70%
2015 -5.9% -25.3% -0.9% 54.09%
2014 -1.9% -12.7% 6.9% 76.02%

Total Return Ranking - Trailing

Period FFFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.8% 1.1% 22.3% 55.42%
1 Yr 3.5% -17.1% 14.7% 71.56%
3 Yr 7.8%* -17.3% 12.1% 36.15%
5 Yr 5.8%* -11.3% 8.2% 31.40%
10 Yr 8.2%* -3.4% 10.0% 25.45%

* Annualized

Total Return Ranking - Calendar

Period FFFFX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.1% -25.4% -2.1% 71.32%
2017 22.3% -36.9% 23.3% 0.67%
2016 8.6% -3.2% 12.3% 11.67%
2015 -0.1% -25.3% 3.9% 5.34%
2014 6.0% -8.5% 8.9% 25.56%

NAV & Total Return History

FFFFX - Holdings

Concentration Analysis

FFFFX Category Low Category High FFFFX % Rank
Net Assets 23.2 B 31.3 K 33.1 B 0.67%
Number of Holdings 36 3 495 7.14%
Net Assets in Top 10 16.5 B 23.2 K 23.7 B 0.67%
Weighting of Top 10 72.45% 25.2% 110.0% 74.25%

Top 10 Holdings

  1. Fidelity® Series Emerging Markets Opps 9.77%
  2. Fidelity® Series International Growth 9.69%
  3. Fidelity® Series International Value 9.40%
  4. Fidelity® Series Intrinsic Opps 9.24%
  5. Fidelity® Series Large Cap Stock 8.16%
  6. Fidelity® Series Growth Company 7.52%
  7. Fidelity® Series Stk Selec Lg Cp Val 6.36%
  8. Fidelity® Series Value Discovery 4.51%
  9. Fidelity® Series Opportunistic Insights 4.10%
  10. Fidelity® Series Blue Chip Growth 3.69%

Asset Allocation

Weighting Return Low Return High FFFFX % Rank
Stocks 		86.06% 0.00% 94.78% 17.14%
Cash 		8.57% -10.09% 187.11% 24.48%
Bonds 		6.26% -156.19% 69.09% 88.13%
Preferred Stocks 		0.47% 0.00% 36.69% 14.88%
Convertible Bonds 		0.09% 0.00% 5.58% 73.38%
Other 		-1.43% -1.53% 15.20% 86.92%

Stock Sector Breakdown

Weighting Return Low Return High FFFFX % Rank
Financial Services 		18.11% 1.17% 18.80% 2.47%
Technology 		16.63% 0.00% 18.58% 14.41%
Healthcare 		10.82% 0.00% 12.07% 5.40%
Consumer Cyclical 		10.82% 0.00% 12.03% 6.40%
Industrials 		8.83% 0.00% 11.60% 25.22%
Consumer Defense 		5.95% 0.00% 15.25% 37.22%
Energy 		5.02% 0.00% 5.06% 0.47%
Basic Materials 		3.56% 0.00% 4.84% 24.15%
Real Estate 		2.20% 0.00% 9.70% 76.72%
Communication Services 		2.01% 0.00% 3.64% 41.89%
Utilities 		1.93% 0.00% 3.91% 54.44%

Stock Geographic Breakdown

Weighting Return Low Return High FFFFX % Rank
US 		46.91% 0.00% 65.22% 36.29%
Non US 		39.15% 0.00% 40.52% 1.20%

Bond Sector Breakdown

Weighting Return Low Return High FFFFX % Rank
Cash & Equivalents 		8.88% -17.48% 187.10% 23.28%
Government 		4.49% -2.84% 42.24% 77.38%
Corporate 		2.13% 1.14% 98.80% 88.39%
Securitized 		0.22% 0.00% 30.46% 93.60%
Municipal 		0.00% 0.00% 1.63% 89.26%
Derivative 		-0.36% -170.75% 15.68% 78.19%

Bond Geographic Breakdown

Weighting Return Low Return High FFFFX % Rank
US 		5.24% -189.52% 66.31% 93.13%
Non US 		1.02% 0.31% 33.33% 83.72%

FFFFX - Expenses

Operational Fees

FFFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.00% 150.91% 36.51%
Management Fee 0.75% 0.00% 1.05% 96.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

FFFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 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

Turnover 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 17.00% 0.00% 195.70% 19.89%

FFFFX - Distributions

Dividend Yield Analysis

FFFFX Category Low Category High FFFFX % Rank
Dividend Yield 0.00% 0.00% 3.94% 77.05%

Dividend Distribution Analysis

FFFFX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Dividend Payout History

View More History

Net Income Ratio Analysis

FFFFX Category Low Category High FFFFX % Rank
Net Income Ratio 1.36% -0.74% 6.29% 80.79%

Capital Gain Distribution Analysis

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

FFFFX - Managers

Andrew Dierdorf

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2011

8.34

8.3%

Andrew Dierdorf is a portfolio manager in the Global Asset Allocation group at Fidelity Investments. In this role Mr. Dierdorf is responsible for co-managing multiple target date portfolios, including Fidelity ClearPath Portfolios, Fidelity Freedom Funds, and FIAM Target Date Strategies. Mr. Dierdorf joined Fidelity in 2004 and has been in the industry since 1993. Mr. Dierdorf earned his bachelor of science degree from the University of Delaware. He is a CFA charterholder, a Fellow of the Society of Actuaries, Chartered Market Technician, and Member of the American Academy of Actuaries.

Brett F. Sumsion

Manager

Start Date

Tenure

Tenure Rank

Jan 21, 2014

5.78

5.8%

Brett Sumsion is a portfolio manager in the Global Asset Allocation (GAA) group at Fidelity Investments. In this role, he is responsible for co-managing multiple target date portfolios, including Fidelity ClearPath Portfolios, Fidelity Income Replacement Funds, Fidelity Freedom Funds, and FIAM Target Date Strategies. Mr. Sumsion joined Fidelity in 2014 and has been in the investments industry since 2001. 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

0.08

Category High

15.01

Category Average

4.75

Category Mode

1.17

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