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

FFFFX - Snapshot

Vitals

  • YTD Return 6.9%
  • 3 Yr Annualized Return 14.4%
  • 5 Yr Annualized Return 14.5%
  • Net Assets $29.8 B
  • Holdings in Top 10 71.9%

52 WEEK LOW AND HIGH

$12.63
$9.53
$13.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

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

BROKERAGE FEES

  • Turnover 22.00%

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

$32.16

-0.53%

$44.68 B

1.52%

$0.49

9.57%

-

Vanguard Target Retirement 2040 Fund

Fund

$48.49

-0.51%

$33.11 B

1.47%

$0.72

9.53%

-

Fidelity Freedom® 2040 Fund

Fund

$12.56

-0.55%

$29.80 B

-

$0.12

6.89%

0.75%

American Funds 2040 Target Date Retirement Fund®

Fund

$20.33

-0.05%

$27.99 B

0.71%

$0.14

9.48%

0.34%

T. Rowe Price Retirement 2040 Fund

Fund

$33.89

-0.47%

$16.50 B

0.73%

$0.25

11.37%

0.09%

FFFFX - Profile

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 14.4%
  • 5 Yr Annualized Total Return 14.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.95%
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 6.9% 4.6% 11.7% 91.67%
1 Yr 45.1% 24.9% 45.4% 1.38%
3 Yr 14.4%* 8.1% 14.9% 4.02%
5 Yr 14.5%* 9.6% 14.7% 2.82%
10 Yr 10.1%* 7.4% 11.4% 25.81%

* 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 6.9% 4.6% 11.7% 91.67%
1 Yr 45.1% 18.2% 45.4% 1.40%
3 Yr 14.4%* 6.0% 14.9% 4.06%
5 Yr 14.5%* 8.4% 14.7% 2.86%
10 Yr 10.1%* 7.4% 11.4% 26.23%

* 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 29.8 B 170 K 44.7 B 1.33%
Number of Holdings 36 4 530 4.42%
Net Assets in Top 10 21.1 B 134 K 43.8 B 1.33%
Weighting of Top 10 71.90% 37.3% 100.0% 78.95%

Top 10 Holdings

  1. Fidelity® Series Emerging Markets Opps 13.88%
  2. Fidelity® Series Growth Company 8.15%
  3. Fidelity® Series Intrinsic Opps 7.97%
  4. Fidelity® Series Large Cap Stock 7.02%
  5. Fidelity® Series Overseas 6.81%
  6. Fidelity® Series International Growth 6.78%
  7. Fidelity® Series International Value 6.62%
  8. Fidelity® Series Stk Selec Lg Cp Val 5.93%
  9. Fidelity® Series Value Discovery 4.57%
  10. Fidelity® Series Opportunistic Insights 4.18%

Asset Allocation

Weighting Return Low Return High FFFFX % Rank
Stocks 		87.52% 64.01% 89.21% 15.93%
Bonds 		6.38% -0.78% 92.77% 96.90%
Cash 		5.28% -68.62% 32.05% 16.37%
Other 		0.60% -0.34% 7.24% 22.57%
Preferred Stocks 		0.13% 0.00% 0.47% 22.57%
Convertible Bonds 		0.08% 0.00% 1.05% 80.97%

Stock Sector Breakdown

Weighting Return Low Return High FFFFX % Rank
Financial Services 		18.12% 12.37% 18.50% 4.42%
Technology 		17.95% 14.76% 21.09% 67.70%
Consumer Cyclical 		12.75% 9.19% 14.13% 33.63%
Industrials 		11.87% 9.42% 14.56% 31.86%
Healthcare 		11.76% 9.04% 15.56% 57.96%
Communication Services 		8.96% 6.91% 10.75% 51.33%
Consumer Defense 		5.39% 4.57% 11.96% 88.05%
Basic Materials 		5.25% 2.91% 5.60% 10.62%
Energy 		3.88% 1.72% 3.91% 3.54%
Utilities 		2.14% 0.55% 4.64% 90.71%
Real Estate 		1.93% 1.83% 9.51% 98.67%

Stock Geographic Breakdown

Weighting Return Low Return High FFFFX % Rank
US 		43.87% 32.06% 68.04% 91.15%
Non US 		43.65% 16.95% 43.65% 0.44%

Bond Sector Breakdown

Weighting Return Low Return High FFFFX % Rank
Cash & Equivalents 		44.75% 0.70% 49.52% 3.98%
Government 		43.38% 8.80% 63.84% 24.78%
Corporate 		10.42% 0.09% 56.87% 91.59%
Securitized 		0.98% 0.00% 32.28% 98.23%
Derivative 		0.45% 0.00% 27.97% 42.92%
Municipal 		0.01% 0.00% 17.70% 73.45%

Bond Geographic Breakdown

Weighting Return Low Return High FFFFX % Rank
US 		5.48% 2.92% 60.45% 94.25%
Non US 		0.90% -40.02% 32.32% 78.32%

FFFFX - Expenses

Operational Fees

FFFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.01% 6.19% 35.82%
Management Fee 0.75% 0.00% 0.88% 94.62%
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% 101.00% 28.23%

FFFFX - Distributions

Dividend Yield Analysis

FFFFX Category Low Category High FFFFX % Rank
Dividend Yield 0.00% 0.00% 0.14% 10.18%

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 0.95% -0.14% 6.53% 87.92%

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

9.93

9.9%

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

7.36

7.4%

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
0.01 16.59 5.04 1.41

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