Fidelity Freedom® 2040
- FFFFX
- Price as of: Mar 05, 2021
-
$12.08
N/A N/A
- Primary Theme
- Target-Date 2040
- Fund Company
- Fidelity Investments
- Share Class
FFFFX - Snapshot
Vitals
- YTD Return 4.2%
- 3 Yr Annualized Return 11.3%
- 5 Yr Annualized Return 14.7%
- Net Assets $28.5 B
- Holdings in Top 10 72.7%
52 WEEK LOW AND HIGH
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
FFFFX - Profile
Distributions
- YTD Total Return 4.2%
- 3 Yr Annualized Total Return 11.3%
- 5 Yr Annualized Total Return 14.7%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 1.52%
- 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 ® 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 | 4.2% | 0.3% | 4.6% | 1.37% |
1 Yr | 32.8% | 15.0% | 33.3% | 3.18% |
3 Yr | 11.3%* | 6.2% | 11.9% | 14.36% |
5 Yr | 14.7%* | 9.8% | 14.9% | 2.84% |
10 Yr | 9.5%* | 6.9% | 10.9% | 29.75% |
* Annualized
Return Ranking - Calendar
Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 11.0% | 1.3% | 14.9% | 46.38% |
2019 | 17.0% | 4.1% | 22.6% | 54.73% |
2018 | -15.4% | -23.1% | -6.9% | 56.18% |
2017 | 16.9% | -15.1% | 18.8% | 27.71% |
2016 | 4.1% | -0.2% | 8.2% | 51.39% |
Total Return Ranking - Trailing
Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | 0.3% | 4.6% | 1.37% |
1 Yr | 32.8% | 11.3% | 33.3% | 3.23% |
3 Yr | 11.3%* | 4.2% | 11.9% | 13.50% |
5 Yr | 14.7%* | 8.5% | 14.9% | 2.87% |
10 Yr | 9.5%* | 6.9% | 10.9% | 30.25% |
* Annualized
Total Return Ranking - Calendar
Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 11.0% | 1.3% | 14.9% | 46.38% |
2019 | 17.0% | 4.1% | 22.6% | 54.73% |
2018 | -13.1% | -23.1% | -5.5% | 57.87% |
2017 | 22.3% | -15.1% | 26.3% | 1.20% |
2016 | 8.6% | -0.1% | 10.6% | 16.67% |
NAV & Total Return History
FFFFX - Holdings
Concentration Analysis
FFFFX | Category Low | Category High | FFFFX % Rank | |
---|---|---|---|---|
Net Assets | 28.5 B | 155 K | 35.7 B | 1.79% |
Number of Holdings | 37 | 1 | 532 | 4.48% |
Net Assets in Top 10 | 20 B | 122 K | 35.6 B | 1.79% |
Weighting of Top 10 | 72.74% | 38.5% | 100.0% | 78.61% |
Top 10 Holdings
- Fidelity® Series Emerging Markets Opps 14.88%
- Fidelity® Series Intrinsic Opps 8.28%
- Fidelity® Series Growth Company 7.92%
- Fidelity® Series Large Cap Stock 6.98%
- Fidelity® Series International Growth 6.86%
- Fidelity® Series International Value 6.82%
- Fidelity® Series Overseas 6.58%
- Fidelity® Series Stk Selec Lg Cp Val 5.91%
- Fidelity® Series Value Discovery 4.55%
- Fidelity® Series Opportunistic Insights 3.96%
Asset Allocation
Weighting | Return Low | Return High | FFFFX % Rank | |
---|---|---|---|---|
Stocks | 88.20% | 63.58% | 90.13% | 17.49% |
Bonds | 5.91% | 2.20% | 83.47% | 99.10% |
Cash | 5.13% | -61.88% | 9.18% | 12.56% |
Other | 0.56% | -0.25% | 14.57% | 30.04% |
Preferred Stocks | 0.13% | 0.00% | 0.79% | 34.98% |
Convertible Bonds | 0.06% | 0.00% | 0.90% | 90.58% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FFFFX % Rank | |
---|---|---|---|---|
Technology | 18.76% | 15.44% | 22.09% | 71.30% |
Financial Services | 17.25% | 11.46% | 17.43% | 4.93% |
Consumer Cyclical | 13.08% | 9.44% | 14.19% | 13.00% |
Healthcare | 12.78% | 10.09% | 17.02% | 36.77% |
Industrials | 10.77% | 9.05% | 14.81% | 50.67% |
Communication Services | 8.54% | 6.82% | 11.10% | 58.30% |
Consumer Defense | 5.78% | 4.97% | 12.03% | 85.20% |
Basic Materials | 5.11% | 2.53% | 5.51% | 11.21% |
Energy | 3.61% | 1.65% | 3.61% | 0.90% |
Utilities | 2.44% | 0.61% | 4.46% | 81.61% |
Real Estate | 1.87% | 1.81% | 9.05% | 99.10% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FFFFX % Rank | |
---|---|---|---|---|
Non US | 44.76% | 11.75% | 44.76% | 0.90% |
US | 43.44% | 32.80% | 65.08% | 91.48% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FFFFX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 48.22% | 0.36% | 48.22% | 0.90% |
Government | 39.98% | 11.76% | 62.08% | 26.01% |
Corporate | 10.10% | 0.10% | 56.76% | 97.31% |
Securitized | 1.21% | 0.00% | 31.10% | 98.21% |
Derivative | 0.49% | 0.00% | 27.44% | 39.01% |
Municipal | 0.01% | 0.00% | 16.40% | 73.54% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FFFFX % Rank | |
---|---|---|---|---|
US | 5.06% | 0.75% | 44.89% | 99.10% |
Non US | 0.85% | -12.37% | 38.58% | 81.61% |
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% | 35.32% |
Management Fee | 0.75% | 0.00% | 0.88% | 96.36% |
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% | 2.00% | 101.00% | 39.53% |
FFFFX - Distributions
Dividend Yield Analysis
FFFFX | Category Low | Category High | FFFFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.15% | 49.78% |
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% | 0.18% | 6.53% | 67.94% |
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
9.67
9.7%
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
7.11
7.1%
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 | 16.34 | 5.06 | 1.16 |