FKGLX: Fidelity Advisor Freedom® 2040 Fund - MutualFunds.com
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Fidelity Advisor Freedom® 2040 Z6

FKGLX - Snapshot

Vitals

  • YTD Return 3.8%
  • 3 Yr Annualized Return 11.2%
  • 5 Yr Annualized Return 12.7%
  • Net Assets $2.56 B
  • Holdings in Top 10 73.8%

52 WEEK LOW AND HIGH

$17.38
$10.77
$17.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.49%

SALES FEES

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

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

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

Compare FKGLX to Popular Target-Date 2040 Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Target Retirement 2040 Fund

Fund

$45.58

+0.20%

$35.84 B

1.58%

$0.72

2.96%

-

Vanguard Institutional Target Retirement 2040 Fund

Fund

$30.22

+0.20%

$33.38 B

1.62%

$0.49

2.96%

-

Fidelity Freedom® 2040 Fund

Fund

$12.23

+0.08%

$27.46 B

1.01%

$0.12

4.09%

0.75%

American Funds 2040 Target Date Retirement Fund®

Fund

$19.08

0.00%

$24.13 B

0.76%

$0.14

2.75%

0.34%

T. Rowe Price Retirement 2040 Fund

Fund

$31.47

0.00%

$15.76 B

0.79%

$0.25

3.42%

0.09%

FKGLX - Profile

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return 11.2%
  • 5 Yr Annualized Total Return 12.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.67%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Fidelity Advisor Freedom® 2040 Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jun 06, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew Dierdorf

Fund Description

The fund invests primarily in a combination of Fidelity® domestic equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity ® funds). It allocates assets according to a neutral asset allocation strategy that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom® Income Fund.

FKGLX - Performance

Return Ranking - Trailing

Period FKGLX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% 2.0% 4.1% 10.96%
1 Yr 17.7% 8.2% 20.0% 15.49%
3 Yr 11.2%* 5.3% 11.8% 4.41%
5 Yr 12.7%* 8.0% 13.0% 3.30%
10 Yr 9.6%* 6.0% 11.1% 29.60%

* Annualized

Return Ranking - Calendar

Period FKGLX Return Category Return Low Category Return High Rank in Category (%)
2020 9.6% 1.3% 14.9% 63.43%
2019 17.5% 4.1% 22.6% 44.29%
2018 -17.8% -23.1% -6.9% 77.01%
2017 N/A -15.1% 18.8% N/A
2016 N/A -0.2% 8.2% N/A

Total Return Ranking - Trailing

Period FKGLX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% 2.0% 4.1% 10.96%
1 Yr 17.7% 3.6% 20.0% 14.80%
3 Yr 11.2%* 3.6% 11.8% 3.96%
5 Yr 12.7%* 6.9% 13.0% 3.33%
10 Yr 9.6%* 6.0% 11.1% 30.08%

* Annualized

Total Return Ranking - Calendar

Period FKGLX Return Category Return Low Category Return High Rank in Category (%)
2020 9.6% 1.3% 14.9% 63.43%
2019 17.5% 4.1% 22.6% 44.29%
2018 -14.2% -23.1% -5.5% 67.38%
2017 N/A -15.1% 26.3% N/A
2016 N/A -0.1% 10.6% N/A

NAV & Total Return History

FKGLX - Holdings

Concentration Analysis

FKGLX Category Low Category High FKGLX % Rank
Net Assets 2.56 B 150 K 35.8 B 25.43%
Number of Holdings 35 1 529 7.42%
Net Assets in Top 10 1.82 B 117 K 35.6 B 25.76%
Weighting of Top 10 73.82% 38.0% 100.0% 75.60%

Top 10 Holdings

  1. Fidelity® Series Emerging Markets Opps 14.07%
  2. Fidelity® Series Large Cap Stock 10.25%
  3. Fidelity® Series International Value 7.23%
  4. Fidelity® Series Overseas 6.79%
  5. Fidelity® Series International Growth 6.63%
  6. Fidelity® Series Value Discovery 6.52%
  7. Fidelity® Series Stk Selec Lg Cp Val 6.43%
  8. Fidelity Advisor® Series Equity Gr 6.06%
  9. Fidelity® Series Opportunistic Insights 5.52%
  10. Fidelity Advisor® Series Growth Opps 4.30%

Asset Allocation

Weighting Return Low Return High FKGLX % Rank
Stocks 		89.16% 40.01% 90.28% 12.23%
Bonds 		5.51% 1.97% 91.81% 98.25%
Cash 		4.71% -61.62% 9.71% 25.76%
Other 		0.36% -0.21% 39.56% 39.74%
Preferred Stocks 		0.17% 0.00% 0.93% 27.95%
Convertible Bonds 		0.08% 0.00% 0.94% 83.84%

Stock Sector Breakdown

Weighting Return Low Return High FKGLX % Rank
Technology 		19.25% 12.42% 21.81% 42.36%
Financial Services 		16.45% 11.21% 17.16% 7.86%
Healthcare 		13.04% 10.20% 17.02% 44.98%
Consumer Cyclical 		11.40% 9.42% 14.19% 76.42%
Industrials 		11.13% 9.05% 14.81% 42.79%
Communication Services 		9.99% 6.03% 11.10% 8.30%
Consumer Defense 		6.13% 4.95% 12.32% 89.96%
Basic Materials 		4.92% 2.53% 7.10% 15.72%
Energy 		3.19% 1.64% 4.02% 10.48%
Utilities 		2.47% 0.61% 4.53% 90.39%
Real Estate 		2.03% 1.86% 9.80% 98.25%

Stock Geographic Breakdown

Weighting Return Low Return High FKGLX % Rank
US 		46.03% 9.38% 65.08% 80.79%
Non US 		43.13% 11.77% 44.85% 6.11%

Bond Sector Breakdown

Weighting Return Low Return High FKGLX % Rank
Cash & Equivalents 		45.29% 1.16% 48.09% 3.93%
Government 		40.53% 8.94% 61.68% 22.71%
Corporate 		12.44% 0.10% 59.91% 87.77%
Securitized 		1.22% 0.00% 32.81% 93.45%
Derivative 		0.51% 0.00% 27.46% 30.57%
Municipal 		0.01% 0.00% 13.58% 79.91%

Bond Geographic Breakdown

Weighting Return Low Return High FKGLX % Rank
US 		4.78% 0.53% 44.58% 98.25%
Non US 		0.73% -11.02% 65.92% 86.90%

FKGLX - Expenses

Operational Fees

FKGLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.01% 12.08% 61.43%
Management Fee 0.49% 0.00% 0.88% 83.84%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FKGLX 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

FKGLX 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.

FKGLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 2.00% 101.00% 51.34%

FKGLX - Distributions

Dividend Yield Analysis

FKGLX Category Low Category High FKGLX % Rank
Dividend Yield 0.00% 0.00% 0.15% 96.98%

Dividend Distribution Analysis

FKGLX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Annually Annually

Net Income Ratio Analysis

FKGLX Category Low Category High FKGLX % Rank
Net Income Ratio 1.67% 0.18% 6.94% 60.09%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FKGLX - Fund Manager Analysis

Managers

Andrew Dierdorf

Start Date

Tenure

Tenure Rank

Jun 30, 2011

9.51

9.5%

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

6.95

7.0%

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
0.08 16.18 5.43 1.0

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