Fidelity Freedom® 2040
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-24.5%
1 yr return
-9.2%
3 Yr Avg Return
11.5%
5 Yr Avg Return
8.7%
Net Assets
$26 B
Holdings in Top 10
73.1%
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 29.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
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 -24.5%
- 3 Yr Annualized Total Return 11.5%
- 5 Yr Annualized Total Return 8.7%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 2.09%
- Dividend Yield 6.0%
- 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 | -24.5% | -36.4% | -10.0% | 92.63% |
| 1 Yr | -9.2% | -10.6% | 2.7% | 81.65% |
| 3 Yr | 11.5%* | 6.1% | 11.8% | 1.98% |
| 5 Yr | 8.7%* | 5.6% | 9.4% | 13.48% |
| 10 Yr | 10.0%* | 7.2% | 11.1% | 20.63% |
* Annualized
Return Ranking - Calendar
| Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 3.7% | -6.3% | 17.5% | 72.33% |
| 2020 | 11.0% | 3.3% | 14.9% | 48.45% |
| 2019 | 17.0% | 4.1% | 22.6% | 55.79% |
| 2018 | -15.4% | -23.1% | -6.9% | 59.28% |
| 2017 | 16.9% | -0.2% | 18.8% | 29.03% |
Total Return Ranking - Trailing
| Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -24.5% | -36.4% | -10.0% | 92.63% |
| 1 Yr | -9.2% | -15.0% | 2.7% | 71.63% |
| 3 Yr | 11.5%* | 4.9% | 11.8% | 2.01% |
| 5 Yr | 8.7%* | 4.7% | 9.4% | 12.50% |
| 10 Yr | 10.0%* | 7.2% | 11.1% | 20.16% |
* Annualized
Total Return Ranking - Calendar
| Period | FFFFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 3.7% | -6.3% | 17.5% | 72.33% |
| 2020 | 11.0% | 3.3% | 14.9% | 48.45% |
| 2019 | 17.0% | 4.1% | 22.6% | 55.79% |
| 2018 | -13.1% | -23.1% | -5.5% | 60.48% |
| 2017 | 22.3% | 5.2% | 26.3% | 1.29% |
NAV & Total Return History
FFFFX - Holdings
Concentration Analysis
| FFFFX | Category Low | Category High | FFFFX % Rank | |
|---|---|---|---|---|
| Net Assets | 26 B | 88 K | 68.9 B | 7.69% |
| Number of Holdings | 36 | 4 | 562 | 12.73% |
| Net Assets in Top 10 | 18.8 B | 693 K | 68.1 B | 7.73% |
| Weighting of Top 10 | 73.06% | 38.5% | 100.0% | 74.00% |
Top 10 Holdings
- Fidelity® Series Emerging Markets Opps 12.77%
- Fidelity® Series Growth Company 7.63%
- Fidelity® Series International Value 7.56%
- Fidelity® Series Overseas 7.37%
- Fidelity® Series International Growth 7.36%
- Fidelity® Series Intrinsic Opps 7.32%
- Fidelity® Series Large Cap Stock 7.11%
- Fidelity® Series Stk Selec Lg Cp Val 6.05%
- Fidelity® Series Long-Term Trs Bd Idx 5.25%
- Fidelity® Series Value Discovery 4.65%
Asset Allocation
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| Stocks | 87.59% | 0.00% | 89.49% | 15.00% |
| Bonds | 8.14% | 6.42% | 65.95% | 95.45% |
| Cash | 3.54% | -6.89% | 31.18% | 42.73% |
| Other | 0.48% | -0.92% | 16.90% | 27.27% |
| Preferred Stocks | 0.19% | 0.00% | 0.48% | 16.36% |
| Convertible Bonds | 0.07% | 0.00% | 0.98% | 83.18% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| Financial Services | 18.83% | 13.11% | 18.83% | 2.29% |
| Technology | 17.55% | 13.94% | 24.03% | 84.40% |
| Industrials | 12.06% | 9.02% | 12.29% | 6.88% |
| Healthcare | 11.60% | 10.75% | 14.53% | 85.78% |
| Consumer Cyclical | 11.31% | 8.05% | 13.32% | 42.66% |
| Communication Services | 6.85% | 5.69% | 10.24% | 65.60% |
| Basic Materials | 6.49% | 3.14% | 6.86% | 4.13% |
| Energy | 5.97% | 2.33% | 6.31% | 4.13% |
| Consumer Defense | 5.42% | 4.68% | 11.06% | 91.28% |
| Utilities | 2.01% | 1.90% | 8.13% | 99.54% |
| Real Estate | 1.90% | 1.87% | 10.11% | 99.54% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| Non US | 44.24% | 0.00% | 44.24% | 1.36% |
| US | 43.35% | 0.00% | 68.38% | 95.00% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| Government | 47.31% | 13.41% | 62.05% | 24.09% |
| Cash & Equivalents | 37.25% | 3.19% | 55.75% | 6.82% |
| Corporate | 11.66% | 0.49% | 50.07% | 89.09% |
| Securitized | 3.40% | 0.00% | 36.42% | 94.55% |
| Derivative | 0.31% | 0.00% | 20.78% | 44.09% |
| Municipal | 0.08% | 0.00% | 22.13% | 65.91% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FFFFX % Rank | |
|---|---|---|---|---|
| US | 7.22% | 4.80% | 43.04% | 95.45% |
| Non US | 0.92% | 0.07% | 22.91% | 82.73% |
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% | 37.27% |
| Management Fee | 0.75% | 0.00% | 0.86% | 97.25% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.29% | 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 | 2.00% | 2.00% | 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 | 29.00% | 2.00% | 112.00% | 67.82% |
FFFFX - Distributions
Dividend Yield Analysis
| FFFFX | Category Low | Category High | FFFFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.03% | 0.00% | 5.64% | 57.92% |
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 | 2.09% | -0.21% | 10.52% | 10.75% |
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 | Type |
|---|---|---|
| May 15, 2017 | $0.005 | OrdinaryDividend |
| May 07, 2012 | $0.014 | OrdinaryDividend |
| Dec 30, 2011 | $0.117 | OrdinaryDividend |
| May 09, 2011 | $0.015 | OrdinaryDividend |
| Dec 31, 2010 | $0.104 | OrdinaryDividend |
| May 10, 2010 | $0.015 | OrdinaryDividend |
| Dec 29, 2009 | $0.115 | OrdinaryDividend |
| May 18, 2009 | $0.010 | OrdinaryDividend |
| Dec 29, 2008 | $0.130 | OrdinaryDividend |
| May 12, 2008 | $0.020 | OrdinaryDividend |
| Dec 31, 2007 | $0.130 | OrdinaryDividend |
| May 07, 2007 | $0.020 | OrdinaryDividend |
| Dec 29, 2006 | $0.110 | OrdinaryDividend |
| May 15, 2006 | $0.020 | OrdinaryDividend |
| Dec 30, 2005 | $0.090 | OrdinaryDividend |
| May 16, 2005 | $0.005 | OrdinaryDividend |
| Dec 30, 2004 | $0.100 | OrdinaryDividend |
| May 17, 2004 | $0.025 | OrdinaryDividend |
| Dec 29, 2003 | $0.070 | OrdinaryDividend |
| May 05, 2003 | $0.020 | OrdinaryDividend |
| Dec 30, 2002 | $0.060 | OrdinaryDividend |
| May 06, 2002 | $0.010 | OrdinaryDividend |
| Dec 31, 2001 | $0.060 | OrdinaryDividend |
| May 07, 2001 | $0.010 | OrdinaryDividend |
| Jan 02, 2001 | $0.060 | OrdinaryDividend |
FFFFX - Fund Manager Analysis
Managers
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Jun 30, 2011
10.93
10.9%
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
8.36
8.4%
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 |
|---|---|---|---|
| 0.08 | 17.59 | 5.65 | 2.41 |