Fidelity Freedom� 2040

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Performance

Trailing returns

1 day   +0.20%
   
1 week   +0.92%
   
4 week   +2.91%
   
3 month   +7.38%
   
YTD   +6.00%
   
1 year   +11.93%
   
3 years*   +12.78%
   
5 years*   +9.79%
   
*annualized
Best 3 month return+26.76%  
Worst 3 month return-32.68%  

Morningstar statistics

Morningstar category: Target Date 2036-2040
  Return Risk Rating
3 years Average Average
5 years Average Average
10 years Average Average
Overall Average Average
Morningstar style  Learn more
      Large
      Mid
      Small
Value Blend Growth  

Key statistics

Total assets6.90B 
Front load-  
Deferred load-  
Expense ratio0.78%  
Management fee-  
Fund familyFidelity Investments 

Asset allocation

Cash3.49%  
Stocks89.77%  
Bonds6.01%  
Preferred0.64%  
Convertible0.04%  
Other0.04%  

Purchase information

Initial$2,500  
IRA Initial$500  
AIP Initial$2,500  
AIP Additional$200  
9.78-0.12(-1.21%)
Apr 17, 4:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks high total return until its target retirement date. The fund invests in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds. It uses an asset allocation strategy that becomes increasingly conservative until it reaches approximately 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds, and 30% in short-term funds (approximately 10 to 19 years after the year 2040).
Fund filings (PDF) »
Asset managers:
Andrew Dierdorf (Started: Jun 30, 2011)
Brett Sumsion (Started: Jan 21, 2014)
Advisor Company:
Strategic Advisers, Inc.
Fund family reports on Morningstar »
Fidelity Investments, 483 Bay Street, BOSTON MA 02210, USA
1-800-387-8092 (Fax)

Risk

  1 year 3 years 5 years 10 years  
Alpha* 1.82 -0.15 -2.18 -2.63
Beta* 1.42 1.38 1.47 1.50
Mean annual return 0.66 0.90 0.84 0.60
R-squared* 93.92 95.44 97.66 97.11
Standard deviation 8.25 8.84 12.44 14.66
Sharpe ratio 0.96 1.21 0.80 0.39
* Against standard index

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