Fidelity Freedom� 2040 Fund

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Performance

Trailing returns

1 day   +0.00%  
1 week   +2.59%
   
4 week
   
-0.37%  
3 month   +8.47%
   
YTD   +1.56%
   
1 year
   
-4.12%  
3 years*   +5.77%
   
5 years*   +6.23%
   
*annualized
Best 3 month return+26.76%  
Worst 3 month return-32.68%  

Morningstar statistics

Morningstar category: Target-Date 2040
  Return Risk Rating
3 years Average Above 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 assets6.48B 
Front load-  
Deferred load-  
Expense ratio0.75%  
Management fee-  
Fund familyFidelity Investments 

Asset allocation

Cash4.01%  
Stocks90.48%  
Bonds4.87%  
Preferred0.54%  
Convertible0.08%  
Other0.03%  

Purchase information

Initial$2,500  
IRA Initial$2,500  
8.74+0.03(0.34%)
May 26, 8:00PM 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:
FMR Co., Inc. (FMRC)
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* -1.75 -0.31 -1.95 -2.89
Beta* 1.51 1.45 1.46 1.49
Mean annual return -0.25 0.54 0.49 0.44
R-squared* 95.78 94.67 96.68 97.17
Standard deviation 13.99 10.58 11.76 15.08
Sharpe ratio -0.22 0.60 0.49 0.28
* Against standard index

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