Fidelity Freedom� 2040

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Performance

Trailing returns

1 day
   
-0.31%  
1 week   +0.73%
   
4 week   +0.42%
   
3 month   +1.48%
   
YTD   +0.84%
   
1 year   +14.84%
   
3 years*   +7.61%
   
5 years*   +15.51%
   
*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 assets7.02B 
Front load-  
Deferred load-  
Expense ratio0.81%  
Management fee-  
Fund familyFidelity Investments 

Asset allocation

Cash3.89%  
Stocks85.54%  
Bonds8.90%  
Preferred0.50%  
Convertible0.06%  
Other1.11%  

Purchase information

Initial$2,500  
IRA Initial$500  
AIP Initial$2,500  
AIP Additional$200  
9.61+0.01(0.10%)
Apr 24, 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 using a moderate asset allocation strategy designed for investors expecting to retire around the year 2040. 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 17 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, USA
1-800-387-8092 (Fax)

Risk

  1 year 3 years 5 years 10 years  
Alpha* 0.46 -3.11 -3.06 -3.10
Beta* 1.32 1.45 1.48 1.50
Mean annual return 1.21 0.73 1.41 0.59
R-squared* 93.71 97.84 98.36 97.12
Standard deviation 8.89 12.25 13.89 14.72
Sharpe ratio 1.62 0.71 1.21 0.37
* Against standard index

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