Fidelity Freedom� 2040

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Performance

Trailing returns

1 day
   
-0.20%  
1 week   +0.21%
   
4 week   +1.00%
   
3 month   +2.98%
   
YTD   +6.95%
   
1 year   +11.10%
   
3 years*   +14.76%
   
5 years*   +12.09%
   
*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 assets6.99B 
Front load-  
Deferred load-  
Expense ratio0.78%  
Management fee-  
Fund familyFidelity Investments 

Asset allocation

Cash3.37%  
Stocks90.03%  
Bonds5.26%  
Preferred0.64%  
Convertible0.04%  
Other0.64%  

Purchase information

Initial$2,500  
IRA Initial$500  
AIP Initial$2,500  
AIP Additional$200  
9.74-0.02(-0.20%)
May 22, 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* 2.52 -0.06 -2.18 -2.62
Beta* 1.42 1.37 1.47 1.49
Mean annual return 0.80 0.96 0.84 0.63
R-squared* 95.71 95.46 97.66 97.10
Standard deviation 8.25 8.81 12.44 14.64
Sharpe ratio 1.16 1.30 0.80 0.42
* Against standard index

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