Fidelity Freedom� 2040

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Performance

Trailing returns

1 day   +1.64%
   
1 week   +3.11%
   
4 week
   
-3.74%  
3 month
   
-2.83%  
YTD   +1.98%
   
1 year   +5.60%
   
3 years*   +12.34%
   
5 years*   +9.59%
   
*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 Below Average
10 years Average Average
Overall Average Average
Morningstar style  Learn more
      Large
      Mid
      Small
Value Blend Growth  

Key statistics

Total assets6.89B 
Front load-  
Deferred load-  
Expense ratio0.78%  
Management fee-  
Fund familyFidelity Investments 

Asset allocation

Cash3.27%  
Stocks88.83%  
Bonds7.19%  
Preferred0.63%  
Convertible0.06%  
Other0.02%  

Purchase information

Initial$2,500  
IRA Initial$500  
AIP Initial$2,500  
AIP Additional$200  
9.21-0.06(-0.65%)
Oct 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 DE 02210, USA
1-800-387-8092 (Fax)

Risk

  1 year 3 years 5 years 10 years  
Alpha* -0.85 -0.75 -2.66 -2.88
Beta* 1.36 1.36 1.47 1.49
Mean annual return 0.87 1.26 0.90 0.62
R-squared* 92.29 96.87 97.72 97.22
Standard deviation 8.46 10.05 12.75 14.69
Sharpe ratio 1.23 1.49 0.84 0.40
* Against standard index

Top 10 holdings