Fidelity Freedom Blend 2040 Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.4%
1 yr return
14.5%
3 Yr Avg Return
2.0%
5 Yr Avg Return
8.3%
Net Assets
$2.13 B
Holdings in Top 10
79.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.73%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FHDEX - Profile
Distributions
- YTD Total Return 3.4%
- 3 Yr Annualized Total Return 2.0%
- 5 Yr Annualized Total Return 8.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.39%
- Dividend Yield 3.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameFidelity Freedom Blend 2040 Fund
-
Fund Family NameFidelity Investments
-
Inception DateSep 06, 2018
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrett Sumsion
Fund Description
FHDEX - Performance
Return Ranking - Trailing
Period | FHDEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | 1.9% | 10.4% | 64.92% |
1 Yr | 14.5% | 8.5% | 19.9% | 46.60% |
3 Yr | 2.0%* | -2.2% | 5.1% | 68.82% |
5 Yr | 8.3%* | 4.8% | 9.7% | 22.70% |
10 Yr | N/A* | 4.7% | 8.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | FHDEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.6% | 9.0% | 18.3% | 8.38% |
2022 | -23.8% | -60.3% | -15.8% | 57.59% |
2021 | 6.9% | -6.3% | 17.5% | 52.75% |
2020 | 11.8% | 3.3% | 14.9% | 33.53% |
2019 | 22.2% | 6.0% | 22.6% | 4.91% |
Total Return Ranking - Trailing
Period | FHDEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | 1.9% | 10.4% | 64.92% |
1 Yr | 14.5% | 8.5% | 19.9% | 46.60% |
3 Yr | 2.0%* | -2.2% | 5.1% | 68.82% |
5 Yr | 8.3%* | 4.8% | 9.7% | 22.70% |
10 Yr | N/A* | 4.7% | 8.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FHDEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.6% | 11.9% | 37.9% | 28.80% |
2022 | -19.3% | -29.4% | -2.8% | 89.53% |
2021 | 15.9% | 8.3% | 22.1% | 58.24% |
2020 | 17.5% | 8.2% | 22.1% | 32.35% |
2019 | 26.2% | 19.6% | 40.1% | 22.70% |
NAV & Total Return History
FHDEX - Holdings
Concentration Analysis
FHDEX | Category Low | Category High | FHDEX % Rank | |
---|---|---|---|---|
Net Assets | 2.13 B | 2.51 M | 82.6 B | 36.46% |
Number of Holdings | 46 | 3 | 584 | 5.21% |
Net Assets in Top 10 | 1.68 B | 2.64 M | 79.5 B | 36.46% |
Weighting of Top 10 | 79.04% | 41.7% | 100.8% | 60.43% |
Top 10 Holdings
- Fidelity Series Large Cap Value Index Fund 13.10%
- Fidelity Series Blue Chip Growth Fund 10.90%
- Fidelity Series Emerging Markets Opportunities Fund 10.49%
- Fidelity Series Large Cap Stock Fund 7.29%
- Fidelity Series Large Cap Growth Index Fund 6.82%
- Fidelity Series International Growth Fund 6.68%
- Fidelity Series Overseas Fund 6.65%
- Fidelity Series International Value Fund 6.57%
- Fidelity Series Long-Term Treasury Bond Index Fund 5.78%
- Fidelity Series Value Discovery Fund 4.76%
Asset Allocation
Weighting | Return Low | Return High | FHDEX % Rank | |
---|---|---|---|---|
Stocks | 99.60% | 0.00% | 100.08% | 50.00% |
Cash | 0.21% | 0.00% | 12.43% | 53.13% |
Bonds | 0.17% | 0.00% | 32.32% | 26.56% |
Other | 0.11% | -0.01% | 3.39% | 20.31% |
Convertible Bonds | 0.06% | 0.00% | 0.98% | 88.02% |
Preferred Stocks | 0.00% | 0.00% | 0.12% | 55.73% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FHDEX % Rank | |
---|---|---|---|---|
Technology | 18.70% | 13.94% | 24.03% | 55.73% |
Financial Services | 18.05% | 13.11% | 18.83% | 7.81% |
Industrials | 11.66% | 9.02% | 12.29% | 20.83% |
Consumer Cyclical | 11.43% | 8.05% | 13.32% | 38.02% |
Healthcare | 11.16% | 10.75% | 14.53% | 92.71% |
Communication Services | 7.34% | 5.69% | 10.24% | 45.31% |
Basic Materials | 6.12% | 3.14% | 6.86% | 10.94% |
Consumer Defense | 5.55% | 4.68% | 11.06% | 84.90% |
Energy | 5.51% | 2.33% | 6.31% | 8.85% |
Utilities | 2.32% | 1.90% | 8.13% | 88.54% |
Real Estate | 2.18% | 1.87% | 10.11% | 91.15% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FHDEX % Rank | |
---|---|---|---|---|
US | 99.60% | 0.00% | 100.08% | 50.00% |
Non US | 0.00% | 0.00% | 33.48% | 59.38% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FHDEX % Rank | |
---|---|---|---|---|
Government | 53.02% | 13.41% | 62.05% | 8.33% |
Corporate | 11.95% | 4.05% | 50.07% | 84.38% |
Securitized | 4.43% | 0.00% | 36.42% | 87.50% |
Cash & Equivalents | 0.21% | 0.00% | 49.63% | 47.40% |
Derivative | 0.11% | -0.01% | 15.10% | 14.06% |
Municipal | 0.03% | 0.00% | 4.64% | 80.73% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FHDEX % Rank | |
---|---|---|---|---|
US | 0.17% | 0.00% | 29.10% | 26.56% |
Non US | 0.00% | 0.00% | 7.44% | 57.29% |
FHDEX - Expenses
Operational Fees
FHDEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.73% | 0.06% | 8.36% | 54.97% |
Management Fee | 0.48% | 0.00% | 0.87% | 84.13% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 43.30% |
Administrative Fee | N/A | 0.01% | 0.29% | N/A |
Sales Fees
FHDEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 3.50% | 5.75% | 33.33% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
FHDEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FHDEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 22.00% | 2.00% | 112.00% | 51.72% |
FHDEX - Distributions
Dividend Yield Analysis
FHDEX | Category Low | Category High | FHDEX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.99% | 0.00% | 8.90% | 73.96% |
Dividend Distribution Analysis
FHDEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
FHDEX | Category Low | Category High | FHDEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.39% | -0.21% | 4.18% | 38.50% |
Capital Gain Distribution Analysis
FHDEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Semi-Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.193 | OrdinaryDividend |
Dec 30, 2022 | $0.250 | OrdinaryDividend |
FHDEX - Fund Manager Analysis
Managers
Brett Sumsion
Start Date
Tenure
Tenure Rank
Aug 31, 2018
3.75
3.8%
Brett Sumsion is co-manager of each fund, which he has managed since January 2014 (other than Fidelity Freedom® Index 2060 Fund and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2060 Fund since August 2014 and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2014, Mr. Sumsion has worked as a portfolio manager. Mr. Sumsion earned his bachelor of arts degree from Brigham Young University and his MBA from The Wharton School at the University of Pennsylvania. He is a CFA charterholder.
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Aug 31, 2018
3.75
3.8%
Andrew Dierdorf is co-manager of each fund, which he has managed since October 2009 (other than Fidelity Freedom® Index 2055 Fund, Fidelity Freedom® Index 2060 Fund, and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2055 Fund since June 2011, Fidelity Freedom® Index 2060 Fund since August 2014, and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Dierdorf has worked as a portfolio manager.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 17.59 | 5.82 | 2.41 |