Fidelity Freedom 2040 Fund
Name
As of 07/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.1%
1 yr return
13.6%
3 Yr Avg Return
3.5%
5 Yr Avg Return
9.8%
Net Assets
$27.6 B
Holdings in Top 10
71.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 29.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 07/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FSNVX - Profile
Distributions
- YTD Total Return 9.1%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 9.8%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 2.20%
- Dividend Yield 2.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity Freedom 2040 Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateJul 25, 2017
-
Shares OutstandingN/A
-
Share ClassK
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Dierdorf
Fund Description
FSNVX - Performance
Return Ranking - Trailing
Period | FSNVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.1% | 6.8% | 17.7% | 45.50% |
1 Yr | 13.6% | 9.9% | 20.8% | 35.98% |
3 Yr | 3.5%* | -1.5% | 6.1% | 32.80% |
5 Yr | 9.8%* | 5.5% | 10.4% | 4.32% |
10 Yr | N/A* | 4.8% | 9.0% | 19.84% |
* Annualized
Return Ranking - Calendar
Period | FSNVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.9% | 9.0% | 18.3% | 4.79% |
2022 | -26.9% | -60.3% | -15.8% | 86.70% |
2021 | 3.7% | -6.3% | 17.5% | 71.51% |
2020 | 11.1% | 3.3% | 14.9% | 45.51% |
2019 | 17.0% | 6.0% | 22.6% | 60.00% |
Total Return Ranking - Trailing
Period | FSNVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.1% | 6.8% | 17.7% | 45.50% |
1 Yr | 13.6% | 9.9% | 20.8% | 35.98% |
3 Yr | 3.5%* | -1.5% | 6.1% | 32.80% |
5 Yr | 9.8%* | 5.5% | 10.4% | 4.32% |
10 Yr | N/A* | 4.8% | 9.0% | 18.55% |
* Annualized
Total Return Ranking - Calendar
Period | FSNVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.1% | 11.9% | 37.9% | 20.21% |
2022 | -18.1% | -29.4% | -2.8% | 69.68% |
2021 | 16.5% | 8.3% | 22.1% | 34.64% |
2020 | 18.4% | 8.2% | 22.1% | 16.77% |
2019 | 25.5% | 19.6% | 40.1% | 34.38% |
NAV & Total Return History
FSNVX - Holdings
Concentration Analysis
FSNVX | Category Low | Category High | FSNVX % Rank | |
---|---|---|---|---|
Net Assets | 27.6 B | 5.3 M | 82.6 B | 8.99% |
Number of Holdings | 43 | 3 | 592 | 6.88% |
Net Assets in Top 10 | 20.7 B | 6.7 M | 85 B | 10.58% |
Weighting of Top 10 | 71.90% | 41.9% | 129.0% | 81.82% |
Top 10 Holdings
- Fidelity Series Emerging Markets Opportunities Fund 10.11%
- FIDELITY SERIES GROWTH COMPANY FUND 8.89%
- Fidelity Series Large Cap Stock Fund 8.52%
- Fidelity Series International Value Fund 7.61%
- Fidelity Series Overseas Fund 7.50%
- Fidelity Series International Growth Fund 7.49%
- Fidelity Series Stock Selector Large Cap Value Fund 5.96%
- Fidelity Series Opportunistic Insights Fund 5.33%
- Fidelity Series Value Discovery Fund 5.27%
- Fidelity Series Long-Term Treasury Bond Index Fund 5.22%
Asset Allocation
Weighting | Return Low | Return High | FSNVX % Rank | |
---|---|---|---|---|
Stocks | 99.78% | 0.00% | 100.78% | 51.32% |
Bonds | 0.14% | 0.00% | 16.22% | 11.64% |
Cash | 0.11% | 0.00% | 30.99% | 54.50% |
Convertible Bonds | 0.07% | 0.00% | 0.98% | 82.54% |
Other | 0.02% | -0.01% | 3.91% | 22.22% |
Preferred Stocks | 0.00% | 0.00% | 0.03% | 9.52% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FSNVX % Rank | |
---|---|---|---|---|
Financial Services | 18.83% | 13.11% | 18.83% | 2.12% |
Technology | 17.55% | 13.94% | 24.03% | 85.19% |
Industrials | 12.06% | 9.02% | 12.29% | 7.94% |
Healthcare | 11.60% | 10.75% | 14.53% | 87.30% |
Consumer Cyclical | 11.31% | 8.05% | 13.32% | 44.97% |
Communication Services | 6.85% | 5.69% | 10.24% | 68.25% |
Basic Materials | 6.49% | 3.14% | 6.86% | 4.76% |
Energy | 5.97% | 2.33% | 6.31% | 4.76% |
Consumer Defense | 5.42% | 4.68% | 11.06% | 90.48% |
Utilities | 2.01% | 1.90% | 8.13% | 99.47% |
Real Estate | 1.90% | 1.87% | 10.11% | 99.47% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FSNVX % Rank | |
---|---|---|---|---|
US | 99.78% | 0.00% | 100.78% | 51.32% |
Non US | 0.00% | 0.00% | 31.64% | 15.34% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FSNVX % Rank | |
---|---|---|---|---|
Government | 47.31% | 13.41% | 62.05% | 25.93% |
Corporate | 11.66% | 4.05% | 50.07% | 88.89% |
Securitized | 3.40% | 0.00% | 36.42% | 94.71% |
Cash & Equivalents | 0.11% | 0.00% | 49.63% | 49.74% |
Municipal | 0.08% | 0.00% | 4.64% | 67.20% |
Derivative | 0.02% | -0.01% | 0.18% | 12.17% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FSNVX % Rank | |
---|---|---|---|---|
US | 0.14% | 0.00% | 15.24% | 11.64% |
Non US | 0.00% | 0.00% | 1.18% | 10.58% |
FSNVX - Expenses
Operational Fees
FSNVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.63% | 0.01% | 8.36% | 65.61% |
Management Fee | 0.63% | 0.00% | 0.87% | 92.47% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.29% | N/A |
Sales Fees
FSNVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
FSNVX 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.
FSNVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 29.00% | 2.00% | 112.00% | 71.93% |
FSNVX - Distributions
Dividend Yield Analysis
FSNVX | Category Low | Category High | FSNVX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.66% | 0.00% | 8.83% | 79.37% |
Dividend Distribution Analysis
FSNVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
FSNVX | Category Low | Category High | FSNVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.20% | -0.21% | 4.18% | 9.78% |
Capital Gain Distribution Analysis
FSNVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | Semi-Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.152 | OrdinaryDividend |
Dec 28, 2023 | $0.007 | CapitalGainShortTerm |
May 12, 2023 | $0.035 | CapitalGainLongTerm |
Dec 29, 2022 | $0.344 | OrdinaryDividend |
May 06, 2022 | $0.759 | OrdinaryDividend |
Dec 30, 2021 | $0.882 | OrdinaryDividend |
May 14, 2021 | $0.595 | CapitalGainLongTerm |
Dec 30, 2020 | $0.392 | OrdinaryDividend |
May 08, 2020 | $0.282 | OrdinaryDividend |
Dec 30, 2019 | $0.165 | OrdinaryDividend |
Dec 30, 2019 | $0.029 | CapitalGainShortTerm |
Dec 30, 2019 | $0.103 | CapitalGainLongTerm |
May 10, 2019 | $0.003 | CapitalGainShortTerm |
May 10, 2019 | $0.415 | CapitalGainLongTerm |
Dec 28, 2018 | $0.055 | CapitalGainShortTerm |
Dec 28, 2018 | $0.221 | CapitalGainLongTerm |
Dec 28, 2018 | $0.159 | OrdinaryDividend |
May 11, 2018 | $0.003 | CapitalGainShortTerm |
May 11, 2018 | $0.291 | CapitalGainLongTerm |
Dec 28, 2017 | $0.137 | OrdinaryDividend |
Dec 28, 2017 | $0.047 | CapitalGainShortTerm |
Dec 28, 2017 | $0.147 | CapitalGainLongTerm |
FSNVX - Fund Manager Analysis
Managers
Andrew Dierdorf
Start Date
Tenure
Tenure Rank
Jun 30, 2011
10.93
10.9%
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.
Brett Sumsion
Start Date
Tenure
Tenure Rank
Jan 21, 2014
8.36
8.4%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 17.59 | 5.83 | 2.41 |