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Fidelity Freedom Index 2040 Investor FBIFX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 23.69  /  +0.59 %
  • Total Assets 20.4 Bil
  • Adj. Expense Ratio
    0.120%
  • Expense Ratio 0.120%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Target-Date 2040
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity High/Extensive
  • Status Open
  • TTM Yield 1.92%
  • Turnover 16%

USD | NAV as of Jun 01, 2024 | 1-Day Return as of Jun 01, 2024, 12:15 AM GMT+0

Morningstar’s Analysis FBIFX

Will FBIFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FBIFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FBIFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FBIFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A simple, low-cost investment that benefits from Fidelity’s retirement research engine.

Analyst Hyunmin Kim

Hyunmin Kim

Analyst

Summary

Fidelity Freedom Index target-date series offers a simplified, cheaper version of the firm’s best thinking around retirement. Continued strength from the topnotch resources at the managers’ disposal also warrant a People Pillar upgrade to High from Above Average.

by Hyunmin Kim
Rated on Published on

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Portfolio Holdings FBIFX

More FBIFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 100.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Series Total Market Index

50.41 10.3 Bil
—

Fidelity Series Global ex US Index

34.31 7.0 Bil
—

Fidelity Series Bond Index

8.43 1.7 Bil
—

Fidelity Series Long-Term Trs Bd Idx

4.84 987.0 Mil
—

Ser Int Dev Mkt Bond Indx

1.98 403.5 Mil
—

Cash

0.03 6.6 Mil
Cash and Equivalents