Morningstar

Fidelity Freedom Index 2040 Fund - Premier II Class FAVOX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 31.65  /  +0.25 %
  • Total Assets 34.9B
  • Adj. Expense Ratio
    0.040%
  • Expense Ratio 0.040%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Target-Date 2040
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity High/Extensive
  • Status Open
  • TTM Yield 1.98%
  • Turnover 13%

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 4:51 AM GMT+0

Morningstar’s Analysis FAVOX

Will FAVOX outperform in the 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 FAVOX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FAVOX 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 FAVOX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Fidelity’s formidable retirement engine at an affordable price.

Senior Analyst Hyunmin Kim

Hyunmin Kim

Senior Analyst

Summary

Well-resourced teams at Fidelity leave no stone unturned as they follow their measured, research-intensive process for the Fidelity Freedom Index target-date series.

by Hyunmin Kim
Rated on Published on

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Portfolio Holdings FAVOX

More FAVOX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 99.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Series Total Market Index

48.35 17B
—

Fidelity Series Global ex US Index

32.10 11B
—

Fidelity Series Bond Index

12.12 4B
—

Fidelity Series Long-Term Trs Bd Idx

4.45 2B
—

Fidelity Series Intl Dev Mkts Bd Idx

2.93 1B
—

Cash

0.05 17M
Cash and Equivalents

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