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Fidelity Freedom® Index 2040 Investor FBIFX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
23.33  /  0.21 %
Total Assets
12.8 Bil
Adj. Expense Ratio
0.120%
Expense Ratio
0.120%
Fee Level
Low
Longest Manager Tenure
11.84 years
Category
Target-Date 2040
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
High / Extensive
Status
Open
TTM Yield
1.23%
Turnover
20%

USD | NAV as of Aug 05, 2021 | 1-Day Return as of Aug 05, 2021, 2:58 AM GMT+00:00

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Morningstar’s Analysis

Will FBIFX outperform in future?

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

Process Pillar

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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

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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

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

Strategic Asset Allocation Updates Coming to the Fidelity Freedom Index Target-Date Series

Analyst

Analyst Note

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Fidelity announced upcoming changes to the Fidelity Freedom Index target-date series’ strategic asset allocation on July 13, 2021. The changes focus on the series’ fixed-income exposure and build on the asset-allocation team’s prior adjustments implemented in 2018 and 2019 to improve diversification across the glide path. This glide path update does not affect our current ratings.

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