Fidelity Freedom Index stands out for its robust, research-driven approach and deep global asset-allocation team. The series also comes at an extremely attractive price. It earns a Morningstar Analyst Rating of Silver across each of its three share classes.
Fidelity Freedom® Index 2040 Investor FBIFX
NAV / 1-Day Return
21.32
/
0.93
%
Total Assets
10.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.120%
Expense Ratio
0.120%
Fee Level
Low
Longest Manager Tenure
11.42
years
Category
Target-Date 2040
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
High / ExtensiveStatus
Open
TTM Yield
1.37%
Turnover
78%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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 thoughtful approach at a low cost makes this a strong choice for target-date investors.
