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.
Fidelity Advisor Freedom® 2040 M FTFFX
NAV / 1-Day Return
16.79
/
0.47
%
Total Assets
2.9 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.
1.250%
Expense Ratio
1.250%
Fee Level
High
Longest Manager Tenure
10.56
years
Category
Target-Date 2040
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Medium / ExtensiveStatus
Open
TTM Yield
1.61%
Turnover
25%
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 FTFFX 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 FTFFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FTFFX 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 FTFFX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Strategic Asset Allocation Updates Coming to the Fidelity Advisor Freedom Target-Date Series
