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Fidelity Advisor Freedom 2040 Fund Class A (FAFFX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS3157927472
IssuerFidelity
Inception DateJul 24, 2003
CategoryTarget Retirement Date
Asset ClassMulti-Asset

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

FAFFX has a high expense ratio of 1.00%, indicating higher-than-average management fees.


Expense ratio chart for FAFFX: current value at 1.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.00%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons: FAFFX vs. FCFFX, FAFFX vs. VTI, FAFFX vs. FDETX, FAFFX vs. QQQ, FAFFX vs. ABALX, FAFFX vs. FELIX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Freedom 2040 Fund Class A, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
8.25%
14.38%
FAFFX (Fidelity Advisor Freedom 2040 Fund Class A)
Benchmark (^GSPC)

Returns By Period

Fidelity Advisor Freedom 2040 Fund Class A had a return of 16.35% year-to-date (YTD) and 27.43% in the last 12 months. Over the past 10 years, Fidelity Advisor Freedom 2040 Fund Class A had an annualized return of 3.79%, while the S&P 500 had an annualized return of 11.43%, indicating that Fidelity Advisor Freedom 2040 Fund Class A did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date16.35%25.82%
1 month0.46%3.20%
6 months8.79%14.94%
1 year27.43%35.92%
5 years (annualized)4.76%14.22%
10 years (annualized)3.79%11.43%

Monthly Returns

The table below presents the monthly returns of FAFFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.20%4.03%3.24%-3.57%3.64%1.17%1.89%2.21%2.04%-2.52%16.35%
20237.51%-3.24%2.16%1.09%-1.30%4.67%3.21%-2.84%-3.97%-3.12%8.38%5.44%18.35%
2022-4.39%-2.87%0.61%-7.70%-7.28%-8.21%6.07%-3.45%-9.26%5.27%8.66%-3.87%-24.99%
2021-0.06%3.12%2.10%3.88%-2.74%0.79%0.11%2.24%-3.66%4.60%-3.15%0.04%7.06%
2020-1.64%-6.41%-13.84%9.35%0.30%3.55%4.88%5.07%-2.45%-1.49%11.63%3.46%10.18%
20197.80%2.79%1.18%3.44%-9.99%5.99%0.07%-1.95%1.42%2.73%2.73%2.32%18.91%
20185.20%-3.98%-1.44%0.32%-3.24%0.07%2.30%1.22%0.00%-7.29%1.23%-11.09%-16.45%
20172.63%2.85%0.90%1.72%0.07%0.61%2.35%0.26%1.83%1.80%1.51%-1.27%16.27%
2016-5.72%-0.88%6.68%1.43%-2.46%-0.61%3.91%0.66%0.66%-1.90%1.49%1.40%4.22%
2015-1.63%5.26%-0.89%1.52%0.93%-1.59%0.84%-6.12%-3.33%6.44%0.07%-3.13%-2.29%
2014-3.14%4.60%-0.21%0.00%1.95%2.34%-2.08%2.95%-2.60%1.71%1.21%0.33%6.97%
20133.83%-0.00%2.41%1.62%0.55%-2.09%4.20%-1.54%3.65%2.73%1.61%3.24%21.90%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FAFFX is 65, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of FAFFX is 6565
Combined Rank
The Sharpe Ratio Rank of FAFFX is 6969Sharpe Ratio Rank
The Sortino Ratio Rank of FAFFX is 6666Sortino Ratio Rank
The Omega Ratio Rank of FAFFX is 6363Omega Ratio Rank
The Calmar Ratio Rank of FAFFX is 5252Calmar Ratio Rank
The Martin Ratio Rank of FAFFX is 7676Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


FAFFX
Sharpe ratio
The chart of Sharpe ratio for FAFFX, currently valued at 2.63, compared to the broader market0.002.004.002.63
Sortino ratio
The chart of Sortino ratio for FAFFX, currently valued at 3.65, compared to the broader market0.005.0010.003.65
Omega ratio
The chart of Omega ratio for FAFFX, currently valued at 1.49, compared to the broader market1.002.003.004.001.49
Calmar ratio
The chart of Calmar ratio for FAFFX, currently valued at 1.23, compared to the broader market0.005.0010.0015.0020.0025.001.23
Martin ratio
The chart of Martin ratio for FAFFX, currently valued at 17.40, compared to the broader market0.0020.0040.0060.0080.00100.0017.40
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 3.08, compared to the broader market0.002.004.003.08
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 4.10, compared to the broader market0.005.0010.004.10
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.58, compared to the broader market1.002.003.004.001.58
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 4.48, compared to the broader market0.005.0010.0015.0020.0025.004.48
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 20.05, compared to the broader market0.0020.0040.0060.0080.00100.0020.05

Sharpe Ratio

The current Fidelity Advisor Freedom 2040 Fund Class A Sharpe ratio is 2.63. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Fidelity Advisor Freedom 2040 Fund Class A with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.63
3.08
FAFFX (Fidelity Advisor Freedom 2040 Fund Class A)
Benchmark (^GSPC)

Dividends

Dividend History

Fidelity Advisor Freedom 2040 Fund Class A provided a 0.96% dividend yield over the last twelve months, with an annual payout of $0.17 per share.


0.00%2.00%4.00%6.00%8.00%$0.00$0.20$0.40$0.60$0.80$1.00$1.2020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.17$0.17$0.23$0.34$0.11$0.17$0.23$0.15$0.17$0.53$1.18$1.15

Dividend yield

0.96%1.12%1.77%1.92%0.67%1.12%1.75%0.95%1.26%3.97%8.36%8.00%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity Advisor Freedom 2040 Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.17$0.17
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.23$0.23
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.34$0.34
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.11$0.11
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.17$0.17
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.23$0.23
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.15$0.15
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.17$0.17
2015$0.00$0.00$0.00$0.00$0.35$0.00$0.00$0.00$0.00$0.00$0.00$0.18$0.53
2014$0.00$0.00$0.00$0.00$0.23$0.00$0.00$0.00$0.00$0.00$0.00$0.96$1.18
2013$0.52$0.00$0.00$0.00$0.00$0.00$0.00$0.63$1.15

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.12%
0
FAFFX (Fidelity Advisor Freedom 2040 Fund Class A)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity Advisor Freedom 2040 Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Advisor Freedom 2040 Fund Class A was 54.44%, occurring on Mar 9, 2009. Recovery took 541 trading sessions.

The current Fidelity Advisor Freedom 2040 Fund Class A drawdown is 2.12%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-54.44%Nov 1, 2007338Mar 9, 2009541Apr 29, 2011879
-35.41%Nov 9, 2021235Oct 14, 2022
-34.52%Jan 29, 2018541Mar 23, 2020172Nov 24, 2020713
-20.26%May 2, 2011108Oct 3, 2011234Sep 7, 2012342
-19.1%May 22, 2015183Feb 11, 2016253Feb 13, 2017436

Volatility

Volatility Chart

The current Fidelity Advisor Freedom 2040 Fund Class A volatility is 2.83%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.83%
3.89%
FAFFX (Fidelity Advisor Freedom 2040 Fund Class A)
Benchmark (^GSPC)