Fidelity Advisor Freedom 2040 Fund Class A (FAFFX)
The fund invests primarily in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity funds). The adviser allocates assets according to a neutral asset allocation strategy that adjusts over time until it reaches an allocation similar to that of the Fidelity Advisor Freedom Income Fund.
Fund Info
US3157927472
Jul 24, 2003
Large-Cap
Blend
Share Price Chart
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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.
Returns By Period
Fidelity Advisor Freedom 2040 Fund Class A had a return of 15.42% year-to-date (YTD) and 22.12% in the last 12 months. Over the past 10 years, Fidelity Advisor Freedom 2040 Fund Class A had an annualized return of 3.62%, while the S&P 500 had an annualized return of 11.25%, indicating that Fidelity Advisor Freedom 2040 Fund Class A did not perform as well as the benchmark.
FAFFX
15.42%
1.04%
6.47%
22.12%
4.23%
3.62%
^GSPC (Benchmark)
25.53%
3.09%
12.87%
31.32%
13.73%
11.25%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.20% | 4.03% | 3.24% | -3.57% | 3.64% | 1.17% | 1.89% | 2.21% | 2.04% | -2.52% | 15.42% | ||
| 2023 | 7.51% | -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% |
| 2019 | 7.80% | 2.79% | 1.18% | 3.44% | -9.99% | 5.99% | 0.07% | -1.95% | 1.42% | 2.73% | 2.73% | 2.32% | 18.91% |
| 2018 | 5.20% | -3.98% | -1.44% | 0.32% | -3.24% | 0.07% | 2.30% | 1.22% | 0.00% | -7.29% | 1.23% | -11.09% | -16.45% |
| 2017 | 2.63% | 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% |
| 2013 | 3.83% | -0.00% | 2.41% | 1.62% | 0.55% | -2.09% | 4.20% | -1.54% | 3.65% | 2.73% | 1.61% | 3.24% | 21.90% |
Expense Ratio
FAFFX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FAFFX is 57, 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.
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.
Dividends
Dividend History
Fidelity Advisor Freedom 2040 Fund Class A provided a 0.97% dividend yield over the last twelve months, with an annual payout of $0.17 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.97% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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 2.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -54.44% | Nov 1, 2007 | 338 | Mar 9, 2009 | 541 | Apr 29, 2011 | 879 |
| -35.41% | Nov 9, 2021 | 235 | Oct 14, 2022 | — | — | — |
| -34.52% | Jan 29, 2018 | 541 | Mar 23, 2020 | 172 | Nov 24, 2020 | 713 |
| -20.26% | May 2, 2011 | 108 | Oct 3, 2011 | 234 | Sep 7, 2012 | 342 |
| -19.1% | May 22, 2015 | 183 | Feb 11, 2016 | 253 | Feb 13, 2017 | 436 |
Volatility
Volatility Chart
The current Fidelity Advisor Freedom 2040 Fund Class A volatility is 2.94%, 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.