Fidelity Freedom Index 2040 Fund Investor Class (FBIFX)
The investment seeks high total return until its target retirement date; thereafter the fund's objective will be to seek high current income and, as a secondary objective, capital appreciation. The fund invests in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity funds), each of which (excluding any money market fund) seeks to provide investment results that correspond to the total return of a specific index.
Fund Info
| ISIN | US3157938859 |
|---|---|
| CUSIP | 315793885 |
| Issuer | Fidelity |
| Inception Date | Oct 2, 2009 |
| Category | Target Retirement Date |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
FBIFX has an expense ratio of 0.12%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: FBIFX vs. VFORX, FBIFX vs. FHARX, FBIFX vs. VTI, FBIFX vs. FFFFX, FBIFX vs. VOO, FBIFX vs. FNILX, FBIFX vs. IVV, FBIFX vs. FXAIX, FBIFX vs. AGTHX, FBIFX vs. FPURX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Freedom Index 2040 Fund Investor Class, 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 Freedom Index 2040 Fund Investor Class had a return of 16.14% year-to-date (YTD) and 28.25% in the last 12 months. Over the past 10 years, Fidelity Freedom Index 2040 Fund Investor Class had an annualized return of 7.01%, while the S&P 500 had an annualized return of 11.41%, indicating that Fidelity Freedom Index 2040 Fund Investor Class did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 16.14% | 25.70% |
| 1 month | 1.06% | 3.51% |
| 6 months | 9.42% | 14.80% |
| 1 year | 28.25% | 37.91% |
| 5 years (annualized) | 6.23% | 14.18% |
| 10 years (annualized) | 7.01% | 11.41% |
Monthly Returns
The table below presents the monthly returns of FBIFX, 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 | -0.09% | 3.60% | 2.83% | -3.55% | 3.96% | 1.56% | 2.20% | 2.16% | 2.11% | -2.46% | 16.14% | ||
| 2023 | 7.22% | -3.10% | 2.84% | 1.18% | -1.23% | 5.08% | 3.01% | -2.74% | -4.22% | -2.94% | 8.52% | 5.25% | 19.37% |
| 2022 | -4.43% | -2.65% | 1.23% | -7.76% | 0.26% | -7.57% | 6.51% | -3.89% | -9.17% | 5.25% | 8.20% | -4.10% | -18.26% |
| 2021 | -0.34% | 2.17% | 2.17% | 3.87% | 1.11% | 1.32% | 0.56% | 2.11% | -3.88% | 4.70% | -2.22% | 3.14% | 15.36% |
| 2020 | -0.88% | -6.52% | -12.76% | 9.95% | 3.98% | 2.90% | 4.72% | 5.22% | -2.72% | -2.15% | 11.36% | 4.13% | 15.68% |
| 2019 | 7.52% | 2.66% | 1.37% | 3.23% | -5.42% | 6.14% | 0.40% | -1.50% | 1.73% | 2.30% | 2.44% | -11.50% | 8.20% |
| 2018 | 4.71% | -3.84% | -1.37% | 0.43% | 1.21% | -0.16% | 2.68% | 1.64% | 0.10% | -7.04% | 1.68% | -6.80% | -7.25% |
| 2017 | 2.32% | 2.63% | 0.84% | 1.24% | 1.55% | 0.69% | 2.23% | 0.34% | 1.89% | 1.91% | 1.99% | 1.17% | 20.47% |
| 2016 | -4.91% | -0.57% | 6.61% | 1.13% | 0.77% | 0.13% | 3.59% | 0.38% | 0.50% | -1.88% | 1.91% | 1.69% | 9.32% |
| 2015 | -1.49% | 4.94% | -1.07% | 1.65% | 0.41% | -1.87% | 0.76% | -5.72% | -2.94% | 6.60% | -0.19% | -1.99% | -1.51% |
| 2014 | -3.15% | 4.56% | 0.33% | 0.59% | 1.92% | 2.02% | -1.73% | 2.93% | -2.78% | 1.63% | 1.53% | -1.12% | 6.63% |
| 2013 | 3.65% | 0.08% | 2.14% | 1.57% | 0.22% | -2.21% | 3.92% | -1.67% | 3.39% | 3.07% | 1.59% | 1.77% | 18.75% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FBIFX is 75, 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 Freedom Index 2040 Fund Investor Class (FBIFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Freedom Index 2040 Fund Investor Class provided a 1.76% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.44 | $0.37 | $0.36 | $0.29 | $0.33 | $0.38 | $0.33 | $0.31 | $0.30 | $0.51 | $0.02 |
Dividend yield | 1.76% | 1.97% | 1.97% | 1.53% | 1.41% | 1.82% | 2.20% | 1.73% | 1.93% | 2.02% | 3.28% | 0.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Freedom Index 2040 Fund Investor Class. 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 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.44 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.38 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.33 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.31 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.30 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.51 |
| 2013 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
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 Freedom Index 2040 Fund Investor Class. 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 Freedom Index 2040 Fund Investor Class was 38.83%, occurring on Mar 23, 2020. Recovery took 201 trading sessions.
The current Fidelity Freedom Index 2040 Fund Investor Class drawdown is 0.15%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.83% | Dec 30, 2019 | 58 | Mar 23, 2020 | 201 | Jan 7, 2021 | 259 |
| -26.32% | Nov 9, 2021 | 235 | Oct 14, 2022 | 345 | Mar 1, 2024 | 580 |
| -17.75% | May 2, 2011 | 108 | Oct 3, 2011 | 101 | Feb 28, 2012 | 209 |
| -16.88% | Jan 29, 2018 | 229 | Dec 24, 2018 | 81 | Apr 23, 2019 | 310 |
| -16.36% | May 22, 2015 | 183 | Feb 11, 2016 | 126 | Aug 11, 2016 | 309 |
Volatility
Volatility Chart
The current Fidelity Freedom Index 2040 Fund Investor Class volatility is 2.73%, 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.