- ISIN
- US3157927217
- Issuer
- Fidelity
- Inception Date
- Jul 24, 2003
- Category
- Target Retirement Date
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FCFFX Performance Chart
Fidelity Advisor Freedom 2040 Fund Class C (FCFFX) is up 10.6% since the beginning of the year. FCFFX is currently trading at $18 per share. Investors who bought $1,000 worth of FCFFX shares 5 years ago would now be looking at an investment worth $1,463.
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Returns By Period
Fidelity Advisor Freedom 2040 Fund Class C (FCFFX) has returned 10.56% so far this year and 24.33% over the past 12 months. Over the last ten years, FCFFX has returned 10.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Fidelity Advisor Freedom 2040 Fund Class C
- 1D
- 0.49%
- 1M
- 4.05%
- YTD
- 10.56%
- 6M
- 11.91%
- 1Y
- 24.33%
- 3Y*
- 17.26%
- 5Y*
- 7.91%
- 10Y*
- 10.55%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FCFFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 8, 2003, FCFFX's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +11.6%, while the worst month was Oct 2008 at -18.3%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FCFFX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +9.7%, while the worst single day was Jul 24, 2003 at -13.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.07% | 2.15% | -5.94% | 7.98% | 2.72% | 0.65% | 10.56% | ||||||
| 2025 | 3.43% | 0.00% | -2.82% | 0.63% | 5.05% | 4.33% | 0.66% | 1.97% | 2.93% | 1.37% | 0.00% | 1.28% | 20.23% |
| 2024 | 0.14% | 4.02% | 3.13% | -3.62% | 4.02% | 1.10% | 1.86% | 2.14% | 1.91% | -2.54% | 2.85% | -3.42% | 11.76% |
| 2023 | 7.53% | -3.39% | 2.10% | 1.07% | -1.36% | 4.59% | 3.07% | -2.84% | -4.02% | -3.12% | 8.25% | 5.38% | 17.50% |
| 2022 | -4.45% | -2.92% | 0.51% | -7.77% | 0.96% | -8.28% | 6.02% | -3.53% | -9.31% | 5.26% | 8.50% | -3.90% | -18.93% |
| 2021 | -0.12% | 3.05% | 1.99% | 3.84% | 1.89% | 0.70% | 0.06% | 2.21% | -3.76% | 4.56% | -3.23% | 3.16% | 14.90% |
Benchmark Metrics
Fidelity Advisor Freedom 2040 Fund Class C has an annualized alpha of -1.10%, beta of 0.81, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since January 09, 2003.
- This fund participated in 93.61% of S&P 500 Index downside but only 81.47% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.10%
- Beta
- 0.81
- R²
- 0.89
- Upside Capture
- 81.47%
- Downside Capture
- 93.61%
Expense Ratio
FCFFX has a high expense ratio of 1.75%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FCFFX ranks 54 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Freedom 2040 Fund Class C (FCFFX) and compare them to S&P 500 Index.
| FCFFX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.16 | 2.24 | -0.08 |
Sortino ratioReturn per unit of downside risk | 3.02 | 3.07 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.93 | -0.17 |
Martin ratioReturn relative to average drawdown | 11.97 | 13.52 | -1.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Advisor Freedom 2040 Fund Class C provided a 7.72% dividend yield over the last twelve months, with an annual payout of $1.43 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.43 | $1.23 | $0.34 | $0.10 | $1.31 | $1.60 | $0.89 | $0.97 | $1.45 | $0.73 | $0.58 | $0.52 |
Dividend yield | 7.72% | 6.99% | 2.18% | 0.70% | 10.63% | 9.51% | 5.52% | 6.57% | 11.46% | 4.73% | 4.30% | 3.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Freedom 2040 Fund Class C. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $0.00 | $0.98 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $1.23 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.34 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $1.31 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $1.60 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Freedom 2040 Fund Class C. 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 C was 56.57%, occurring on Mar 9, 2009. Recovery took 1054 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -56.57%Mar 2009 | 1y 4mo | 4y 2mo | 5y 6moNov 2007 - May 2013 |
COVID crash2020 | -31.31%Mar 2020 | 2mo 2d | 5mo 4d | 7mo 6dJan 2020 - Aug 2020 |
Bear market2022 | -27.88%Oct 2022 | 11mo 9d | 1y 7mo | 2y 6moNov 2021 - May 2024 |
2016 correction2016 | -19.05%Feb 2016 | 8mo 25d | 10mo 28d | 1y 7moMay 2015 - Jan 2017 |
Rate-hike selloffLate 2018 | -18.73%Dec 2018 | 10mo 29d | 7mo 2d | 1y 5moJan 2018 - Jul 2019 |
Drawdown Indicators
| FCFFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.57% | -56.78% | +0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -9.10% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -13.92% | -18.90% | +4.98% |
Max Drawdown (5Y)Largest decline over 5 years | -27.88% | -25.43% | -2.45% |
Max Drawdown (10Y)Largest decline over 10 years | -31.31% | -33.92% | +2.61% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -10.72% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.97% | +0.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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