- ISIN
- US3157948007
- Issuer
- Fidelity
- Inception Date
- Jun 6, 2017
- 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
FKGLX Performance Chart
Fidelity Advisor Freedom 2040 Fund Class Z6 (FKGLX) is up 12.0% since the beginning of the year. FKGLX is currently trading at $20 per share. Investors who bought $1,000 worth of FKGLX shares 5 years ago would now be looking at an investment worth $1,633.
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Returns By Period
Fidelity Advisor Freedom 2040 Fund Class Z6 (FKGLX) has returned 11.99% so far this year and 26.51% over the past 12 months.
Fidelity Advisor Freedom 2040 Fund Class Z6
- 1D
- 1.31%
- 1M
- 2.92%
- YTD
- 11.99%
- 6M
- 12.04%
- 1Y
- 26.51%
- 3Y*
- 19.15%
- 5Y*
- 10.31%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FKGLX Monthly Returns History
Based on dividend-adjusted daily data since Jun 15, 2017, FKGLX's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 69% of months were positive and 31% were negative. The best month was Nov 2020 with a return of +11.7%, while the worst month was Mar 2020 at -13.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FKGLX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +7.3%, while the worst single day was Mar 16, 2020 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.19% | 2.27% | -5.89% | 8.08% | 2.83% | 1.47% | 11.99% | ||||||
| 2025 | 3.53% | 0.12% | -2.71% | 0.77% | 5.16% | 4.40% | 0.79% | 2.06% | 3.00% | 1.48% | 0.10% | 1.41% | 21.77% |
| 2024 | 0.26% | 4.13% | 3.27% | -3.53% | 4.11% | 1.22% | 1.93% | 2.24% | 2.08% | -2.49% | 3.02% | -0.73% | 16.27% |
| 2023 | 7.62% | -3.29% | 2.22% | 1.16% | -1.29% | 4.78% | 3.18% | -2.75% | -3.86% | -3.08% | 8.43% | 5.46% | 19.02% |
| 2022 | -4.31% | -2.85% | 0.67% | -7.70% | 1.01% | -8.15% | 6.10% | -3.42% | -9.19% | 5.31% | 8.66% | -3.79% | -17.89% |
| 2021 | -0.00% | 3.10% | 2.14% | 3.97% | 1.98% | 0.84% | 0.11% | 2.33% | -3.63% | 4.61% | -3.12% | 3.27% | 16.35% |
Benchmark Metrics
Fidelity Advisor Freedom 2040 Fund Class Z6 has an annualized alpha of 0.81%, beta of 0.80, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since June 15, 2017.
- This fund participated in 86.59% of S&P 500 Index downside but only 82.23% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.81%
- Beta
- 0.80
- R²
- 0.91
- Upside Capture
- 82.23%
- Downside Capture
- 86.59%
Expense Ratio
FKGLX has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FKGLX ranks 66 for risk / return — better than 66% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Freedom 2040 Fund Class Z6 (FKGLX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FKGLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.78 | +0.21 |
| Martin ratioReturn relative to average drawdown | 12.79 | 12.44 | +0.35 |
Dividends
Dividend History
Fidelity Advisor Freedom 2040 Fund Class Z6 provided a 7.91% dividend yield over the last twelve months, with an annual payout of $1.59 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.59 | $1.39 | $0.96 | $0.24 | $1.48 | $1.79 | $1.04 | $1.14 | $1.61 | $0.42 |
Dividend yield | 7.91% | 7.40% | 5.77% | 1.58% | 11.37% | 10.16% | 6.18% | 7.47% | 12.35% | 2.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Freedom 2040 Fund Class Z6. 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 | $0.61 | $1.39 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.96 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $1.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $1.48 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $1.79 |
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 Z6. 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 Z6 was 31.23%, occurring on Mar 23, 2020. Recovery took 99 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -31.23%Mar 2020 | 1mo 2d | 4mo 22d | 5mo 24dFeb 2020 - Aug 2020 |
Bear market2022 | -27.05%Oct 2022 | 11mo 9d | 1y 4mo | 2y 3moNov 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -17.75%Dec 2018 | 10mo 29d | 4mo 10d | 1y 3moJan 2018 - May 2019 |
2025 selloff2025 | -13.78%Apr 2025 | 1mo 18d | 1mo 7d | 2mo 25dFeb 2025 - May 2025 |
2026 pullback2026 | -8.82%Mar 2026 | 1mo 2d | 16d | 1mo 18dFeb 2026 - Apr 2026 |
Drawdown Indicators
| FKGLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.23% | -56.78% | +25.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -9.10% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -13.78% | -18.90% | +5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -25.43% | -1.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -10.71% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.03% | +0.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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