Fidelity Advisor Freedom 2040 Fund
Fidelity Aberdeen Street Trust · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity Advisor Freedom 2040 Fund is a target-date 2040 fund.
- Asset class
- Target-date
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Target year
- 2040
- Features
- Fund of funds
Fund profile
As filed in the prospectus · 2026 Q2
Fidelity Advisor Freedom 2040 Fund seeks high total return with a
The fund invests in a mix of Fidelity U.S. equity, international equity, bond, and short-term funds according to a glide path that shifts the allocation progressively toward a more conservative mix, reaching a target allocation approximately 15 to 20 years after 2040. The adviser may actively adjust exposures within each asset class by up to 10% relative to the neutral allocations to reflect market outlook, and may allocate up to 25% in aggregate to other asset classes including high-yield debt, floating rate debt, and emerging markets debt. The fund uses futures contracts to manage cash flows and remain fully invested. Because the fund's allocation depends on active decisions to overweight or underweight asset classes, actual returns may diverge from the neutral glide path.
| Share class | Expense ratio |
|---|---|
| FAFFX | 0.91% |
| FCFFX | 1.66% |
| FTFFX | 1.16% |
| FIFFX | 0.66% |
| FKGLX | 0.42% |
| FIJPX | 0.62% |
Portfolio turnover 18.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 84.16% |
| Bonds | 11.99% |
| Cash & short-term | 2.80% |
| Securitized | 1.64% |
| 3 smaller | 0.20% |
Look-through blends 32 underlying funds; 0.308% of NAV was not looked through and stays direct-classified.
Latest quarter
What changed since the fund's previous filing
Largest new: Fidelity Salem Street Trust, UST BILLS ×3, CHICAGO BOARD OF TRADE ×2, CHICAGO MERCANTILE EXCH INC ×2
Largest exited: UST BILLS ×5, CHICAGO BOARD OF TRADE ×2, CHICAGO MERCANTILE EXCH INC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +28.00% | -56.22% | -90.20% | 11.54% | -66.05% | |
| +27.12% | +26.85% | -8.48% | 11.55% | -12.34% | |
| +27.68% | -26.99% | -71.38% | 11.59% | -43.20% | |
| +28.25% | +62.21% | +51.07% | 11.61% | -9.50% | |
| +28.61% | +63.61% | +53.11% | 11.57% | -9.38% | |
| +28.39% | +62.69% | +51.83% | 11.61% | -9.46% |
These classes hold the same portfolio, so the 143.31pp spread over 5 years is the cost difference between them — roughly 28.66pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| FEMSX | Fidelity Investment TrustFEMSX | 10.53% | $32.14 | $343.36M | 10.7M |
| FGLGX | Fidelity Hastings Street TrustFGLGX | 10.07% | $29.52 | $328.36M | 11.1M |
| FMFMX | Fidelity Advisor Series IFMFMX | 7.14% | $18.18 | $232.82M | 12.8M |
| FIGSX | Fidelity Investment TrustFIGSX | 6.78% | $21.57 | $221.02M | 10.2M |
| FSOSX | Fidelity Investment TrustFSOSX | 6.63% | $16.19 | $216.13M | 13.3M |
| FINVX | Fidelity Investment TrustFINVX | 6.42% | $16.74 | $209.36M | 12.5M |
| FVWSX | Fidelity ContrafundFVWSX | 6.28% | $28.45 | $204.82M | 7.2M |
| FNKLX | Fidelity Devonshire TrustFNKLX | 5.77% | $18.66 | $188.11M | 10.1M |
| FBLEX | Fidelity Devonshire TrustFBLEX | 5.74% | $15.47 | $187.08M | 12.1M |
| FSIGX | Fidelity Salem Street TrustFSIGX | 5.20% | $10.07 | $169.50M | 16.8M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 70.55% of net assets, top 25 98.95%, across 17 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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