Fidelity Freedom 2040 Fund
Fidelity Aberdeen Street Trust · Series S000004875 · 4 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
Fidelity Freedom 2040 Fund seeks high total return until its target retirement date. Thereafter the fund's objective will be to seek high current income and, as a
The fund invests in a mix of Fidelity U.S. equity, international equity, bond, and short-term funds, with allocations that shift over time along a glide path toward a more conservative mix similar to the Fidelity Freedom Retirement Fund, approximately 15 to 20 years after 2040. The adviser actively adjusts exposures relative to neutral allocations by up to 10% across major asset classes and may allocate up to 25% in aggregate to other asset classes including high-yield debt, floating rate debt, real estate debt, and emerging markets debt. The fund invests through underlying Fidelity funds rather than holding securities directly.
| Share class | Expense ratio |
|---|---|
| FFFFX | 0.66% |
| FSNVX | 0.62% |
| FHTKX | 0.42% |
| FFPDX | 0.37% |
Portfolio turnover 13.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 83.78% |
| Bonds | 12.01% |
| Cash & short-term | 3.14% |
| Securitized | 1.64% |
| 3 smaller | 0.20% |
Look-through blends 32 underlying funds; 0.311% 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 |
|---|---|---|---|---|---|
| +30.33% | +65.09% | +54.92% | 11.55% | -9.44% | |
| +30.34% | +65.48% | +55.78% | 11.55% | -9.43% | |
| +30.71% | +66.51% | +57.09% | 11.57% | -9.47% | |
| — | — | — | — | — |
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 | 10.51% | $32.14 | $3.85B | 119.9M |
| FGLGX | Fidelity Hastings Street TrustFGLGX | 9.16% | $29.52 | $3.36B | 113.7M |
| FCGSX | Fidelity Mt. Vernon Street TrustFCGSX | 9.02% | $33.82 | $3.31B | 97.7M |
| FIGSX | Fidelity Investment TrustFIGSX | 6.75% | $21.57 | $2.48B | 114.8M |
| FSOSX | Fidelity Investment TrustFSOSX | 6.62% | $16.19 | $2.43B | 149.9M |
| FINVX | Fidelity Investment TrustFINVX | 6.42% | $16.74 | $2.35B | 140.5M |
| FBLEX | Fidelity Devonshire TrustFBLEX | 5.96% | $15.47 | $2.19B | 141.3M |
| FNKLX | Fidelity Devonshire TrustFNKLX | 5.46% | $18.66 | $2.00B | 107.2M |
| FVWSX | Fidelity ContrafundFVWSX | 5.39% | $28.45 | $1.98B | 69.5M |
| FSIGX | Fidelity Salem Street TrustFSIGX | 5.19% | $10.07 | $1.90B | 189.0M |
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 70.48% of net assets, top 25 98.93%, across 17 issuers.
See more of this fund's book
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