Fidelity Freedom Index 2040 Fund
Fidelity Aberdeen Street Trust · Series S000026419 · 4 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
Fidelity Freedom Index 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 through a combination of underlying Fidelity index funds tracking U.S. equities, international equities, bonds, and short-term instruments, with asset allocations that shift over time along a glide path toward a more conservative mix similar to the Fidelity Freedom Index Retirement Fund, approximately 15 to 20 years after 2040. The fund is designed for those anticipating retirement around 2040 and continues to pursue high total return for several years beyond that target date.
| Share class | Expense ratio |
|---|---|
| FBIFX | 0.12% |
| FFIZX | 0.08% |
| FPIPX | 0.05% |
| FAVOX | 0.04% |
Portfolio turnover 13.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 78.16% |
| Bonds | 17.24% |
| Securitized | 3.22% |
| Cash & short-term | 2.15% |
| Derivatives | 0.15% |
Look-through blends 5 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
Latest quarter
What changed since the fund's previous filing
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 |
|---|---|---|---|---|---|
| +26.27% | +59.16% | +50.95% | 10.76% | -9.58% | |
| +26.35% | +59.43% | +51.29% | 10.77% | -9.55% | |
| +26.37% | +59.45% | +51.42% | 10.74% | -9.54% | |
| +26.35% | — | — | 10.77% | — |
These classes hold the same portfolio, so the 0.10pp spread over 1 year is the cost difference between them — roughly 0.10pp 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.
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 |
|---|---|---|---|---|---|
| FCFMX | Fidelity Concord Street TrustFCFMX | 47.49% | $24.62 | $16.57B | 672.9M |
| FSGEX | Fidelity Salem Street TrustFSGEX | 31.90% | $21.00 | $11.13B | 529.9M |
| FIFZX | Fidelity Salem Street TrustFIFZX | 12.83% | $9.03 | $4.48B | 495.7M |
| FTLTX | Fidelity Salem Street TrustFTLTX | 4.62% | $5.33 | $1.61B | 302.2M |
| FSTQX | Fidelity School Street TrustFSTQX | 3.11% | $8.54 | $1.08B | 127.0M |
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 99.95% of net assets, top 25 99.95%, across 3 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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