Mutual Fund Insights: Fidelity Freedom 2040 Fund (FFFFX)

In-depth Analysis of Fidelity Freedom 2040 Fund (FFFFX)

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See Fidelity Freedom 2040 Fund (FFFFX) performance details as of January 31, 2010

  

Last Trade: $7.38 on 3/19/2010, Change: -0.04 (-0.54%)

  

Fund Manager - Jonathan Shelon

Fund Manager Tenure: 5.0 years
Fundmojo Fund Grade: B (Score: 0.69)     (What does this score mean?)

Shelon is a portfolio manager with Fidelity Investments, his employer since 2001. Prior to joining, he was a quantitative consultant at Callan Associates, Inc.  Get more insights on Jonathan Shelon

  

 What we like about Fidelity Freedom 2040 Fund (FFFFX)

Data for Fidelity Freedom 2040 Fund (FFFFX) as of January 31, 2010

• Fidelity Freedom 2040 Fund (FFFFX) management has been with Fidelity Freedom 2040 Fund for 5.0 years
• Fidelity Freedom 2040 Fund (FFFFX) has good mid-term performance (3-year return -5.77% vs -6.79% Target Date 2036-2040 category average)
• Fidelity Freedom 2040 Fund (FFFFX) has good Long-term performance (5-year return 1.46% vs 0.75% Target Date 2036-2040 category average)
• Fidelity Freedom 2040 Fund (FFFFX) ratio of up-years vs down years is greater than 2
• Fidelity Freedom 2040 Fund (FFFFX) has a Morningstar rating of 4 and above
• Fidelity Freedom 2040 Fund (FFFFX) has an annual stock turnover rate of 17.00% vs Target Date 2036-2040 average of 42.51%. It is good that Fidelity Freedom 2040 management does not trade extensively for its return.
• Fidelity Freedom 2040 Fund (FFFFX) is less volatile than its peers as it has a 3-year Standard Deviation of 20.38, lower than category average of 20.67
• Fidelity Freedom 2040 Fund (FFFFX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Fidelity Freedom 2040 Fund (FFFFX)

Data for Fidelity Freedom 2040 Fund (FFFFX) as of January 31, 2010

• Fidelity Freedom 2040 Fund is a focused fund with 79.49% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Fidelity Freedom 2040 Fund (FFFFX) has a less-than-ideal short-term performance (1-year return 36.32% vs 36.44% Target Date 2036-2040 category average)
• Fidelity Freedom 2040 Fund (FFFFX) has a higher management fee of 0.79% than its Target Date 2036-2040 average of 0.64%

See Fidelity Freedom 2040 Fund (FFFFX) performance details as of January 31, 2010

  

  

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Fidelity Freedom 2040 Fund (FFFFX) Net Asset

Track net asset change of Fidelity Freedom 2040 fund (FFFFX)

Date	Net Asset
01/2010	$7.90B
11/2009	$8.13B
10/2009	$7.86B

More historic net asset information on Fidelity Freedom 2040 Fund (FFFFX)

  

Fidelity Freedom 2040 Fund (FFFFX) Portfolio Allocation

Track portfolio allocation change of Fidelity Freedom 2040 fund (FFFFX)

Date	Cash	Stock	Bond	Other
10/2009	2.45%	83.02%	13.67%	0.86%
09/2009	2.34%	83.58%	13.08%	1%
08/2009	2.9%	83.29%	13.13%	0.68%

Click here to see more historic asset allocation information on Fidelity Freedom 2040 Fund (FFFFX)

  

Most Recent Top 10 Holdings in Fidelity Freedom 2040 Fund (FFFFX)

Discover what Fidelity Freedom 2040 Fund (FFFFX) manager is buying

31-Oct-09 Fidelity Disciplined Equity [11.89%] Fidelity Series Large Cap Value [10.81%] Fidelity Equity-Income [10.23%] Fidelity Growth Company [9.88%] Fidelity Series All-Sector Equity [9.42%] Fidelity Series 100 Index [7.99%] Fidelity Diversified International [5.8%] Fidelity Overseas [5.69%] Fidelity Capital & Income [4.94%] Fidelity High Income [4.69%]

30-Sep-09 Fidelity Disciplined Equity [11.97%] Fidelity Series Large Cap Value [11.03%] Fidelity Equity-Income [10.29%] Fidelity Growth Company [10.07%] Fidelity Series All-Sector Equity [9.54%] Fidelity Series 100 Index [7.9%] Fidelity Diversified International [5.76%] Fidelity Overseas [5.76%] Fidelity Capital & Income [4.79%] Fidelity High Income [4.51%]

31-Aug-09 Fidelity Disciplined Equity [12.01%] Fidelity Series Large Cap Value [11.03%] Fidelity Equity-Income [10.37%] Fidelity Growth Company [9.91%] Fidelity Series All-Sector Equity [9.52%] Fidelity Series 100 Index [8.01%] Fidelity Overseas [5.85%] Fidelity Diversified International [5.75%] Fidelity Capital & Income [4.65%] Fidelity High Income [4.45%]

Click here for Stock Holding Change Map in Fidelity Freedom 2040 Fund (FFFFX)

  

Related books and products to Fidelity Freedom 2040 Fund (FFFFX)

  

Latest News on Fidelity Freedom 2040 (FFFFX)

See what is happening with Fidelity Freedom 2040 Fund (FFFFX)

All Target-Date Funds Aren't Created Equally (at TheStreet.com) See more news on Fidelity Freedom 2040 Fund (FFFFX)

 

Books and Resources

 

 

See more information on Fidelity Freedom 2040 Fund (FFFFX)

• Fidelity Freedom 2040 Fund Insights
• Fidelity Freedom 2040 Fund Performance Data
• Fidelity Freedom 2040 Fund News
• Fidelity Freedom 2040 Fund Score Explaination
• Fidelity Freedom 2040 Fund Manager Information
• Historic Fidelity Freedom 2040 Fund Asset Allocation Report
• Historic Fidelity Freedom 2040 Fund Top 10 Holding Tracking
• Historic Fidelity Freedom 2040 Fund Asset Under Management Tracking