Fidelity Freedom Index 2040 Premier II (FAVOX)
| Fund Assets | 26.44B |
| Expense Ratio | 0.04% |
| Min. Investment | $5,000,000,000 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.62 |
| Dividend Yield | 2.25% |
| Dividend Growth | n/a |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | May 9, 2025 |
| Previous Close | 27.28 |
| YTD Return | 7.42% |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 22.37 |
| 52-Week High | 27.41 |
| Beta (5Y) | n/a |
| Holdings | 5 |
| Inception Date | n/a |
About FAVOX
The Fidelity Freedom Index 2040 Fund is a target-date mutual fund designed for individuals anticipating retirement around the year 2040. Its primary function is to provide a diversified investment solution that automatically adjusts its asset allocation over time to align with the changing risk profile of investors as they approach and move beyond retirement age. The fund invests primarily in a mix of domestic and international equity funds, bond funds, and short-term funds, using index-based strategies to seek broad market exposure while maintaining low costs. Initially, the fund emphasizes growth by allocating a significant portion of assets to equities, with nearly 48% in U.S. equities and 34% in non-U.S. equities, complemented by approximately 18% in various bond holdings as of March 2025. Over time, its asset mix becomes more conservative, gradually increasing fixed income and reducing equity exposure to mitigate risk as the target retirement date nears. Eventually, it aligns with the Fidelity Freedom Index Income Fund, focusing more on income generation and capital preservation. This diversified, evolving approach aims to simplify retirement planning and support long-term financial goals for investors through different phases of their lives.
Top 10 Holdings
99.96% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Series Total Market Index Fund | FCFMX | 47.99% |
| Fidelity Series Global ex U.S. Index Fund | FSGEX | 34.04% |
| Fidelity Series Bond Index Fund | FIFZX | 10.45% |
| Fidelity Series Long-Term Treasury Bond Index Fund | FTLTX | 5.12% |
| Fidelity Series Intl Dev Mkts Bd Idx | FSTQX | 2.36% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 9, 2025 | $0.086 | May 12, 2025 |
| Dec 30, 2024 | $0.529 | Dec 31, 2024 |