Fidelity Freedom Index 2040 Premier II (FAVOX)

Fund Assets	28.50B
Expense Ratio	0.038%
Min. Investment	$5,000,000
Turnover	13.00%
Dividend (ttm)	0.63
Dividend Yield	2.00%
Dividend Growth	15.23%
Payout Frequency	Semi-Annual
Ex-Dividend Date	May 8, 2026

Previous Close	31.76
YTD Return	9.63%
1-Year Return	12.82%
5-Year Return	n/a
52-Week Low	27.78
52-Week High	32.39
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.

• Fund Family: Fidelity
• Category: Target-Date 2040
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FAVOX
• Share Class: Premier Ii Class

Performance

FAVOX had a total return of 12.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.54%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FPIPX	Premier Class	0.05%
FFIZX	Institutional Premium Class	0.08%
FBIFX	Investor Class	0.12%

Top Holdings

99.95% of assets

Name	Symbol	Weight
Fidelity Series Total Market Index Fund	FCFMX	47.49%
Fidelity Series Global ex U.S. Index Fund	FSGEX	31.90%
Fidelity Series Bond Index Fund	FIFZX	12.83%
Fidelity Series Long-Term Treasury Bond Index Fund	FTLTX	4.62%
Fidelity Series Intl Dev Mkts Bd Idx	FSTQX	3.11%

Dividend History

Ex-Dividend	Amount	Pay Date
May 8, 2026	$0.114	May 11, 2026
Dec 30, 2025	$0.614	Dec 31, 2025
May 9, 2025	$0.086	May 12, 2025
Dec 30, 2024	$0.529	Dec 31, 2024

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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