Fidelity Freedom Index 2040 Fund - Institutional Premium Class (FFIZX)
| Fund Assets | 26.44B |
| Expense Ratio | 0.08% |
| Min. Investment | $5,000,000 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.60 |
| Dividend Yield | 2.20% |
| Dividend Growth | 26.96% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | May 9, 2025 |
| Previous Close | 27.17 |
| YTD Return | 10.19% |
| 1-Year Return | 14.40% |
| 5-Year Return | 64.57% |
| 52-Week Low | 22.37 |
| 52-Week High | 27.41 |
| Beta (5Y) | n/a |
| Holdings | 5 |
| Inception Date | Oct 2, 2009 |
About FFIZX
Fidelity Freedom Index 2040 Fund Institutional Premium Class is a target-date mutual fund designed to help investors prepare for retirement around the year 2040. Its primary purpose is to offer an all-in-one, diversified investment solution that automatically adjusts its asset allocation over time. Early in the lifecycle, the fund predominantly allocates assets to equities, targeting growth to build wealth. As the 2040 target date approaches, the portfolio gradually shifts towards fixed income and more conservative investments, with the goal of reducing risk and providing greater stability as investors near retirement. Notable features include broad diversification across both domestic and international equities and bonds, achieved primarily through underlying index funds such as Fidelity Series Total Market Index and Fidelity Series Global ex US Index, which together make up the majority of the portfolio. The fund offers a low expense ratio, reflecting its index-based strategy and a commitment to cost efficiency. In the broader financial market, this fund plays a key role for individuals seeking a hands-off approach to retirement investing, leveraging Fidelity's research-driven methodology and disciplined glide path to balance risk and return throughout the investment horizon.
Performance
FFIZX had a total return of 14.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.31%.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Series Total Market Index | n/a | 50.24% |
| Fidelity Series Global ex US Index | n/a | 32.86% |
| Fidelity Series Bond Index | n/a | 9.98% |
| Fidelity Series Long-Term Treasury Bond Index Fund | FTLTX | 4.63% |
| Fidelity Series Intl Dev Mkts Bd Idx | FSTQX | 2.28% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 9, 2025 | $0.083 | May 12, 2025 |
| Dec 30, 2024 | $0.515 | Dec 31, 2024 |
| May 10, 2024 | $0.035 | May 13, 2024 |
| Dec 28, 2023 | $0.436 | Dec 29, 2023 |
| May 12, 2023 | $0.009 | May 15, 2023 |
| Dec 29, 2022 | $0.375 | Dec 30, 2022 |