Fidelity Freedom Index 2040 Premier (FPIPX)

Fund Assets	28.50B
Expense Ratio	0.05%
Min. Investment	$5,000,000
Turnover	13.00%
Dividend (ttm)	0.62
Dividend Yield	1.93%
Dividend Growth	16.07%
Payout Frequency	Semi-Annual
Ex-Dividend Date	May 8, 2026

Previous Close	32.01
YTD Return	12.10%
1-Year Return	18.35%
5-Year Return	57.55%
52-Week Low	27.57
52-Week High	32.39
Beta (5Y)	n/a
Holdings	6
Inception Date	Jun 24, 2020

About FPIPX

Fidelity Freedom Index 2040 Fund Premier Class is a target-date mutual fund designed to help investors prepare for retirement around the year 2040. As part of Fidelity’s suite of Freedom Index Funds, its primary goal is to deliver high total return until the target retirement date, after which its focus shifts to generating high current income, with capital appreciation as a secondary objective. The fund achieves diversification by investing primarily in a mix of underlying Fidelity domestic and international equity funds, bond funds, and short-term funds, each tracking specific market indexes. Notably, the fund’s asset allocation automatically becomes more conservative over time—gradually shifting from equities to fixed-income investments as the target date approaches and passes—helping to manage risk and align with the evolving needs of investors nearing and entering retirement. The Premier Class is targeted toward large institutional investors, with a substantial minimum investment. With broad exposure to both U.S. and global markets, the fund offers investors a one-stop solution for retirement planning, backed by Fidelity’s experienced management team and research capabilities.

• Fund Family: Fidelity
• Category: Target-Date 2040
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FPIPX
• Share Class: Premier Class
• Index: S&P 500 TR

Performance

FPIPX had a total return of 18.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.47%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FAVOX	Premier Ii Class	0.04%
FFIZX	Institutional Premium Class	0.08%
FBIFX	Investor Class	0.12%

Top Holdings

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%
Cash	n/a	0.05%

Dividend History

Ex-Dividend	Amount	Pay Date
May 8, 2026	$0.113	May 11, 2026
Dec 30, 2025	$0.608	Dec 31, 2025
May 9, 2025	$0.084	May 12, 2025
Dec 30, 2024	$0.521	Dec 31, 2024
May 10, 2024	$0.036	May 13, 2024
Dec 28, 2023	$0.440	Dec 29, 2023

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:

Aug 26, 2026

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