Fidelity Freedom Index 2040 Premier (FPIPX)
| Fund Assets | 25.13B |
| Expense Ratio | 0.05% |
| Min. Investment | $5,000,000,000 |
| Turnover | 13.00% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 2.24% |
| Dividend Growth | 27.10% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | May 9, 2025 |
| Previous Close | 26.81 |
| YTD Return | 9.63% |
| 1-Year Return | 12.79% |
| 5-Year Return | 71.19% |
| 52-Week Low | 22.36 |
| 52-Week High | 27.05 |
| Beta (5Y) | n/a |
| Holdings | 5 |
| 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.
Performance
FPIPX had a total return of 12.79% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.03%.
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 | $0.084 | 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 |
| May 12, 2023 | $0.010 | May 15, 2023 |
| Dec 29, 2022 | $0.378 | Dec 30, 2022 |