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Fidelity Advisor Freedom® 2040 I FIFFX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
17.68  /  1.17 %
Total Assets
2.9 Bil
Adj. Expense Ratio
0.750%
Expense Ratio
0.750%
Fee Level
High
Longest Manager Tenure
9.97 years
Category
Target-Date 2040
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Medium / Extensive
Status
Open
TTM Yield
0.75%
Turnover
25%

USD | NAV as of Jun 18, 2021 | 1-Day Return as of Jun 18, 2021, 9:38 PM GMT+00:00

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Morningstar’s Analysis

Will FIFFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FIFFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the FIFFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

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The Parent Pillar is our rating of FIFFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Appealing, but less-so than the Fidelity Freedom series.

Analyst

Summary

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The Fidelity Advisor Freedom target-date series benefits from a collaborative asset-allocation team employing a research-driven approach, and quality lineup of underlying funds. However, negative differences between it and sibling, Fidelity Freedom, alongside relatively higher fees, drive its lower ratings. This series earns a Morningstar Analyst Rating of Bronze for its two cheapest share classes, while its more-expensive shares continue to hold Neutral ratings.

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