Skip to Content
Morningstar

Fidelity Advisor Freedom® 2040 I FIFFX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
13.88  /  0.14 %
Total Assets
2.4 Bil
Adj. Expense Ratio
0.750%
Expense Ratio
0.750%
Fee Level
High
Longest Manager Tenure
11.43 years
Category
Target-Date 2040
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
High / Extensive
Status
Open
TTM Yield
2.39%
Turnover
—

USD | NAV as of Dec 02, 2022 | 1-Day Return as of Dec 02, 2022, 10:48 PM GMT+00:00

Morningstar’s Fund Analysis FIFFX

Will FIFFX outperform in future?

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

Process Pillar

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

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

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

Executive Changes Within Fidelity Asset Management Solutions; Ratings Unchanged

Senior Analyst

Analyst Note

|

On Nov. 21, 2022, Fidelity announced two executive changes affecting Fidelity Asset Management Solutions, or FAMS. Current president of FAMS Vadim Zlotnikov will become president of the Fidelity Institutional division, assuming the role currently held by Michael Durbin. In addition, the firm has promoted Bill Irving, chief investment officer of global asset allocation, to president of FAMS. The formal transitions will happen in December. Irving will maintain his current duties as CIO while also taking on additional responsibilities as president of the group. This dual role is not unprecedented, as Zlotnikov held both positions prior to Irving's promotion to CIO of global asset allocation in May 2020.

Unlock our full analysis with Morningstar Investor