CICHF - Fidelity Freedom 2040 Fund Q4 2024 Review
2025-03-17 21:46:00 ET
Summary
- Fidelity Freedom® Funds are designed so that the target date referenced in the Fund name is the approximate year when investors expect to retire.
- Active asset allocation decisions detracted from the Fund's performance versus the Fidelity Freedom® 2030 Composite Index in Q4, whereas the investment performance of the underlying portfolios contributed.
- The Fund's glide path and strategic asset allocation reflect our long-term views and insights on participant needs, diversification and capital markets.
Performance Summary
| Cumulative |
| Annualized |
| 3 |
| 1 |
| 3 |
| 5 |
| 10 Year/ LOF1 |
| Month |
| YTD |
| Year |
| Year |
| Year |
| Fidelity Freedom 2040 Fund Gross Expense Ratio: 0.73%2 |
| -2.41% |
| 13.21% |
| 13.21% |
| 3.56% |
| 8.86% |
| 8.74% |
| S&P 500 Index |
| 2.41% |
| 25.02% |
| 25.02% |
| 8.94% |
| 14.53% |
| 13.10% |
| Fidelity Freedom 2040 Composite Index |
| -1.94% |
| 13.58% |
| 13.58% |
| 3.59% |
| 8.52% |
| 8.77% |
| Morningstar Fund Target-Date 2040 |
| -1.78% |
| 12.53% |
| 12.53% |
| 3.12% |
| 7.87% |
| 7.76% |
| % Rank in Morningstar Category (1% = Best) |
| -- |
| -- |
| 30% |
| 26% |
| 9% |
| 8% |
| # of Funds in Morningstar Category |
| -- |
| -- |
| 203 |
| 192 |
| 166 |
| 112 |