Fidelity Freedom 2040 Fund Q4 2024 Review
Source: SeekingAlpha
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 |
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Fidelity Freedom 2040 Fund Q4 2024 Review
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