Line of Credit Insufficient Data. Either the fund is too new, or return data of current frequency is not available.
Some domestic equity funds may invest a significant portion of their underlying assets in international securities. The allocation percentages may not add up to 100% due to rounding and/or cash balances.
Seeks high total return until its target retirement date. Thereafter, the fund's objective will be to seek high current income and, as a secondary objective, capital appreciation.
Designed for investors who anticipate retiring in or within a few years of the fund's target retirement year at or around age 65. Investing primarily in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity funds), each of which (excluding any money market fund) seeks to provide investment results that correspond to the total return of a specific index. Allocating assets among underlying Fidelity funds according to a "neutral" asset allocation strategy that adjusts over time until it reaches an allocation similar to that of the Freedom Index Income Fund approximately 10 to 19 years after the target year. Ultimately, the fund may merge with the Freedom Index Income Fund. Fidelity Management & Research Company LLC (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders. Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
The investment risk of each Fidelity Freedom Index Fund changes over time as its asset allocation changes. These risks are subject to the asset allocation decisions of the Investment Adviser. The funds are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, commodity-linked, and foreign securities. The funds are subject to the risks associated with investing in a passively managed underlying fund in which the passively managed underlying fund's performance could be lower than an actively managed fund that shifts its portfolio assets to take advantage of market opportunities or lessen the impact of a market decline or a decline in the value of one or more issuers. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly. No target date fund is considered a complete retirement program and there is no guarantee any single fund will provide sufficient retirement income at or through retirement. Principal invested is not guaranteed at any time, including at or after the funds' target dates.
This description is only intended to provide a brief overview of the mutual fund. Read the fund's prospectus for more detailed information about the fund.
| Return Type | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Life |
|---|---|---|---|---|---|
FUND Fidelity Freedom® Index 2040 Fund Investor Class | 13.33% | 3.44% | 8.35% | 8.54% | 9.33% |
PRIMARY BENCHMARK | 25.02% | 8.94% | 14.53% | 13.10% | 14.30% |
SECONDARY BENCHMARK | 13.58% | 3.59% | 8.52% | 8.69% | 9.98% |
MORNINGSTAR CATEGORY AVERAGE | 12.53% | 3.12% | 7.87% | 7.76% | -- |
Fidelity Freedom® Index 2040 Fund Investor Class | 12.63% | 2.86% | 7.74% | 7.57% | 8.50% |
| 10.31% | 1.33% | 5.94% | 6.05% | -- | |
Fidelity Freedom® Index 2040 Fund Investor Class | 8.18% | 2.51% | 6.43% | 6.67% | 7.60% |
| 7.42% | 1.78% | 5.56% | 5.63% | -- |