3 / 5 Stars
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Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#21 in Target Date 2036-2040
U.S. News evaluated 49 Target Date 2036-2040 Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 19.25 percent over the past year, and 10.53 percent over the past three years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||16.8%|
|3 Years (Annualized)||10.5%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks high total return until its target retirement date. The fund invests in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds using a moderate asset allocation strategy designed for investors expecting to retire around the year 2040. It uses an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in domestic equity funds, 5% in international equity funds, 40% in bond funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2040).
Fees are Average compared to funds in the same category.
Fidelity Freedom K 2040 Fund has an expense ratio of 0.05 percent.
Risk is Average compared to funds in the same category according to Morningstar.