Fidelity Freedom 2040 (FFFFX)
Fidelity Freedom 2040 operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $14.59, down 0.34% on the session, giving a market capitalisation of $37.45B. Its beta of 1.18 implies it has historically moved more than the broad market.
This fund diversifies its investments across a range of Fidelity offerings, encompassing U.S. and international stock funds, bond funds, and short-term money market options. Its portfolio manager utilizes a predetermined, neutral asset allocation strategy, outlined in its accompanying glide path, which dynamically adjusts over time. This strategy's objective is to gradually transition the fund's holdings until they align with the allocation profile of the Fidelity Freedom Income Fund, a point expected to be reached approximately 10 to 19 years past the 2040 target year.
Fidelity Freedom 2040 is most often compared with the following Financial Services names: