FAFFX Fees and Costs — Fidelity Advisor Freedom 2040 Fund, Class A
Data updated: 2026-08-24
The net expense ratio is 0.91%: a 0.66% management fee plus a 0.25% 12b-1 fee. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2026 the fund paid $37K in broker commissions, 0.0013% of average net assets, and portfolio turnover was 18%.
FAFFX Fees and Expenses
Annual operating expenses and sales charges of FAFFX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FAFFX Costs Over Time
On $10,000 invested in FAFFX, assuming 5% a year before costs, total costs come to $1,272 over 5 years, cutting the return by 2.18% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 0.91%) | $90 | $281 | $488 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $29 | $105 | $208 |
| Total costs | $694 | $961 | $1,272 |
| Value after costs | $9,806 | $10,615 | $11,491 |
| Impact on return, per year | 6.94% | 2.99% | 2.18% |
FAFFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0013%
- Total broker commissions: $37K
- Bought from dealers (principal trades, not a cost): $31.1M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
FAFFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $23K | 63.59% |
| JPMORGAN CHASE and CO | $5K | 12.81% |
| GOLDMAN SACHS GROUP INC (THE) | $4K | 9.86% |
| UBS GROUP AG | $2K | 4.33% |
| BARCLAYS PLC | $1K | 3.94% |
| BANK OF AMERICA CORPORATION | $1K | 3.56% |
| ROYAL BANK OF CANADA | $696 | 1.91% |
FAFFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO and CO | $14.0M | 45.09% |
| NOMURA HOLDINGS INC | $9.6M | 30.98% |
| JEFFERIES FINANCIAL GROUP INC | $3.7M | 11.96% |
| CITIGROUP INC | $2.7M | 8.79% |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC | $673K | 2.17% |
| BARCLAYS PLC | $218K | 0.70% |
| BANK OF MONTREAL QUE | $99K | 0.32% |
Fidelity Advisor Freedom 2040 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FKGLX | Class K6 | 0.42% | — |
| FIJPX | Class Z | 0.62% | none |
| FIFFX | Class I | 0.66% | none |
| FAFFX | Class A | 0.91% | 5.75% |
| FTFFX | Class M | 1.16% | 3.50% |
| FCFFX | Class C | 1.66% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.