FPIPX Mutual Fund — Fidelity Freedom Index 2040 Fund - Premier Class

Fidelity Freedom Index 2040 Fund - Premier Class (FPIPX)

Updated October 16, 2026.

FPIPX is a low-cost Mutual Fund. its distribution rate is 2.30%, its trailing-12-month yield is 2.30%, its expense ratio is 0.05%. Dividend Vision Distribution Safety Score™ is 70/100 (Generally safe). Total return is 108.3% over the past 6.3 years, 64.9 points behind SPY at 173.2%.

Fidelity Freedom Index 2040 Fund - Premier Class is a mutual fund that allocates across Fidelity index funds tracking U.S. equities, international equities, bonds, and short-term investments, with an asset allocation designed for investors expecting to retire around 2040. The fund has a modest current distribution rate and carries a very low expense ratio of 0.05%. It appeals to long-term investors seeking a diversified, passively managed portfolio aligned with a specific retirement timeline.

FPIPX performance versus SPY

Price and return data through 2026-10-16.

Total return is 108.3% over the past 6.3 years, 64.9 points behind SPY at 173.2%. Over the past year its total return — price change plus distributions reinvested — is 12.1%. Its deepest 1-year drawdown was 8.1%.

FPIPX key facts

Distribution Safety Score™

70 · Generally safe

Safety-Adjusted Yield

1.61%

Issuer

Fidelity Investments

Asset type

Mutual Fund

Asset class

Equity

Expense ratio

0.05%

Distribution rate

2.30%

Distribution frequency

Semi-Annual

Trailing yield

2.30%

Last close

$31.39 (as of 2026-10-16)

NAV

$31.91 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)

AUM

$19,472,394,240

Average volume

0.0

Dividend

$0.113

Ex-dividend date

05/08/2026

Beta

1.13

How Dividend Vision calculates yield and returns

Distribution rate (2.30%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.30%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FPIPX risks and drawbacks

FPIPX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are semi-annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 8.1%.

Who may consider FPIPX — and who may not

FPIPX may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FPIPX pays semi-annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

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Tagged: Mutual Fund.

Frequently asked questions

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