Fidelity Freedom Blend 2040 Fund (FHARX)
Fidelity Freedom Blend 2040 Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $16.22, down 0.06% on the session, giving a market capitalisation of $5.46B. Its beta of 1.20 implies it has historically moved more than the broad market.
This fund aims for substantial overall returns until its designated retirement year. After that date, its main objective shifts to generating significant current income, with capital appreciation becoming a secondary focus. The portfolio primarily invests in a diverse array of underlying Fidelity mutual funds, including those concentrated in U.S. stocks, international equities, fixed-income instruments, and short-duration assets. The fund's adviser utilizes a flexible, neutral asset allocation strategy that evolves progressively. This strategy will eventually converge to an asset mix similar to the Fidelity Freedom® Blend Income Fund, a transition expected to occur approximately 10 to 19 years after 2040.
Fidelity Freedom Blend 2040 Fund is most often compared with the following Financial Services names: