Fidelity Freedom Blend 2060 Fund
FHANX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Aug 31, 2018
- CIK
- 0000880195
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Freedom Blend 2060 Fund (FHANX) is an actively managed target date mutual fund that seeks high total return until its target retirement date around 2060; thereafter, it aims for high current income and, secondarily, capital appreciation. The fund provides a diversified portfolio through investments primarily in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying funds); it employs a blend strategy incorporating both index-based and actively managed underlying funds to balance growth and risk over time. As the target date approaches (approximately 10 to 19 years prior), the fund gradually shifts toward a more conservative asset allocation with increased emphasis on fixed income and short-term investments; near and post-target date, it maintains this conservative glide path. The fund operates within the mixed-asset target 2060 category, targeting investors planning retirement around 2060, including individuals in defined contribution plans such as 401(k)s; it is managed by Fidelity Management & Research Company LLC (FMRCo), with sub-advisors including FMR Investment Management (U.K.) Limited, Fidelity Management & Research (Japan) Limited, Fidelity Management & Research (Hong Kong) Ltd, FIL Investment Advisors, and FIL Investment Advisors (UK) Ltd. Assets under management stand at approximately $1.3 billion, with a Morningstar category of Target-Date 2060; it features a gross expense ratio and net expense ratio as detailed in its prospectus, alongside a contractual expense cap. Geographically, the fund invests globally through its underlying funds, with primary exposure to U.S. and international markets. Inaugurated on August 31, 2018, the fund is part of Fidelity Investments' Freedom Blend series, headquartered in Boston, Massachusetts. It falls under the broader Fidelity mutual fund family managed by FMRCo, with no notable subsidiaries or parent company relationships specific to FHANX beyond Fidelity's institutional structure. Recent developments include ongoing portfolio adjustments aligned with Fidelity's Freedom Funds glide path methodology, which was refined in prior years to incorporate blended index and active strategies; no major acquisitions, funding rounds, partnerships, or name changes have been reported for FHANX in the last 1-2 years. The fund continues to track performance benchmarks suitable for its target-date profile, with quarterly reviews reflecting market conditions as of 2024-2025, including asset allocation shifts in response to interest rate environments and equity market volatility. Operational stability persists under team management at FMRCo.