Fidelity Freedom Blend 2040 Fund
FHARX
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 2040 Fund (FHARX) is an open-end target-date mutual fund managed by Fidelity Investments that seeks high total return until its target retirement date around 2040, thereafter transitioning to high current income and secondary capital appreciation through a neutral asset allocation glide path. The fund invests primarily in a combination of underlying Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds, with key holdings including Fidelity Series Large Cap Value Index Fund, Fidelity Series Blue Chip Growth Fund, Fidelity Series Emerging Markets Opportunities Fund, Fidelity Series Large Cap Growth Index Fund, and Fidelity Series Large Cap Stock Fund; its portfolio diversifies across U.S. stocks (46.44%), non-U.S. stocks (34.60%), U.S. bonds (12.63%), non-U.S. bonds (3.72%), and cash (1.98%), emphasizing sectors such as technology (16.68%), financial services (15.99%), and industrials (11.11%). Launched on August 31, 2018, and domiciled in the United States with total net assets of approximately $4.02 billion, the fund targets investors expecting to retire around age 65 in or near 2040 and operates primarily for sale in the U.S. market with a net expense ratio of 0.47% and no front-end or deferred loads. It is managed by a team including Andrew Dierdorf and Brett Sumsion (since inception), with recent additions Finola McGuire Foley and Cait Dourney effective May 30, 2025. In October 2025, Fidelity initiated a transition to an updated glide path and strategic asset allocation for the Freedom Blend Funds, including FHARX, enhancing its long-term risk-adjusted approach; additionally, in November 2025, Fidelity announced Pierre Sorel as the new chief investment officer of Fidelity Asset Management Solutions effective December 29, 2025, overseeing related asset management strategies.