Fidelity Freedom 2040 K6
FHTKX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Michael Loukas
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- BOSTON MA 02210 Boston MA United States of America 2210
- IPO Date
- Jun 7, 2017
- CIK
- 0000880195
- Website
- fidelity.com
- Similar Companies
- Business
- Fidelity Freedom 2040 Fund Class K6 (FHTKX) is an open-end mutual fund managed by Fidelity Investments that seeks high total return until its target retirement date around 2040, thereafter adjusting to preserve capital; it invests primarily in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds. The fund allocates across diversified underlying strategies including Fidelity Series Emerging Markets Opportunities Fund, Fidelity Series Growth Company Fund, Fidelity Series Large Cap Stock Fund, Fidelity Series International Growth Fund, and Fidelity Series International Value Fund, representing top holdings comprising approximately 39% of the portfolio; asset allocation typically includes 44% U.S. stocks, 36% non-U.S. stocks, 14% U.S. bonds, 4% non-U.S. bonds, and 2% cash. It targets retirement savers expecting to retire around age 65 in or near 2040, with operations domiciled in the United States and available for sale to U.S. investors through retirement plans and other accounts; net expense ratio stands at 0.43%, with total net assets of $32.32 billion and share class size of $11.87 billion as of recent data. The share class launched on June 7, 2017, as part of Fidelity's broader Freedom target-date series overseen by the Global Asset Allocation group, with principal managers Andrew Dierdorf (since 2011), Brett Sumsion (since 2014), and new additions Finola McGuire Foley and Cait Dourney (both since May 30, 2025). Recent developments include the addition of portfolio managers Finola McGuire Foley and Cait Dourney in May 2025 to bolster the management team, alongside a significant increase in semi-annual dividend payouts, with the May 9, 2025 ex-dividend date distributing $0.311 per share (annualized yield 4.88%, reflecting 178.64% growth over the prior year); in May 2024, Fidelity consolidated the related Fidelity Advisor Freedom Blend 2040 Fund Class Z6 into a Class K6 counterpart, signaling ongoing portfolio rationalization efforts.