Fidelity Freedom 2040 K
FSNVX
NASDAQ14.29
USD
-0.06
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Fidelity Freedom 2040 K
FSNVX
(NASDAQ)
Recent
price
14.29
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.- Similar Companies
- Business
- Fidelity Freedom 2040 Fund Class K (FSNVX) is a target date mutual fund offered by Fidelity Investments that seeks high total return until its target retirement date around 2040; thereafter, it pursues high current income and, secondarily, capital appreciation. The fund allocates assets across a diversified mix of underlying Fidelity funds, including U.S. equity funds such as Fidelity Series Growth Company Fund and Fidelity Series Large Cap Stock Fund; international equity funds like Fidelity Series International Growth Fund and Fidelity Series International Value Fund; emerging markets funds including Fidelity Series Emerging Markets Opportunities Fund; and fixed income funds for bonds and short-term investments, with allocations adjusting to become more conservative as the target date approaches. It primarily serves retirement savers, such as participants in 401(k) plans and individual retirement accounts, with a net expense ratio of 0.63% and total net assets exceeding $30 billion as of recent data. Fidelity Investments, the fund's manager and parent company, was founded in 1946 and is headquartered in Boston, Massachusetts, operating globally with a focus on the United States market for this share class. The Fidelity Freedom 2040 Fund series, including Class K shares (CUSIP for FSNVX), invests in a combination of Fidelity domestic equity, international equity, bond, and short-term funds, targeting investors expecting to retire around 2040 at approximately age 65. Recent management changes include the addition of Finola McGuire Foley and Cait Dourney as co-portfolio managers effective May 30, 2025, alongside existing managers Andrew Dierdorf (since June 2011) and Brett Sumsion (since January 2014), reflecting Fidelity's strategy to enhance oversight of its target date offerings. In November 2025, Fidelity announced Pierre Sorel as the new chief investment officer of Fidelity Asset Management Solutions, overseeing funds like Freedom 2040 K amid strong quarterly performance driven by active security selection and global diversification in Q2 2025. The fund continues to emphasize its "fund of funds" structure with no major acquisitions, partnerships, or product relaunches reported in the last 1-2 years, maintaining focus on glide path adjustments for retirement planning.