Morningstar

Fidelity Freedom Blend 2040 FHARX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 13.11  /  −1.13 %
  • Total Assets 3.8B
  • Adj. Expense Ratio
    0.470%
  • Expense Ratio 0.240%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Target-Date 2040
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity High/Extensive
  • Status Open
  • TTM Yield 1.64%
  • Turnover 18%

USD | NAV as of Jun 14, 2025 | 1-Day Return as of Jun 14, 2025, 4:26 AM GMT+0

Morningstar’s Analysis FHARX

Will FHARX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FHARX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FHARX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FHARX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Portfolio Management Additions to Fidelity’s Target-Date Series; Ratings Unchanged

null Mahi Roy

Mahi Roy

Analyst Note

On April 1, 2025, Fidelity announced Finola McGuire Foley and Cait Dourney will be appointed co-portfolio managers on Fidelity Freedom, Fidelity Advisor Freedom, and Freedom Blend funds, alongside Andrew Dierdorf and Brett Sumsion effective June 1, 2025. Foley currently comanages Fidelity Freedom Index and Fidelity Sustainable target-date strategies, the firm’s 529 offerings, and other multi-asset mandates. She has been an integral member of the target-date team, serving as a portfolio analyst since 2010 and as a portfolio manager since 2018. Dourney joins the portfolio management team from Fidelity’s Asset Allocation Research Team and has been working in asset-allocation research at the firm since 2014. As a member of AART, which conducts fundamental and quantitative research to develop asset-allocation recommendations for Fidelity portfolio managers and investment teams, Dourney led business cycle research. She also comanaged the team’s active asset-allocation pilot portfolio. These formal additions to the management roster don’t change the people or process configuration, as both Foley and Dourney have been major contributors for a while now. The High People rating is maintained.

by Mahi Roy
Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FHARX

More FHARX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 76.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Series Large Cap Value Index

13.37 472M
—

Fidelity Series Blue Chip Growth

11.25 397M
—

Fidelity Series Emerging Markets Opps

9.08 321M
—

Fidelity Series Large Cp Grwth Idx

7.23 255M
—

Fidelity Series International Value

6.72 237M
—

Fidelity Series Large Cap Stock

6.52 230M
—

Fidelity Series Overseas

6.34 224M
—

Fidelity Series International Growth

6.23 220M
—

Fidelity Series Long-Term Trs Bd Idx

5.13 181M
—

Fidelity Series Value Discovery

4.86 172M
—

Sponsor Center