Fidelity Freedom Blend 2040 Fund (FHARX)
The investment seeks high total return until its target retirement date; thereafter the fund's objective will be to seek high current income and, as a secondary objective, capital appreciation. The fund invests primarily in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity funds). The adviser allocates assets according to a neutral asset allocation strategy that adjusts over time until it reaches an allocation similar to that of the Fidelity Freedom Blend Income Fund, approximately 10 to 19 years after the year 2040.
Fund Info
| ISIN | US3157945946 |
|---|---|
| CUSIP | 315794594 |
| Issuer | Fidelity |
| Inception Date | Aug 31, 2018 |
| Category | Target Retirement Date |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
FHARX features an expense ratio of 0.49%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: FHARX vs. FBIFX, FHARX vs. FXAIX, FHARX vs. IVV, FHARX vs. SPYG, FHARX vs. BND, FHARX vs. VOO, FHARX vs. FSMAX, FHARX vs. VFORX, FHARX vs. HFMDX, FHARX vs. FSELX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Freedom Blend 2040 Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Freedom Blend 2040 Fund had a return of 15.42% year-to-date (YTD) and 26.83% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 15.42% | 24.30% |
| 1 month | 0.54% | 4.09% |
| 6 months | 8.47% | 14.29% |
| 1 year | 26.83% | 35.42% |
| 5 years (annualized) | 6.59% | 13.95% |
| 10 years (annualized) | N/A | 11.33% |
Monthly Returns
The table below presents the monthly returns of FHARX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.09% | 3.83% | 3.26% | -3.49% | 4.15% | 1.16% | 2.04% | 1.92% | 2.04% | -2.47% | 15.42% | ||
| 2023 | 7.98% | -3.30% | 2.61% | 1.18% | -1.06% | 4.89% | 3.17% | -2.89% | -4.10% | -3.01% | 8.51% | 5.32% | 19.79% |
| 2022 | -4.33% | -3.02% | 0.69% | -7.63% | -2.79% | -8.31% | 6.56% | -3.62% | -9.33% | 5.15% | 8.72% | -4.52% | -21.81% |
| 2021 | -0.09% | 3.00% | 2.16% | 3.83% | -0.47% | 1.02% | 0.16% | 2.18% | -3.51% | 4.66% | -2.87% | -0.70% | 9.41% |
| 2020 | -1.53% | -6.52% | -13.74% | 9.41% | 3.64% | 3.40% | 4.94% | 5.29% | -2.42% | -1.62% | 11.93% | 2.38% | 13.17% |
| 2019 | 7.62% | 2.72% | 1.27% | 3.35% | -5.47% | 6.11% | 0.30% | -1.91% | 1.44% | 2.83% | 2.76% | 1.71% | 24.48% |
| 2018 | 1.52% | -6.99% | 1.18% | -7.93% | -12.04% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FHARX is 66, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Freedom Blend 2040 Fund (FHARX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Freedom Blend 2040 Fund provided a 1.46% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.19 | $0.19 | $0.23 | $0.31 | $0.14 | $0.18 | $0.14 |
Dividend yield | 1.46% | 1.67% | 2.38% | 2.49% | 1.18% | 1.74% | 1.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Freedom Blend 2040 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2018 | $0.14 | $0.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Freedom Blend 2040 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Freedom Blend 2040 Fund was 32.57%, occurring on Oct 14, 2022. Recovery took 438 trading sessions.
The current Fidelity Freedom Blend 2040 Fund drawdown is 0.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.57% | Nov 9, 2021 | 235 | Oct 14, 2022 | 438 | Jul 16, 2024 | 673 |
| -31.37% | Feb 20, 2020 | 23 | Mar 23, 2020 | 109 | Aug 26, 2020 | 132 |
| -16.4% | Sep 24, 2018 | 64 | Dec 24, 2018 | 122 | Jun 20, 2019 | 186 |
| -7% | Jul 17, 2024 | 14 | Aug 5, 2024 | 14 | Aug 23, 2024 | 28 |
| -6.41% | Sep 3, 2020 | 14 | Sep 23, 2020 | 13 | Oct 12, 2020 | 27 |
Volatility
Volatility Chart
The current Fidelity Freedom Blend 2040 Fund volatility is 2.72%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.