Fidelity Freedom Blend 2035 Fund (FHASX) Fund Overview

Fidelity Freedom Blend 2035 Fund (FHASX) Financial Services Profile

Fidelity Freedom Blend 2035 Fund is a target-date fund within the asset management sector, strategically allocating assets across Fidelity's diverse fund offerings. With a focus on long-term growth and a glide path towards income generation post-2035, it offers a diversified investment solution for retirement savers.

What Is the Investment Thesis for FHASX?

The fund's diversified approach, utilizing a blend of Fidelity's underlying funds, offers exposure to various asset classes and investment styles. The strategic glide path, which gradually shifts from equities to fixed income, aims to mitigate risk as the target date approaches. With a market cap of $4.93 billion and a beta of 1.08, the fund exhibits moderate volatility relative to the market. Key value drivers include Fidelity's expertise in asset allocation and fund management, as well as the fund's ability to provide a convenient and diversified investment solution for retirement savers. However, potential risks include market fluctuations, interest rate changes, and the performance of the underlying Fidelity funds.

Based on FMP financials and quantitative analysis

FHASX Key Highlights

The fund has a market capitalization of $4.93 billion, indicating its significant size and investor base.

• The fund's beta of 1.08 suggests that it has slightly higher volatility than the overall market.
• The fund invests primarily in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds, providing diversification across asset classes.
• The fund's asset allocation strategy adjusts over time, becoming more conservative as the target retirement date approaches.
• The fund is designed for investors who are planning to retire around the year 2035 and who are seeking a diversified investment solution.

Who Are FHASX's Competitors?

FHASX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are FHASX's Key Strengths?

Strong brand reputation of Fidelity Investments.

• Diversified investment approach across multiple asset classes.
• Automatic asset allocation adjustments based on target retirement date.
• Large asset base providing economies of scale.

What Are FHASX's Weaknesses?

Performance is dependent on the performance of underlying Fidelity funds.

• Subject to market fluctuations and interest rate risk.
• May not be suitable for investors with specific investment preferences or risk tolerances.
• No dividend yield.

What Are the Key Risks for FHASX?

Market downturns could negatively impact fund performance and investor confidence.

• Changes in interest rates could affect the value of fixed-income investments.
• Increased competition from other target-date fund providers could put pressure on fees and performance.
• The performance of the underlying Fidelity funds could impact the overall fund performance.
• Regulatory changes in the financial services sector could increase compliance costs.

What Are FHASX's Competitive Advantages?

• Brand Recognition: Fidelity Investments has a strong brand reputation and a long history of providing investment products and services.
• Scale: Fidelity Investments is one of the largest asset managers in the world, with significant economies of scale.
• Distribution Network: Fidelity Investments has a well-established distribution network, including financial advisors, online brokers, and employer-sponsored retirement plans.

What Does FHASX Do?

Fidelity Freedom Blend 2035 Fund is a target-date fund managed by Fidelity Investments. The fund's primary objective is to seek high total return until its target retirement date in 2035. After 2035, the fund's objective shifts to seeking high current income and, as a secondary objective, capital appreciation. The fund achieves its investment objectives by investing primarily in a combination of other Fidelity funds, including U.S. equity funds, international equity funds, bond funds, and short-term funds. This approach allows the fund to provide a diversified portfolio across various asset classes and investment styles. The fund's asset allocation strategy is neutral and adjusts over time, following a predetermined glide path. As the target date approaches and passes, the fund's allocation gradually shifts from a higher allocation to equities towards a more conservative allocation to bonds and short-term investments. This glide path is designed to reduce risk as investors approach retirement and to provide a more stable income stream in retirement. Eventually, the fund's asset allocation will resemble that of the Fidelity Freedom Blend Income Fund, approximately 10 to 19 years after the year 2035. The fund is designed for investors who are planning to retire around the year 2035 and who are seeking a diversified investment solution that automatically adjusts its asset allocation over time. The fund's investment strategy is based on the principle of diversification and the belief that a well-diversified portfolio can provide a more stable return stream over the long term. Fidelity Investments is one of the largest asset managers in the world, with a long history of providing investment products and services to individual and institutional investors.

What Products and Services Does FHASX Offer?

• Invests in a combination of Fidelity U.S. equity funds.
• Invests in a combination of Fidelity international equity funds.
• Invests in a combination of Fidelity bond funds.
• Invests in a combination of Fidelity short-term funds.
• Allocates assets according to a neutral asset allocation strategy.
• Adjusts asset allocation over time until it reaches an allocation similar to that of the Fidelity Freedom Blend Income Fund.
• Seeks high total return until its target retirement date of 2035.
• Seeks high current income and capital appreciation after 2035.

How Does FHASX Make Money?

• The fund generates revenue through management fees charged on its assets under management.
• The fund's management fee is used to cover the costs of managing the fund's investments and providing administrative services.
• The fund's profitability is dependent on its ability to attract and retain investors and to generate competitive investment returns.

What Industry Does FHASX Operate In?

Fidelity Freedom Blend 2035 Fund operates within the asset management industry, which is characterized by intense competition and evolving market trends. Target-date funds have become increasingly popular as a convenient and diversified investment solution for retirement savers. The industry is subject to regulatory oversight and is influenced by factors such as interest rates, market volatility, and investor sentiment. Key competitors include CSRSX (Columbia Target 2035 Allocation Fund Class A), FHAPX (Fidelity Advisor Freedom Blend 2035 Fund Class A), FHAQX (Fidelity Freedom 2035 Fund), FHARX (Fidelity Freedom 2035 Fund Class R), and FHATX (Fidelity Freedom 2035 Fund Class K). These funds offer similar target-date investment strategies and compete for investor assets.

Who Are FHASX's Key Customers?

• Individual investors planning to retire around the year 2035.
• Investors seeking a diversified investment solution for retirement savings.
• Investors who prefer a target-date fund that automatically adjusts its asset allocation over time.

FHASX Financials

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Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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