FARFX

About FARFX

Fidelity Advisor Managed Retirement 2025 Fund – Class A is a target-date mutual fund designed to provide diversified total return as investors approach and enter retirement around 2025. The fund pursues high current income with capital appreciation as a secondary objective by allocating across Fidelity U.S. equity, international equity, investment‑grade bond, inflation‑protected bond, and short‑term strategies, following a preset glide path that becomes more conservative near and after the target date. It is a multi‑manager, fund‑of‑funds structure that emphasizes broad asset class exposure and systematic rebalancing to support retirement withdrawal needs. Within its peer group, it is categorized as Target‑Date 2025 and carries a front‑load share class profile with an expense ratio reported around the lower end of typical advisor‑sold options for its category. Recent portfolio snapshots show sizable allocations to Fidelity Series investment‑grade and Treasury‑focused bond funds alongside large‑cap U.S., developed international, and emerging markets equity sleeves, reflecting its income orientation with measured equity exposure near the horizon date.