FHRFX

About FHRFX

Fidelity Managed Retirement 2025 Fund - Class K6 is a target-date mutual fund designed to provide a balanced, professionally managed glide path for investors approaching or in early retirement around the 2025 horizon. The fund seeks total return through a mix of current income and capital growth, allocating across Fidelity equity, fixed income, and short‑term investment funds and adjusting its risk profile over time to support a payment strategy through the fund’s stated horizon date of December 31, 2042. Its portfolio spans U.S. and international stocks, core bonds, and cash equivalents, reflecting a diversified, multi-asset approach typical of target-date strategies. As part of Fidelity’s Managed Retirement series, the Class K6 share class is built for institutional or retirement plan platforms and emphasizes cost efficiency, reflected in a low reported expense profile relative to peers. The fund’s role in the market is to simplify retirement portfolio construction, offering ongoing asset allocation, rebalancing, and payout-oriented management for participants near retirement seeking a single-fund solution.