FIRMX

About FIRMX

Fidelity Managed Retirement Income Fund is a target-date mutual fund designed primarily to provide high current income to investors in retirement, with capital appreciation as a secondary goal. The fund achieves its objectives by diversifying investments across a broad mix of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds. This asset allocation supports a withdrawal strategy suitable for retirees, focusing on income sustainability and reduced market risk over the long term. Notably, the fund employs a stable, neutral allocation strategy that maintains a significant weighting toward high-quality bonds and short-duration instruments, while also retaining measured equity exposure for growth potential. With a below-average expense ratio and turnover, the fund aims to balance steady income generation with risk mitigation. Its top holdings are predominantly fixed income and inflation-protected securities, highlighting its orientation toward income preservation and inflation hedging. This fund plays a significant role in the retirement income landscape by providing a professionally managed solution for individuals seeking structured withdrawals and income stability in retirement years.