FIRQX

About FIRQX

Fidelity Managed Retirement 2010 Fund is a target-date mutual fund designed to support individuals entering or in retirement. Its primary objective is to provide investors with a combination of current income and capital growth, aligning its asset allocation strategy with the needs of those withdrawing assets during retirement years. The fund achieves this by investing in a diversified mix of other Fidelity funds, encompassing U.S. equities, international equities, bond funds, and short-term instruments. This diversified allocation is actively managed and regularly adjusted to prioritize income generation while maintaining measured exposure to growth assets. Notably, the fund offers monthly dividend distributions and a competitive expense ratio, catering to those seeking steady income after their target retirement date. With more than 34 underlying holdings, the fund strategically balances risk and income, positioning itself as a supportive vehicle for long-term retirees. Since its inception in 2007, it has played a role in the retirement market by enabling a structured decumulation strategy, helping investors manage longevity risk and income needs throughout retirement.