FKRVX

About FKRVX

Fidelity Managed Retirement 2020 Fund – Class K is a target-date mutual fund designed primarily for investors planning to retire around the year 2020. Its core objective is to provide high current income, while also seeking capital appreciation as a secondary goal. The fund achieves this by investing in a diversified portfolio that includes a mix of Fidelity U.S. equity funds, international equity funds, and bond funds, dynamically adjusting its asset allocation over time to become more conservative as the retirement date approaches. This approach is intended to balance growth potential with income generation and gradual risk reduction, aligning with the needs of individuals near or entering retirement. Notably, the fund features a net expense ratio that aims to maintain operational efficiency for investors. The Fidelity Managed Retirement 2020 Fund – Class K plays a significant role in retirement planning, serving participants in workplace retirement plans who desire automatic portfolio management with a glide path targeting retirement income and principal preservation in later years.