FMRAX

About FMRAX

Fidelity Managed Retirement 2030 Fund is a target-date mutual fund designed to support income needs as investors approach and enter retirement around 2030. It seeks high current income with capital appreciation as a secondary goal, allocating primarily across Fidelity-managed U.S. equity, international equity, bond, and short‑term funds to balance growth and income as the horizon date nears. The fund implements a managed payout-oriented strategy, using a diversified mix that includes investment‑grade bonds, inflation‑protected securities, government and long‑term Treasuries, alongside large‑cap value and growth equity exposures and selective emerging markets allocations. This multi‑asset construction aims to moderate volatility relative to pure equity funds while maintaining participation in global markets. Notable characteristics include a below‑average distribution fee level, an expense ratio around 0.48%, and regular income distributions, reflecting its retirement‑income focus. Positioned within the Target‑Date 2030 category, it functions as a professionally managed glide‑path solution that gradually shifts toward more conservative assets to help sustain withdrawals and preserve purchasing power through the early retirement years.