FMRZX

About FMRZX

Fidelity Managed Retirement 2035 Fund Class K is a target-date mutual fund designed to help investors transition savings into retirement income around the year 2035. The fund’s primary objective is to achieve total return through a blend of current income and capital growth prior to its target date. After the horizon year, the focus shifts to providing high current income while maintaining capital appreciation as a secondary goal. This fund strategically allocates assets among a diversified mix of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds to support systematic withdrawals for retirees. Its allocation automatically adjusts over time, reducing equity exposure and increasing fixed income as the target date approaches, ultimately aligning with the Fidelity Managed Retirement Income Fund. The fund is especially suited for investors approaching retirement age who expect to begin regular distributions, and it aims to provide a balanced approach to both preserving capital and supporting income needs throughout retirement. Fidelity’s management team periodically reviews and may adjust asset allocations to align with shareholder interests and changing market conditions.