FRHMX

About FRHMX

Fidelity Managed Retirement Income Fund Class K6 is a mutual fund designed to support investors entering or already in retirement. Its primary function is to provide a combination of current income and capital preservation by investing in a diversified mix of asset classes, primarily high-quality bonds and income-generating securities, with a smaller allocation to equities for potential growth. The fund is structured as a 'target-date retirement' product, focusing on maintaining an appropriate risk profile for investors who have reached or are nearing retirement age. Key features include a broad exposure to both domestic and international fixed income instruments, such as inflation-protected bonds, government and corporate bonds, and select equity holdings. Notably, the top portfolio allocations are to short-duration inflation-protected and government bonds, reflecting an emphasis on income stability and risk management. With an expense ratio of only 0.25% and a turnover ratio around 25%, the fund seeks to offer efficient management and minimize costs for investors. Its income orientation is further highlighted by a trailing twelve-month yield of approximately 3.1%. Serving as a core holding for retirement portfolios, the fund's diversified approach supports steady withdrawals while seeking to manage longevity and market risks.