FRIMX: Fidelity Advisor Managed Retiremt Inc I

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FRIMX Fidelity Advisor Managed Retiremt Inc I


Profile

FRIMX - Profile

Vitals

  • YTD Return -4.1%
  • 3 Yr Annualized Return -2.1%
  • 5 Yr Annualized Return -0.9%
  • Net Assets $8.59 M
  • Holdings in Top 10 79.9%

52 WEEK LOW AND HIGH

$56.12
$53.94
$59.28

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.46%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jan 29, 2016
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date Retirement

Distributions

  • YTD Total Return -4.1%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.08%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Managed Retirement Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Aug 30, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew Dierdorf

Fund Description

The fund invests in a combination of Fidelity® domestic equity funds, international equity funds, bond funds, and short-term funds in a manner that supports a withdrawal strategy to provide investors with income in retirement. The manager allocates assets according to a stable neutral asset allocation strategy.


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Categories

Fund Company Quick Screens

FRIMX - Fund Company Quick Screens


Performance

FRIMX - Performance

Return Ranking - Trailing

Period FRIMX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -20.5% 0.5% 8.14%
1 Yr -0.7% -21.4% 9.1% 5.97%
3 Yr -2.1%* -8.5% 2.6% 56.01%
5 Yr -0.9%* -5.4% 1.1% 35.36%
10 Yr 1.9%* -4.8% 4.5% 28.86%

* Annualized

Return Ranking - Calendar

Period FRIMX Return Category Return Low Category Return High Rank in Category (%)
2019 7.8% -2.4% 20.5% 82.14%
2018 -6.2% -19.1% -3.6% 10.74%
2017 -1.5% -12.3% 18.0% 93.08%
2016 3.5% -4.2% 7.1% 56.71%
2015 -1.9% -10.7% -0.3% 3.36%

Total Return Ranking - Trailing

Period FRIMX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -20.5% 0.5% 8.14%
1 Yr -0.7% -21.4% 9.1% 5.97%
3 Yr 2.1%* -8.5% 5.5% 10.39%
5 Yr 2.3%* -4.8% 5.2% 16.36%
10 Yr 4.6%* -4.8% 7.3% 21.54%

* Annualized

Total Return Ranking - Calendar

Period FRIMX Return Category Return Low Category Return High Rank in Category (%)
2019 7.8% -2.4% 20.5% 82.80%
2018 -2.0% -19.1% -0.9% 1.79%
2017 7.1% -12.3% 22.2% 80.50%
2016 5.2% 0.2% 9.3% 51.08%
2015 -0.3% -9.4% 0.7% 10.64%

NAV & Total Return History


Holdings

FRIMX - Holdings

Concentration Analysis

FRIMX Category Low Category High FRIMX % Rank
Net Assets 8.59 M 55.5 K 44.8 B 83.11%
Number of Holdings 33 1 581 6.24%
Net Assets in Top 10 7.04 M 55.5 K 44.8 B 84.02%
Weighting of Top 10 79.90% 55.5% 100.0% 52.36%

Top 10 Holdings

  1. Fidelity® Series Treasury Bill Index 13.96%
  2. Fidelity® Series Infl-Prtct Bd Idx 12.11%
  3. Fidelity® Series Investment Grade Bond 11.72%
  4. Fidelity® Series Government Bd Idx 11.18%
  5. Fidelity® Series Corporate Bond 8.20%
  6. Fidelity® Series Invest Grd Securtzd 7.98%
  7. Fidelity® Series Short-Term Credit 4.68%
  8. Fidelity® Series Emerging Markets Opps 4.15%
  9. Fidelity® Series Commodity Strategy 3.23%
  10. Fidelity® Series Long-Term Trs Bd Idx 2.69%

Asset Allocation

Weighting Return Low Return High FRIMX % Rank
Bonds
62.98% -40.53% 79.60% 16.29%
Cash
19.00% -46.22% 112.41% 7.91%
Stocks
17.13% 0.00% 79.54% 97.11%
Convertible Bonds
0.66% 0.00% 1.36% 12.18%
Preferred Stocks
0.12% 0.00% 7.60% 46.42%
Other
0.11% -0.16% 100.02% 47.79%

Stock Sector Breakdown

Weighting Return Low Return High FRIMX % Rank
Financial Services
22.64% 3.32% 22.98% 3.08%
Technology
15.04% 2.95% 19.90% 59.85%
Industrials
10.89% 1.63% 16.11% 55.69%
Healthcare
10.80% 1.66% 18.37% 84.15%
Consumer Cyclical
10.57% 1.88% 12.18% 22.15%
Communication Services
8.07% 0.21% 10.71% 49.85%
Consumer Defense
6.75% 1.02% 13.89% 86.31%
Energy
5.61% 0.59% 15.11% 34.92%
Basic Materials
5.23% 0.76% 7.00% 11.69%
Real Estate
2.60% 0.43% 35.57% 87.85%
Utilities
1.80% 0.00% 13.14% 95.23%

Stock Geographic Breakdown

Weighting Return Low Return High FRIMX % Rank
Non US
10.92% 0.00% 32.55% 69.10%
US
6.21% 0.00% 56.48% 98.33%

Bond Sector Breakdown

Weighting Return Low Return High FRIMX % Rank
Government
41.88% 13.61% 99.28% 61.54%
Cash & Equivalents
22.72% 0.71% 112.41% 13.08%
Corporate
18.24% 0.00% 51.51% 71.08%
Securitized
16.96% 0.00% 40.02% 61.23%
Municipal
0.14% 0.00% 11.28% 60.31%
Derivative
0.06% -82.56% 31.23% 42.46%

Bond Geographic Breakdown

Weighting Return Low Return High FRIMX % Rank
US
58.13% -52.61% 75.61% 14.92%
Non US
4.85% -2.75% 26.87% 50.68%

Expenses

FRIMX - Expenses

Operational Fees

FRIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.00% 24.81% 57.99%
Management Fee 0.45% 0.00% 0.77% 90.21%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FRIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FRIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FRIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.00% 207.00% 85.81%

Distributions

FRIMX - Distributions

Dividend Yield Analysis

FRIMX Category Low Category High FRIMX % Rank
Dividend Yield 0.13% 0.00% 2.85% 8.68%

Dividend Distribution Analysis

FRIMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Quarterly Quarterly

Net Income Ratio Analysis

FRIMX Category Low Category High FRIMX % Rank
Net Income Ratio 2.08% 0.05% 4.60% 56.72%

Capital Gain Distribution Analysis

FRIMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FRIMX - Fund Manager Analysis

Managers

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 01, 2009

10.75

10.8%

Andrew Dierdorf is a portfolio manager in the Global Asset Allocation group at Fidelity Investments. In this role Mr. Dierdorf is responsible for co-managing multiple target date portfolios, including Fidelity ClearPath Portfolios, Fidelity Freedom Funds, and FIAM Target Date Strategies. Mr. Dierdorf joined Fidelity in 2004 and has been in the industry since 1993. Mr. Dierdorf earned his bachelor of science degree from the University of Delaware. He is a CFA charterholder, a Fellow of the Society of Actuaries, Chartered Market Technician, and Member of the American Academy of Actuaries.

Brett Sumsion


Start Date

Tenure

Tenure Rank

Jan 21, 2014

6.11

6.1%

Brett Sumsion is a portfolio manager in the Global Asset Allocation (GAA) group at Fidelity Investments. In this role, he is responsible for co-managing multiple target date portfolios, including Fidelity ClearPath Portfolios, Fidelity Income Replacement Funds, Fidelity Freedom Funds, and FIAM Target Date Strategies. Mr. Sumsion joined Fidelity in 2014 and has been in the investments industry since 2001. Mr. Sumsion earned his bachelor of arts degree from Brigham Young University and his MBA from The Wharton School at the University of Pennsylvania. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.43 4.72 0.16