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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$55.10

$14.9 M

1.88%

$1.03

0.25%

Vitals

YTD Return

1.3%

1 yr return

6.9%

3 Yr Avg Return

0.1%

5 Yr Avg Return

N/A

Net Assets

$14.9 M

Holdings in Top 10

81.8%

52 WEEK LOW AND HIGH

$55.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$55.10

$14.9 M

1.88%

$1.03

0.25%

FRYMX - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Semi-Monthly
  • Net Income Ratio 0.95%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Managed Retirement Income Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Sep 24, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Z6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew Dierdorf

Fund Description

Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds) in a manner that supports a withdrawal strategy to provide investors with income in retirement.Allocating assets according to a stable neutral asset allocation strategy (approximately 11% in U.S. equity funds, 8% in international equity funds, 43% in U.S. investment grade bond funds, 5% in international bond funds, 3% in long-term treasury bond funds, 20% in short-term inflation-protected bond funds, and 10% in short-term funds). Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders.Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.Allocating assets among underlying Fidelity® funds and futures according to a stable neutral asset allocation of approximately: U.S. Equity Funds 11% International Equity Funds 8% International Bond Funds 5% U.S. Investment Grade Bond Funds 43% Long-Term Treasury Bond Funds 3% Long-Term Inflation-Protected Bond Funds 0% Short-Term Inflation-Protected Bond Funds 20% Short-Term Funds 10% * The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding. The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. The fund's investment objective is intended to support a withdrawal strategy to provide investors with income in retirement. Please contact Fidelity or your investment professional for more information.
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FRYMX - Performance

Return Ranking - Trailing

Period FRYMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -0.8% 6.6% 73.96%
1 Yr 6.9% 0.0% 13.3% 71.88%
3 Yr 0.1%* -6.1% 4.4% 69.68%
5 Yr N/A* -4.5% 5.5% 69.77%
10 Yr N/A* 1.6% 5.0% 36.89%

* Annualized

Return Ranking - Calendar

Period FRYMX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% -9.8% 12.8% 62.30%
2022 -15.5% -38.3% -3.8% 40.84%
2021 -0.8% -9.1% 10.3% 47.09%
2020 5.9% -13.4% 12.6% 41.07%
2019 N/A -1.1% 13.9% N/A

Total Return Ranking - Trailing

Period FRYMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -0.8% 6.6% 73.96%
1 Yr 6.9% 0.0% 13.3% 71.88%
3 Yr 0.1%* -6.1% 4.4% 69.68%
5 Yr N/A* -4.5% 5.5% 62.58%
10 Yr N/A* 1.6% 5.0% 33.66%

* Annualized

Total Return Ranking - Calendar

Period FRYMX Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% -9.8% 15.4% 69.63%
2022 -11.5% -16.9% -2.9% 43.46%
2021 3.0% -3.8% 10.3% 67.72%
2020 8.8% -13.4% 16.6% 64.29%
2019 N/A 4.7% 25.2% N/A

NAV & Total Return History


FRYMX - Holdings

Concentration Analysis

FRYMX Category Low Category High FRYMX % Rank
Net Assets 14.9 M 1.16 M 35.3 B 93.23%
Number of Holdings 33 2 1413 32.81%
Net Assets in Top 10 11.6 M 931 K 36.5 B 93.75%
Weighting of Top 10 81.76% 4.6% 101.7% 60.67%

Top 10 Holdings

  1. Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund 20.34%
  2. Fidelity Series Investment Grade Bond Fund 12.51%
  3. Fidelity Series Government Bond Index Fund 12.48%
  4. Fidelity Series Investment Grade Securitized Fund 8.37%
  5. Fidelity Series Corporate Bond Fund 8.33%
  6. Fidelity Series Treasury Bill Index Fund 5.58%
  7. Fidelity Series Emerging Markets Opportunities Fund 4.24%
  8. Fidelity Series International Developed Markets Bond Index Fund 4.05%
  9. Fidelity Series Long-Term Treasury Bond Index Fund 3.97%
  10. Fidelity Series Short-Term Credit Fund 1.89%

Asset Allocation

Weighting Return Low Return High FRYMX % Rank
Stocks
99.84% 0.00% 100.13% 27.60%
Convertible Bonds
0.91% 0.00% 6.56% 33.33%
Cash
0.16% -24.70% 53.61% 78.65%
Preferred Stocks
0.00% 0.00% 11.70% 83.85%
Other
0.00% -0.07% 5.62% 82.81%
Bonds
0.00% 0.00% 109.30% 96.88%

Stock Sector Breakdown

Weighting Return Low Return High FRYMX % Rank
Financial Services
19.66% 11.53% 20.26% 10.32%
Technology
17.20% 16.20% 25.61% 84.52%
Consumer Cyclical
11.75% 4.61% 13.00% 7.74%
Industrials
11.36% 7.75% 12.84% 27.10%
Healthcare
9.50% 6.38% 14.87% 89.68%
Basic Materials
7.81% 2.71% 8.17% 10.97%
Communication Services
6.88% 4.20% 8.42% 46.45%
Consumer Defense
5.82% 4.27% 8.57% 73.55%
Energy
5.71% 2.88% 13.48% 20.00%
Real Estate
2.25% 1.86% 19.30% 85.81%
Utilities
2.07% 1.85% 8.79% 90.97%

Stock Geographic Breakdown

Weighting Return Low Return High FRYMX % Rank
US
99.84% 0.00% 100.13% 27.60%
Non US
0.00% 0.00% 17.40% 83.85%

FRYMX - Expenses

Operational Fees

FRYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.06% 13.37% 72.25%
Management Fee 0.25% 0.00% 0.79% 71.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

FRYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FRYMX 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.

FRYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 121.26% 53.70%

FRYMX - Distributions

Dividend Yield Analysis

FRYMX Category Low Category High FRYMX % Rank
Dividend Yield 1.88% 0.00% 9.68% 42.19%

Dividend Distribution Analysis

FRYMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

FRYMX Category Low Category High FRYMX % Rank
Net Income Ratio 0.95% -0.06% 5.71% 83.89%

Capital Gain Distribution Analysis

FRYMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Monthly Annually Semi-Annually Annually

Distributions History

View More +

FRYMX - Fund Manager Analysis

Managers

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 01, 2009

13.01

13.0%

Andrew Dierdorf is co-manager of each fund, which he has managed since October 2009 (other than Fidelity Freedom® Index 2055 Fund, Fidelity Freedom® Index 2060 Fund, and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2055 Fund since June 2011, Fidelity Freedom® Index 2060 Fund since August 2014, and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Dierdorf has worked as a portfolio manager.

Brett Sumsion


Start Date

Tenure

Tenure Rank

Jan 21, 2014

8.36

8.4%

Brett Sumsion is co-manager of each fund, which he has managed since January 2014 (other than Fidelity Freedom® Index 2060 Fund and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2060 Fund since August 2014 and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2014, Mr. Sumsion has worked as a portfolio manager. 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 17.59 6.51 3.75