Fidelity Managed Retirement Income Fund (FIRMX)
Fidelity Managed Retirement Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $60.37, up 0.08% on the session, giving a market capitalisation of $16.9M. Its beta of 0.34 implies it has historically moved less than the broad market.
This fund primarily aims to generate significant current income, with capital appreciation as a secondary goal. It achieves this by investing in a diversified portfolio of underlying Fidelity® funds, encompassing U.S. and international equities, fixed-income instruments, and short-term holdings. This strategic blend is specifically designed to facilitate a systematic withdrawal strategy, providing investors with a consistent income stream throughout their retirement years. The fund's assets are managed according to a steady and balanced allocation approach by the portfolio manager.
Fidelity Managed Retirement Income Fund is most often compared with the following Financial Services names: