Fidelity Managed Retirement 2005 Fund (FIROX)
Fidelity Managed Retirement 2005 Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $60.50, up 0.15% on the session, giving a market capitalisation of $5.6M. Its beta of 0.38 implies it has historically moved less than the broad market.
This investment vehicle strives to deliver comprehensive financial returns until its predetermined horizon date, achieving this through a blend of ongoing income generation and capital appreciation. It strategically allocates capital across a diversified selection of Fidelity's offerings, encompassing domestic and international equity portfolios, fixed-income instruments, and short-term investments. This multifaceted approach is meticulously structured to facilitate a sustainable withdrawal strategy, ensuring investors receive a steady income stream during retirement. The portfolio management team employs a balanced asset allocation methodology.
Fidelity Managed Retirement 2005 Fund is most often compared with the following Financial Services names: