Fidelity Managed Retirement 2030 Fund (FMRAX)
Fidelity Managed Retirement 2030 Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $13.03, down 1.88% on the session, giving a market capitalisation of $57.4M. Its beta of 0.58 implies it has historically moved less than the broad market.
The Fidelity Managed Retirement 2030 Fund aims to achieve comprehensive returns, combining capital appreciation with current income generation, right up to its designated target date. To accomplish this, the fund predominantly allocates its assets across a diverse portfolio of Fidelity-branded holdings, including U.S. and international equity funds, fixed-income funds, and short-term investments. This investment approach is specifically structured to support a systematic withdrawal plan, ensuring investors receive a steady stream of income during their retirement years.
Fidelity Managed Retirement 2030 Fund is most often compared with the following Financial Services names: