Address And Details

82 Devonshire St , Boston, MA 02109
Fund Manager Andrew Dierdorf
Manager Tenure 12 Years 3 Months

Strategy And Objective

The Fund seeks total return until its horizon date through a combination of current income and capital growth. Thereafter, the funds objective will be to seek high current income and, as a secondary objective, capital appreciation. Investing primarily in a combination of Fidelity domestic 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 neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Managed Retirement Income Fund, approximately 10 to 20 years after the year 2025. FMR Co., Inc. (the Adviser) may modify the funds neutral asset allocations from time to time when in the interests of shareholders. The Adviser has begun transitioning fund assets based on a revised asset allocation strategy for the fund that is expected to be completed by mid 2020, as illustrated in the following chart. 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. The neutral asset allocation shown in the glide path depicts the allocation to domestic equity funds, international equity funds, bond funds (including investment grade debt, inflation protected debt, and long term treasury debt), and short term funds. The Adviser, under normal market conditions, will make investments that are consistent with seeking total return for several years beyond the fund's horizon date in an effort to achieve the fund's overall investment objective. As of August 1, 2019, the fund's neutral asset allocation to underlying Fidelity funds and futures was approximately: Domestic Equity Funds* 33% International Equity Funds*17% Bond Funds*44% Short Term Funds* 6% 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.

Net Asset Value

as of 5:22 PM ET 09/17/2021

Performance

  • 1 Week
  • -0.41%
  • 1 Month
  • -0.37%
  • 3 Months
  • +0.66%
  • 1 Yr Return
  • +11.88%
  • 5 Yr Return
  • +6.64%

Equity Sector Breakdown

Finance 91.57%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Other 91.57%
Stocks 8.43%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 770.00 K

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.28 -0.03 -0.56
Beta 0.50 0.50 0.58
R Squared 0.91 0.90 0.89
Std Deviation 9.76 7.93 8.22
Sharpe Ratio 0.96 1.09 n/a

Purchase Information

as of 5:17 PM ET 09/16/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +15.93%
  • +21.24%
+15.93% +21.24%
3 Year
  • +10.02%
  • +10.17%
+10.02% +10.17%
10 Year
  • +9.02%
  • +8.25%
+9.02% +8.25%
Life Of Fund
  • +6.61%
  • +6.57%
+6.61% +6.57%

Top 10 Holdings

Symbol Company Name % Of Assets
FEMSX FIDELITY SER EMER MKT OPPTY F 9.53%
FSIGX FIDELITY SERIES INV GRADE BD 8.76%
FHNFX FIDELITY SERIES GOV BOND INDX 7.93%
FSIPX FIDELITY SER INFL PR BOND ID 7.49%
FIOOX FIDELITY SER LCAP VAL INDEX 7.12%
FHMFX FIDELITY SERIES CORPORATE BON 6.39%
FHPFX FIDELITY SERIES INV GRADE SEC 6.10%
FSBDX FIDELITY SER BLUE CHIP GR FD 5.23%
FGLGX FIDELITY SER GROWTH & INCOME 3.68%
FHOFX FIDELITY SERIES LCAP GR INDEX 3.35%

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