Fidelity Advisor Managed Retirement Income Fund - Class A (FRAMX)
| Fund Assets | 17.82M |
| Expense Ratio | 0.70% |
| Min. Investment | $0.00 |
| Turnover | 52.00% |
| Dividend (ttm) | 1.69 |
| Dividend Yield | 2.65% |
| Dividend Growth | 9.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 6, 2026 |
| Previous Close | 63.66 |
| YTD Return | 2.02% |
| 1-Year Return | 9.36% |
| 5-Year Return | 11.07% |
| 52-Week Low | 56.51 |
| 52-Week High | 63.66 |
| Beta (5Y) | n/a |
| Holdings | 35 |
| Inception Date | Aug 30, 2007 |
About FRAMX
Fidelity Advisor Managed Retirement Income Fund - Class A is a mutual fund designed to provide steady income for individuals in or approaching retirement. As a target-date retirement fund, it primarily focuses on preserving capital while generating income through a well-diversified portfolio. The fund allocates assets across a mix of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term investments, following a stable, neutral asset allocation strategy to support systematic withdrawals for retirees. This diversification is intended to balance income generation with risk management, reducing the impact of market fluctuations on retirement savings. Managed by Fidelity, the fund emphasizes high current income with some potential for capital appreciation as a secondary goal. It typically holds a relatively concentrated mix of underlying funds, with the majority of assets in its top ten holdings. The fund distributes income monthly, supporting regular cash flows needed by retirees. With a below-average risk rating relative to its peers and a moderate expense ratio, the fund is tailored to those seeking a managed solution for income in retirement, leveraging Fidelity’s expertise in multi-asset strategies and long-term portfolio construction.
Performance
FRAMX had a total return of 9.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.52%.
Top 10 Holdings
78.80% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Srs 0-5 Yr Inf-Ptctd Bd Idx | FSTZX | 18.42% |
| Fidelity Series Government Bond Index Fund | FHNFX | 13.75% |
| Fidelity Series Investment Grade Bond Fund | FSIGX | 12.74% |
| Fidelity Series Corporate Bond Fund | FHMFX | 8.22% |
| Fidelity Series Investment Grade Securitized Fund | FHPFX | 7.78% |
| Fidelity Series Intl Dev Mkts Bd Idx | FSTQX | 4.92% |
| Fidelity Series Treasury Bill Index | FHQFX | 4.60% |
| Fidelity Series Long-Term Treasury Bond Index Fund | FTLTX | 2.91% |
| Fidelity Series Emerging Markets Opportunities Fund | FEMSX | 2.91% |
| Fidelity Series Large Cap Value Index Fund | FIOOX | 2.56% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 6, 2026 | $0.058 | Feb 9, 2026 |
| Dec 30, 2025 | $0.712 | Dec 31, 2025 |
| Nov 7, 2025 | $0.200 | Nov 10, 2025 |
| Oct 3, 2025 | $0.076 | Oct 6, 2025 |
| Sep 5, 2025 | $0.068 | Sep 8, 2025 |
| Aug 1, 2025 | $0.175 | Aug 4, 2025 |