Fidelity Advisor Managed Retrmt Inc A (FRAMX)

Fund Assets	17.82M
Expense Ratio	0.70%
Min. Investment	$0.00
Turnover	52.00%
Dividend (ttm)	1.54
Dividend Yield	2.55%
Dividend Growth	15.52%
Payout Frequency	n/a
Ex-Dividend Date	Jun 10, 2026

Previous Close	60.40
YTD Return	106.97%
1-Year Return	116.63%
5-Year Return	125.72%
52-Week Low	57.42
52-Week High	60.82
Beta (5Y)	0.20
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.

• Fund Family: Fidelity
• Category: Target-Date Retirement
• Performance Rating: Low
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FRAMX
• Share Class: Class A
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

FRAMX had a total return of 116.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.80%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FRHMX	Class K6	0.25%
FRKMX	Class K	0.35%
FRIMX	Fidelity Advisor Managed Retirement Income Fund: Class I	0.45%

Top 10 Holdings

77.66% of assets

Name	Symbol	Weight
Fidelity Srs 0-5 Yr Inf-Ptctd Bd Idx	FSTZX	18.20%
Fidelity Series Government Bond Index Fund	FHNFX	13.40%
Fidelity Series Investment Grade Bond Fund	FSIGX	12.31%
Fidelity Series Corporate Bond Fund	FHMFX	7.97%
Fidelity Series Investment Grade Securitized Fund	FHPFX	7.38%
Fidelity Series Intl Dev Mkts Bd Idx	FSTQX	4.93%
Fidelity Series Treasury Bill Index	FHQFX	4.16%
Fidelity Series Emerging Markets Opportunities Fund	FEMSX	4.06%
Fidelity Series Large Cap Value Index Fund	FIOOX	2.82%
Fidelity Series Long-Term Treasury Bond Index Fund	FTLTX	2.44%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 10, 2026	$0.154	Jun 11, 2026
May 1, 2026	$0.122	May 4, 2026
Apr 1, 2026	$0.089	Apr 2, 2026
Mar 6, 2026	$0.071	Mar 9, 2026
Feb 6, 2026	$0.058	Feb 9, 2026
Dec 30, 2025	$0.712	Dec 31, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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