About FRIMX
Fidelity Advisor Managed Retirement Income Fund – Class I is a target-date retirement mutual fund designed to provide investors with a reliable source of income during retirement, with a secondary focus on capital appreciation. Managed by Fidelity, the fund employs a diversified asset allocation strategy that invests in a mix of U.S. and international equity funds, bond funds, and short-term instruments. This combination is specifically structured to support systematic withdrawals suited to individuals seeking to maintain income stability in their post-retirement years.
A defining feature of this fund is its dynamic allocation model, which emphasizes risk management and income generation through a broad range of underlying Fidelity funds, including substantial exposure to investment-grade bonds, government bonds, and select equity holdings. The fund’s top ten holdings constitute a large portion of the portfolio, reflecting a focus on high-credit quality and liquidity. It is classified in the target-date retirement category and is aimed at institutional investors, offering no sales loads or 12b-1 fees for Class I shares. Through its adaptive asset mix and institutional structure, Fidelity Advisor Managed Retirement Income Fund – Class I plays a significant role in retirement planning solutions, addressing the evolving income needs of retirees.
Fund Family Fidelity
Category Target-Date Retirement
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FRIMX
Index Bloomberg U.S. Aggregate Bond TR
FRIMX had a total return of 9.85% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.40%.
