Fidelity Managed Retirement Funds - Fidelity Managed Retirement 2005 Fund
FIOCX
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USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Aug 31, 2007
- CIK
- 0000751199
- Similar Companies
- Business
- Fidelity Managed Retirement Funds (FMR Funds) is a suite of target-maturity mutual funds offered by Fidelity Investments that invest primarily in a combination of underlying Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds to support a withdrawal strategy providing income during retirement. The funds follow an asset allocation that gradually becomes more conservative as they approach their respective horizon dates, the years closest to when investors turn 70, with longer-horizon funds allocating more to equities and shorter-horizon funds emphasizing fixed income and short-term investments; core offerings include Fidelity Managed Retirement Income Fund (FIRMX), 2010 Fund (FIRQX), 2015 Fund (FIRSX), 2020 Fund (FIRVX), 2025 Fund (FIXRX), 2030 Fund (FMRAX), 2035 Fund (FMRTX), among others, featuring diversified holdings such as Fidelity Series Large Cap Stock Fund, Series Overseas Fund, Series Investment Grade Bond Fund, Series 0-5 Year TIPS Index, and Series Emerging Markets Opportunities Fund. FMR Funds target retirement investors seeking total return through current income and capital growth until the horizon date, with no automatic liquidation and an expectation of eventual merger into the Managed Retirement Income Fund. Fidelity Investments, the parent entity managing FMR Funds, was founded in 1946 and is headquartered in Boston, Massachusetts, operating globally with a focus on the United States market through brokerage, retirement plans, wealth management, and mutual funds serving over 40 million clients. The funds employ active management leveraging Fidelity's research resources across asset classes, with portfolio weights as of July 31, 2025, typically including U.S. equities (9%-21%), non-U.S. equities (13%-21%), U.S. investment-grade bonds (34%-42%), inflation-protected bonds, high-yield debt, emerging-markets debt, commodities, real estate debt, and short-term investments. In recent developments, Fidelity Managed Retirement 2005 Fund (ticker: FIOCX), part of the Fidelity Income Fund series and intended for the shortest horizon in the suite, was closed to new investors and merged into Fidelity Managed Retirement Income Fund, reflecting a strategic consolidation to streamline offerings for investors nearing or in retirement; this reorganization aligns with Fidelity's broader pattern of fund mergers approved in 2024-2025, including equity fund combinations, to enhance efficiency and shareholder value without impacting ongoing performance objectives. No major new partnerships, funding rounds, or product launches specific to FMR Funds were reported in the last 1-2 years, though the series maintained positive returns for the fiscal year ending July 31, 2025 (5.97%-8.71% across funds), amid active adjustments to asset allocations in response to market volatility from U.S. policy shifts and global events. These changes support Fidelity's ongoing emphasis on diversified, research-driven strategies amid economic expansion and inflation concerns.