Fidelity Advisor Managed Retirement 2005 Fund Class I
FIOIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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 Advisor Managed Retirement 2005 Fund Class I (FIOIX) is an actively managed target-date mutual fund offered by Fidelity Investments that seeks high current income and, secondarily, capital appreciation through approximately retirement in or around 2005. The fund invests primarily in a combination of Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds, with an asset allocation emphasizing fixed income such as U.S. bonds (around 48%), U.S. stocks (21%), non-U.S. stocks (19%), non-U.S. bonds (7%), and cash equivalents; top holdings include Fidelity Series Government Bond Index Fund, Fidelity Series Investment Grade Bond Fund, Fidelity Series Inflation-Protected Bond Index Fund, Fidelity Series Corporate Bond Fund, and Fidelity Series Investment Grade Securitized Fund. It operates within the target-date 2000-2010 category, serving retirement savers in or past their target year, with net assets of approximately $5.08 million, an inception date of August 30, 2007, and availability to U.S. investors through financial advisors. Fidelity Investments, headquartered in Boston, Massachusetts and founded in 1946, manages the fund as part of its broader suite of retirement and target-date strategies, including related Fidelity Freedom and Advisor series funds; the fund has no noted subsidiaries or parent relationships beyond Fidelity's oversight. Geographically, it focuses on U.S.-centric investments with international exposure via underlying funds, targeting individual and institutional retirement accounts. In recent developments, Fidelity announced updates to its target-date glide paths across funds including the Managed Retirement series, increasing equity exposure by 0.5-9% (funded by fixed income reductions), boosting inflation-sensitive assets like U.S. Treasury Inflation-Protected Securities (TIPS), and adding commodities for investors near or in retirement; the transition begins in Q4 2025 and completes by Q1 2026. No mergers, acquisitions, funding rounds, or new product launches specific to FIOIX occurred within the last 1-2 years, though the fund remains open to eligible investors following a 2020 soft close and merger of the related base Fidelity Managed Retirement 2005 Fund into Fidelity Managed Retirement Income Fund. These glide path adjustments reflect Fidelity's strategic response to longevity risk, inflation concerns, and reliance on target-date funds for retirement income.