Fidelity Managed Retirement Funds - Fidelity Managed Retirement 2005 Fund
FIOTX
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.Quarterly Dividends 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 02210
- IPO Date
- Aug 31, 2007
- CIK
- 0000751199
- Similar Companies
- Business
- Fidelity Managed Retirement Funds - Fidelity Managed Retirement 2005 Fund (FIOTX) operates as a target-date mutual fund series managed by Fidelity Investments, focusing on providing retirement income for investors who have already retired or plan to retire around 2005. The fund invests primarily in a diversified portfolio of underlying Fidelity mutual funds, including U.S. and non-U.S. equities, U.S. investment-grade bonds, inflation-protected bonds, high-yield debt, floating-rate debt, and short-term instruments, with a conservative allocation emphasizing fixed-income assets such as approximately 53% U.S. bonds, 18% non-U.S. stocks, 17% U.S. stocks, 8% non-U.S. bonds, and 4% cash to generate high current income and secondary capital appreciation while managing risk through gradual de-risking. It serves individual and institutional retirement savers in the United States, forming part of Fidelity's broader target-date offerings that adjust allocations over time based on proximity to or beyond the target retirement date. Fidelity Investments, the issuer and manager founded in 1946 and headquartered at 245 Summer Street in Boston, Massachusetts, oversees the fund within its extensive lineup of retirement products, including 401(k) plans, IRAs, brokerage services, wealth management, and other mutual funds. The company operates globally with over 78,000 associates across 11 countries, 14 regional sites, and 217 investor centers, targeting retail investors, employers, and institutions primarily in the U.S. but with international reach in areas like Ireland, India, and Germany. In recent developments, Fidelity Investments reported robust growth in retirement savings through 2024 and into 2025, with average 401(k) balances reaching record highs, an 11% year-over-year increase in 401(k) balances, 13% growth in IRA accounts, and 22.6% rise in IRA assets as of Q4 2024, alongside nearly 40% of savers boosting contributions by an average of 2.9%. The firm launched new technology offerings for wealth management firms, including Wealthscape Intelligence and digital onboarding enhancements in September 2025, and expanded actively managed strategies in Fidelity Managed FidFolios for retirement accounts. Additionally, Fidelity pursued mergers of select funds in 2025 to consolidate similar offerings, enhance scale, reduce fees, and improve diversification for shareholders, as part of ongoing product line reviews, while noting fiercer competition in RIA acquisitions with 16 new buyers entering the market in 2025.