Fidelity Managed Retirement 2025 Fund
FIRFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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
- Dec 31, 2007
- CIK
- 0000751199
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Managed Retirement 2025 Fund (FIRFX) is an open-end mutual fund that seeks high current income and, as a secondary objective, capital appreciation by investing in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds in a manner that supports a withdrawal strategy to provide investors with income in retirement. The fund allocates across asset classes including approximately 48% U.S. bonds, 21% U.S. stocks, 19% non-U.S. stocks, 7% non-U.S. bonds, and 4% cash, with top holdings such as Fidelity Series Government Bond Index Fund, Fidelity Series Investment Grade Bond Fund, Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund, Fidelity Series Corporate Bond Fund, and Fidelity Series Investment Grade Securitized Fund comprising about 41% of the portfolio; it operates within the Target-Date 2025 category with a large-blend investment style, high credit quality, and moderate interest-rate sensitivity. Launched on December 31, 2007, the fund is managed by Fidelity Management & Research Company LLC, a subsidiary of Fidelity Investments, which was founded in 1946 and is headquartered at 245 Summer Street in Boston, Massachusetts. Geographically, the fund primarily serves investors in the United States through institutional share classes with no minimum initial investment and a net expense ratio of 0.47%. In recent developments, Fidelity announced updates to its target date glide paths in Q4 2025, including increased equity exposure by 0.5-9% (funded from fixed income or short-term debt) for early-career and retirement investors, alongside higher allocations to inflation-sensitive assets such as U.S. Treasury Inflation-Protected Bonds (TIPS) for those near or in retirement to better support retirement income needs. The fund maintains a turnover rate of 36-45% and total net assets of approximately $52-56 million as of late 2025, with no reported acquisitions, mergers, or partnerships specific to FIRFX in the last 1-2 years.