Fidelity Managed Retirement Income Fund
FIRMX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Fidelity Managed Retirement Income Fund (FIRMX) is an open-end mutual fund managed by Fidelity Investments that seeks high current income with capital appreciation as a secondary objective. The fund employs a stable neutral asset allocation strategy, investing primarily in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds to support a withdrawal strategy for retirement income; its portfolio typically features approximately 66% in U.S. bonds, 9% in U.S. stocks, 12% in non-U.S. stocks, 6% in non-U.S. bonds, and 6% in cash. It serves investors targeting retirement income through diversified, multi-asset class exposure with a blend style for equities and high credit quality, moderate interest-rate sensitivity for bonds; the fund operates globally via underlying funds but is domiciled in the United States. Launched on August 30, 2007, the fund is part of Fidelity Investments' target-date retirement lineup and is headquartered in Boston, Massachusetts, the base of its parent company Fidelity Management & Research Company (FMR), founded in 1946. Current portfolio managers include Andrew Dierdorf (since June 2009), Brett Sumsion (since January 2014), and newer additions Finola McGuire Foley and Cait Dourney (both since June 2025), reflecting recent management team enhancements to bolster expertise in global asset allocation. No major acquisitions, funding rounds, or strategic shifts specific to FIRMX have been reported in the last 1-2 years, with the fund maintaining its core focus amid stable performance delivering a year-to-date return of about 9.76% and a dividend yield of 2.91% as of late 2025.