Fidelity Simplicity RMD Income Fund
FIRNX
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 - Income
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Aug 30, 2007
- CIK
- 0000751199
- Similar Companies
- Business
- Fidelity Simplicity RMD Income Fund (FIRNX) is a mutual fund managed by Fidelity Investments that seeks high current income and, secondarily, capital appreciation by investing in a diversified portfolio of underlying Fidelity funds. The fund allocates assets across U.S. equity funds, international equity funds, bond funds, and short-term funds to support a systematic withdrawal plan designed for required minimum distribution (RMD) needs in retirement; typical holdings include Fidelity Series Investment Grade Bond Fund, Fidelity Series Emerging Markets Fund, Fidelity Series Growth Company Fund, and Fidelity Series Large Cap Stock Fund, with bonds comprising approximately 65-72% of the portfolio, U.S. investment-grade bonds around 40%, and equities the balance. It operates within the target-date retirement income category, targeting retirement investors requiring stable income streams, with a net expense ratio of 0.46%, no front-end load, and a focus on income generation through daily distributions. Launched on August 30, 2007, the fund is headquartered in Boston, Massachusetts, as part of Fidelity Investments' extensive family of over 400 mutual funds serving retail and institutional clients globally, primarily in the United States. Geographically, its underlying funds provide exposure to U.S., developed international, emerging markets, and global fixed-income securities, enabling broad diversification without direct overseas operations by the fund itself. No major acquisitions, funding rounds, partnerships, or strategic shifts have been announced for the fund in the last 1-2 years; it maintains its core fund-of-funds structure with stable management tenure averaging several years at Fidelity. Recent portfolio adjustments reflect minor reallocations, such as increased weighting in emerging markets funds and U.S. investment-grade bonds as of late 2024, aligning with its income-focused objective amid fixed-income market volatility. The fund's assets under management stand at approximately $27 million, with year-to-date returns around 4.52% as of late 2025.