Fidelity Managed Retirement 2010 Fund
FIRQX
NASDAQ- -
USD
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- -
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
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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
- Aug 30, 2007
- CIK
- 0000751199
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Managed Retirement 2010 Fund (FIRQX) is a target-date mutual fund that seeks high current income and, secondarily, capital appreciation until approximately 2010, after which it focuses on current income by reducing exposure to equity risk and increasing fixed-income allocations. The fund invests primarily in a combination of Fidelity U.S. equity funds, international equity funds, bond funds including Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund, Fidelity Series Government Bond Index Fund, Fidelity Series Investment Grade Bond Fund, Fidelity Series Corporate Bond Fund, and Fidelity Series Investment Grade Securitized Fund, and short-term funds; its asset allocation as of recent data shows approximately 64% U.S. bonds, 13% non-U.S. stocks, 9% U.S. stocks, 9% non-U.S. bonds, and 6% cash. Managed by Fidelity Investments, the fund operates globally through underlying funds targeting individual, institutional, and retirement plan investors such as 401(k) participants planning withdrawals around 2010. Launched on August 30, 2007, the fund is headquartered in Boston, Massachusetts, as part of Fidelity's broader suite of target-date and retirement income solutions including other Managed Retirement Funds and Sustainable Target Date Funds. It falls within the Morningstar Target-Date 2000-2010 category, with an adjusted expense ratio of 0.45%, no-load share class structure, and total net assets of approximately $7.4 million. The fund maintains a turnover rate of 59% and a 30-day SEC yield around 2.91%, with allocations diversified across high-quality bonds and conservative equities emphasizing financial services, technology, industrials, and consumer cyclical sectors. In the fiscal year ending July 31, 2025, the fund delivered positive returns for its Retail Class shares, aligning with Fidelity's ongoing management of its target-date series amid stable operations and no reported major mergers, acquisitions, partnerships, or strategic shifts within the last 1-2 years. Recent distributions include a dividend of $0.084 per share in October 2025, reflecting consistent income generation for nearing-retirement investors. The fund continues to operate without significant reorganizations, expense cap changes, or new product integrations noted in public filings.