Fidelity Simplicity RMD 2010 Fund
FIRRX
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- Fidelity Simplicity RMD 2010 Fund (FIRRX) is a target-date mutual fund offered by Fidelity Investments that seeks total return through a combination of current income and capital growth by investing in underlying Fidelity equity, bond, and short-term funds. The fund targets investors nearing or in retirement around 2010, allocating assets across U.S. equity funds, international equity funds, bond funds, and short-term funds to balance income generation and moderate growth while gradually reducing equity exposure over time; it features a no-load share class with an expense ratio of approximately 0.47%. Fidelity Investments, headquartered in Boston, Massachusetts, manages the fund as part of its broader Simplicity RMD series, launched with an inception date of September 2007. The fund maintains a conservative portfolio suitable for required minimum distribution (RMD) withdrawals, emphasizing Morningstar's Target-Date 2000-2010 category with allocations typically favoring fixed income and short-term instruments alongside limited equity exposure for diversification. It serves individual and institutional retirement savers primarily in the United States, with no significant international geographic operations beyond underlying fund exposures. Recent performance as of late 2025 shows a year-to-date return of 5.58%, a 1-year trailing return of approximately 6.40%, and net assets around $9.46 million, reflecting steady but modest growth amid market volatility. In a notable operational shift prior to June 1, 2017, the fund operated under the name Fidelity Advisor Simplicity RMD 2010 Fund before transitioning to its current branding as part of Fidelity's Simplicity RMD Funds lineup, with no major acquisitions, funding rounds, or new product launches reported in the last 1-2 years. Portfolio management remains under Fidelity's experienced team, with average tenure exceeding a decade at the firm.