Fidelity Managed Retirement 2015 Fund
FIRSX
NASDAQ- -
USD
- -
- -
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.- 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 2015 Fund (FIRSX) is a target-date mutual fund offered by Fidelity Investments that provides retirement investors with a professionally managed, diversified portfolio designed to optimize return and risk based on a 2015 target retirement date. The fund allocates assets across U.S. and non-U.S. stocks, U.S. and non-U.S. bonds, short-term investments, and other assets, primarily through investments in Fidelity Series underlying funds including Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (16.20%), Fidelity Series Government Bond Index Fund (12.51%), Fidelity Series Investment Grade Bond Fund (11.65%), Fidelity Series Corporate Bond Fund (7.53%), Fidelity Series Investment Grade Securitized Fund (7.19%), Fidelity Series International Developed Markets Bond Index Fund (4.93%), Fidelity Series Emerging Markets Opportunities Fund (3.92%), Fidelity Series Large Cap Value Index Fund (3.81%), Fidelity Series Long-Term Treasury Bond Index Fund (3.59%), and Fidelity Series Treasury Bill Index Fund (3.18%); as of recent portfolio data, approximately 62% is in U.S. bonds, 15% in non-U.S. stocks, 13% in U.S. stocks, 7% in non-U.S. bonds, 3% in cash, and minimal other assets. It follows a preset glide path that shifts toward more conservative allocations, such as increased fixed income and inflation-sensitive assets like TIPS, as the target date approaches and extends into retirement. Launched on August 30, 2007, the fund is managed by a team at Fidelity Investments, including portfolio manager Andrew Dierdorf (since June 1, 2009) and Brett Sumsion (since January 21, 2014), with an average management tenure of over 10 years on similar funds. Fidelity Investments, the fund's sponsor and adviser, is a Boston, Massachusetts-based asset manager founded in 1946 with $5.8 trillion in discretionary assets under management and global operations serving individual and institutional investors. In recent years, Fidelity has implemented strategic updates to its target-date glide paths across the Managed Retirement series, including FIRSX, by increasing equity exposure by 0.5% to 9% for certain vintages (funded by reductions in fixed income or short-term debt) and boosting inflation-sensitive assets like U.S. Treasury Inflation-Protected Bonds (TIPS) for investors near or in retirement to better support retirement income needs; these changes reflect enhanced retirement research and aim to improve long-term outcomes. The fund maintains a low net expense ratio of 0.46%, no-load share class structure, and 40% turnover, with total assets under management of approximately $5.4 million as of late 2025. It targets retirement savers approaching or past 2015, forming part of Fidelity's broader suite of target-date funds available primarily to U.S. investors through retirement plans and brokerage accounts.