Fidelity Simplicity RMD 2020 Fund
FIRWX
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 Simplicity RMD 2020 Fund (FIRWX) is a target-date retirement fund managed by Fidelity Investments that provides a diversified portfolio designed to support required minimum distributions (RMDs) for investors born in or around 1937 or 1938. The fund invests primarily in a mix of equities, fixed income securities, and short-term instruments through underlying Fidelity mutual funds and exchange-traded funds (ETFs); these include U.S. and international stocks, investment-grade bonds, high-yield debt, inflation-protected securities, commodities, and cash equivalents, with allocations adjusted to balance income generation, capital preservation, and moderate growth while aiming to minimize tax implications from RMD withdrawals. It offers daily liquidity, automatic dividend reinvestment options, and professional management focused on retirement income needs for individual investors, financial advisors, and retirement plans targeting the RMD phase. Fidelity Investments, headquartered in Boston, Massachusetts, and founded in 1946, operates the fund as part of its broader Fidelity Simplicity suite, which encompasses target-date funds for various retirement horizons; the company serves retail and institutional clients globally across North America, Europe, and Asia-Pacific through brokerage, retirement services, wealth management, and asset management segments. The fund's parent entity maintains no major subsidiaries directly tied to FIRWX but integrates with Fidelity's ecosystem of over 400 proprietary funds and extensive ETF offerings. Geographically, operations emphasize U.S.-based investors with international exposure via underlying holdings. Recent developments include Fidelity's ongoing enhancements to its target-date fund lineup, such as the 2023 launch of tax-smart RMD-focused strategies across the Simplicity series to optimize after-tax returns amid evolving IRS regulations; in 2024, the firm announced strategic integrations of environmental, social, and governance (ESG) factors into select retirement funds, including low-volatility equity tilts in FIRWX's glide path. No significant acquisitions, name changes, or reorganizations specific to FIRWX occurred in the last two years, though Fidelity expanded partnerships with robo-advisors and workplace retirement providers to broaden distribution. These updates reflect Fidelity's shift toward sustainable income solutions amid rising retirement demographics and regulatory scrutiny on RMD compliance.