Fidelity Advisor Managed Retirement Income Fund
FRIMX
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USD
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Capital Structure
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in mil. unless spec.Working Capital
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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.- 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
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Managed Retirement Income Fund (FRIMX) is an open-end mutual fund managed by Fidelity Investments that seeks total return through a combination of current income and capital growth by investing in a diversified mix of underlying Fidelity equity, fixed income, and money market funds. The fund allocates primarily to U.S. bonds (approximately 63%), U.S. stocks (9%), non-U.S. stocks (13%), non-U.S. bonds (9%), and cash (6%), with top holdings 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. It targets investors in or near retirement expecting gradual withdrawals, fitting the Target-Date Retirement category with a blend equity style and moderate interest-rate sensitivity; the Class I shares carry a net expense ratio of 0.45% and no front-end or deferred loads. Launched on August 30, 2007, as part of Fidelity's Managed Retirement Funds series, the fund was previously known as Fidelity Advisor Income Replacement 2022 Fund - Class I until a name change on June 1, 2017, and underwent an earlier redesignation from Institutional Class on July 1, 2015. Portfolio management includes long-tenured managers Andrew Dierdorf (since June 1, 2009) and Brett Sumsion (since January 21, 2014), alongside recent additions Finola McGuire Foley and Cait Dourney, both effective June 1, 2025. Fidelity Investments, the fund's adviser, was founded in 1946 and is headquartered at 245 Summer Street in Boston, Massachusetts, operating globally with a focus on U.S. investors through brokerage, retirement plans, and mutual funds managing trillions in assets. The fund supports retirement income strategies for individual and institutional investors in the United States, with no minimum initial investment required and daily pricing. It remains available through major platforms like Fidelity's institutional and retail channels, emphasizing diversified, low-cost exposure to bonds and equities for income generation. No major acquisitions, funding rounds, or strategic partnerships specific to FRIMX have been reported in the last 1-2 years, though Fidelity Investments continues broader innovations in retirement solutions.