Fidelity Income Fund - Fidelity Simplicity RMD Income Fund
FRNCX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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.Quarterly Dividends Per Share
FRC
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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 31, 2007
- CIK
- 0000751199
- Similar Companies
- Business
- Fidelity Simplicity RMD Income Fund (FRNCX) is a mutual fund managed by Fidelity Investments that seeks to provide a high level of current income while maintaining prospects for capital appreciation, with a focus on supporting required minimum distribution (RMD) withdrawals for retirees. The fund invests primarily in a diversified portfolio of income-producing securities, including common stocks, preferred stocks, convertible securities, investment-grade and high-yield bonds, U.S. government securities, and other fixed-income instruments; it employs an active management strategy that allocates across equity, fixed income, and alternative assets to optimize yield and total return. Fidelity Investments, founded in 1946 and headquartered in Boston, Massachusetts, operates globally with a presence in the United States, Europe, Asia, and other regions, serving individual investors, retirement plans, and institutional clients through a broad range of mutual funds, ETFs, retirement services, brokerage, and wealth management offerings. The fund targets retirement-focused investors seeking RMD-compliant income solutions and is part of Fidelity's Simplicity lineup designed for low-cost, automated retirement income strategies. In recent developments, Fidelity has expanded its retirement income offerings with enhancements to target-date and income funds amid rising demand for RMD solutions, including strategic portfolio adjustments in 2024 to incorporate more sustainable and high-conviction income assets; no major acquisitions or name changes specific to FRNCX have been reported in the last 1-2 years.