Fidelity Advisor Managed Retirement 2010 Fund Class I
FRQIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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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
- 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 2010 Fund Class I (FRQIX) is a target-date mutual fund managed by Fidelity Investments that seeks high current income and capital appreciation by investing primarily in other Fidelity funds targeting a 2010 retirement date; it provides a diversified portfolio suitable for investors at or near retirement age who anticipate gradual withdrawals beginning around 2010. The fund allocates assets across underlying funds including Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (20.10%), Fidelity Series Government Bond Index Fund (13.33%), Fidelity Series Investment Grade Bond Fund (12.41%), Fidelity Series Corporate Bond Fund (8.02%), Fidelity Series Investment Grade Securitized Fund (7.67%), Fidelity Series International Developed Markets Bond Index Fund (4.91%), Fidelity Series Treasury Bill Index Fund (4.28%), Fidelity Series Long-Term Treasury Bond Index Fund (3.43%), Fidelity Series Emerging Markets Opportunities Fund (3.29%), and Fidelity Series Large Cap Value Index Fund (2.73%); the portfolio emphasizes fixed income with U.S. bonds at approximately 63%, supplemented by non-U.S. stocks (12.51%), U.S. stocks (8.90%), non-U.S. bonds (8.46%), and cash (6.55%). It operates in the target-date 2000-2010 category with an institutional share class featuring a 0.450% adjusted expense ratio, 59% turnover, large blend investment style, high credit quality/moderate interest rate sensitivity, total assets of $7.4 million, and a status closed to most new investors. Launched with inception on August 30, 2007, and headquartered at Fidelity Investments in Boston, Massachusetts, the fund follows a glide path that shifts toward conservative fixed income as the target date approaches; it recently benefited from Fidelity's broader target-date strategy updates, including increased equity exposure by 0.5-9% (funded by reduced fixed income or short-term debt), higher allocations to inflation-sensitive assets like U.S. Treasury Inflation-Protected Securities for near-retirement investors, and overall enhancements to support retirement income generation.