Fidelity Income Fund - Fidelity Simplicity RMD 2010
FTIRX
NASDAQ- -
USD
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Capital Structure
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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 31, 2007
- CIK
- 0000751199
- Similar Companies
- Business
- Fidelity Income Fund - Fidelity Simplicity RMD 2010 Fund (FTIRX) is a target-date mutual fund offered by Fidelity Management & Research Company LLC, an indirect wholly owned subsidiary of FMR LLC, that seeks total return through a combination of current income and capital appreciation to support a systematic withdrawal strategy aligned with Required Minimum Distributions (RMDs) for investors reaching age 70 in or around 2010. The fund invests in a portfolio of underlying Fidelity funds, including U.S. equity funds, international equity funds, bond funds, and short-term funds, with a neutral asset allocation that becomes increasingly conservative over time to match projected RMD needs; this glide path is subject to periodic adjustment by the adviser in shareholders' interests. It offers complementary services such as automatic RMD calculations and distributions through Fidelity's systematic withdrawal plans. The fund's core offerings encompass a diversified mix of Fidelity-branded underlying investments across equity, fixed income, and cash equivalents, tailored for retirement income generation; specific categories include domestic and international equities for growth potential, investment-grade and high-yield bonds for income stability, and short-term instruments for liquidity and capital preservation. Operations span global markets through its underlying funds, primarily targeting U.S.-based individual and institutional retirement investors, such as IRA holders and participants in qualified plans. Fidelity Investments, the parent organization founded in 1946 and headquartered at 245 Summer Street in Boston, Massachusetts, manages the fund within its broader suite of Simplicity RMD Funds covering birth years from 2005 through 2035 and beyond. The Fidelity Simplicity RMD 2010 Fund series, including share classes like FIRRX and FIIRX, was introduced around 2017 to simplify RMD compliance amid evolving IRS regulations. No major acquisitions, partnerships, funding rounds, or product launches specific to FTIRX have been announced in the last 1-2 years, though Fidelity continues periodic adjustments to neutral allocations and portfolio positioning in response to market conditions, such as global economic expansion and inflation moderation noted through mid-2024.