Fidelity Income Fund - Fidelity Simplicity RMD 2015 Fund
FURAX
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.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 31, 2007
- CIK
- 0000751199
- Similar Companies
- Business
- Fidelity Income Fund - Fidelity Simplicity RMD 2015 Fund (FURAX) is a mutual fund that invests in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds to achieve its investment objective consistent with a payment strategy administered through a complementary systematic withdrawal plan targeting required minimum distributions (RMDs) for investors nearing or in retirement around 2015. The fund offers a diversified portfolio allocation across asset classes, including domestic and global equities, fixed income securities, and money market instruments, designed for income generation and capital preservation suitable for target-date RMD strategies; it maintains a neutral weighting in fixed income relative to benchmarks while being overweight in long-term U.S. Treasury bonds and Treasury Inflation-Protected Securities (TIPS), and underweight in international bonds and U.S. investment-grade bonds. Geographically, the fund operates primarily through underlying Fidelity funds with exposure to U.S. and international markets, serving retirement-focused investors such as individuals planning systematic withdrawals. Launched in 2007 and headquartered at 245 Summer Street, Boston, Massachusetts, the fund falls under Fidelity Investments' asset management segment with no noted subsidiaries or parent fund relationships beyond Fidelity's broader mutual fund family. In the fiscal year ending July 31, 2024, the fund delivered positive returns ranging from 7.32% to 12.31% amid U.S. economic growth and higher interest rates, with portfolio managers anticipating a reversal of these trends and maintaining strategic fixed income tilts; no major acquisitions, partnerships, funding rounds, or product launches were reported for the fund in 2024-2025, though Fidelity as a firm noted record RIA M&A activity in H1 2025.