Fidelity Income Fund - Fidelity Simplicity RMD 2015 Fund
FURCX
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
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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 (FURCX) is a target-date mutual fund designed for investors born in 1953, seeking total return through a combination of current income and capital appreciation while supporting required minimum distribution (RMD) withdrawals in retirement. The fund primarily invests in a diversified portfolio of underlying Fidelity funds, including U.S. equity funds, international equity funds, bond funds, and short-term funds, with allocations adjusted over time to become more conservative as the target date approaches; it maintains a neutral weighting in fixed income relative to its composites, with overweight positions in long-term U.S. Treasury bonds and Treasury Inflation-Protected Securities (TIPS), and underweight exposure to international bonds and U.S. investment-grade bonds. It offers share classes tailored for retirement accounts, focusing on institutional and retirement investors managing RMD compliance through systematic withdrawal plans. The fund's core offerings encompass a multi-asset class strategy emphasizing income generation and moderate growth, with top holdings typically comprising Fidelity-managed equity, fixed income, and money market funds to achieve its objective of high total return consistent with a payment strategy for RMDs; specific categories include core equity for broad market participation, sector equity for targeted growth, aggressive equity for higher return potential, total return funds for balanced performance, and bond funds for stability. Geographically, it operates with primary exposure to U.S. markets alongside international diversification through underlying funds, targeting retirement savers and income-focused investors primarily in North America. Headquartered in Boston, Massachusetts, under Fidelity Management & Research Company LLC, the fund traces its inception to around 2007 as part of Fidelity's Simplicity series. Recent developments include ongoing portfolio adjustments in response to market conditions, such as positioning for potential reversals in U.S. economic growth and interest rate trends as of late 2024, alongside regular dividend distributions like $0.776 per share in December 2024 and $0.13 in November 2024. Fidelity announced a special shareholder meeting for related Simplicity RMD funds in the fourth quarter of 2024, potentially addressing reorganizations or approvals for operational enhancements, though specific outcomes for FURCX remain pending as of mid-2025. No major acquisitions, partnerships, or product launches were reported for FURCX in the last 1-2 years, reflecting stable management within Fidelity Investments' broader retirement fund ecosystem.