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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$51.91

$5.72 M

1.48%

$0.77

0.46%

Vitals

YTD Return

1.9%

1 yr return

8.6%

3 Yr Avg Return

0.4%

5 Yr Avg Return

4.0%

Net Assets

$5.72 M

Holdings in Top 10

73.7%

52 WEEK LOW AND HIGH

$51.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.46%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 32.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$51.91

$5.72 M

1.48%

$0.77

0.46%

FRASX - Profile

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.83%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Managed Retirement 2015 Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Sep 05, 2007
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew Dierdorf

Fund Description

Investing primarily in a combination of Fidelity® U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity® funds) in a manner that supports a withdrawal strategy to provide investors with income in retirement.Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Managed Retirement Income FundSM, approximately 10 to 20 years after the year 2015. Fidelity Management & Research Company LLC (FMR) (the Adviser) may modify the fund's neutral asset allocations from time to time when in the interests of shareholders. The neutral asset allocation shown in the glide path depicts the allocation to U.S. equity funds, international equity funds, bond funds (including U.S. investment grade bond, international bond, short-term inflation-protected bond, long-term inflation-protected bond, and long-term treasury bond), and short-term funds.Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.The Adviser, under normal market conditions, will make investments that are consistent with seeking total return for several years beyond the fund's horizon date in an effort to achieve the fund's overall investment objective.As of August 1, 2023, the fund's neutral asset allocation to underlying Fidelity® funds and futures was approximately: U.S. Equity Funds 17% International Equity Funds 11% International Bond Funds 5% U.S. Investment Grade Bond Funds 39% Long-Term Treasury Bond Funds 3% Long-Term Inflation-Protected Bond Funds 3% Short-Term Inflation-Protected Bond Funds 14% Short-Term Funds 7% * The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding. The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class.The Adviser may also make active asset allocations within other asset classes (such as commodities, high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.Designed for investors at or around age 60 and above who turned or will turn age 70 in or within a few years of 2015 (horizon date) and plan to gradually withdraw the value of their account in the fund over time. The fund's investment objective is intended to support a withdrawal strategy to provide investors with income in retirement. Please contact Fidelity or your investment professional for more information. When the neutral asset allocation of a fund matches Fidelity Managed Retirement Income Fund's neutral asset allocation (approximately 10 to 20 years after the year indicated in the fund's name), the Board of Trustees may combine the fund with Fidelity Managed Retirement Income FundSM, without shareholder approval, and the fund's shareholders will become shareholders of Fidelity Managed Retirement Income FundSM.
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FRASX - Performance

Return Ranking - Trailing

Period FRASX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% 1.5% 8.0% 98.13%
1 Yr 8.6% 6.6% 22.8% 97.20%
3 Yr 0.4%* -1.4% 3.9% 86.14%
5 Yr 4.0%* 3.7% 6.5% 93.26%
10 Yr 4.5%* 4.0% 5.9% 76.60%

* Annualized

Return Ranking - Calendar

Period FRASX Return Category Return Low Category Return High Rank in Category (%)
2023 6.7% 2.1% 17.4% 70.75%
2022 -17.6% -44.4% -13.7% 33.33%
2021 0.1% -4.2% 4.8% 52.08%
2020 7.2% -2.7% 10.1% 32.63%
2019 10.7% -1.5% 13.9% 40.91%

Total Return Ranking - Trailing

Period FRASX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% 1.5% 8.0% 98.13%
1 Yr 8.6% 6.6% 22.8% 97.20%
3 Yr 0.4%* -1.4% 3.9% 86.14%
5 Yr 4.0%* 3.7% 6.5% 93.26%
10 Yr 4.5%* 4.0% 5.9% 76.60%

* Annualized

Total Return Ranking - Calendar

Period FRASX Return Category Return Low Category Return High Rank in Category (%)
2023 9.6% 7.7% 19.9% 79.25%
2022 -13.5% -21.5% -10.2% 53.33%
2021 5.3% 0.9% 12.7% 94.79%
2020 10.9% 7.8% 14.7% 71.58%
2019 14.4% 13.6% 19.9% 87.50%

NAV & Total Return History


FRASX - Holdings

Concentration Analysis

FRASX Category Low Category High FRASX % Rank
Net Assets 5.72 M 4.65 M 5.13 B 91.59%
Number of Holdings 33 6 575 33.64%
Net Assets in Top 10 4.06 M 2.76 M 3.99 B 91.59%
Weighting of Top 10 73.70% 56.0% 100.0% 56.60%

Top 10 Holdings

  1. Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund 14.82%
  2. Fidelity Series Investment Grade Bond Fund 11.51%
  3. Fidelity Series Government Bond Index Fund 11.48%
  4. Fidelity Series Investment Grade Securitized Fund 7.71%
  5. Fidelity Series Corporate Bond Fund 7.67%
  6. Fidelity Series Emerging Markets Opportunities Fund 5.03%
  7. Fidelity Series Long-Term Treasury Bond Index Fund 4.22%
  8. Fidelity Series International Developed Markets Bond Index Fund 4.07%
  9. Fidelity Series Treasury Bill Index Fund 4.04%
  10. Fidelity Series 5+ Year Inflation-Protected Bond Index Fund 3.16%

Asset Allocation

Weighting Return Low Return High FRASX % Rank
Stocks
99.87% 0.00% 100.00% 22.43%
Convertible Bonds
0.80% 0.00% 3.41% 26.17%
Cash
0.13% 0.00% 10.02% 70.09%
Preferred Stocks
0.00% 0.00% 0.01% 78.50%
Other
0.00% -0.01% 2.64% 84.11%
Bonds
0.00% 0.00% 75.98% 91.59%

Stock Sector Breakdown

Weighting Return Low Return High FRASX % Rank
Financial Services
18.82% 6.12% 19.30% 12.15%
Technology
17.62% 5.66% 22.35% 51.40%
Consumer Cyclical
11.65% 4.10% 13.15% 19.63%
Industrials
11.33% 3.87% 12.81% 32.71%
Healthcare
10.40% 3.88% 15.29% 96.26%
Basic Materials
7.03% 1.78% 7.69% 22.43%
Communication Services
7.00% 1.23% 9.99% 60.75%
Consumer Defense
5.87% 3.06% 9.65% 64.49%
Energy
5.81% 1.93% 8.89% 22.43%
Real Estate
2.25% 1.86% 17.94% 72.90%
Utilities
2.21% 1.18% 5.23% 85.05%

Stock Geographic Breakdown

Weighting Return Low Return High FRASX % Rank
US
99.87% 0.00% 100.00% 22.43%
Non US
0.00% 0.00% 7.54% 83.18%

FRASX - Expenses

Operational Fees

FRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.06% 25.51% 66.98%
Management Fee 0.46% 0.00% 0.58% 85.05%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.28% N/A

Sales Fees

FRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 0.00% 61.00% 53.85%

FRASX - Distributions

Dividend Yield Analysis

FRASX Category Low Category High FRASX % Rank
Dividend Yield 1.48% 0.00% 7.52% 58.88%

Dividend Distribution Analysis

FRASX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually SemiAnnual SemiAnnual

Net Income Ratio Analysis

FRASX Category Low Category High FRASX % Rank
Net Income Ratio 0.83% 0.02% 3.98% 89.52%

Capital Gain Distribution Analysis

FRASX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Monthly Annually

Distributions History

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FRASX - Fund Manager Analysis

Managers

Andrew Dierdorf


Start Date

Tenure

Tenure Rank

Jun 01, 2009

13.01

13.0%

Andrew Dierdorf is co-manager of each fund, which he has managed since October 2009 (other than Fidelity Freedom® Index 2055 Fund, Fidelity Freedom® Index 2060 Fund, and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2055 Fund since June 2011, Fidelity Freedom® Index 2060 Fund since August 2014, and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2004, Mr. Dierdorf has worked as a portfolio manager.

Brett Sumsion


Start Date

Tenure

Tenure Rank

Jan 21, 2014

8.36

8.4%

Brett Sumsion is co-manager of each fund, which he has managed since January 2014 (other than Fidelity Freedom® Index 2060 Fund and Fidelity Freedom® Index 2065 Fund). He has managed Fidelity Freedom® Index 2060 Fund since August 2014 and Fidelity Freedom® Index 2065 Fund since June 2019. He also manages other funds. Since joining Fidelity Investments in 2014, Mr. Sumsion has worked as a portfolio manager. Mr. Sumsion earned his bachelor of arts degree from Brigham Young University and his MBA from The Wharton School at the University of Pennsylvania. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.48 16.18 5.67 2.41