# Fidelity Managed Retirement 2005 Fund (FIROX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/firox for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Fidelity · Asset class: Equity - Strategy: Thematic · Inception: 2007-08-31 The investment seeks total return until its horizon date through a combination of current income and capital growth. The fund invests in a combination of Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds in a manner that supports a withdrawal strategy to provide investors with income in retirement. The manager allocates assets according to a neutral asset allocation strategy. ## Key Facts | Metric | Value | |---|---| | Price | $60.50 | | Expense Ratio | 0.45% | | Assets Under Management | $5.6M | | NAV | $60.50 | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $54.72 – $60.73 | | Beta | 0.38 | ## Latest Distribution - Amount: $0.0260 /share - Ex-date: 2020-07-14 - Pay date: — ## Frequently Asked Questions ### What does FIROX invest in? The investment seeks total return until its horizon date through a combination of current income and capital growth. The fund invests in a combination of Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds in a manner that supports a withdrawal strategy to provide investors with income in retirement. The manager allocates assets according to a neutral asset allocation strategy. ### What is the expense ratio of FIROX? Fidelity Managed Retirement 2005 Fund (FIROX) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FIROX? Fidelity Managed Retirement 2005 Fund (FIROX) manages $5.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FIROX actively managed or an index fund? FIROX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FIROX launched? Fidelity Managed Retirement 2005 Fund (FIROX) launched in August 2007 and is managed by Fidelity. ### How has FIROX performed? FIROX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FIROX pay a dividend? Fidelity Managed Retirement 2005 Fund (FIROX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FIROX pay dividends? Fidelity Managed Retirement 2005 Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FIROX's dividend yield? FIROX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is FIROX's next ex-dividend date? The most recently announced ex-dividend date for FIROX was 2020-07-14. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will FIROX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.45% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FIROX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FIROX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FIROX cost more than a fund like VOO? FIROX's strategy (current expense ratio 0.45%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FIROX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FIROX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FIROX (0.45%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/firox - Distribution history: https://www.dividenddata.com/funds/firox/dividend - Holdings & diversification: https://www.dividenddata.com/funds/firox/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/firox/expenses - Peer comparison: https://www.dividenddata.com/funds/firox/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.