# Fidelity Managed Retirement 2015 Fund (FIRSX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/firsx 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: Actively Managed · Inception: 2007-08-30 This investment aims to generate comprehensive returns by its target year, utilizing both current income and capital growth. It achieves this through a diversified portfolio of other Fidelity funds, including U.S. and international equities, fixed-income securities, and money market instruments. This investment structure is specifically designed to support a systematic withdrawal plan, providing a steady stream of income for investors in retirement. The portfolio manager implements a balanced approach to asset allocation. ## Key Facts | Metric | Value | |---|---| | Price | $58.11 | | Expense Ratio | 0.46% | | Assets Under Management | $5.1M | | NAV | $58.11 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $54.83 – $58.58 | | Beta | 0.43 | ## Latest Distribution - Amount: $0.1780 /share - Ex-date: 2026-06-10 - Pay date: 2026-06-11 ## Frequently Asked Questions ### What does FIRSX invest in? This investment aims to generate comprehensive returns by its target year, utilizing both current income and capital growth. It achieves this through a diversified portfolio of other Fidelity funds, including U.S. and international equities, fixed-income securities, and money market instruments. This investment structure is specifically designed to support a systematic withdrawal plan, providing a steady stream of income for investors in retirement. The portfolio manager implements a balanced approach to asset allocation. ### What is the expense ratio of FIRSX? Fidelity Managed Retirement 2015 Fund (FIRSX) charges an expense ratio of 0.46%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FIRSX? Fidelity Managed Retirement 2015 Fund (FIRSX) manages $5.1M 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 FIRSX actively managed or an index fund? FIRSX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FIRSX's is 0.46%) in exchange for the discretion to over- or under-weight positions. ### When was FIRSX launched? Fidelity Managed Retirement 2015 Fund (FIRSX) launched in August 2007 and is managed by Fidelity. ### How has FIRSX performed? FIRSX'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 FIRSX pay a dividend? Fidelity Managed Retirement 2015 Fund (FIRSX) 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 FIRSX pay dividends? Fidelity Managed Retirement 2015 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 FIRSX's dividend yield? FIRSX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is FIRSX's next ex-dividend date? The most recently announced ex-dividend date for FIRSX was 2026-06-10. 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 FIRSX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.46% 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 FIRSX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FIRSX'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 FIRSX cost more than a fund like VOO? FIRSX is actively managed (current expense ratio 0.46%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FIRSX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FIRSX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FIRSX (0.46%) 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/firsx - Distribution history: https://www.dividenddata.com/funds/firsx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/firsx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/firsx/expenses - Peer comparison: https://www.dividenddata.com/funds/firsx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.