Fidelity Managed Retirement 2020 Fund

Frequently Asked Questions About FIRVX

What does FIRVX invest in?

This fund strategically deploys capital across a diverse range of Fidelity's investment offerings, encompassing U.S. and international stock funds, fixed-income portfolios, and money market instruments. The core aim of this construction is to facilitate a structured withdrawal plan, delivering consistent income to investors throughout their retirement. The asset allocation is executed by the manager following a neutral, predefined strategy.

What is the expense ratio of FIRVX?

Fidelity Managed Retirement 2020 Fund (FIRVX) charges an expense ratio of 0.47%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FIRVX?

Fidelity Managed Retirement 2020 Fund (FIRVX) is one share class of a fund that manages $11.1M across all of its share classes (FARVX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is FIRVX actively managed or an index fund?

FIRVX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FIRVX's is 0.47%) in exchange for the discretion to over- or under-weight positions.

When was FIRVX launched?

Fidelity Managed Retirement 2020 Fund (FIRVX) launched in December 2007 and is managed by Fidelity.

How has FIRVX performed?

FIRVX'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.