Fidelity Income Replacement 2038 Fund

Scorecard
5 / 5 Stars
Lipper
5 5 3 4 2
Zacks Investment Research
2 (Buy)
Standard & Poor's
---
TheStreet.com
C+ (Hold)

U.S. News evaluated 60 Retirement Income Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Fidelity Investments funds

See full Retirement Income rankings

See more fund rankings

Performance

The fund has returned 15.63 percent over the past year, 8.64 percent over the past three years, and 16.73 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 1.8%
1 Year 15.6%
3 Years (Annualized) 8.6%
5 Years (Annualized) 16.7%
10 Years (Annualized) N/A

See more FIRVX performance

Summary

The investment seeks total return through a combination of current income and capital growth. The fund invests in a combination of underlying Fidelity equity funds, bond funds, and short-term funds using an asset allocation strategy designed to achieve a level of total return consistent with a payment strategy to be administered through the fund's horizon date, December 31, 2038. It allocates assets among underlying Fidelity Funds according to an asset allocation strategy that begins with a relatively more aggressive asset allocation and gradually shifts to a relatively more conservative asset allocation over the fund's time horizon.