4 / 5 Stars
5 5 3 1 4
Zacks Investment Research
Standard & Poor's
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.
The fund has returned 12.54 percent over the past year, 7.97 percent over the past three years, and 14.24 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-1.5%|
|3 Years (Annualized)||8.0%|
|5 Years (Annualized)||14.2%|
|10 Years (Annualized)||N/A|
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, 2040. 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.
Fees are Average compared to funds in the same category.
Fidelity Income Replacement 2040 Fund has an expense ratio of 0.50 percent.
Risk is High compared to funds in the same category according to Morningstar.