Fidelity Advisor Managed Retirement 2025 Fund Class A (FARFX)

This fund aims to deliver robust overall returns until its specified target date, through a combination of generating current income and appreciating capital. It achieves this by strategically investing in various underlying Fidelity funds, including those focused on U.S. stocks, international equities, fixed-income securities, and short-term holdings. The specific allocation of these assets is designed to support a methodical withdrawal strategy, ultimately providing investors with a steady income during their retirement years. The portfolio manager implements a consistent, neutral approach to asset allocation.