Fidelity Simplicity RMD 2005 Fund
Data updated: 2020-09-16
C000051105 — Fidelity Simplicity RMD 2005 Fund. Target Date / Glide Path Allocation · 0.47% expense ratio. Holdings, fees, performance and SEC filings.
C000051105 Fund Overview
Fidelity Simplicity RMD 2005 Fund is a US mutual fund managed by Fidelity Income Fund /ma/, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fidelity Income Fund /ma/
- Category: Target Date / Glide Path Allocation
- 1-year return: 4.8%
- SEC CIK: 0000751199
- SEC series ID: S000018471
- Share class ID: C000051105
C000051105 Investment Objective and Strategy
Fidelity Simplicity RMD 2005 Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Fidelity Income Fund /ma/.
Investment objective
The fund seeks total return until its horizon date through a combination of current income and capital growth. Thereafter, the funds objective will be to seek high current income and, as a secondary objective, capital appreciation.
Principal investment strategy
"Investing primarily in a combination of Fidelity domestic equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity funds) to seek to achieve the fund's investment objective consistent with a payment strategy to be administered through a complementary systematic withdrawal plan. Allocating assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Simplicity RMD Income Fund?, approximately 10 to 20 years after the year 2005. FMR Co., Inc. (the Adviser) may modify the funds neutral asset allocations from time to time when in the interests of shareholders. Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation.
The Adviser may continue to seek total return for several years beyond the fund's horizon date in an effort to achieve the fund's overall investment objective. As of July 31, 2018, the fund's neutral asset allocation to underlying Fidelity funds and futures was approximately: Domestic Equity Funds* 16 International Equity Funds* 7 Bond Funds* 53 Short-Term Funds* 24 * The Adviser may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding. The Adviser may use an active asset allocation strategy to increase or decrease neutral asset class exposures reflected above by up to 10% for equity funds, bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term.
The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by the Adviser to overweight or underweight an asset class. Designed for investors approaching age 70 and and above who turned age 70 in or within a few years of 2005 (horizon date) and plan to gradually withdraw the value of their account in the fund over time (in accordance with minimum distribution requirements as mandated by the Internal Revenue Service (IRS)). The fund's investment objective is intended to support a payment strategy designed to be implemented through a shareholder's voluntary participation in a complementary systematic withdrawal plan that will enable shareholders to receive regular payments from the fund based on their expected required minimum distributions from certain types of retirement accounts as mandated by the IRS.
However, shareholders may invest in the fund and not participate in the plan. Investors should refer to the ""Account Features and Policies"" section of the prospectus for a summary of how the payment strategy and plan are designed to operate."
C000051105 Performance
Total returns for C000051105 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.8% |
C000051105 Risk Information
Risk metrics for C000051105, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.3%
C000051105 Costs and Fees
C000051105 costs about $47 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.47%
- Gross expense ratio: 0.47%
- Portfolio turnover: 37%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000051105 Cashflows
Over the 12 months to 2020-07, Fidelity Simplicity RMD 2005 Fund had net outflows of $18.02M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-07 | −$14.81M |
| 2020-06 | −$80.36K |
| 2020-05 | $46.36K |
| 2020-04 | −$111.98K |
| 2020-03 | −$1.05M |
| 2020-02 | −$414.00K |
C000051105 Debt Constituents
No individual debt constituents are reported in Fidelity Simplicity RMD 2005 Fund's latest SEC N-PORT filing.
C000051105 Prospectus and SEC Filings
Official Fidelity Simplicity RMD 2005 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-10-15
- Prospectus (485BPOS) — filed 2018-10-16
- Prospectus supplement (497) — filed 2018-06-22
- Portfolio holdings (N-PORT) — filed 2020-09-16
- Portfolio holdings (N-PORT) — filed 2020-06-25
- Portfolio holdings (N-PORT) — filed 2020-03-20
- Annual census (N-CEN) — filed 2019-10-11
- Annual census (N-CEN) — filed 2018-10-05
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.