Fidelity Managed Retirement 2020 Fund
Data updated: 2026-06-26
C000213729 — Fidelity Managed Retirement 2020 Fund. Target Date / Glide Path Allocation · $8.79M AUM. Holdings, fees, performance and SEC filings.
C000213729 Fund Overview
Fidelity Managed Retirement 2020 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
- Assets under management: $8.79M
- 1-year return: 5.2%
- SEC CIK: 0000751199
- SEC series ID: S000019923
- Share class ID: C000213729
C000213729 Investment Objective and Strategy
Fidelity Managed Retirement 2020 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 Managed Retirement Income Fund?, approximately 10 to 20 years after the year 2020. 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* 33 International Equity Funds* 14 Bond Funds* 43 Short-Term Funds* 10 * 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 age 60 and above who will turn age 70 in or within a few years of 2020 (horizon date) and plan to gradually withdraw the value of their account in the fund over time. 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. 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."
C000213729 Holdings
Top 10 holdings of Fidelity Managed Retirement 2020 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Salem Street Trust | 12.32% |
| Fidelity Income Fund | 11.93% |
| Fidelity Salem Street Trust | 10.98% |
| Fidelity Salem Street Trust | 7.09% |
| Fidelity Advisor Series II | 6.62% |
| Fidelity Investment Trust | 5.01% |
| Fidelity School Street Trust | 4.80% |
| Fidelity Salem Street Trust | 4.79% |
| Fidelity Securities Fund | 4.44% |
| Fidelity Salem Street Trust | 3.41% |
C000213729 Portfolio Allocation
Asset-class allocation of Fidelity Managed Retirement 2020 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
C000213729 Performance
Total returns for C000213729 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.2% |
| 3 years (annualised) | -0.6% |
C000213729 Risk Information
Risk metrics for C000213729, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.1%
C000213729 Costs and Fees
C000213729 costs about $27 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.27%
- Gross expense ratio: 0.27%
- Portfolio turnover: 39%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000213729 Cashflows
Over the 12 months to 2026-04, Fidelity Managed Retirement 2020 Fund had net outflows of $1.32M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$2.36M |
| 2026-03 | $803.28K |
| 2026-02 | −$31.59K |
| 2026-01 | −$93.02K |
| 2025-12 | $80.90K |
| 2025-11 | $3.53K |
C000213729 Debt Constituents
No individual debt constituents are reported in Fidelity Managed Retirement 2020 Fund's latest SEC N-PORT filing.
C000213729 Prospectus and SEC Filings
Official Fidelity Managed Retirement 2020 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-09-24
- Prospectus (485BPOS) — filed 2024-09-24
- Prospectus (485BPOS) — filed 2023-09-26
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-25
- Portfolio holdings (N-PORT) — filed 2025-12-23
- Annual census (N-CEN) — filed 2025-10-14
- Annual census (N-CEN) — filed 2024-10-15
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.