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Fidelity Income Replacement 2030 Fund

  • Symbol: FIRQX
  • No Transaction Fee No Transaction Fee 1
  • Information
    Fidelity Income Replacement Funds have an annual target Smart Payment Program SM (SPP) rate. Click here and look under Distribution for the rate.Fidelity Income Replacement Funds have an annual target Smart Payment Program SM (SPP) rate. Click here and look under Distribution for the rate.

Morningstar® Snapshot*

AS OF 04/30/2015; MORNINGSTAR CATEGORY: Moderate Allocation
Returns 3 out of 5, Average Returns
Expenses 1 out of 5, Low Fees
Risk of this Category Category Risk Rating:5, where 1 is Lower and 10 is Higher

*Data provided by Morningstar. Please click on the indicator above to learn more about comparison groups and methodology.


 2 More Information
AS OF 4/30/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
YTD (Daily)* +3.78% 1 Yr +6.79% 3 Yr +9.22% 5 Yr +8.25% Life of Fund +5.39%
*AS OF 5/22/2015; Value is cumulative

Hypothetical Growth of $10,000

 3, 4 More Information
AS OF 04/30/2015; MORNINGSTAR CATEGORY: Moderate Allocation
Shows growth of hypothetical $10,000 investment in Fidelity Income Replacement 2030 Fund compared to Barclays U.S. Agg Bond,Moderate Allocation over the selected time period
Fidelity Income Replacement 2030 Fund
Moderate Allocation

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Fund Manager(s)

More Information
Brett F Sumsion since 1/21/2014 Andrew J Dierdorf since 6/1/2009

Fund Overview


The fund seeks total return through a combination of current income and capital growth. The fund's investment objective is intended to support the Smart Payment Program's payment strategy.


Investing in a combination of underlying Fidelity equity, fixed-income, 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, 2030. Allocating 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.


The ability of each fund to meet its investment objective is directly related to its target asset allocation among the underlying funds and the ability of those funds to meet their investment objectives. Each fund is exposed to the risks associated with the underlying Fidelity funds in which it invests, including the volatility of the financial markets in the U.S. and abroad, as well as the additional risks associated with investing in high yield, small-cap, and foreign securities. If a fund's asset allocation strategy does not work as intended, the fund may not achieve its objective and the Smart Payment Program (SPP) may not work as intended, which could mean that monthly payments won't keep pace with inflation. A shareholder's investment will be reduced over time through participation in the SPP, as the SPP results in the gradual liquidation of a shareholder's entire investment in a fund by its horizon date.

Additional Disclosures

A mutual fund registered under FIDELITY INCOME FUND, and managed by Strategic Advisers, Inc. This description is only intended to provide a brief overview of the fund. Read the fund's prospectus for more detailed information about the fund.


More Information
Morningstar Category Moderate Allocation
Fund Inception 8/30/2007
Glossary definition opens in new window.Exp Ratio (Gross)
($6.20 per $1000)
Glossary definition opens in new window.Exp Ratio (Net)
($6.20 per $1000)
Minimum to Invest 5 $25,000.00
Turnover Rate
Glossary definition opens in new window.Portfolio Net Assets ($M)
Glossary definition opens in new window.Share Class Net Assets ($M)
12 Month Low-High
$58.02 - $62.08

Quarter-End Average Annual Total Returns

 3, 2 More Information
AS OF 3/31/2015; FUND INCEPTION 8/30/2007 Glossary definition opens in new window.

0.62% AS OF 9/29/2014
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
Fidelity Income Replacement 2030 Fund 6.18% 9.00% 8.45% -- 5.36%
Barclays U.S. Agg Bond 5.72% 3.10% 4.41% 4.93% 5.10%
Moderate Allocation 6.19% 9.45% 8.97% 6.26% --
Glossary definition opens in new window.After Taxes on Distributions
Fidelity Income Replacement 2030 Fund 5.45% 8.29% 7.75% -- 4.58%
Moderate Allocation 3.05% 7.62% 7.62% 4.97% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
Fidelity Income Replacement 2030 Fund 3.96% 6.82% 6.46% -- 3.97%
Moderate Allocation 3.40% 6.60% 6.54% 4.56% --

The "Mutual Funds" area at the top of each page allows access to mutual fund holdings with individual and joint Fidelity non-retirement accounts. Individual stock positions, ETFs and 529 funds are not available through this view. For the full list of your holdings visit Portfolio Summary.

Mutual Funds are priced as of the previous business day's market close when the market is open. Mutual fund positions are priced as of the official market close (typically 4p.m.) and prices are generally available between 5 p.m. and 6p.m.

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2015 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

1. No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect the interests of long-term shareholders of the fund. Shares are subject to the fund's management and operating expenses. See Expenses & Fees for more information.

2. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

3. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

4. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

5. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. There is no minimum for additional investments in any type of Fidelity fund you already own.

Each Income Replacement Fund's investment objective is intended to support a payment strategy designed to be administered through its horizon date. The payment strategy for each Income Replacement Fund is designed to be implemented through a shareholder's voluntary participation in the Smart Payment Program. The Smart Payment Program is an optional account feature designed to enable shareholders to receive monthly payments from an Income Replacement Fund that have the potential to keep pace with inflation. Participating in the Smart Payment Program will result in the gradual liquidation of the shareholder's entire investment in an Income Replacement Fund by its horizon date.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

Morningstar Category: Moderate Allocation
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