How broadly diversified are the Fidelity Income Replacement Funds?
Fidelity Income Replacement Funds are funds of funds that currently invest in a total of fifteen underlying Fidelity funds, including domestic and international equity funds, investment grade and high yield fixed-income funds, and short-term funds. The mix of investments depends on the target horizon date of each Fund – Funds with longer time horizons will have a higher percentage invested in equity funds, aiming for longer-term growth. As the Funds near their time horizons, the allocation to fixed income funds will increase, with the goal of maintaining the capital growth already achieved.
