Fidelity Managed Retirement Income Fund

This fund primarily aims to generate significant current income, with capital appreciation as a secondary goal. It achieves this by investing in a diversified portfolio of underlying Fidelity® funds, encompassing U.S. and international equities, fixed-income instruments, and short-term holdings. This strategic blend is specifically designed to facilitate a systematic withdrawal strategy, providing investors with a consistent income stream throughout their retirement years. The fund's assets are managed according to a steady and balanced allocation approach by the portfolio manager.