FMRZX

Active

Fidelity Managed Retirement 2035 Fund

Category: Balanced (1,430 funds)

Expense Ratio

0.38%

Annual Cost per $10K

$38.00

30-Year Fee Drag per $10K

$7,706

at 7% annual return

Fund Type

Mutual Fund

Active

Trailing 12-Month

+13.85%

Asset Allocation

US Equity

25%

Intl Equity

26%

US Bond

40%

Intl Bond

Cash

Fee Comparison

FMRZX

0.38%

Balanced average

0.85%

Balanced cheapest

FELSX

0.00%

Index benchmark

0.03%

55% cheaper than category average

Historical Returns

Monthly total returns (dividends reinvested) from SEC N-PORT filings · As of October 2025 · Updated quarterly

+39.83%34 months

Compare to

Fee Impact Calculator

Investment

Years

Annual Return

FMRZX at 0.38%$342,082

At index rates (0.03%)$377,424

Zero fees (theoretical)$380,613

Total fee drag$38,531

Cost vs index fund−$35,342

Similar Funds (100)

Ranked by allocation similarity weighted by fund size · Returns (dividends reinvested) from SEC N-PORT filings · As of October 2025

Ticker	Name	ER	1yr	3yr	5yr
FMRZX	Fidelity Managed Retirement 2035 Fund	0.38%	+13.85%	—	—
FDTKX	Fidelity Freedom 2025 Fund	0.59%	+10.67%	+14.80%	+7.64%
FATKX	Fidelity Freedom 2020 Fund	0.28%	+9.58%	+13.40%	+6.69%
VTTVX	VANGUARD TARGET RETIREMENT 2025 FUND	0.08%	+10.53%	+14.31%	+7.39%
FATZX	Fidelity Freedom Index 2025 Fund	0.05%	+9.85%	—	—
FAUYX	Fidelity Freedom Index 2030 Fund	0.05%	+10.81%	—	—
FFFEX	Fidelity Freedom 2030 Fund	0.61%	+11.37%	+15.77%	+8.45%
FDAFX	Fidelity Advisor Freedom 2020 Fund	0.28%	-19.18%	-36.49%	-43.44%
FPFRX	FPA Crescent Fund	1.06%	+15.19%	—	—
VTWNX	VANGUARD TARGET RETIREMENT 2020 FUND	0.08%	+8.58%	+11.97%	+6.02%
VTHRX	VANGUARD TARGET RETIREMENT 2030 FUND	0.08%	+11.70%	+15.93%	+8.50%
FATYX	Fidelity Freedom Index 2020 Fund	0.05%	+8.79%	—	—
TLHIX	Nuveen Lifecycle Index 2030 Fund	0.25%	+9.89%	+11.56%	+7.37%
FFOYX	Fidelity Freedom 2015 Fund	0.45%	—	—	—
TLQIX	Nuveen Lifecycle Index 2025 Fund	0.10%	+8.99%	+10.42%	+6.46%
PLTJX	Principal LifeTime 2030 Fund	0.79%	+12.03%	+12.82%	+8.12%
FAVNX	Fidelity Freedom Index 2035 Fund	0.05%	+12.16%	—	—
FAFEX	Fidelity Advisor Freedom 2030 Fund	0.36%	-17.75%	-35.04%	-42.42%
FFBLX	Fidelity Freedom Blend 2020 Fund	0.93%	+9.13%	+13.03%	—
VTINX	VANGUARD TARGET RETIREMENT INCOME FUND	0.08%	+7.89%	+10.30%	+4.55%
VSCGX	VANGUARD LIFESTRATEGY CONSERVATIVE GROWTH FUND	0.12%	+12.46%	+11.66%	+5.67%
TCLFX	Nuveen Lifecycle 2025 Fund	0.47%	+7.50%	+9.47%	+5.87%
QCSCIX	College Retirement Equities Fund - Social Choice Account	—	+8.77%	+14.58%	+7.82%
FFBNX	Fidelity Freedom Blend 2025 Fund	1.44%	+10.16%	+14.37%	—
FFBPX	Fidelity Freedom Blend 2030 Fund	0.36%	+11.07%	+15.64%	—
FATWX	Fidelity Advisor Freedom 2025 Fund	1.59%	-18.46%	-35.74%	-42.96%
VTTHX	VANGUARD TARGET RETIREMENT 2035 FUND	0.08%	+12.84%	+17.28%	+9.56%
VSMGX	VANGUARD LIFESTRATEGY MODERATE GROWTH FUND	0.13%	+15.80%	+14.79%	+8.58%
FFPCX	Fidelity Freedom 2035 Fund	0.59%	—	—	—
TCLTX	Nuveen Lifecycle 2020 Fund	0.54%	+7.17%	+8.70%	+5.23%
LTPDX	Principal LifeTime 2025 Fund	0.52%	+10.91%	+11.48%	+7.06%
TLWIX	Nuveen Lifecycle Index 2020 Fund	0.35%	+8.50%	+9.62%	+5.73%
TLYIX	Nuveen Lifecycle Index 2035 Fund	0.18%	+10.73%	+12.86%	+8.37%
PRPDX	Permanent Portfolio	1.06%	+21.67%	+19.48%	+13.49%
TCHPX	Nuveen Lifecycle 2030 Fund	0.40%	+8.26%	+10.71%	+6.83%
FIWBX	Fidelity Advisor Multi-Asset Income Fund	0.80%	+13.74%	+13.57%	+9.80%
FMRJX	Fidelity Managed Retirement 2035 Fund	0.38%	+13.88%	—	—
TAIAX	American Funds Tax-Aware Conservative Growth and Income Portfolio	0.66%	+11.96%	+12.92%	+8.66%
FFVAX	Fidelity Advisor Freedom 2015 Fund	0.26%	-19.99%	-37.37%	-43.93%
PMACX	Victory Pioneer Multi-Asset Income Fund	0.84%	—	—	—
FELSX	Fidelity Flex Freedom Blend 2025 Fund	0.00%	+10.32%	+14.63%	+7.46%
PCBFX	SAM Conservative Balanced Portfolio	0.87%	+10.79%	+11.18%	+6.23%
FNCFX	Franklin Income Fund	0.41%	+7.15%	+11.41%	+9.96%
PLFJX	Principal LifeTime 2020 Fund	0.76%	+10.12%	+10.67%	+6.20%
SSBYX	State Street Target Retirement 2030 Fund	0.09%	+11.12%	+15.79%	+8.24%
ABALX	American Balanced Fund	0.58%	+14.48%	+17.33%	+10.37%
JCRAX	ALPS \| CoreCommodity Mgmt CompleteCommoditiesSM Strategy Fund	1.39%	+19.24%	+4.36%	+14.40%
HRLFX	Hartford Real Asset Fund	0.91%	+13.27%	+9.60%	+11.89%
FMRAX	Fidelity Managed Retirement 2030 Fund	0.73%	+12.84%	+12.27%	+6.73%
TCFPX	Nuveen Lifecycle 2015 Fund	0.37%	+7.02%	+8.21%	+4.91%
PHJQX	Principal LifeTime Hybrid 2025 Fund	0.32%	+12.27%	+12.11%	+7.69%
PHJNX	Principal LifeTime Hybrid 2030 Fund	0.31%	+13.62%	+13.48%	+8.71%
NRIFX	Nuveen Real Asset Income Fund	0.81%	+5.44%	+10.48%	+6.63%
TIMIX	Nuveen Managed Allocation Fund	0.46%	+8.45%	+13.24%	+9.24%
MTODX	NYLI Income Builder Fund	0.68%	+13.80%	+13.82%	+8.42%
MNBWX	Pro-Blend Extended Term Series	0.10%	+8.63%	+11.55%	+6.94%
FFFCX	Fidelity Freedom 2010 Fund	0.46%	+6.99%	+9.79%	+4.43%
VWIAX	VANGUARD WELLESLEY INCOME FUND	0.16%	+6.15%	+9.67%	+5.22%
HBLFX	THE HARTFORD BALANCED INCOME FUND	0.56%	+7.51%	+9.23%	+6.46%
PBAPX	SAM Balanced Portfolio	1.02%	+12.98%	+13.98%	+8.63%
SSBSX	State Street Target Retirement 2025 Fund	0.09%	+9.09%	+13.46%	+7.22%
ZABDFX	American Beacon Diversified Fund	—	+10.72%	+12.59%	+9.53%
DBIWX	DWS Global Macro Fund	1.04%	+11.59%	+9.55%	+6.45%
VFORX	VANGUARD TARGET RETIREMENT 2040 FUND	0.08%	+13.88%	+18.67%	+10.62%
MSFKX	MFS Total Return Fund	0.40%	+6.74%	+12.13%	+8.11%
LTAOX	Principal LifeTime 2035 Fund	0.56%	+12.56%	+13.48%	+8.64%
RMTTX	Moderate Strategy Fund	0.75%	—	—	—
PQICX	PIMCO Dividend and Income Fund	0.92%	+11.53%	+14.66%	+11.67%
FATHX	Fidelity Advisor Freedom 2035 Fund	0.65%	-16.73%	-33.83%	-41.49%
FVLSX	Fidelity Flex Freedom Blend 2030 Fund	0.00%	+11.39%	+15.88%	+8.55%
TSIMX	Nuveen Lifestyle Moderate Fund	0.87%	+8.40%	+11.48%	+6.69%
SWYEX	Schwab Target 2030 Index Fund	0.08%	+10.48%	+15.65%	+8.56%
FBAKX	Fidelity Balanced Fund	0.46%	+11.35%	+14.26%	+10.21%
KTRZX	DWS Global Income Builder Fund	0.58%	+15.01%	+14.69%	+8.66%
TLFIX	Nuveen Lifecycle Index 2015 Fund	0.25%	+7.98%	+8.95%	+5.22%
FFBRX	Fidelity Freedom Blend 2035 Fund	0.47%	+12.50%	+17.86%	—
IIIPX	VOYA INDEX SOLUTION INCOME PORTFOLIO	0.20%	+7.37%	+10.21%	+4.52%
FAGIX	Fidelity Capital and Income Fund	0.90%	+12.77%	+12.18%	+9.03%
FULSX	Fidelity Flex Freedom Blend 2020 Fund	0.00%	+9.28%	+13.32%	+6.58%
TLIRX	Nuveen Lifecycle Retirement Income Fund	0.45%	+6.81%	+7.92%	+4.54%
RBSTX	Balanced Strategy Fund	0.89%	—	—	—
TAAMX	Transamerica Asset Allocation - Moderate Portfolio	0.95%	+14.62%	+13.19%	—
GAOPX	Goldman Sachs Balanced Strategy Portfolio	0.61%	+7.68%	+11.75%	+5.92%
FATVX	Fidelity Freedom Index 2015 Fund	0.04%	+7.66%	—	—
EKSRX	Allspring Diversified Income Builder Fund	0.53%	+12.87%	+14.45%	+8.42%
PHJTX	Principal LifeTime Hybrid 2020 Fund	0.48%	+11.31%	+11.12%	+6.64%
FPCIX	Strategic Advisers Core Income Fund	0.33%	+3.89%	+3.62%	-0.16%
MNMWX	Pro-Blend Moderate Term Series	0.10%	+8.34%	+10.36%	+5.84%
SWHRX	Schwab Target 2025 Fund	0.32%	+12.29%	+12.60%	+7.24%
TLIPX	Nuveen Lifecycle Index Retirement Income Fund	0.10%	+7.89%	+8.62%	+4.81%
DOXBX	Dodge & Cox Balanced Fund	0.43%	+9.74%	+15.05%	—
ISFAX	Lord Abbett Multi-Asset Income Fund	1.39%	+8.01%	+8.45%	+5.38%
TCIIX	Nuveen Lifecycle 2035 Fund	0.56%	+9.14%	+12.18%	+7.95%
MIBLX	BNY Mellon Asset Allocation Fund	0.87%	+11.12%	+11.68%	+8.40%
TCSIX	Nuveen Lifestyle Conservative Fund	0.50%	+7.16%	+9.16%	+5.01%
LPSAX	BlackRock LifePath Dynamic Retirement Fund	0.34%	+8.41%	+12.70%	+6.07%
TCLEX	Nuveen Lifecycle 2010 Fund	0.51%	+6.85%	+7.92%	+4.56%
FFBJX	Fidelity Freedom Blend 2015 Fund	0.18%	+7.97%	+11.35%	—
FPUKX	Fidelity Puritan Fund	0.47%	+10.50%	+14.48%	+9.65%
SWYDX	Schwab Target 2025 Index Fund	0.08%	+8.67%	+13.35%	+6.96%
FARFX	Fidelity Managed Retirement 2025 Fund	0.27%	-11.72%	-35.99%	-42.82%

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