Fidelity Fund Portfolios—Income

If your goal is to generate income from your investments, explore these model portfolios.

A path toward an income-generating portfolio

As an investor, you have your own knowledge of funds, tolerance for risk, and preference for asset allocation. Matching your unique financial situation to a particular goal—such as investing for growth and income—requires research and strategy.

To help you craft or adjust your investment approach, we've developed three models of income-generating portfolios: Conservative Income, Balanced Income, and Growth Income.

These portfolios emphasize interest and dividend income as a component of total return for a given level of investment risk. While the primary focus of the portfolios is to provide income, the underlying mutual funds continue to seek growth of capital over the long term.

Make the models work for you

Start by assessing your current circumstances and your short- and long-term financial goals; then compare and contrast the three model portfolios.

Review the methodology document (PDF) to learn how these models were created. This information can help inform your research into each individual fund, as well as into other funds, including non-Fidelity funds.

Use these model portfolios to help you research investments, refine your existing portfolio, and even build your own income-focused portfolio.

This asset mix may be appropriate for investors who wish to minimize fluctuations in market value, compared to an equity-only portfolio, and who seek to emphasize dividend and interest income (versus capital appreciation) as a component of total return.

Asset Mix

15% Equity
85% Bonds
0% Short Term

Asset Type Fund Name Allocation
Equity Fidelity® Equity Dividend Income (FEQTX) 15%
Investment Grade Bond Fidelity® Total Bond (FTBFX) 40%
Investment Grade Bond Fidelity® Investment Grade Bond (FBNDX) 10%
Investment Grade Bond Fidelity® Corporate Bond Fund (FCBFX) 10%
Investment Grade Bond Fidelity® Limited Term Bond (FJRLX) 25%

The primary objective of the Fidelity Fund Portfolios-Income is to provide a representation of just one way you might construct a portfolio of Fidelity mutual funds, designed for the purpose of providing a focus on interest and dividend income, over a range of long term risk levels, which are consistent with the asset allocations of a (sub)set of Fidelity’s Target Asset Mixes (TAMs). The Fidelity Fund Portfolios–Income represent three distinct income‐focused model portfolios (Conservative–Income, Balanced–Income, and Growth–Income) consistent with different levels of long-term risk. To learn more about our model portfolios, please see our methodology (PDF).

This asset mix may be appropriate for investors with a moderate tolerance for fluctuations in market value, and who seek to emphasize dividend and interest income (versus capital appreciation) as a component of total return.

Asset Mix

45% Equity
55% Bonds
0% Short Term

Asset Type Fund Name Allocation
Equity Fidelity® Equity Dividend Income (FEQTX) 45%
High Yield Bond Fidelity® Capital & Income (FAGIX) 10%
Investment Grade Bond Fidelity® Total Bond (FTBFX) 25%
Investment Grade Bond Fidelity® Corporate Bond (FCBFX) 10%
Investment Grade Bond Fidelity® Limited Term Bond (FJRLX) 10%

The primary objective of the Fidelity Fund Portfolios–Income is to provide a representation of just one way you might construct a portfolio of Fidelity mutual funds, designed for the purpose of providing a focus on interest and dividend income, over a range of long term risk levels, which are consistent with the asset allocations of a (sub)set of Fidelity's Target Asset Mixes (TAMs). The Fidelity Fund Portfolios–Income represent three distinct income‐focused model portfolios (Conservative–Income, Balanced–Income, and Growth–Income) consistent with different levels of long-term risk. To learn more about our model portfolios, please see our methodology (PDF).

This asset mix may be appropriate for investors with a significant tolerance for fluctuations in market value, and who seek to emphasize dividend and interest income (in addition to capital appreciation) as a component of total return.

Asset Mix

65% Equity
35% Bonds
0% Short Term

Asset Type Fund Name Allocation
Equity Fidelity® Equity Dividend Income (FEQTX) 35%
Equity Fidelity® Equity Income (FEQIX) 30%
High Yield Bond Fidelity® Capital & Income (FAGIX) 10%
Investment Grade Bond Fidelity® Total Bond (FTBFX) 15%
Investment Grade Bond Fidelity® Corporate Bond (FCBFX) 10%

The primary objective of the Fidelity Fund Portfolios–Income is to provide a representation of just one way you might construct a portfolio of Fidelity mutual funds, designed for the purpose of providing a focus on interest and dividend income, over a range of long term risk levels, which are consistent with the asset allocations of a (sub)set of Fidelity’s Target Asset Mixes (TAMs). The Fidelity Fund Portfolios–Income represent three distinct income‐focused model portfolios (Conservative–Income, Balanced–Income, and Growth–Income) consistent with different levels of long-term risk. To learn more about our model portfolios, please see our methodology (PDF).

Plan retirement on your terms

Fidelity can help guide you along the path to—and through—retirement.

Investing for Income
Develop a strategy that seeks to generate income from your retirement portfolio.

Retirement Planning
We can provide guidance, tools, and services to help you prepare for retirement.

Next steps

Speak with an Investment Professional
800-343-3548