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Fidelity Income Fund/MA – ‘N-Q’ for 4/30/17

On:  Wednesday, 6/28/17, at 10:44am ET   ·   Effective:  6/28/17   ·   For:  4/30/17   ·   Accession #:  1379491-17-4271   ·   File #:  811-04085

Previous ‘N-Q’:  ‘N-Q’ on 1/27/17 for 11/30/16   ·   Next:  ‘N-Q’ on 7/28/17 for 5/31/17   ·   Latest:  ‘N-Q’ on 1/28/19 for 11/30/18

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 6/28/17  Fidelity Income Fund/MA           N-Q         4/30/17    2:334K                                   Publishing Data … Inc/FAFidelity GNMA Fund FGMNXFidelity Managed Retirement 2005 Fund 5 Classes/ContractsFidelity Managed Retirement 2010 Fund 5 Classes/ContractsFidelity Managed Retirement 2015 Fund 5 Classes/ContractsFidelity Managed Retirement 2020 Fund 5 Classes/ContractsFidelity Managed Retirement 2025 Fund 5 Classes/ContractsFidelity Managed Retirement Income Fund 5 Classes/ContractsFidelity Simplicity RMD 2005 Fund 5 Classes/ContractsFidelity Simplicity RMD 2010 Fund 5 Classes/ContractsFidelity Simplicity RMD 2015 Fund 5 Classes/ContractsFidelity Simplicity RMD 2020 Fund 5 Classes/ContractsFidelity Simplicity RMD Income Fund 5 Classes/Contracts

Quarterly Schedule of Portfolio Holdings of a Management Investment Company   —   Form N-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-Q         Quarterly Schedule of Portfolio Holdings of a       HTML    239K 
                          Management Investment Company                          
 2: EX-99.CERT  Miscellaneous Exhibit -- ex99                       HTML     13K 


N-Q   —   Quarterly Schedule of Portfolio Holdings of a Management Investment Company


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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number   811-4085


Fidelity Income Fund

 (Exact name of registrant as specified in charter)


245 Summer St., Boston, Massachusetts  02210

 (Address of principal executive offices)       (Zip code)


Marc Bryant, Secretary

245 Summer St.

Boston, Massachusetts  02210

(Name and address of agent for service)



Registrant's telephone number, including area code:

617-563-7000



Date of fiscal year end:

July 31



Date of reporting period:

April 30, 2017


Item 1.

Schedule of Investments





Quarterly Holdings Report
for

Fidelity® GNMA Fund

April 30, 2017







MOG-QTLY-0617
1.800337.113





Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

U.S. Government and Government Agency Obligations - 0.1%   
 Principal Amount (000s) Value (000s) 
U.S. Treasury Obligations - 0.1%   
U.S. Treasury Notes:   
0.75% 7/15/19 (a)(b) $2,303 $2,275 
0.875% 9/15/19 245 242 
1.625% 3/15/20 489 492 
  3,009 
TOTAL U.S. GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS   
(Cost $3,031)  3,009 
U.S. Government Agency - Mortgage Securities - 87.6%   
Fannie Mae - 5.5%   
2.5% 8/1/31 3,010 3,033 
2.714% 3/1/35 (c) 31 32 
2.72% 7/1/36 (c) 147 154 
2.73% 7/1/34 (c) 48 50 
2.73% 12/1/34 (c) 75 78 
2.767% 10/1/33 (c) 24 25 
2.79% 2/1/33 (c) 25 26 
2.798% 10/1/33 (c) 60 64 
2.803% 9/1/33 (c) 574 594 
2.815% 7/1/35 (c) 30 31 
2.933% 1/1/35 (c) 227 236 
2.965% 5/1/35 (c) 364 382 
2.985% 8/1/35 (c) 389 409 
3.032% 9/1/34 (c) 439 467 
3.045% 7/1/34 (c) 707 752 
3.06% 11/1/36 (c) 244 253 
3.069% 3/1/33 (c) 118 124 
3.151% 6/1/47 (c) 121 125 
3.219% 3/1/36 (c) 165 172 
3.337% 8/1/35 (c) 507 529 
3.5% 5/1/47 (d) 123,100 126,591 
3.5% 5/1/47 (d) 61,900 63,655 
3.5% 5/1/47 (d) 62,000 63,758 
3.5% 5/1/47 (d) 5,600 5,759 
3.5% 5/1/47 (d) 5,200 5,347 
4% 9/1/45 to 11/1/46 18,688 19,762 
4% 5/1/47 (d) 2,300 2,423 
5.5% 12/1/17 to 3/1/20 175 182 
6.5% 10/1/17 
8.5% 12/1/27 60 70 
9.5% 9/1/30 13 16 
10.25% 10/1/18 
  295,101 
Freddie Mac - 0.2%   
2.626% 6/1/33 (c) 358 374 
2.817% 12/1/35 (c) 2,306 2,436 
2.85% 7/1/35 (c) 269 281 
2.867% 12/1/35 (c) 181 188 
2.898% 6/1/33 (c) 824 869 
2.95% 3/1/37 (c) 32 33 
2.962% 11/1/35 (c) 305 317 
2.985% 3/1/35 (c) 1,536 1,626 
2.989% 4/1/36 (c) 309 325 
3.11% 8/1/34 (c) 129 137 
3.13% 10/1/36 (c) 463 486 
3.193% 6/1/33 (c) 939 995 
3.232% 10/1/35 (c) 232 244 
3.542% 3/1/33 (c) 
8.5% 10/1/18 to 6/1/25 15 17 
9.5% 7/1/30 20 21 
  8,353 
Ginnie Mae - 81.9%   
2.5% 2/20/41 to 3/20/43 55,714 54,562 
3% 5/15/27 to 1/20/47 1,199,559 1,218,969 
3.25% 2/20/41 to 7/20/46 2,784 2,860 
3.5% 9/15/26 to 11/20/46 (a)(e) 1,572,475 1,641,148 
3.5% 5/1/47 (d) 77,640 80,673 
3.7% 10/15/42 12,779 13,429 
3.74% 7/20/42 to 8/20/42 1,604 1,684 
3.75% 10/20/41 to 11/20/46 31,681 33,153 
4% 2/20/33 to 2/20/46 (a) 571,651 610,551 
4% 5/15/44 3,457 3,693 
4% 5/1/47 (d) 47,830 50,565 
4% 7/1/47 (d) 14,700 15,487 
4.25% 1/20/46 690 733 
4.3% 8/20/61 (f) 6,011 6,154 
4.5% 7/15/33 to 3/20/43 314,422 340,529 
4.649% 2/20/62 (f) 5,447 5,645 
4.682% 2/20/62 (f) 7,038 7,282 
4.75% 7/15/40 1,663 1,813 
4.875% 9/15/39 to 12/15/39 8,965 9,818 
5% 8/15/18 to 4/15/41 137,500 152,732 
5.09% 4/15/36 to 11/15/36 7,035 7,822 
5.35% 4/20/29 to 12/20/30 12,430 13,651 
5.391% 11/20/59 (f) 11,143 11,275 
5.5% 12/20/18 to 2/20/42 13,680 15,407 
6% 8/15/17 to 3/15/39 17,753 20,363 
6.45% 1/15/32 to 8/15/32 385 453 
6.5% 5/15/23 to 1/15/39 10,799 12,357 
7% 4/15/22 to 9/20/34 20,532 23,945 
7.25% 9/15/27 43 50 
7.395% 6/20/25 to 2/20/27 573 648 
7.5% 9/15/21 to 9/20/32 8,471 9,838 
8% 1/15/20 to 9/15/31 2,295 2,694 
8.5% 5/15/17 to 2/15/31 179 216 
9% 9/15/19 to 5/15/30 161 177 
10.5% 10/15/18 
  4,370,376 
TOTAL U.S. GOVERNMENT AGENCY - MORTGAGE SECURITIES   
(Cost $4,657,463)  4,673,830 
Collateralized Mortgage Obligations - 16.2%   
U.S. Government Agency - 16.2%   
Fannie Mae planned amortization class Series G93-32 Class PJ, 6.75% 9/25/23 2,002 2,186 
Fannie Mae Stripped Mortgage-Backed Securities:   
Series 331 Class 12, 6.5% 2/25/33 (c)(g) 329 69 
Series 339 Class 5, 5.5% 7/25/33 (g) 408 81 
Series 343 Class 16, 5.5% 5/25/34 (g) 350 64 
Freddie Mac:   
planned amortization class:   
Series 2220 Class PD, 8% 3/15/30 726 867 
Series 40 Class K, 6.5% 8/17/24 217 239 
sequential payer Series 2204 Class N, 7.5% 12/20/29 1,572 1,854 
Ginnie Mae guaranteed Multi-family REMIC pass-thru securities sequential payer Series 2002-71 Class Z, 5.5% 10/20/32 6,598 7,381 
Ginnie Mae guaranteed REMIC pass-thru certificates:   
floater:   
Series 2001-22 Class FM, 1.3428% 5/20/31 (c) 144 144 
Series 2002-41 Class HF, 1.3944% 6/16/32 (c) 172 173 
Series 2007-37 Class TS, 5.6956% 6/16/37 (c)(g)(h) 1,944 391 
Series 2008-51 Class FE, 1.7444% 6/16/38 (c) 433 438 
Series 2008-57 Class AF, 1.5728% 7/20/38 (c) 1,366 1,379 
Series 2010-130 Class KF, 1.6444% 10/16/40 (c) 2,963 3,006 
Series 2010-H03 Class FA, 1.3306% 3/20/60 (c)(f) 24,991 25,007 
Series 2010-H17 Class FA, 1.3128% 7/20/60 (c)(f) 13,669 13,577 
Series 2010-H18 Class AF, 1.08% 9/20/60 (c)(f) 17,239 17,107 
Series 2010-H19 Class FG, 1.08% 8/20/60 (c)(f) 18,926 18,783 
Series 2010-H27 Series FA, 1.16% 12/20/60 (c)(f) 5,812 5,782 
Series 2011-H05 Class FA, 1.28% 12/20/60 (c)(f) 9,818 9,809 
Series 2011-H07 Class FA, 1.33% 2/20/61 (c)(f) 4,314 4,310 
Series 2011-H12 Class FA, 1.32% 2/20/61 (c)(f) 23,365 23,337 
Series 2011-H13 Class FA, 1.28% 4/20/61 (c)(f) 8,407 8,399 
Series 2011-H14:   
Class FB, 1.28% 5/20/61 (c)(f) 9,849 9,839 
Class FC, 1.28% 5/20/61 (c)(f) 8,888 8,879 
Series 2011-H17 Class FA, 1.36% 6/20/61 (c)(f) 12,168 12,167 
Series 2011-H21 Class FA, 1.38% 10/20/61 (c)(f) 13,674 13,702 
Series 2012-48 Class FA, 1.3444% 4/16/42 (c) 924 925 
Series 2012-76 Class GF 1.2944% 6/16/42 (c) 996 997 
Series 2012-H01 Class FA, 1.48% 11/20/61 (c)(f) 12,014 12,078 
Series 2012-H03 Class FA, 1.48% 1/20/62 (c)(f) 7,909 7,951 
Series 2012-H06 Class FA, 1.41% 1/20/62 (c)(f) 11,850 11,887 
Series 2012-H07 Class FA, 1.41% 3/20/62 (c)(f) 7,451 7,477 
Series 2012-H21 Class DF, 1.43% 5/20/61 (c)(f) 6,297 6,312 
Series 2012-H26, Class CA, 1.31% 7/20/60 (c)(f) 29,518 29,579 
Series 2015-H13 Class FL, 1.11% 5/20/63 (c)(f) 15,098 15,087 
Series 2015-H19 Class FA, 1.03% 4/20/63 (c)(f) 17,640 17,613 
Series 2016-12 Class FA, 1.3428% 1/20/46 (c) 4,410 4,397 
planned amortization class:   
Series 1993-13 Class PD, 6% 5/20/29 2,478 2,793 
Series 2002-50 Class PE, 6% 7/20/32 3,014 3,430 
Series 2003-74 Class PZ, 5.5% 8/20/33 3,705 4,348 
Series 2004-19 Class DP, 5.5% 3/20/34 127 133 
Series 2005-24 Class TC, 5.5% 3/20/35 5,403 5,981 
Series 2005-57 Class PB, 5.5% 7/20/35 5,673 6,433 
Series 2006-50 Class JC, 5% 6/20/36 3,679 3,932 
Series 2010-117 Class E, 3% 10/20/39 10,076 10,177 
Series 2010-160 Class MX, 4.5% 8/20/39 5,414 5,792 
Series 2011-136 Class WI, 4.5% 5/20/40 (g) 3,379 418 
sequential payer:   
Series 2001-40 Class Z, 6% 8/20/31 1,190 1,315 
Series 2001-49 Class Z, 7% 10/16/31 642 753 
Series 2002-18 Class ZB, 6% 3/20/32 1,156 1,306 
Series 2002-24 Class SK, 6.9556% 4/16/32 (c)(g)(h) 801 158 
Series 2002-29:   
Class SK, 8.25% 5/20/32 (c)(h) 96 118 
Class Z, 6.5% 5/16/32 1,662 1,924 
Series 2002-33 Class ZJ, 6.5% 5/20/32 1,166 1,359 
Series 2002-42 Class ZA, 6% 6/20/32 776 877 
Series 2002-45 Class Z, 6% 6/20/32 466 530 
Series 2003-75 Class ZA, 5.5% 9/20/33 2,818 3,163 
Series 2004-24 Class ZM, 5% 4/20/34 6,211 6,813 
Series 2004-46 Class BZ, 6% 6/20/34 3,443 3,937 
Series 2004-86 Class G, 6% 10/20/34 6,273 7,780 
Series 2005-26 Class ZA, 5.5% 1/20/35 18,845 21,025 
Series 2005-28 Class AJ, 5.5% 4/20/35 6,069 6,304 
Series 2005-47 Class ZY, 6% 6/20/35 8,122 9,444 
Series 2005-6 Class EX, 5.5% 11/20/34 1,001 1,172 
Series 2005-82 Class JV, 5% 6/20/35 3,500 3,930 
Series 2006-2 Class Z, 5.5% 1/20/36 11,957 13,094 
Series 2008-17 Class BN, 5% 2/20/38 4,987 5,361 
Series 2010-168 Class BG, 4% 4/20/40 9,198 9,861 
Series 2011-21 Class SB, 7.5111% 2/16/41 (c)(h) 15,000 16,392 
Series 2011-29 Class BV, 5% 5/20/40 10,483 11,579 
Series 2011-72 Class SE, 6.0278% 5/16/41 (c)(h) 39,757 41,212 
Series 2016-H04 Class FE, 1.48% 11/20/65 (c)(f) 8,684 8,713 
Series 1999-45 Class SC, 7.6056% 12/16/29 (c)(g) 
Series 2000-35 Class SA, 6.9556% 12/16/26 (c)(g)(h) 1,822 346 
Series 2000-36 Class S, 6.9556% 11/16/30 (c)(g) 1,257 221 
Series 2001-3 Class S, 7.1056% 2/16/31 (c)(g) 239 42 
Series 2001-36:   
Class SB, 7.1056% 12/16/23 (c)(g)(h) 615 89 
Class SP, 7.7556% 9/16/26 (c)(g) 369 47 
Series 2001-38 Class SB, 6.5856% 8/16/31 (c)(g)(h) 397 68 
Series 2001-49:   
Class SC, 6.6056% 12/16/25 (c)(g)(h) 803 111 
Class SL, 6.6056% 5/16/30 (c)(g)(h) 1,167 199 
Class SV, 7.2556% 12/16/28 (c)(g)(h) 96 11 
Series 2001-50:   
Class SD, 7.2072% 11/20/31 (c)(g)(h) 649 145 
Class ST, 6.7056% 8/16/27 (c)(g)(h) 285 51 
Class SV, 8.3056% 9/16/27 (c)(g) 737 93 
Series 2001-65 Class SV, 7.1072% 2/20/29 (c)(g)(h) 1,545 354 
Series 2002-21 Class SV, 7.1056% 3/16/32 (c)(g)(h) 2,031 416 
Series 2002-5 Class SP, 6.4556% 1/16/32 (c)(g)(h) 403 60 
Series 2003-23 Class S, 5.5556% 12/16/29 (c)(g)(h) 2,012 333 
Series 2003-42 Class SH, 5.5572% 5/20/33 (c)(g)(h) 829 164 
Series 2004-32:   
Class GS, 5.5056% 5/16/34 (c)(g)(h) 571 104 
Class SG, 5.5072% 3/20/33 (c)(g)(h) 9,055 1,560 
Series 2004-59 Class SC, 6.2056% 8/16/34 (c)(g) 3,488 758 
Series 2004-73 Class AL, 6.2056% 8/17/34 (c)(g)(h) 1,244 284 
Series 2005-13 Class SA, 5.8072% 2/20/35 (c)(g)(h) 6,854 1,362 
Series 2005-6 Class EY, 5.5% 11/20/33 1,016 1,172 
Series 2005-82 Class NS, 5.3072% 7/20/34 (c)(g) 7,009 1,225 
Series 2006-13 Class DS, 9.6108% 3/20/36 (c)(h) 6,747 8,602 
Series 2007-35 Class SC, 34.2334% 6/16/37 (c)(h) 2,127 3,892 
Series 2008-15 Class CI, 5.4972% 2/20/38 (c)(g) 3,060 533 
Series 2009-13 Class E, 4.5% 3/16/39 5,647 5,910 
Series 2009-42 Class AY, 5% 6/16/37 3,823 4,118 
Series 2010-14 Class SN, 4.9556% 2/16/40 (c)(g)(h) 4,809 739 
Series 2010-H10 Class FA, 1.1106% 5/20/60 (c)(f) 9,778 9,713 
Series 2010-H12 Class PT, 5.47% 11/20/59 (f) 1,942 1,964 
Series 2011-52 Class HI, 7% 4/16/41 (g) 865 207 
Series 2012-103 Class IL, 3% 8/20/27 (g) 49,619 4,628 
Series 2012-64 Class KI, 3.5% 11/20/36 (g) 2,509 194 
Series 2012-76 Class GS, 5.7056% 6/16/42 (c)(g)(h) 3,023 565 
Series 2013-124:   
Class ES, 7.343% 4/20/39 (c)(h) 8,861 9,349 
Class ST, 7.4763% 8/20/39 (c)(h) 18,803 20,280 
Series 2013-182 Class IQ, 4.5% 12/16/43 (g) 12,308 2,444 
Series 2013-39 Class GS, 7.5144% 3/20/41 (c) 56,041 61,966 
Series 2015-H13 Class HA, 2.5% 8/20/64 (f) 68,693 69,355 
Series 2015-H17 Class HA, 2.5% 5/20/65 (f) 26,639 26,903 
Series 2015-H21:   
Class HZ, 4.5673% 6/20/63 (c)(f) 5,374 5,780 
Class JZ, 4.6865% 6/20/65 (c)(f) 1,077 1,176 
Series 2016-146 Class AL, 5.9428% 5/20/40 (c) 6,708 7,726 
Series 2016-17:   
Class A, 3% 2/16/46 43,641 44,595 
Class S, 5.1556% 2/16/46 (c)(g) 27,184 4,599 
Series 2017-H06 Class FA, 1.17% 8/20/66 (c)(f) 34,934 34,999 
  864,282 
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS   
(Cost $855,168)  864,282 
Commercial Mortgage Securities - 0.0%   
Ginnie Mae guaranteed Multi-family REMIC pass-thru securities:   
sequential payer Series 2001-58 Class X, 0.4902% 9/16/41 (c)(g) 4,526 27 
Series 2001-12 Class X, 0.643% 7/16/40 (c)(g) 1,268 
Ginnie Mae guaranteed REMIC pass-thru certificates:   
sequential payer Series 2002-81 Class IO, 0.6176% 9/16/42 (c)(g) 6,555 123 
Series 2002-62 Class IO, 1.1232% 8/16/42 (c)(g) 2,261 34 
TOTAL COMMERCIAL MORTGAGE SECURITIES   
(Cost $6,518)  186 
 Shares Value (000s) 
Money Market Funds - 3.8%   
Fidelity Cash Central Fund, 0.85% (i)   
(Cost $205,118) 205,079,158 205,120 
TOTAL INVESTMENT PORTFOLIO - 107.7%   
(Cost $5,727,298)  5,746,427 
NET OTHER ASSETS (LIABILITIES) - (7.7)%  (412,064) 
NET ASSETS - 100%  $5,334,363 

TBA Sale Commitments   
 Principal Amount (000s) Value (000s) 
Ginnie Mae   
3% 5/1/47 $(4,500) $(4,561) 
3% 5/1/47 (5,000) (5,068) 
3% 5/1/47 (5,500) (5,574) 
3.5% 5/1/47 (5,000) (5,195) 
3.5% 5/1/47 (5,000) (5,195) 
3.5% 5/1/47 (3,000) (3,117) 
4% 5/1/47 (14,700) (15,541) 
TOTAL TBA SALE COMMITMENTS   
(Proceeds $44,227)  $(44,251) 

Futures Contracts    
 Expiration Date Underlying Face Amount at Value (000s) Unrealized Appreciation/(Depreciation) (000s) 
Sold    
Treasury Contracts    
230 CBOT 10-Year U.S. Treasury Note Contracts (United States) June 2017 28,915 $(389) 
489 CBOT 2-Year U.S. Treasury Note Contracts (United States) June 2017 105,922 (200) 
860 CBOT 5-Year U.S. Treasury Note Contracts (United States) June 2017 101,829 (760) 
3 CBOT Long Term U.S. Treasury Bond Contracts (United States) June 2017 459 (9) 
TOTAL FUTURES CONTRACTS   $(1,358) 

The face value of futures sold as a percentage of Net Assets is 4.4%

Swaps

Clearinghouse/Counterparty(1) Expiration Date Notional Amount (000s) Payment Received Payment Paid Value (000s) Upfront Premium Received/(Paid) (000s)(2) Unrealized Appreciation/(Depreciation) (000s) 
Interest Rate Swaps        
LCH Jun. 2027 $72,350 3-month LIBOR 1.5% $(1,290) $0 $(1,290) 

 (1) Swaps with LCH Clearnet Group (LCH) are centrally cleared over-the-counter (OTC) swaps.

 (2) Any premiums for centrally cleared over-the-counter (OTC) swaps are recorded periodically throughout the term of the swap to variation margin and included in unrealized appreciation (depreciation).


Values shown as $0 may reflect amounts less than $500.

Legend

 (a) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,577,000.

 (b) Security or a portion of the security has been segregated as collateral for mortgage-backed or asset-backed securities purchased on a delayed delivery or when-issued basis. At period end, the value of securities pledged amounted to $129,000.

 (c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

 (d) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

 (e) Security or a portion of the security was pledged to cover margin requirements for centrally cleared OTC swaps. At period end, the value of securities pledged amounted to $4,512,000.

 (f) Represents an investment in an underlying pool of reverse mortgages which typically do not require regular principal and interest payments as repayment is deferred until a maturity event.

 (g) Security represents right to receive monthly interest payments on an underlying pool of mortgages or assets. Principal shown is the outstanding par amount of the pool as of the end of the period.

 (h) Coupon is inversely indexed to a floating interest rate multiplied by a specified factor. The price may be considerably more volatile than the price of a comparable fixed rate security.

 (i) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.


Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
 (Amounts in thousands) 
Fidelity Cash Central Fund $916 
Total $916 

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2017, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
(Amounts in thousands)     
Investments in Securities:     
U.S. Government and Government Agency Obligations $3,009 $-- $3,009 $-- 
U.S. Government Agency - Mortgage Securities 4,673,830 -- 4,673,830 -- 
Collateralized Mortgage Obligations 864,282 -- 864,282 -- 
Commercial Mortgage Securities 186 -- 186 -- 
Money Market Funds 205,120 205,120 -- -- 
Total Investments in Securities: $5,746,427 $205,120 $5,541,307 $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(1,358) $(1,358) $-- $-- 
Swaps (1,290) -- (1,290) -- 
Total Liabilities $(2,648) $(1,358) $(1,290) $-- 
Total Derivative Instruments: $(2,648) $(1,358) $(1,290) $-- 
Other Financial Instruments:     
TBA Sale Commitments $(44,251) $-- $(44,251) $-- 
Total Other Financial Instruments: $(44,251) $-- $(44,251) $-- 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker supplied prices. Collateralized mortgage obligations, commercial mortgage securities and U.S. government agency mortgage securities are valued by pricing vendors who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker supplied prices.

Swaps are marked-to-market daily based on valuations from third party pricing vendors, registered derivatives clearing organizations (clearinghouses) or broker-supplied valuations. These pricing sources may utilize inputs such as interest rate curves, credit spread curves, default possibilities and recovery rates.

When independent prices are unavailable or unreliable, debt securities and swaps may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities and swaps are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At April 30, 2017, the cost of investment securities for income tax purposes was $5,727,405,000. Net unrealized appreciation aggregated $19,022,000, of which $64,700,000 related to appreciated investment securities and $45,678,000 related to depreciated investment securities.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity Simplicity RMD Income Fund℠ (formerly Fidelity Income Replacement 2024 Fund℠)

April 30, 2017







RW24-QTLY-0617
1.858588.109





Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Equity Funds - 31.4%   
 Shares Value 
Domestic Equity Funds - 28.6%   
Fidelity Advisor Mid Cap II Fund Class I (a) 18,837 $382,773 
Fidelity Blue Chip Growth Fund (a) 4,564 355,088 
Fidelity Equity-Income Fund (a) 9,297 546,965 
Fidelity Large Cap Stock Fund (a) 13,274 409,491 
Fidelity Series 100 Index Fund (a) 22,806 355,088 
Fidelity Series Broad Market Opportunities Fund (a) 36,495 628,086 
Fidelity Series Small Cap Opportunities Fund (a) 3,789 54,404 
TOTAL DOMESTIC EQUITY FUNDS  2,731,895 
International Equity Funds - 2.8%   
Fidelity Advisor International Discovery Fund Class I (a) 6,440 265,348 
TOTAL EQUITY FUNDS   
(Cost $2,339,220)  2,997,243 
Fixed-Income Funds - 40.7%   
High Yield Fixed-Income Funds - 1.3%   
Fidelity Capital & Income Fund (a) 6,046 61,008 
Fidelity Strategic Income Fund (a) 5,587 61,008 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  122,016 
Investment Grade Fixed-Income Funds - 39.4%   
Fidelity Government Income Fund (a) 73,398 752,325 
Fidelity Strategic Real Return Fund (a) 85,686 752,325 
Fidelity Total Bond Fund (a) 211,926 2,257,010 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  3,761,660 
TOTAL FIXED-INCOME FUNDS   
(Cost $3,909,731)  3,883,676 
Short-Term Funds - 27.9%   
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% (a)(b) 1,332,926 1,332,926 
Fidelity Short-Term Bond Fund (a) 154,632 1,332,926 
TOTAL SHORT-TERM FUNDS   
(Cost $2,660,120)  2,665,852 
TOTAL INVESTMENT PORTFOLIO - 100.0%   
(Cost $8,909,071)  9,546,771 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (294) 
NET ASSETS - 100%  $9,546,477 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Value, end of period 
Fidelity Advisor International Discovery Fund Class I $292,353 $76,922 $124,774 $5,002 $265,348 
Fidelity Advisor Mid Cap II Fund Class I 403,149 117,674 165,794 2,007 382,773 
Fidelity Blue Chip Growth Fund 374,286 105,632 169,387 888 355,088 
Fidelity Capital & Income Fund 98,692 24,693 68,030 2,956 61,008 
Fidelity Equity-Income Fund 575,395 153,538 229,196 10,683 546,965 
Fidelity Government Income Fund 708,536 238,785 161,988 9,749 752,325 
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% 1,200,136 399,900 267,110 4,132 1,332,926 
Fidelity Large Cap Stock Fund 432,012 108,128 185,131 4,051 409,491 
Fidelity Series 100 Index Fund 374,286 93,583 147,147 8,973 355,088 
Fidelity Series Broad Market Opportunities Fund 661,983 159,547 278,234 3,443 628,086 
Fidelity Series Small Cap Opportunities Fund 57,726 14,619 24,418 310 54,404 
Fidelity Short-Term Bond Fund 1,200,136 411,113 272,314 11,215 1,332,926 
Fidelity Strategic Income Fund 98,692 24,083 62,790 2,382 61,008 
Fidelity Strategic Real Return Fund 708,536 213,599 167,222 14,401 752,325 
Fidelity Total Bond Fund 2,124,676 677,789 502,573 49,027 2,257,010 
Total $9,310,594 $2,819,605 $2,826,108 $129,219 $9,546,771 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At April 30, 2017, the cost of investment securities for income tax purposes was $8,932,926. Net unrealized appreciation aggregated $613,845, of which $737,841 related to appreciated investment securities and $123,996 related to depreciated investment securities.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity Simplicity RMD 2015 Fund℠ (formerly Fidelity Income Replacement 2036 Fund℠)

April 30, 2017







RW36-QTLY-0617
1.858600.109





Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Equity Funds - 52.9%   
 Shares Value 
Domestic Equity Funds - 45.1%   
Fidelity Advisor Mid Cap II Fund Class I (a) 30,900 $627,893 
Fidelity Blue Chip Growth Fund (a) 7,495 583,115 
Fidelity Equity-Income Fund (a) 15,257 897,559 
Fidelity Large Cap Stock Fund (a) 21,805 672,672 
Fidelity Series 100 Index Fund (a) 37,451 583,115 
Fidelity Series Broad Market Opportunities Fund (a) 59,959 1,031,895 
Fidelity Series Small Cap Opportunities Fund (a) 6,237 89,557 
TOTAL DOMESTIC EQUITY FUNDS  4,485,806 
International Equity Funds - 7.8%   
Fidelity Advisor International Discovery Fund Class I (a) 18,984 782,130 
TOTAL EQUITY FUNDS   
(Cost $4,146,375)  5,267,936 
Fixed-Income Funds - 33.7%   
High Yield Fixed-Income Funds - 4.9%   
Fidelity Capital & Income Fund (a) 24,359 245,784 
Fidelity Strategic Income Fund (a) 22,508 245,784 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  491,568 
Investment Grade Fixed-Income Funds - 28.8%   
Fidelity Government Income Fund (a) 55,821 572,169 
Fidelity Strategic Real Return Fund (a) 65,167 572,169 
Fidelity Total Bond Fund (a) 161,268 1,717,502 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  2,861,840 
TOTAL FIXED-INCOME FUNDS   
(Cost $3,376,969)  3,353,408 
Short-Term Funds - 13.4%   
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% (a)(b) 664,711 664,711 
Fidelity Short-Term Bond Fund (a) 77,113 664,711 
TOTAL SHORT-TERM FUNDS   
(Cost $1,326,392)  1,329,422 
TOTAL INVESTMENT PORTFOLIO - 100.0%   
(Cost $8,849,736)  9,950,766 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (672) 
NET ASSETS - 100%  $9,950,094 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Fidelity Funds, excluding the Fidelity Money Market Central Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Value, end of period 
Fidelity Advisor International Discovery Fund Class I $894,729 $80,342 $251,320 $13,191 $782,130 
Fidelity Advisor Mid Cap II Fund Class I 698,218 63,324 174,999 2,973 627,893 
Fidelity Blue Chip Growth Fund 647,718 50,658 182,704 1,285 583,115 
Fidelity Capital & Income Fund 276,652 16,828 62,630 7,867 245,784 
Fidelity Equity-Income Fund 996,826 78,302 249,281 15,941 897,559 
Fidelity Government Income Fund 622,467 88,548 114,310 7,094 572,169 
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% 717,978 83,083 136,350 2,013 664,711 
Fidelity Large Cap Stock Fund 747,620 40,622 197,414 6,147 672,672 
Fidelity Series 100 Index Fund 647,718 36,719 152,777 13,218 583,115 
Fidelity Series Broad Market Opportunities Fund 1,146,131 46,224 288,098 5,091 1,031,895 
Fidelity Series Small Cap Opportunities Fund 99,902 7,187 27,279 455 89,557 
Fidelity Short-Term Bond Fund 717,978 85,677 135,863 5,466 664,711 
Fidelity Strategic Income Fund 276,652 21,354 55,565 6,366 245,784 
Fidelity Strategic Real Return Fund 622,468 70,286 117,839 10,432 572,169 
Fidelity Total Bond Fund 1,865,206 233,685 349,993 35,608 1,717,502 
Total $10,978,263 $1,002,839 $2,496,422 $133,147 $9,950,766 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At April 30, 2017, the cost of investment securities for income tax purposes was $8,893,531. Net unrealized appreciation aggregated $1,057,235, of which $1,125,619 related to appreciated investment securities and $68,384 related to depreciated investment securities.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity Managed Retirement 2015 Fund℠ (formerly Fidelity Income Replacement 2034 Fund℠)

April 30, 2017







RW34-QTLY-0617
1.858598.109





Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Equity Funds - 51.2%   
 Shares Value 
Domestic Equity Funds - 44.1%   
Fidelity Advisor Mid Cap II Fund Class I (a) 18,853 $383,088 
Fidelity Blue Chip Growth Fund (a) 4,573 355,769 
Fidelity Equity-Income Fund (a) 9,309 547,624 
Fidelity Large Cap Stock Fund (a) 13,303 410,407 
Fidelity Series 100 Index Fund (a) 22,850 355,769 
Fidelity Series Broad Market Opportunities Fund (a) 36,582 629,581 
Fidelity Series Small Cap Opportunities Fund (a) 3,805 54,638 
TOTAL DOMESTIC EQUITY FUNDS  2,736,876 
International Equity Funds - 7.1%   
Fidelity Advisor International Discovery Fund Class I (a) 10,670 439,588 
TOTAL EQUITY FUNDS   
(Cost $2,180,077)  3,176,464 
Fixed-Income Funds - 34.4%   
High Yield Fixed-Income Funds - 4.7%   
Fidelity Capital & Income Fund (a) 14,399 145,288 
Fidelity Strategic Income Fund (a) 13,305 145,288 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  290,576 
Investment Grade Fixed-Income Funds - 29.7%   
Fidelity Government Income Fund (a) 36,042 369,429 
Fidelity Strategic Real Return Fund (a) 42,076 369,429 
Fidelity Total Bond Fund (a) 104,123 1,108,905 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  1,847,763 
TOTAL FIXED-INCOME FUNDS   
(Cost $2,092,428)  2,138,339 
Short-Term Funds - 14.4%   
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% (a)(b) 447,041 447,041 
Fidelity Short-Term Bond Fund (a) 51,861 447,041 
TOTAL SHORT-TERM FUNDS   
(Cost $887,913)  894,082 
TOTAL INVESTMENT PORTFOLIO - 100.0%   
(Cost $5,160,418)  6,208,885 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (211) 
NET ASSETS - 100%  $6,208,674 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Value, end of period 
Fidelity Advisor International Discovery Fund Class I $570,895 $43,801 $207,657 $8,142 $439,588 
Fidelity Advisor Mid Cap II Fund Class I 482,589 38,782 164,774 1,985 383,088 
Fidelity Blue Chip Growth Fund 447,731 31,648 166,538 916 355,769 
Fidelity Capital & Income Fund 185,134 8,826 58,248 5,191 145,288 
Fidelity Equity-Income Fund 689,412 43,000 231,839 10,916 547,624 
Fidelity Government Income Fund 457,026 55,002 124,145 5,100 369,429 
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% 537,587 59,973 150,519 1,474 447,041 
Fidelity Large Cap Stock Fund 516,672 21,755 182,692 4,089 410,407 
Fidelity Series 100 Index Fund 447,731 19,397 145,039 8,736 355,769 
Fidelity Series Broad Market Opportunities Fund 792,437 24,869 270,561 3,401 629,581 
Fidelity Series Small Cap Opportunities Fund 68,941 4,223 24,897 321 54,638 
Fidelity Short-Term Bond Fund 537,587 62,076 150,118 4,042 447,041 
Fidelity Strategic Income Fund 185,134 11,015 52,761 4,200 145,288 
Fidelity Strategic Real Return Fund 457,026 42,180 127,038 7,536 369,429 
Fidelity Total Bond Fund 1,370,302 140,065 376,636 25,736 1,108,905 
Total $7,746,204 $606,612 $2,433,462 $91,785 $6,208,885 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At April 30, 2017, the cost of investment securities for income tax purposes was $5,195,703. Net unrealized appreciation aggregated $1,013,182, of which $1,051,415 related to appreciated investment securities and $38,233 related to depreciated investment securities.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity Simplicity RMD 2020 Fund℠ (formerly Fidelity Income Replacement 2040 Fund℠)

April 30, 2017







RW40-QTLY-0617
1.867274.109





Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Equity Funds - 56.2%   
 Shares Value 
Domestic Equity Funds - 46.7%   
Fidelity Advisor Mid Cap II Fund Class I (a) 29,721 $603,932 
Fidelity Blue Chip Growth Fund (a) 7,205 560,530 
Fidelity Equity-Income Fund (a) 14,661 862,496 
Fidelity Large Cap Stock Fund (a) 20,983 647,334 
Fidelity Series 100 Index Fund (a) 36,001 560,530 
Fidelity Series Broad Market Opportunities Fund (a) 57,628 991,778 
Fidelity Series Small Cap Opportunities Fund (a) 5,981 85,880 
TOTAL DOMESTIC EQUITY FUNDS  4,312,480 
International Equity Funds - 9.5%   
Fidelity Advisor International Discovery Fund Class I (a) 21,203 873,578 
TOTAL EQUITY FUNDS   
(Cost $4,079,655)  5,186,058 
Fixed-Income Funds - 33.0%   
High Yield Fixed-Income Funds - 5.4%   
Fidelity Capital & Income Fund (a) 24,894 251,176 
Fidelity Strategic Income Fund (a) 23,002 251,177 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  502,353 
Investment Grade Fixed-Income Funds - 27.6%   
Fidelity Government Income Fund (a) 49,731 509,741 
Fidelity Strategic Real Return Fund (a) 58,057 509,741 
Fidelity Total Bond Fund (a) 143,415 1,527,376 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  2,546,858 
TOTAL FIXED-INCOME FUNDS   
(Cost $3,058,497)  3,049,211 
Short-Term Funds - 10.8%   
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% (a)(b) 499,583 499,583 
Fidelity Short-Term Bond Fund (a) 57,956 499,583 
TOTAL SHORT-TERM FUNDS   
(Cost $996,826)  999,166 
TOTAL INVESTMENT PORTFOLIO - 100.0%   
(Cost $8,134,978)  9,234,435 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (506) 
NET ASSETS - 100%  $9,233,929 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Value, end of period 
Fidelity Advisor International Discovery Fund Class I $955,013 $90,676 $237,965 $14,427 $873,578 
Fidelity Advisor Mid Cap II Fund Class I 643,511 61,341 140,132 2,796 603,932 
Fidelity Blue Chip Growth Fund 597,616 48,084 150,413 1,248 560,530 
Fidelity Capital & Income Fund 269,513 18,012 51,552 8,006 251,176 
Fidelity Equity-Income Fund 918,883 78,460 201,284 15,433 862,496 
Fidelity Government Income Fund 533,167 78,380 80,165 6,343 509,741 
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% 506,801 72,755 79,974 1,491 499,583 
Fidelity Large Cap Stock Fund 689,406 41,607 160,958 5,780 647,334 
Fidelity Series 100 Index Fund 597,615 35,157 121,183 12,449 560,530 
Fidelity Series Broad Market Opportunities Fund 1,056,569 44,263 230,323 4,789 991,778 
Fidelity Series Small Cap Opportunities Fund 91,791 7,420 22,513 438 85,880 
Fidelity Short-Term Bond Fund 506,801 74,707 79,726 4,036 499,583 
Fidelity Strategic Income Fund 269,513 21,965 43,719 6,475 251,177 
Fidelity Strategic Real Return Fund 533,167 63,529 84,257 9,453 509,741 
Fidelity Total Bond Fund 1,595,591 208,304 249,124 31,838 1,527,376 
Total $9,764,957 $944,660 $1,933,288 $125,002 $9,234,435 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At April 30, 2017, the cost of investment securities for income tax purposes was $8,164,850. Net unrealized appreciation aggregated $1,069,585, of which $1,118,593 related to appreciated investment securities and $49,008 related to depreciated investment securities.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity Managed Retirement 2010 Fund℠ (formerly Fidelity Income Replacement 2030 Fund℠)

April 30, 2017







RW30-QTLY-0617
1.858594.109





Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Equity Funds - 46.5%   
 Shares Value 
Domestic Equity Funds - 41.0%   
Fidelity Advisor Mid Cap II Fund Class I (a) 37,826 $768,624 
Fidelity Blue Chip Growth Fund (a) 9,174 713,723 
Fidelity Equity-Income Fund (a) 18,642 1,096,696 
Fidelity Large Cap Stock Fund (a) 26,695 823,526 
Fidelity Series 100 Index Fund (a) 45,840 713,723 
Fidelity Series Broad Market Opportunities Fund (a) 73,295 1,261,401 
Fidelity Series Small Cap Opportunities Fund (a) 7,646 109,804 
TOTAL DOMESTIC EQUITY FUNDS  5,487,497 
International Equity Funds - 5.5%   
Fidelity Advisor International Discovery Fund Class I (a) 17,876 736,487 
TOTAL EQUITY FUNDS   
(Cost $4,695,886)  6,223,984 
Fixed-Income Funds - 36.3%   
High Yield Fixed-Income Funds - 4.0%   
Fidelity Capital & Income Fund (a) 26,410 266,474 
Fidelity Strategic Income Fund (a) 24,402 266,474 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  532,948 
Investment Grade Fixed-Income Funds - 32.3%   
Fidelity Government Income Fund (a) 84,524 866,376 
Fidelity Strategic Real Return Fund (a) 98,676 866,376 
Fidelity Total Bond Fund (a) 243,924 2,597,789 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  4,330,541 
TOTAL FIXED-INCOME FUNDS   
(Cost $4,861,808)  4,863,489 
Short-Term Funds - 17.2%   
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% (a)(b) 1,151,598 1,151,598 
Fidelity Short-Term Bond Fund (a) 133,596 1,151,597 
TOTAL SHORT-TERM FUNDS   
(Cost $2,293,528)  2,303,195 
TOTAL INVESTMENT PORTFOLIO - 100.0%   
(Cost $11,851,222)  13,390,668 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (255) 
NET ASSETS - 100%  $13,390,413 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Value, end of period 
Fidelity Advisor International Discovery Fund Class I $824,854 $73,823 $217,810 $12,160 $736,487 
Fidelity Advisor Mid Cap II Fund Class I 830,543 79,402 191,074 3,540 768,624 
Fidelity Blue Chip Growth Fund 770,812 65,595 205,524 1,581 713,723 
Fidelity Capital & Income Fund 294,387 18,448 62,521 8,602 266,474 
Fidelity Equity-Income Fund 1,186,083 97,697 272,510 19,442 1,096,696 
Fidelity Government Income Fund 903,073 135,290 135,794 10,743 866,376 
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% 1,181,817 157,780 187,999 3,455 1,151,598 
Fidelity Large Cap Stock Fund 888,851 51,408 215,284 7,348 823,526 
Fidelity Series 100 Index Fund 770,812 44,411 164,012 15,740 713,723 
Fidelity Series Broad Market Opportunities Fund 1,363,854 66,965 324,119 6,071 1,261,401 
Fidelity Series Small Cap Opportunities Fund 118,039 9,374 29,209 554 109,804 
Fidelity Short-Term Bond Fund 1,181,817 161,933 187,144 9,352 1,151,597 
Fidelity Strategic Income Fund 294,387 20,858 52,403 6,962 266,474 
Fidelity Strategic Real Return Fund 903,073 108,933 141,151 15,755 866,376 
Fidelity Total Bond Fund 2,709,220 351,112 416,643 53,944 2,597,789 
Total $14,221,622 $1,443,029 $2,803,197 $175,249 $13,390,668 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At April 30, 2017, the cost of investment securities for income tax purposes was $11,889,041. Net unrealized appreciation aggregated $1,501,627, of which $1,561,506 related to appreciated investment securities and $59,879 related to depreciated investment securities.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity Managed Retirement 2020 Fund℠ (formerly Fidelity Income Replacement 2038 Fund℠)

April 30, 2017







RW38-QTLY-0617
1.867270.109





Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Equity Funds - 54.6%   
 Shares Value 
Domestic Equity Funds - 45.9%   
Fidelity Advisor Mid Cap II Fund Class I (a) 14,943 $303,632 
Fidelity Blue Chip Growth Fund (a) 3,624 281,911 
Fidelity Equity-Income Fund (a) 7,369 433,491 
Fidelity Large Cap Stock Fund (a) 10,546 325,354 
Fidelity Series 100 Index Fund (a) 18,106 281,911 
Fidelity Series Broad Market Opportunities Fund (a) 28,975 498,656 
Fidelity Series Small Cap Opportunities Fund (a) 3,025 43,444 
TOTAL DOMESTIC EQUITY FUNDS  2,168,399 
International Equity Funds - 8.7%   
Fidelity Advisor International Discovery Fund Class I (a) 9,903 407,991 
TOTAL EQUITY FUNDS   
(Cost $1,848,273)  2,576,390 
Fixed-Income Funds - 33.1%   
High Yield Fixed-Income Funds - 5.2%   
Fidelity Capital & Income Fund (a) 12,121 122,303 
Fidelity Strategic Income Fund (a) 11,200 122,303 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  244,606 
Investment Grade Fixed-Income Funds - 27.9%   
Fidelity Government Income Fund (a) 25,753 263,967 
Fidelity Strategic Real Return Fund (a) 30,065 263,967 
Fidelity Total Bond Fund (a) 74,312 791,426 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  1,319,360 
TOTAL FIXED-INCOME FUNDS   
(Cost $1,535,840)  1,563,966 
Short-Term Funds - 12.3%   
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% (a)(b) 290,883 290,883 
Fidelity Short-Term Bond Fund (a) 33,745 290,883 
TOTAL SHORT-TERM FUNDS   
(Cost $578,038)  581,766 
TOTAL INVESTMENT PORTFOLIO - 100.0%   
(Cost $3,962,151)  4,722,122 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (166) 
NET ASSETS - 100%  $4,721,956 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Value, end of period 
Fidelity Advisor International Discovery Fund Class I $444,172 $38,258 $104,589 $6,904 $407,991 
Fidelity Advisor Mid Cap II Fund Class I 321,454 28,067 66,142 1,440 303,632 
Fidelity Blue Chip Growth Fund 298,599 22,152 71,488 618 281,911 
Fidelity Capital & Income Fund 131,164 7,231 23,542 3,901 122,303 
Fidelity Equity-Income Fund 459,077 33,952 94,095 7,720 433,491 
Fidelity Government Income Fund 275,744 37,704 38,118 3,274 263,967 
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% 293,134 39,894 42,145 867 290,883 
Fidelity Large Cap Stock Fund 344,308 17,112 75,609 2,965 325,354 
Fidelity Series 100 Index Fund 298,599 14,805 56,357 6,417 281,911 
Fidelity Series Broad Market Opportunities Fund 528,138 17,584 108,736 2,467 498,656 
Fidelity Series Small Cap Opportunities Fund 45,709 3,454 10,433 217 43,444 
Fidelity Short-Term Bond Fund 293,133 41,002 41,934 2,357 290,883 
Fidelity Strategic Income Fund 131,164 9,650 20,160 3,152 122,303 
Fidelity Strategic Real Return Fund 275,745 29,667 40,247 4,859 263,967 
Fidelity Total Bond Fund 828,221 95,176 117,370 16,488 791,426 
Total $4,968,361 $435,708 $910,965 $63,646 $4,722,122 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At April 30, 2017, the cost of investment securities for income tax purposes was $3,977,647. Net unrealized appreciation aggregated $744,475, of which $757,991 related to appreciated investment securities and $13,516 related to depreciated investment securities.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity Managed Retirement 2005 Fund℠ (formerly Fidelity Income Replacement 2026 Fund℠)

April 30, 2017







RW26-QTLY-0617
1.858590.109





Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Equity Funds - 38.0%   
 Shares Value 
Domestic Equity Funds - 34.2%   
Fidelity Advisor Mid Cap II Fund Class I (a) 25,600 $520,185 
Fidelity Blue Chip Growth Fund (a) 6,212 483,265 
Fidelity Equity-Income Fund (a) 12,626 742,812 
Fidelity Large Cap Stock Fund (a) 18,059 557,109 
Fidelity Series 100 Index Fund (a) 31,038 483,265 
Fidelity Series Broad Market Opportunities Fund (a) 49,661 854,671 
Fidelity Series Small Cap Opportunities Fund (a) 5,142 73,844 
TOTAL DOMESTIC EQUITY FUNDS  3,715,151 
International Equity Funds - 3.8%   
Fidelity Advisor International Discovery Fund Class I (a) 9,832 405,063 
TOTAL EQUITY FUNDS   
(Cost $3,386,332)  4,120,214 
Fixed-Income Funds - 39.0%   
High Yield Fixed-Income Funds - 2.7%   
Fidelity Capital & Income Fund (a) 14,529 146,602 
Fidelity Strategic Income Fund (a) 13,425 146,602 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  293,204 
Investment Grade Fixed-Income Funds - 36.3%   
Fidelity Government Income Fund (a) 77,028 789,539 
Fidelity Strategic Real Return Fund (a) 89,925 789,539 
Fidelity Total Bond Fund (a) 222,099 2,365,354 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  3,944,432 
TOTAL FIXED-INCOME FUNDS   
(Cost $4,242,664)  4,237,636 
Short-Term Funds - 23.0%   
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% (a)(b) 1,250,864 1,250,864 
Fidelity Short-Term Bond Fund (a) 145,142 1,251,128 
TOTAL SHORT-TERM FUNDS   
(Cost $2,497,496)  2,501,992 
TOTAL INVESTMENT PORTFOLIO - 100.0%   
(Cost $10,126,492)  10,859,842 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (513) 
NET ASSETS - 100%  $10,859,329 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Value, end of period 
Fidelity Advisor International Discovery Fund Class I $341,529 $152,504 $122,541 $6,351 $405,063 
Fidelity Advisor Mid Cap II Fund Class I 420,215 197,734 133,047 2,266 520,185 
Fidelity Blue Chip Growth Fund 390,917 177,168 144,137 909 483,265 
Fidelity Capital & Income Fund 125,562 53,080 40,849 4,421 146,602 
Fidelity Equity-Income Fund 601,025 266,405 181,005 11,835 742,812 
Fidelity Government Income Fund 593,491 324,454 101,596 8,866 789,539 
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% 903,211 505,024 157,370 3,434 1,250,864 
Fidelity Large Cap Stock Fund 450,350 191,325 148,303 4,700 557,109 
Fidelity Series 100 Index Fund 390,917 164,077 115,544 10,091 483,265 
Fidelity Series Broad Market Opportunities Fund 690,592 284,971 227,321 3,888 854,671 
Fidelity Series Small Cap Opportunities Fund 60,270 27,287 21,565 322 73,844 
Fidelity Short-Term Bond Fund 903,211 510,332 158,433 9,126 1,251,128 
Fidelity Strategic Income Fund 125,562 53,074 34,269 3,574 146,602 
Fidelity Strategic Real Return Fund 593,491 303,601 105,807 12,769 789,539 
Fidelity Total Bond Fund 1,780,471 923,372 307,558 44,134 2,365,354 
Total $8,370,814 $4,134,408 $1,999,345 $126,686 $10,859,842 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At April 30, 2017, the cost of investment securities for income tax purposes was $10,167,407. Net unrealized appreciation aggregated $692,435, of which $747,784 related to appreciated investment securities and $55,349 related to depreciated investment securities.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity Simplicity RMD 2005 Fund℠ (formerly Fidelity Income Replacement 2028 Fund℠)

April 30, 2017







RW28-QTLY-0617
1.858592.109





Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Equity Funds - 43.0%   
 Shares Value 
Domestic Equity Funds - 38.3%   
Fidelity Advisor Mid Cap II Fund Class I (a) 61,655 $1,252,827 
Fidelity Blue Chip Growth Fund (a) 14,962 1,164,008 
Fidelity Equity-Income Fund (a) 30,434 1,790,421 
Fidelity Large Cap Stock Fund (a) 43,565 1,343,985 
Fidelity Series 100 Index Fund (a) 74,760 1,164,008 
Fidelity Series Broad Market Opportunities Fund (a) 119,652 2,059,218 
Fidelity Series Small Cap Opportunities Fund (a) 12,533 179,977 
TOTAL DOMESTIC EQUITY FUNDS  8,954,444 
International Equity Funds - 4.7%   
Fidelity Advisor International Discovery Fund Class I (a) 26,437 1,089,212 
TOTAL EQUITY FUNDS   
(Cost $7,876,192)  10,043,656 
Fixed-Income Funds - 37.5%   
High Yield Fixed-Income Funds - 3.5%   
Fidelity Capital & Income Fund (a) 40,076 404,364 
Fidelity Strategic Income Fund (a) 37,030 404,364 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  808,728 
Investment Grade Fixed-Income Funds - 34.0%   
Fidelity Government Income Fund (a) 155,292 1,591,745 
Fidelity Strategic Real Return Fund (a) 181,292 1,591,745 
Fidelity Total Bond Fund (a) 447,940 4,770,558 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  7,954,048 
TOTAL FIXED-INCOME FUNDS   
(Cost $8,765,521)  8,762,776 
Short-Term Funds - 19.5%   
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% (a)(b) 2,283,605 2,283,605 
Fidelity Short-Term Bond Fund (a) 264,919 2,283,605 
TOTAL SHORT-TERM FUNDS   
(Cost $4,551,965)  4,567,210 
TOTAL INVESTMENT PORTFOLIO - 100.0%   
(Cost $21,193,678)  23,373,642 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (435) 
NET ASSETS - 100%  $23,373,207 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Value, end of period 
Fidelity Advisor International Discovery Fund Class I $1,470,389 $102,288 $561,233 $21,033 $1,089,212 
Fidelity Advisor Mid Cap II Fund Class I 1,629,829 123,745 590,865 6,758 1,252,827 
Fidelity Blue Chip Growth Fund 1,514,678 101,885 592,129 3,042 1,164,008 
Fidelity Capital & Income Fund 543,276 22,730 189,337 14,857 404,364 
Fidelity Equity-Income Fund 2,329,592 117,872 817,547 36,446 1,790,421 
Fidelity Government Income Fund 1,966,423 227,538 521,828 21,908 1,591,745 
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% 2,742,954 287,443 746,792 7,489 2,283,605 
Fidelity Large Cap Stock Fund 1,747,932 62,315 650,031 13,982 1,343,985 
Fidelity Series 100 Index Fund 1,514,678 57,413 519,055 29,963 1,164,008 
Fidelity Series Broad Market Opportunities Fund 2,680,950 84,681 982,227 11,579 2,059,218 
Fidelity Series Small Cap Opportunities Fund 233,254 12,156 87,118 1,069 179,977 
Fidelity Short-Term Bond Fund 2,742,954 301,698 748,348 20,590 2,283,605 
Fidelity Strategic Income Fund 543,276 25,678 169,887 12,004 404,364 
Fidelity Strategic Real Return Fund 1,966,424 168,327 533,603 32,514 1,591,745 
Fidelity Total Bond Fund 5,899,267 567,265 1,588,100 110,713 4,770,558 
Total $29,525,876 $2,263,034 $9,298,100 $343,947 $23,373,642 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At April 30, 2017, the cost of investment securities for income tax purposes was $21,255,605. Net unrealized appreciation aggregated $2,118,037, of which $2,232,188 related to appreciated investment securities and $114,151 related to depreciated investment securities.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity Managed Retirement Income Fund℠ (formerly Fidelity Income Replacement 2022 Fund℠)

April 30, 2017







RW22-QTLY-0617
1.858586.109





Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Equity Funds - 23.1%   
 Shares Value 
Domestic Equity Funds - 21.8%   
Fidelity Advisor Mid Cap II Fund Class I (a) 18,486 $375,640 
Fidelity Blue Chip Growth Fund (a) 4,496 349,776 
Fidelity Equity-Income Fund (a) 9,128 536,980 
Fidelity Large Cap Stock Fund (a) 13,055 402,735 
Fidelity Series 100 Index Fund (a) 22,465 349,776 
Fidelity Series Broad Market Opportunities Fund (a) 35,925 618,266 
Fidelity Series Small Cap Opportunities Fund (a) 3,774 54,191 
TOTAL DOMESTIC EQUITY FUNDS  2,687,364 
International Equity Funds - 1.3%   
Fidelity Advisor International Discovery Fund Class I (a) 3,946 162,572 
TOTAL EQUITY FUNDS   
(Cost $2,083,821)  2,849,936 
Fixed-Income Funds - 41.8%   
Investment Grade Fixed-Income Funds - 41.8%   
Fidelity Government Income Fund (a) 100,331 1,028,390 
Fidelity Strategic Real Return Fund (a) 117,129 1,028,390 
Fidelity Total Bond Fund (a) 289,803 3,086,399 
TOTAL FIXED-INCOME FUNDS   
(Cost $5,200,755)  5,143,179 
Short-Term Funds - 35.1%   
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% (a)(b) 2,161,467 2,161,467 
Fidelity Short-Term Bond Fund (a) 250,750 2,161,466 
TOTAL SHORT-TERM FUNDS   
(Cost $4,312,583)  4,322,933 
TOTAL INVESTMENT PORTFOLIO - 100.0%   
(Cost $11,597,159)  12,316,048 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (253) 
NET ASSETS - 100%  $12,315,795 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Value, end of period 
Fidelity Advisor International Discovery Fund Class I $300,747 $21,379 $171,830 $4,361 $162,572 
Fidelity Advisor Mid Cap II Fund Class I 469,055 48,304 169,647 1,987 375,640 
Fidelity Blue Chip Growth Fund 435,945 39,832 168,604 906 349,776 
Fidelity Equity-Income Fund 670,473 53,733 236,090 10,796 536,980 
Fidelity Government Income Fund 1,154,703 145,747 222,343 13,931 1,028,390 
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% 2,185,245 398,457 422,236 6,624 2,161,467 
Fidelity Large Cap Stock Fund 502,165 33,417 188,491 4,111 402,735 
Fidelity Series 100 Index Fund 435,945 29,160 149,296 8,675 349,776 
Fidelity Series Broad Market Opportunities Fund 771,182 45,510 282,099 3,408 618,266 
Fidelity Series Small Cap Opportunities Fund 67,599 6,158 26,227 316 54,191 
Fidelity Short-Term Bond Fund 2,185,245 448,354 461,981 17,988 2,161,466 
Fidelity Strategic Real Return Fund 1,154,703 111,231 232,687 20,558 1,028,390 
Fidelity Total Bond Fund 3,462,729 378,772 689,543 70,214 3,086,399 
Total $13,795,736 $1,760,054 $3,421,074 $163,875 $12,316,048 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At April 30, 2017, the cost of investment securities for income tax purposes was $11,626,728. Net unrealized appreciation aggregated $689,320, of which $778,407 related to appreciated investment securities and $89,087 related to depreciated investment securities.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity Simplicity RMD 2010 Fund℠ (formerly Fidelity Income Replacement 2032 Fund℠)

April 30, 2017







RW32-QTLY-0617
1.858596.109





Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Equity Funds - 49.1%   
 Shares Value 
Domestic Equity Funds - 42.8%   
Fidelity Advisor Mid Cap II Fund Class I (a) 21,362 $434,074 
Fidelity Blue Chip Growth Fund (a) 5,179 402,914 
Fidelity Equity-Income Fund (a) 10,532 619,589 
Fidelity Large Cap Stock Fund (a) 15,057 464,510 
Fidelity Series 100 Index Fund (a) 25,878 402,914 
Fidelity Series Broad Market Opportunities Fund (a) 41,391 712,346 
Fidelity Series Small Cap Opportunities Fund (a) 4,340 62,321 
TOTAL DOMESTIC EQUITY FUNDS  3,098,668 
International Equity Funds - 6.3%   
Fidelity Advisor International Discovery Fund Class I (a) 11,081 456,539 
TOTAL EQUITY FUNDS   
(Cost $2,543,889)  3,555,207 
Fixed-Income Funds - 35.1%   
High Yield Fixed-Income Funds - 4.3%   
Fidelity Capital & Income Fund (a) 15,657 157,977 
Fidelity Strategic Income Fund (a) 14,467 157,977 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  315,954 
Investment Grade Fixed-Income Funds - 30.8%   
Fidelity Government Income Fund (a) 43,480 445,669 
Fidelity Strategic Real Return Fund (a) 50,760 445,669 
Fidelity Total Bond Fund (a) 125,609 1,337,731 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  2,229,069 
TOTAL FIXED-INCOME FUNDS   
(Cost $2,568,814)  2,545,023 
Short-Term Funds - 15.8%   
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% (a)(b) 573,210 573,210 
Fidelity Short-Term Bond Fund (a) 66,498 573,210 
TOTAL SHORT-TERM FUNDS   
(Cost $1,142,408)  1,146,420 
TOTAL INVESTMENT PORTFOLIO - 100.0%   
(Cost $6,255,111)  7,246,650 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (200) 
NET ASSETS - 100%  $7,246,450 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Value, end of period 
Fidelity Advisor International Discovery Fund Class I $486,247 $50,146 $114,305 $7,793 $456,539 
Fidelity Advisor Mid Cap II Fund Class I 447,141 49,949 92,807 2,070 434,074 
Fidelity Blue Chip Growth Fund 415,413 40,304 100,286 893 402,914 
Fidelity Capital & Income Fund 166,018 12,388 30,142 5,093 157,977 
Fidelity Equity-Income Fund 638,983 59,746 129,604 11,052 619,589 
Fidelity Government Income Fund 447,879 72,796 55,940 5,541 445,669 
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% 564,460 84,157 75,407 1,728 573,210 
Fidelity Large Cap Stock Fund 478,869 33,858 105,348 4,348 464,510 
Fidelity Series 100 Index Fund 415,413 28,778 77,795 9,180 402,914 
Fidelity Series Broad Market Opportunities Fund 734,905 42,099 154,601 3,551 712,346 
Fidelity Series Small Cap Opportunities Fund 64,193 6,206 15,013 314 62,321 
Fidelity Short-Term Bond Fund 564,460 86,360 75,011 4,687 573,210 
Fidelity Strategic Income Fund 166,018 14,422 24,576 4,116 157,977 
Fidelity Strategic Real Return Fund 447,879 58,622 59,067 8,165 445,669 
Fidelity Total Bond Fund 1,340,683 195,063 173,390 27,840 1,337,731 
Total $7,378,561 $834,894 $1,283,292 $96,371 $7,246,650 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At April 30, 2017, the cost of investment securities for income tax purposes was $6,271,232. Net unrealized appreciation aggregated $975,418, of which $1,031,823 related to appreciated investment securities and $56,405 related to depreciated investment securities.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity Managed Retirement 2025 Fund℠ (formerly Fidelity Income Replacement 2042 Fund℠)

April 30, 2017







RW42-QTLY-0617
1.867278.109





Investments April 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Equity Funds - 58.0%   
 Shares Value 
Domestic Equity Funds - 47.6%   
Fidelity Advisor Mid Cap II Fund Class I (a) 89,499 $1,818,621 
Fidelity Blue Chip Growth Fund (a) 21,693 1,687,745 
Fidelity Equity-Income Fund (a) 44,122 2,595,692 
Fidelity Large Cap Stock Fund (a) 63,104 1,946,769 
Fidelity Series 100 Index Fund (a) 108,397 1,687,745 
Fidelity Series Broad Market Opportunities Fund (a) 173,480 2,985,591 
Fidelity Series Small Cap Opportunities Fund (a) 18,038 259,024 
TOTAL DOMESTIC EQUITY FUNDS  12,981,187 
International Equity Funds - 10.4%   
Fidelity Advisor International Discovery Fund Class I (a) 68,429 2,819,271 
TOTAL EQUITY FUNDS   
(Cost $11,807,118)  15,800,458 
Fixed-Income Funds - 32.4%   
High Yield Fixed-Income Funds - 5.7%   
Fidelity Capital & Income Fund (a) 77,014 777,071 
Fidelity Strategic Income Fund (a) 71,160 777,071 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  1,554,142 
Investment Grade Fixed-Income Funds - 26.7%   
Fidelity Government Income Fund (a) 142,313 1,458,713 
Fidelity Strategic Real Return Fund (a) 166,141 1,458,714 
Fidelity Total Bond Fund (a) 410,393 4,370,686 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  7,288,113 
TOTAL FIXED-INCOME FUNDS   
(Cost $8,779,310)  8,842,255 
Short-Term Funds - 9.6%   
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% (a)(b) 1,311,479 1,311,479 
Fidelity Short-Term Bond Fund (a) 152,144 1,311,479 
TOTAL SHORT-TERM FUNDS   
(Cost $2,615,987)  2,622,958 
TOTAL INVESTMENT PORTFOLIO - 100.0%   
(Cost $23,202,415)  27,265,671 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (730) 
NET ASSETS - 100%  $27,264,941 

Legend

 (a) Affiliated Fund

 (b) The rate quoted is the annualized seven-day yield of the fund at period end.


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Value, end of period 
Fidelity Advisor International Discovery Fund Class I $3,139,114 $303,103 $830,821 $49,044 $2,819,271 
Fidelity Advisor Mid Cap II Fund Class I 1,973,325 195,102 473,874 8,870 1,818,621 
Fidelity Blue Chip Growth Fund 1,832,373 152,496 494,944 3,859 1,687,745 
Fidelity Capital & Income Fund 851,585 57,976 180,907 25,576 777,071 
Fidelity Equity-Income Fund 2,819,036 253,312 688,611 47,660 2,595,692 
Fidelity Government Income Fund 1,562,216 233,932 272,185 18,656 1,458,713 
Fidelity Investments Money Market Government Portfolio Institutional Class 0.65% 1,309,677 238,234 236,432 3,967 1,311,479 
Fidelity Large Cap Stock Fund 2,114,277 134,400 544,522 18,394 1,946,769 
Fidelity Series 100 Index Fund 1,832,373 118,935 415,306 39,431 1,687,745 
Fidelity Series Broad Market Opportunities Fund 3,241,891 136,507 769,914 15,202 2,985,591 
Fidelity Series Small Cap Opportunities Fund 281,904 21,522 73,635 1,362 259,024 
Fidelity Short-Term Bond Fund 1,309,677 243,307 235,466 10,803 1,311,479 
Fidelity Strategic Income Fund 851,585 71,843 156,640 20,659 777,071 
Fidelity Strategic Real Return Fund 1,562,216 186,051 282,993 27,630 1,458,714 
Fidelity Total Bond Fund 4,683,712 619,348 847,797 94,057 4,370,686 
Total $29,364,961 $2,966,068 $6,504,047 $385,170 $27,265,671 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At April 30, 2017, the cost of investment securities for income tax purposes was $23,315,336. Net unrealized appreciation aggregated $3,950,335, of which $4,056,864 related to appreciated investment securities and $106,529 related to depreciated investment securities.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.




Item 2.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Income Funds (the Trust) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.


(a)(ii)  There was no change in the Trusts internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trusts last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trusts internal control over financial reporting.


Item 3.

Exhibits


Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Fidelity Income Fund



By:

/s/Stephanie J. Dorsey


Stephanie J. Dorsey


President and Treasurer



Date:

June 28, 2017


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



By:

/s/Stephanie J. Dorsey


Stephanie J. Dorsey


President and Treasurer



Date:

June 28, 2017



By:

/s/Howard J. Galligan III


Howard J. Galligan III


Chief Financial Officer



Date:

June 28, 2017

 






Dates Referenced Herein

This ‘N-Q’ Filing    Date    Other Filings
Filed on / Effective on:6/28/17None on these Dates
For Period End:4/30/17
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