The Fidelity Managed Retirement 2025 Fund Class K (FKRFX) is a mutual fund that is designed to help investors reach their retirement goals by the year 2025. This fund is managed by Fidelity Investments, a well-known and reputable financial services company. Class K shares typically have lower fees and are available to institutional investors, making this fund a potentially attractive option for those looking to save for retirement. FKRFX may invest in a mix of stocks, bonds, and other assets to provide a balanced and diversified portfolio for investors.