The Fidelity Managed Retirement 2010 Fund Class K (FRQKX) is a mutual fund designed for investors who are planning to retire in or around the year 2010. This fund is managed by Fidelity Investments and aims to provide a diversified portfolio of investments to help investors reach their retirement goals. Class K shares typically have lower fees and expenses compared to other share classes, making it an attractive option for long-term investors. The fund may invest in a mix of stocks, bonds, and other assets to achieve its objectives. Overall, the Fidelity Managed Retirement 2010 Fund Class K is a suitable choice for investors looking for a retirement-focused mutual fund with a target date of 2010.