Fidelity Managed Retirement Income Fund (FIRMX)
The investment seeks high current income and, as a secondary objective, capital appreciation. The fund invests in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds in a manner that supports a withdrawal strategy to provide investors with income in retirement. The manager allocates assets according to a stable neutral asset allocation strategy.
Fund Info
US31617K5680
31617K568
Aug 30, 2007
Large-Cap
Blend
Expense Ratio
FIRMX has an expense ratio of 0.45%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
Fidelity Managed Retirement Income Fund (FIRMX) returned 3.51% year-to-date (YTD) and 7.23% over the past 12 months. Over the past 10 years, FIRMX returned 3.21% annually, underperforming the S&P 500 benchmark at 10.85%.
FIRMX
3.51%
0.72%
2.22%
7.23%
3.47%
2.80%
3.21%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of FIRMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.27% | 1.36% | -0.43% | 0.58% | 0.70% | 3.51% | |||||||
| 2024 | -0.16% | 0.11% | 1.32% | -1.96% | 1.95% | 0.85% | 1.84% | 1.29% | 1.44% | -2.00% | 1.26% | -1.61% | 4.29% |
| 2023 | 3.66% | -2.17% | 2.19% | 0.55% | -1.01% | 0.86% | 0.81% | -1.03% | -2.19% | -1.42% | 4.45% | 3.39% | 8.07% |
| 2022 | -1.82% | -1.17% | -1.36% | -3.46% | 0.34% | -3.10% | 2.72% | -2.41% | -4.93% | 0.30% | 4.19% | -1.28% | -11.66% |
| 2021 | -0.08% | -0.13% | -0.40% | 1.38% | 0.64% | 0.66% | 0.64% | 0.34% | -1.14% | 0.99% | -0.66% | 0.52% | 2.77% |
| 2020 | 0.50% | -0.49% | -3.93% | 2.73% | 1.46% | 1.42% | 2.18% | 0.90% | -0.58% | -0.44% | 3.12% | 1.57% | 8.57% |
| 2019 | 2.38% | 0.48% | 1.46% | 0.61% | 0.04% | 1.87% | 0.10% | 1.02% | -0.03% | 0.82% | 0.40% | 0.99% | 10.57% |
| 2018 | 1.02% | -1.52% | -0.03% | -0.12% | 0.37% | -0.04% | 0.45% | 0.47% | -0.33% | -2.07% | 0.52% | -0.49% | -1.80% |
| 2017 | 0.84% | 1.15% | 0.07% | 0.67% | 0.47% | 0.08% | 1.10% | 0.55% | 0.32% | 0.56% | 0.36% | 0.69% | 7.08% |
| 2016 | -1.65% | 0.00% | 2.82% | 0.89% | 0.51% | 0.51% | 1.56% | 0.26% | 0.29% | -0.78% | 0.09% | 0.66% | 5.23% |
| 2015 | -0.04% | 1.84% | -0.14% | 0.39% | 0.29% | -0.88% | 0.54% | -2.29% | -1.15% | 2.31% | -0.08% | -0.98% | -0.27% |
| 2014 | -0.48% | 2.19% | -0.05% | 2.31% | 1.22% | 1.08% | -0.93% | 1.60% | -1.27% | 1.06% | 0.78% | -0.43% | 7.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 85, FIRMX is among the top 15% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund (FIRMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
Fidelity Managed Retirement Income Fund provided a 2.95% dividend yield over the last twelve months, with an annual payout of $1.68 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.68 | $1.67 | $1.53 | $2.36 | $2.19 | $1.54 | $1.52 | $2.52 | $4.96 | $0.98 | $0.95 | $2.11 |
Dividend yield | 2.95% | 3.02% | 2.81% | 4.54% | 3.56% | 2.48% | 2.59% | 4.65% | 8.57% | 1.67% | 1.68% | 3.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Managed Retirement Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.07 | $0.07 | $0.07 | $0.14 | $0.34 | |||||||
| 2024 | $0.00 | $0.06 | $0.08 | $0.08 | $0.12 | $0.09 | $0.08 | $0.19 | $0.10 | $0.10 | $0.15 | $0.63 | $1.67 |
| 2023 | $0.00 | $0.05 | $0.04 | $0.08 | $0.10 | $0.08 | $0.08 | $0.08 | $0.08 | $0.11 | $0.09 | $0.75 | $1.53 |
| 2022 | $0.00 | $0.02 | $0.01 | $0.03 | $0.04 | $0.03 | $0.04 | $0.05 | $0.68 | $0.50 | $0.05 | $0.92 | $2.36 |
| 2021 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.45 | $0.55 | $0.02 | $1.05 | $2.19 |
| 2020 | $0.00 | $0.05 | $0.05 | $0.05 | $0.07 | $0.03 | $0.03 | $0.02 | $0.11 | $0.04 | $0.04 | $1.05 | $1.54 |
| 2019 | $0.00 | $0.07 | $0.06 | $0.07 | $0.08 | $0.08 | $0.07 | $0.07 | $0.20 | $0.10 | $0.06 | $0.65 | $1.52 |
| 2018 | $0.00 | $0.04 | $0.05 | $0.05 | $0.08 | $0.07 | $0.09 | $0.07 | $1.05 | $0.09 | $0.08 | $0.85 | $2.52 |
| 2017 | $0.04 | $0.04 | $0.06 | $0.08 | $0.00 | $0.06 | $0.06 | $0.06 | $3.63 | $0.07 | $0.05 | $0.80 | $4.96 |
| 2016 | $0.04 | $0.05 | $0.05 | $0.07 | $0.05 | $0.07 | $0.09 | $0.05 | $0.05 | $0.10 | $0.05 | $0.32 | $0.98 |
| 2015 | $0.04 | $0.04 | $0.05 | $0.08 | $0.04 | $0.06 | $0.10 | $0.05 | $0.05 | $0.11 | $0.05 | $0.29 | $0.95 |
| 2014 | $0.03 | $0.04 | $0.04 | $1.26 | $0.04 | $0.06 | $0.09 | $0.04 | $0.08 | $0.09 | $0.00 | $0.33 | $2.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Managed Retirement Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Managed Retirement Income Fund was 33.72%, occurring on Mar 9, 2009. Recovery took 404 trading sessions.
The current Fidelity Managed Retirement Income Fund drawdown is 0.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.72% | Nov 1, 2007 | 338 | Mar 9, 2009 | 404 | Oct 13, 2010 | 742 |
| -16.11% | Nov 10, 2021 | 238 | Oct 20, 2022 | 476 | Sep 12, 2024 | 714 |
| -10.3% | May 2, 2011 | 108 | Oct 3, 2011 | 98 | Feb 23, 2012 | 206 |
| -8.94% | Feb 20, 2020 | 21 | Mar 19, 2020 | 55 | Jun 8, 2020 | 76 |
| -6.62% | Apr 27, 2015 | 202 | Feb 11, 2016 | 79 | Jun 6, 2016 | 281 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...