Fidelity Managed Retirement 2020 Fund Class K (FKRVX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Managed Retirement 2020 Fund Class K, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity Managed Retirement 2020 Fund Class K (FKRVX) has returned -1.03% so far this year and 9.16% over the past 12 months.

Based on dividend-adjusted daily data since Aug 1, 2019, FKRVX's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, your investment would double in approximately 12.6 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +6.1%, while the worst month was Mar 2020 at -7.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FKRVX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +3.1%, while the worst single day was Mar 12, 2020 at -4.3%.

Fidelity Managed Retirement 2020 Fund Class K has an annualized alpha of 0.91%, beta of 0.34, and R² of 0.74 versus S&P 500 Index. Calculated based on daily prices since August 02, 2019.

• This fund participated in 54.90% of S&P 500 Index downside but only 41.93% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.34 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

FKRVX has an expense ratio of 0.37%, placing it in the medium range.

FKRVX ranks 77 for risk / return — better than 77% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Fidelity Managed Retirement 2020 Fund Class K (FKRVX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Managed Retirement 2020 Fund Class K provided a 2.96% dividend yield over the last twelve months, with an annual payout of $1.69 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Managed Retirement 2020 Fund Class K. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity Managed Retirement 2020 Fund Class K. 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 2020 Fund Class K was 20.02%, occurring on Oct 14, 2022. Recovery took 464 trading sessions.

The current Fidelity Managed Retirement 2020 Fund Class K drawdown is 4.30%.

The chart below shows the rolling one-month volatility.