Fidelity Managed Retirement 2030 (FMRAX)
The investment seeks total return until its horizon date through a combination of current income and capital growth. The fund invests primarily 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.
Fund Info
| ISIN | US31617L5333 |
|---|---|
| CUSIP | 31617L533 |
| Issuer | Blackrock |
| Inception Date | Aug 16, 2019 |
| Category | Target Retirement Date |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
FMRAX features an expense ratio of 0.48%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: FMRAX vs. FCTDX, FMRAX vs. FBALX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Managed Retirement 2030, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Managed Retirement 2030 had a return of 8.12% year-to-date (YTD) and 14.76% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.12% | 24.72% |
| 1 month | -1.21% | 2.30% |
| 6 months | 3.76% | 12.31% |
| 1 year | 14.76% | 32.12% |
| 5 years (annualized) | 4.09% | 13.81% |
| 10 years (annualized) | N/A | 11.31% |
Monthly Returns
The table below presents the monthly returns of FMRAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.09% | 1.46% | 2.11% | -2.90% | 2.94% | 0.99% | 2.12% | 1.53% | 1.85% | -2.43% | 8.12% | ||
| 2023 | 5.63% | -2.86% | 2.55% | 0.78% | -1.13% | 2.52% | 1.63% | -1.98% | -3.35% | -2.24% | 6.44% | 4.41% | 12.43% |
| 2022 | -3.13% | -2.04% | -0.77% | -5.57% | 0.13% | -5.45% | 4.75% | -3.22% | -7.97% | 2.14% | 6.33% | -2.79% | -17.09% |
| 2021 | -0.17% | 1.29% | 0.68% | 2.62% | 1.16% | 0.97% | 0.41% | 1.22% | -2.88% | 2.63% | -1.59% | -0.12% | 6.25% |
| 2020 | -0.57% | -3.21% | -9.01% | 6.32% | 3.18% | 2.49% | 3.61% | 3.08% | -2.03% | -1.04% | 7.55% | 1.77% | 11.60% |
| 2019 | 0.30% | 0.62% | 1.86% | 1.70% | 1.83% | 6.46% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMRAX is 51, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Managed Retirement 2030 (FMRAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Managed Retirement 2030 provided a 2.42% dividend yield over the last twelve months, with an annual payout of $0.28 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.25 | $0.29 | $0.27 | $0.12 | $0.13 |
Dividend yield | 2.42% | 2.31% | 3.00% | 2.23% | 1.05% | 1.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Managed Retirement 2030. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.13 | |
| 2023 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.15 | $0.25 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.09 | $0.01 | $0.16 | $0.29 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.11 | $0.00 | $0.15 | $0.27 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.09 | $0.12 |
| 2019 | $0.00 | $0.02 | $0.01 | $0.10 | $0.13 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Managed Retirement 2030. 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 2030 was 24.46%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current Fidelity Managed Retirement 2030 drawdown is 2.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.46% | Nov 10, 2021 | 234 | Oct 14, 2022 | — | — | — |
| -20.01% | Feb 20, 2020 | 23 | Mar 23, 2020 | 83 | Jul 21, 2020 | 106 |
| -4.41% | Sep 3, 2020 | 14 | Sep 23, 2020 | 31 | Nov 5, 2020 | 45 |
| -3.54% | Sep 7, 2021 | 20 | Oct 4, 2021 | 24 | Nov 5, 2021 | 44 |
| -3.3% | Feb 17, 2021 | 12 | Mar 4, 2021 | 29 | Apr 15, 2021 | 41 |
Volatility
Volatility Chart
The current Fidelity Managed Retirement 2030 volatility is 1.92%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.