Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX)

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Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) is up 1,644,791.4% since the beginning of the year. FRAMX is currently trading at $60 per share. Investors who bought $1,000 worth of FRAMX shares 5 years ago would now be looking at an investment worth $18,000,403.

Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) has returned 1,644,791.35% so far this year and 1,734,538.09% over the past 12 months. Looking at the last ten years, FRAMX has achieved an annualized return of 173.41%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.

Based on dividend-adjusted daily data since Aug 30, 2007, FRAMX's average daily return is +336.04%, while the average monthly return is +6,988.70%. At this rate, an investment would double in approximately 0.0 years.

Historically, 65% of months were positive and 35% were negative. The best month was Jun 2026 with a return of +1,586,358.4%, while the worst month was Oct 2008 at -11.4%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FRAMX closed higher 54% of trading days. The best single day was Jun 15, 2026 with a return of +1,589,373.7%, while the worst single day was Oct 15, 2008 at -4.8%.

Fidelity Advisor Managed Retirement Income Fund Class A has an annualized alpha of 2680319928433074183710074447090634948411253522383172091486052994612723250836494793363891203476348996243848645145126096874911127198031671115499544475551553028096.00%, beta of 344.47, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 30, 2007.

• This fund captured 35.37% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -655.80%) - a profile typical of hedging or uncorrelated assets.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FRAMX has an expense ratio of 0.70%, placing it in the medium range.

FRAMX ranks 84 for risk / return — in the top 84% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Fidelity Advisor Managed Retirement Income Fund Class A provided a 102.97% dividend yield over the last twelve months, with an annual payout of $62.19 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Advisor Managed Retirement Income Fund Class A. 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 Advisor Managed Retirement Income Fund Class A. 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 Advisor Managed Retirement Income Fund Class A was 33.94%, occurring on Mar 9, 2009. Recovery took 418 trading sessions.

The chart below shows the rolling one-month volatility.