Fidelity Managed Retirement Income Fund Class K6 (FRHMX)

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Fidelity Managed Retirement Income Fund Class K6 (FRHMX) is up 1,464,384.0% since the beginning of the year. FRHMX is currently trading at $61 per share. Investors who bought $1,000 worth of FRHMX shares 5 years ago would now be looking at an investment worth $16,343,993.

Fidelity Managed Retirement Income Fund Class K6 (FRHMX) has returned 1,464,383.96% so far this year and 1,536,763.66% over the past 12 months.

Based on dividend-adjusted daily data since Aug 1, 2019, FRHMX's average daily return is +817.15%, while the average monthly return is +16,984.30%. 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 +1,409,667.8%, while the worst month was Sep 2022 at -4.9%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FRHMX closed higher 54% of trading days. The best single day was Jun 15, 2026 with a return of +1,410,365.1%, while the worst single day was Mar 12, 2020 at -2.1%.

Fidelity Managed Retirement Income Fund Class K6 has an annualized alpha of 29692244228573198646928891101805022886969737515261271170121725795592679948414345810517572473391245918309870911051276204435313249611279172084154918176813472466734052090085082169290654166806853487746992341130456387671380345384770362849361920.00%, beta of 808.23, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 01, 2019.

• This fund captured 25.50% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -10212.90%) - 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.

FRHMX has an expense ratio of 0.25%, which is considered low.

FRHMX 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 Managed Retirement Income Fund Class K6 provided a 103.07% dividend yield over the last twelve months, with an annual payout of $62.51 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Managed Retirement Income Fund Class K6. 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 Income Fund Class K6. 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 Class K6 was 15.96%, occurring on Oct 20, 2022. Recovery took 460 trading sessions.

The chart below shows the rolling one-month volatility.