Fidelity Managed Retirement Income Fund Class K6 (FRHMX)

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Fidelity Managed Retirement Income Fund Class K6 (FRHMX) is up 3.9% 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 $1,159.

Fidelity Managed Retirement Income Fund Class K6 (FRHMX) has returned 3.92% so far this year and 10.44% over the past 12 months.

Based on dividend-adjusted daily data since Aug 1, 2019, FRHMX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +4.5%, 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 Nov 10, 2022 with a return of +2.0%, while the worst single day was Mar 12, 2020 at -2.1%.

Fidelity Managed Retirement Income Fund Class K6 has an annualized alpha of 1.62%, beta of 0.17, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since August 02, 2019.

• This fund participated in 35.79% of S&P 500 Index downside but only 25.56% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.17 may look defensive, but with R2 of 0.43 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.43 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

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

FRHMX ranks 72 for risk / return — better than 72% 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 Income Fund Class K6 (FRHMX) and compare them to S&P 500 Index.

Fidelity Managed Retirement Income Fund Class K6 provided a 3.26% dividend yield over the last twelve months, with an annual payout of $1.98 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.