- ISIN
- US31617L6653
- Issuer
- BlackRock
- Inception Date
- Aug 1, 2019
- Category
- Target Retirement Date
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FRHMX Performance Chart
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Returns By Period
Fidelity Managed Retirement Income Fund Class K6
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 1.51%
- 6M
- 8.33%
- YTD
- 10.20%
- 1Y
- 20.34%
- 3Y*
- 18.74%
- 5Y*
- 11.59%
- 10Y*
- 13.31%
FRHMX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.16% | 1.62% | -2.45% | 2.44% | 1.12% | 1,409,667.79% | 1,464,383.96% | ||||||
| 2025 | 1.27% | 1.25% | -0.43% | 0.61% | 0.82% | 1.90% | 0.05% | 1.42% | 1.41% | 0.77% | 0.35% | 0.19% | 10.02% |
| 2024 | -0.15% | 0.12% | 1.34% | -1.94% | 1.94% | 0.87% | 1.86% | 1.30% | 1.46% | -1.96% | 1.26% | -1.57% | 4.50% |
| 2023 | 3.68% | -2.17% | 2.21% | 0.57% | -0.99% | 0.89% | 0.82% | -1.01% | -2.19% | -1.39% | 4.46% | 3.41% | 8.28% |
| 2022 | -1.81% | -1.15% | -1.34% | -3.44% | 0.35% | -3.06% | 2.74% | -2.41% | -4.90% | 0.30% | 4.22% | -1.27% | -11.48% |
| 2021 | -0.06% | -0.11% | -0.38% | 1.40% | 0.66% | 0.67% | 0.66% | 0.36% | -1.11% | 1.00% | -0.65% | 0.54% | 2.98% |
Benchmark Metrics
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.
- Alpha
- 29,692,244,228,573,196,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000.00%
- Beta
- 808.23
- R²
- 0.00
- Upside Capture
- 25.50%
- Downside Capture
- -10,212.90%
Expense Ratio
FRHMX has an expense ratio of 0.25%, which is considered low.
Return for Risk
Return / Risk — by metrics
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRHMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.25 | — |
| Martin ratioReturn relative to average drawdown | — | 9.74 | — |
Dividends
Dividend History
Fidelity Managed Retirement Income Fund Class K6 provided a 102.92% dividend yield over the last twelve months, with an annual payout of $62.42 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $62.42 | $1.89 | $1.79 | $1.65 | $2.48 | $2.33 | $1.62 | $1.14 |
Dividend yield | 102.92% | 3.22% | 3.24% | 3.02% | 4.77% | 3.78% | 2.61% | 1.95% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.07 | $0.10 | $0.09 | $0.13 | $60.65 | $61.04 | ||||||
| 2025 | $0.00 | $0.00 | $0.09 | $0.08 | $0.14 | $0.11 | $0.09 | $0.20 | $0.10 | $0.10 | $0.23 | $0.76 | $1.89 |
| 2024 | $0.00 | $0.07 | $0.09 | $0.09 | $0.13 | $0.11 | $0.09 | $0.20 | $0.11 | $0.10 | $0.16 | $0.66 | $1.79 |
| 2023 | $0.00 | $0.05 | $0.05 | $0.10 | $0.11 | $0.09 | $0.09 | $0.09 | $0.09 | $0.12 | $0.10 | $0.78 | $1.65 |
| 2022 | $0.00 | $0.02 | $0.02 | $0.04 | $0.05 | $0.04 | $0.05 | $0.06 | $0.70 | $0.51 | $0.06 | $0.94 | $2.48 |
| 2021 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.46 | $0.56 | $0.03 | $1.08 | $2.33 |
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.
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Worst Drawdowns
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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -15.96%Oct 2022 | 11mo 14d | 1y 10mo | 2y 9moNov 2021 - Aug 2024 |
COVID crash2020 | -8.92%Mar 2020 | 28d | 2mo 21d | 3mo 19dFeb 2020 - Jun 2020 |
2026 pullback2026 | -3.42%Mar 2026 | 25d | 21d | 1mo 16dMar 2026 - Apr 2026 |
2025 pullback2025 | -3.32%Jan 2025 | 3mo 15d | 3mo 16d | 7mo 1dSep 2024 - Apr 2025 |
2021 pullback2021 | -2.29%Mar 2021 | 24d | 2mo | 2mo 24dFeb 2021 - May 2021 |
Drawdown Indicators
| FRHMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -0.87% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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