Fidelity Strategic Real Return Fund Class K6 (FSRKX)

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Fidelity Strategic Real Return Fund Class K6 (FSRKX) is up 8.7% since the beginning of the year. FSRKX is currently trading at $10 per share. Investors who bought $1,000 worth of FSRKX shares 5 years ago would now be looking at an investment worth $1,366.

Fidelity Strategic Real Return Fund Class K6 (FSRKX) has returned 8.69% so far this year and 16.43% over the past 12 months.

Based on dividend-adjusted daily data since Oct 11, 2019, FSRKX's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.

Historically, 67% of months were positive and 33% were negative. The best month was Jul 2022 with a return of +4.4%, while the worst month was Mar 2020 at -11.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FSRKX closed higher 51% of trading days. The best single day was Mar 26, 2020 with a return of +2.4%, while the worst single day was Mar 18, 2020 at -4.6%.

Fidelity Strategic Real Return Fund Class K6 has an annualized alpha of 3.15%, beta of 0.26, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since October 14, 2019.

• This fund participated in 41.40% of S&P 500 Index downside but only 35.97% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.26 may look defensive, but with R2 of 0.45 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 0.45 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

FSRKX has an expense ratio of 0.51%, placing it in the medium range.

FSRKX ranks 96 for risk / return — in the top 96% 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.

The table below present risk-adjusted performance metrics for Fidelity Strategic Real Return Fund Class K6 (FSRKX) and compare them to S&P 500 Index.

Fidelity Strategic Real Return Fund Class K6 provided a 4.26% dividend yield over the last twelve months, with an annual payout of $0.41 per share.

The table displays the monthly dividend distributions for Fidelity Strategic Real Return 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 Strategic Real Return 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 Strategic Real Return Fund Class K6 was 19.93%, occurring on Mar 23, 2020. Recovery took 165 trading sessions.

The current Fidelity Strategic Real Return Fund Class K6 drawdown is 0.82%.

The chart below shows the rolling one-month volatility.