FIKPX Performance — Fidelity Government Income Fund, Class Z
Data updated: 2026-07-24
FIKPX returned +0.48% year to date and +4.51% over one year to May 2026. Annualised returns are +3.16% over 3 years and −0.23% over 5 years. The fund trailed its Intermediate Government Bond category average: $100 invested three years ago grew to $110, against $112 for the category, and to $105 over one year, against $105. Volatility over the past three years was 5.45% a year. In the 12 months to May 2026 the fund lost a net $384.2M, and assets reached $1.39B.
FIKPX Growth of $100
What $100 invested in Fidelity Government Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Government Bond category average over the same months.
| Period | FIKPX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $105 | $105 |
| 3 years (Jun 2023 – May 2026) | $110 | $112 |
| 5 years (Jun 2021 – May 2026) | $99 | $104 |
| Since data start (Sep 2019 – May 2026) | $102 | $111 |
FIKPX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.48% |
| 1 year | +4.51% |
| 3 years (annualised) | +3.16% |
| 5 years (annualised) | −0.23% |
FIKPX Annual Returns
Calendar-year total returns of Fidelity Government Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.48% |
| 2025 | +6.64% |
| 2024 | +0.73% |
| 2023 | +4.19% |
| 2022 | −12.66% |
| 2021 | −2.00% |
| 2020 | +6.88% |
| 2019 (Sep–Dec) | −1.22% |
FIKPX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.2% | +1.8% | −1.6% | 0.0% | +0.2% | — | — | — | — | — | — | — |
| 2025 | +0.6% | +2.3% | +0.2% | +0.5% | −1.0% | +1.4% | −0.4% | +1.1% | +1.1% | +0.6% | +0.6% | −0.4% |
| 2024 | −0.1% | −1.5% | +0.7% | −2.5% | +1.5% | +1.2% | +2.2% | +1.5% | +1.1% | −2.6% | +0.9% | −1.6% |
| 2023 | +2.9% | −2.6% | +2.7% | +0.5% | −1.1% | −0.7% | −0.3% | −0.7% | −2.6% | −1.6% | +4.2% | +3.6% |
| 2022 | −1.7% | −0.7% | −3.1% | −3.3% | +0.5% | −1.2% | +2.1% | −2.8% | −4.0% | −1.6% | +3.2% | −0.7% |
| 2021 | −0.6% | −1.5% | −1.3% | +0.7% | +0.1% | +0.7% | +1.1% | −0.2% | −0.9% | −0.1% | +0.5% | −0.5% |
| 2020 | +2.2% | +2.1% | +2.5% | +0.5% | −0.2% | +0.1% | +0.9% | −0.9% | +0.1% | −0.7% | +0.2% | −0.1% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | +0.1% | −0.2% | −0.5% |
FIKPX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.45%
- 3-year Sharpe ratio: -0.25 (vs 4.5% risk-free rate)
- Best month: +4.17% (Nov 2023)
- Worst month: −2.64% (Sep 2023)
FIKPX Fund Flows
Monthly money in and out of Fidelity Government Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$384.2M
- 12-month gross sales (incl. reinvestments): $369.3M
- Sales ÷ redemptions: 0.49×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $23.7M | $33.3M | −$9.6M |
| Apr 2026 | $21.9M | $43.6M | −$21.7M |
| Mar 2026 | $38.9M | $118.5M | −$79.6M |
| Feb 2026 | $25.7M | $38.3M | −$12.6M |
| Jan 2026 | $24.3M | $48.9M | −$24.6M |
| Dec 2025 | $25.2M | $84.0M | −$58.8M |
| Nov 2025 | $49.2M | $66.2M | −$17.0M |
| Oct 2025 | $31.1M | $64.5M | −$33.4M |
| Sep 2025 | $35.9M | $79.1M | −$43.2M |
| Aug 2025 | $32.3M | $69.1M | −$36.8M |
| Jul 2025 | $30.5M | $50.1M | −$19.7M |
| Jun 2025 | $30.6M | $58.0M | −$27.4M |
FIKPX Assets Under Management
Net assets of Fidelity Government Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.39B |
| 2026-02-28 | $1.54B |
| 2025-11-30 | $1.63B |
| 2025-08-31 | $1.70B |
| 2025-05-31 | $1.76B |
| 2025-02-28 | $1.91B |
| 2024-11-30 | $1.96B |
| 2024-08-31 | $2.32B |
| 2024-05-31 | $2.41B |
| 2024-02-29 | $2.64B |
| 2023-11-30 | $3.41B |
| 2023-08-31 | $3.66B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.