FMRZX Performance — Fidelity Managed Retirement 2035 Fund, Class K
Data updated: 2026-06-26
FMRZX returned +5.00% year to date and +18.76% over one year to Apr 2026. The annualised 3-year return is +11.63%. The fund trailed its Target-Date category average: $100 invested three years ago grew to $139, against $149 for the category, and to $119 over one year, against $122. Volatility over the past three years was 8.62% a year. In the 12 months to Apr 2026 the fund lost a net $6.8M, and assets reached $14.55M.
FMRZX Growth of $100
What $100 invested in Fidelity Managed Retirement 2035 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | FMRZX | Category average |
|---|---|---|
| 1 year (May 2025 – Apr 2026) | $119 | $122 |
| 3 years (May 2023 – Apr 2026) | $139 | $149 |
| Since data start (Jan 2023 – Apr 2026) | $148 | $158 |
FMRZX Trailing Returns
Total returns to Apr 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.00% |
| 1 year | +18.76% |
| 3 years (annualised) | +11.63% |
FMRZX Annual Returns
Calendar-year total returns of Fidelity Managed Retirement 2035 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Apr) | +5.00% |
| 2025 | +15.26% |
| 2024 | +7.82% |
| 2023 | +13.47% |
FMRZX 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 | +2.1% | +2.1% | −4.2% | +5.2% | — | — | — | — | — | — | — | — |
| 2025 | +2.2% | +0.9% | −1.7% | +0.4% | +2.7% | +3.0% | +0.3% | +1.9% | +2.4% | +1.3% | +0.2% | +0.6% |
| 2024 | −0.2% | +1.7% | +2.3% | −2.9% | +3.0% | +1.1% | +2.0% | +1.7% | +1.8% | −2.5% | +2.3% | −2.6% |
| 2023 | +5.9% | −3.0% | +2.7% | +0.9% | −1.2% | +2.8% | +1.8% | −2.0% | −3.5% | −2.4% | +6.8% | +4.7% |
FMRZX Risk
Risk measures from monthly returns over May 2023 – Apr 2026.
- 3-year volatility (annualised): 8.62%
- 3-year Sharpe ratio: 0.83 (vs 4.5% risk-free rate)
- Best month: +6.78% (Nov 2023)
- Worst month: −4.25% (Mar 2026)
FMRZX Fund Flows
Monthly money in and out of Fidelity Managed Retirement 2035 Fund, from SEC Form N-PORT.
- 12-month net flow: −$6.8M
- 12-month gross sales (incl. reinvestments): $18.7M
- Sales ÷ redemptions: 0.73×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Apr 2026 | $672K | $12.4M | −$11.8M |
| Mar 2026 | $2.0M | $2.7M | −$735K |
| Feb 2026 | $374K | $244K | $130K |
| Jan 2026 | $1.3M | $1.8M | −$498K |
| Dec 2025 | $2.5M | $2.4M | $78K |
| Nov 2025 | $1.5M | $1.5M | −$18K |
| Oct 2025 | $987K | $1.7M | −$698K |
| Sep 2025 | $2.7M | $391K | $2.3M |
| Aug 2025 | $1.3M | $317K | $999K |
| Jul 2025 | $2.3M | $1.1M | $1.2M |
| Jun 2025 | $1.2M | $308K | $929K |
| May 2025 | $1.9M | $580K | $1.3M |
FMRZX Assets Under Management
Net assets of Fidelity Managed Retirement 2035 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-04-30 | $14.55M |
| 2026-01-31 | $26.49M |
| 2025-10-31 | $26.69M |
| 2025-07-31 | $22.89M |
| 2025-04-30 | $18.29M |
| 2025-01-31 | $14.90M |
| 2024-10-31 | $12.79M |
| 2024-07-31 | $10.43M |
| 2024-04-30 | $7.12M |
| 2024-01-31 | $4.02M |
| 2023-10-31 | $2.08M |
| 2023-07-31 | $1.42M |
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.