FVITX Performance — Fidelity Government Income Fund, Class M
Data updated: 2026-07-24
FVITX returned +0.21% year to date and +3.99% over one year to May 2026. Over one year the fund trailed its Intermediate Government Bond category average: $100 grew to $104, against $105 for the category. Volatility over the past 12 months was 3.22% a year. In the 12 months to May 2026 the fund lost a net $384.2M, and assets reached $1.39B.
FVITX 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 | FVITX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $104 | $105 |
| 3 years (Jun 2023 – May 2026) | $46 | $112 |
| 5 years (Jun 2021 – May 2026) | $15 | $104 |
| Since data start (Sep 2019 – May 2026) | $7 | $111 |
FVITX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.21% |
| 1 year | +3.99% |
3- and 5-year figures withheld: returns differ from sibling classes.
FVITX 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) | +0.21% |
| 2025 | −2.10% |
| 2024 | −38.53% |
| 2023 | −36.35% |
| 2022 | −46.71% |
| 2021 | −40.25% |
| 2020 | −34.71% |
| 2019 (Sep–Dec) | −16.29% |
FVITX 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 | +0.1% | +1.8% | −1.8% | −0.1% | +0.2% | — | — | — | — | — | — | — |
| 2025 | −3.6% | −1.8% | +0.1% | +0.5% | −0.9% | +1.2% | −0.4% | +1.1% | +0.9% | +0.6% | +0.6% | −0.3% |
| 2024 | −4.2% | −5.5% | −3.4% | −6.4% | −2.6% | −2.8% | −1.9% | −2.6% | −2.9% | −6.5% | −3.1% | −5.6% |
| 2023 | −1.2% | −6.5% | −1.3% | −3.6% | −5.1% | −4.7% | −4.3% | −4.7% | −6.5% | −5.7% | 0.0% | −0.5% |
| 2022 | −5.7% | −4.7% | −7.0% | −7.2% | −3.5% | −5.2% | −1.9% | −6.7% | −7.9% | −5.5% | −1.0% | −4.7% |
| 2021 | −4.6% | −5.5% | −5.3% | −3.4% | −3.9% | −3.4% | −2.9% | −4.2% | −4.9% | −4.2% | −3.5% | −4.5% |
| 2020 | −1.9% | −1.9% | −1.7% | −3.4% | −4.3% | −4.0% | −3.2% | −4.9% | −3.9% | −4.8% | −3.7% | −4.1% |
| 2019 | — | — | — | — | — | — | — | — | −4.7% | −3.9% | −4.2% | −4.6% |
FVITX Risk
Risk measures from monthly returns over Jun 2025 – May 2026.
- 1-year volatility (annualised): 3.22%
- Best month: +1.75% (Feb 2026)
- Worst month: −1.76% (Mar 2026)
FVITX 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 |
FVITX 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.