It's difficult to draw a conclusion from such a small snippet of the report.? I can't access the full report because it is on a protected web page on the Fidelity web site.
The time period covered by the image is from Oct 31, 2021 to Oct 31, 2022, during which the stock and bond markets suffered a serious decline in value.? From what I can find elsewhere about the HP plan, it had about $6 billion in assets prior to this, so the report image shows about a 30% decline.?
By comparison, over a similar period, from 12/31/21 to 12/31/22, the IBM pension plan also had a 30% decline in valuation.? So the HP numbers don't seem out of line.? Since then, the markets have recovered most of what they lost.
