FRIFX: Fidelity® Real Estate Income

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FRIFX Fidelity® Real Estate Income


Profile

FRIFX - Profile

Vitals

  • YTD Return -11.2%
  • 3 Yr Annualized Return -3.2%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $5.33 B
  • Holdings in Top 10 16.1%

52 WEEK LOW AND HIGH

$11.10
$8.47
$12.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return -11.2%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Fidelity® Real Estate Income Fund
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Feb 04, 2003
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Snyderman

Fund Description

The fund normally invests primarily in preferred and common stocks of REITs; debt securities of real estate entities; and commercial and other mortgage-backed securities, with an emphasis on lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). It invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. The fund invests in domestic and foreign issuers.


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Categories

Fund Company Quick Screens

FRIFX - Fund Company Quick Screens


Performance

FRIFX - Performance

Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.2% -36.4% 21.6% 21.51%
1 Yr -11.7% -54.6% 21.5% 13.20%
3 Yr -3.2%* -23.8% 10.7% 41.18%
5 Yr -0.4%* -23.4% 10.6% 28.72%
10 Yr 0.9%* -8.3% 12.8% 65.32%

* Annualized

Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
2019 11.4% -22.7% 43.1% 74.90%
2018 -6.4% -44.0% 2.2% 7.83%
2017 1.7% -16.4% 25.4% 39.61%
2016 4.9% -28.0% 12.5% 7.18%
2015 -3.7% -19.4% 2.4% 40.68%

Total Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.2% -36.4% 21.6% 21.51%
1 Yr -11.7% -54.6% 21.5% 13.20%
3 Yr -1.1%* -22.4% 10.7% 34.39%
5 Yr 2.9%* -15.5% 10.6% 20.21%
10 Yr 5.9%* -4.7% 12.8% 32.26%

* Annualized

Total Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
2019 11.4% -22.7% 43.1% 74.90%
2018 -2.8% -43.3% 2.2% 5.65%
2017 7.3% -13.6% 31.4% 20.77%
2016 10.2% -12.3% 12.5% 2.05%
2015 1.8% -15.2% 7.7% 51.98%

NAV & Total Return History


Holdings

FRIFX - Holdings

Concentration Analysis

FRIFX Category Low Category High FRIFX % Rank
Net Assets 5.33 B 930 K 57.4 B 5.81%
Number of Holdings 532 20 562 3.05%
Net Assets in Top 10 759 M -543 K 27.9 B 22.14%
Weighting of Top 10 16.14% 11.0% 79.3% 98.41%

Top 10 Holdings

  1. American Tower Corp 3.17%
  2. Equity Lifestyle Properties Inc 2.60%
  3. Apartment Investment & Management Co 2.03%
  4. Crown Castle International Corp 1.68%
  5. Mid-America Apartment Communities Inc 1.57%
  6. Equinix Inc 1.25%
  7. AGNC Investment Corp 1.02%
  8. Kennedy Wilson Inc 5.88% 1.00%
  9. Acadia Realty Trust 0.95%
  10. Lexington Realty Trust 0.87%

Asset Allocation

Weighting Return Low Return High FRIFX % Rank
Bonds
37.44% -3.82% 101.08% 4.20%
Stocks
28.02% -2.77% 103.97% 91.98%
Preferred Stocks
21.65% 0.00% 45.03% 3.44%
Cash
7.74% -104.20% 19.25% 4.96%
Convertible Bonds
5.16% 0.00% 6.83% 1.53%
Other
0.00% -10.54% 93.58% 31.30%

Stock Sector Breakdown

Weighting Return Low Return High FRIFX % Rank
Real Estate
95.26% 36.96% 100.00% 88.10%
Financial Services
3.87% 0.00% 37.05% 4.76%
Industrials
0.87% 0.00% 10.01% 5.16%
Utilities
0.00% 0.00% 5.47% 16.27%
Technology
0.00% 0.00% 14.65% 25.00%
Healthcare
0.00% 0.00% 0.43% 17.46%
Energy
0.00% 0.00% 1.48% 13.89%
Communication Services
0.00% 0.00% 3.29% 17.46%
Consumer Defense
0.00% 0.00% 0.23% 13.49%
Consumer Cyclical
0.00% 0.00% 34.25% 45.63%
Basic Materials
0.00% 0.00% 5.79% 15.08%

Stock Geographic Breakdown

Weighting Return Low Return High FRIFX % Rank
US
27.23% -2.77% 103.97% 91.98%
Non US
0.79% 0.00% 28.03% 16.03%

Bond Sector Breakdown

Weighting Return Low Return High FRIFX % Rank
Corporate
65.91% 0.00% 85.54% 8.78%
Securitized
23.28% 0.00% 81.37% 5.34%
Cash & Equivalents
10.82% 0.65% 100.00% 91.60%
Derivative
0.00% 0.00% 6.40% 16.79%
Municipal
0.00% 0.00% 10.11% 13.74%
Government
0.00% 0.00% 68.66% 14.89%

Bond Geographic Breakdown

Weighting Return Low Return High FRIFX % Rank
US
35.93% -3.82% 109.80% 4.20%
Non US
1.51% -8.72% 20.12% 1.91%

Expenses

FRIFX - Expenses

Operational Fees

FRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.07% 23.80% 90.36%
Management Fee 0.54% 0.00% 1.67% 14.89%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 88.37%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 1.54% 257.00% 10.55%

Distributions

FRIFX - Distributions

Dividend Yield Analysis

FRIFX Category Low Category High FRIFX % Rank
Dividend Yield 0.00% 0.00% 7.41% 19.47%

Dividend Distribution Analysis

FRIFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Semi-Annually Quarterly Quarterly

Net Income Ratio Analysis

FRIFX Category Low Category High FRIFX % Rank
Net Income Ratio 4.55% -2.55% 5.67% 2.71%

Capital Gain Distribution Analysis

FRIFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FRIFX - Fund Manager Analysis

Managers

Mark Snyderman


Start Date

Tenure

Tenure Rank

Feb 04, 2003

17.58

17.6%

Snyderman is a portfolio manager and senior investment office for Fidelity Investments since 1994. Since joining Fidelity Investments in 1994, Mr. Snyderman has worked as an investment officer for commercial mortgage-backed securities in the real estate group and as a portfolio manager. Before joining Fidelity, he served as a director at Aldrich, Eastman & Waltch from 1988 to 1994. Previously, Snyderman was a founder of Commercial Mortgage Corp., a commercial mortgage conduit company sponsored by First Boston and Bain & Co., from 1986 to 1988.

William Maclay


Start Date

Tenure

Tenure Rank

Mar 01, 2019

1.5

1.5%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.23 26.68 8.76 0.67