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FRIFX Fidelity® Real Estate Income

  • Fund
  • FRIFX
  • Price as of: Apr 25, 2017
  • $12.24
  • + $0.02
  • + 0.16%
  • Category
  • Real Estate

FRIFX - Profile

Vitals

  • YTD Return 3.8%
  • 3 Yr Annualized Return 7.1%
  • 5 Yr Annualized Return 8.5%
  • Net Assets $4.96 B
  • Holdings in Top 10 18.4%

52 WEEK LOW AND HIGH

$12.24
$11.60
$12.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

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

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return 8.5%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.51%
DIVIDENDS
  • Dividend Yield 0.5%
  • 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 P. Snyderman

Fund Description

The Fidelity Real Estate Income Fund (FRIFX) is a low-cost, actively managed fund investing in dividend-paying equities in the commercial real estate industry. The fund seeks to provide a higher-than-average sector income and can own REITs and preferred stocks from REITs in an attempt to increase the portfolio’s overall yield. The fund focuses its research on U.S.-domiciled real estate companies.

With its low costs and focus on dividends, FRIFX makes an ideal solution for income seekers’ core portfolios. The fund is managed by Fidelity.

FRIFX - Performance

Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.8% -15.4% 10.9% 14.92% 1
1 Yr 9.8% -40.6% 34.3% 10.04% 1
3 Yr 7.1% * -8.0% 14.3% 86.46% 5
5 Yr 8.5% * -3.4% 13.2% 62.93% 4
10 Yr 6.4% * -4.9% 7.9% 5.56% 1

* Annualized


Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 4.9% -23.9% 8.6% 5.88% 1
2015 -3.7% -21.2% 21.0% 38.30% 3
2014 5.3% -7.8% 31.5% 83.86% 5
2013 -2.8% -23.2% 27.2% 49.01% 3
2012 11.2% 0.0% 40.4% 76.17% 5

Total Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.8% -7.5% 10.9% 15.00% 1
1 Yr 9.8% -19.9% 90.7% 9.24% 1
3 Yr 7.1% * -1.7% 14.3% 76.42% 4
5 Yr 8.5% * 2.1% 13.2% 53.66% 3
10 Yr 6.4% * -0.6% 7.9% 5.56% 1

* Annualized


Total Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 8.5% -16.3% 9.4% 2.99% 1
2015 1.8% -13.5% 40.1% 71.00% 4
2014 14.7% -1.7% 82.5% 93.15% 5
2013 5.2% -28.3% 28.4% 11.62% 1
2012 27.3% 0.0% 117.5% 23.28% 2

NAV & Total Return History

FRIFX - Holdings

Filings data as of: Jan 31, 2017

Concentration Analysis

FRIFX Category Low Category High FRIFX % Rank Quintile
Net Assets 4.96 B 3.39 M 63.1 B 2.37% 1
Number of Holdings 563 5 563 0.40% 1
Net Assets in Top 10 893 M 711 K 21.6 B 6.32% 1
Weighting of Top 10 18.4% 3.7% 151.2% 33.20% 5

Top 10 Holdings

  1. MFA Financial Inc 2.54%
  2. Equity Lifestyle Properties Inc 3.30%
  3. Acadia Realty Trust 2.54%
  4. Ventas Inc 2.04%
  5. Senior Housing Properties Trust 1.24%
  6. Vereit Pfd 1.04%
  7. Apartment Investment & Management Co 1.80%
  8. Extra Space Storage Inc 1.05%
  9. Colony NorthStar Inc A 1.77%
  10. Mid-America Apartment Communities Inc 1.04%

Asset Allocation

Weighting Category Low Category High FRIFX % Rank Quintile
Bonds
39.18% 0.00% 100.66% 1.98% 1
Stocks
31.35% 1.09% 100.05% 30.04% 5
Preferred Stocks
16.66% 0.00% 49.75% 3.16% 1
Cash
8.53% -109.96% 74.22% 2.37% 1
Convertible Bonds
4.29% 0.00% 4.80% 0.79% 1
Other
0.00% -0.65% 108.20% 11.86% 4

Stock Sector Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
Real Estate
30.35% 0.00% 100.00% 31.62% 5
Communication Services
0.44% 0.00% 10.74% 13.44% 3
Financial Services
0.37% 0.00% 22.95% 2.37% 1
Utilities
0.00% 0.00% 16.80% 1.98% 4
Technology
0.00% 0.00% 6.08% 3.95% 4
Industrials
0.00% -0.44% 11.94% 3.56% 4
Healthcare
0.00% 0.00% 4.79% 6.32% 4
Energy
0.00% 0.00% 38.67% 1.98% 4
Consumer Defense
0.00% 0.00% 0.89% 1.58% 4
Consumer Cyclical
0.00% -0.68% 30.49% 20.95% 5
Basic Materials
0.00% 0.00% 34.03% 9.49% 4

Stock Geographic Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
US
30.81% 1.00% 100.05% 30.83% 5
Non US
0.54% 0.00% 50.23% 7.11% 2

Bond Sector Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
Corporate
41.12% 0.00% 51.45% 1.21% 1
Securitized
18.39% -1.47% 26.59% 0.81% 1
Cash & Equivalents
8.53% -87.66% 74.22% 2.42% 1
Derivative
0.00% -17.65% 0.10% 1.21% 4
Municipal
0.00% 0.00% 0.49% 1.61% 4
Government
0.00% 0.00% 94.28% 2.02% 4

Bond Geographic Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
US
38.45% 0.00% 97.20% 1.58% 1
Non US
0.73% 0.00% 7.87% 1.98% 1

FRIFX - Expenses

Operational Fees

FRIFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.82% 0.10% 11.43% 49.41% 1
Management Fee 0.55% 0.07% 1.20% 11.86% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

FRIFX Fees (% of AUM) Category Low Category High FRIFX Rank Quintile
Front Load N/A 2.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FRIFX Fees (% of AUM) Category Low Category High FRIFX Rank Quintile
Max Redemption Fee 0.75% 0.75% 2.00% 9.30% 1

Turnover 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 Low Category High FRIFX Rank Quintile
Turnover 26.00% 3.00% 880.00% 21.34% 2

FRIFX - Distributions

Dividend Yield Analysis

FRIFX Category Low Category High FRIFX % Rank Quintile
Dividend Yield 0.5% 0.00% 3.78% 9.21% 1

Dividend Distribution Analysis

FRIFX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FRIFX Category Low Category High FRIFX % Rank Quintile
Net Income Ratio 4.51% -0.81% 5.13% 2.37% 1

Capital Gain Distribution Analysis

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

FRIFX - Managers

Mark P. Snyderman

Manager

Start Date

Feb 04, 2003

Tenure

14.16

Tenure Rank

4.1%

Snyderman is a portfolio manager and senior investment office for Fidelity Investments since 1994. 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.


Tenure Analysis

Category Low

0.1

Category High

23.3

Category Average

7.45

Category Mode

2.3