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FRIFX Fidelity® Real Estate Income

  • Fund
  • FRIFX
  • Price as of: Sep 18, 2018
  • $11.86
  • - $0.02
  • - 0.17%
  • Category
  • Real Estate

FRIFX - Profile

Vitals

  • YTD Return -1.1%
  • 3 Yr Annualized Return 7.6%
  • 5 Yr Annualized Return 7.5%
  • Net Assets $5.35 B
  • Holdings in Top 10 17.5%

52 WEEK LOW AND HIGH

$11.86
$11.41
$12.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

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

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return 7.6%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.33%
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 -1.1% -59.9% 9.7% 71.77% 4
1 Yr 3.7% -40.6% 34.3% 77.91% 4
3 Yr 7.6% * -8.0% 14.3% 63.95% 4
5 Yr 7.5% * 2.7% 12.7% 89.00% 5
10 Yr 8.7% * 3.5% 10.0% 4.92% 1

* Annualized


Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.7% -23.9% 25.4% 34.03% 2
2016 4.9% -18.4% 21.0% 8.09% 1
2015 -3.7% -21.2% 29.1% 40.52% 3
2014 5.3% -12.1% 31.5% 81.40% 5
2013 -2.8% -23.2% 27.2% 54.46% 3

Total Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.1% -100.0% 9.7% 73.75% 4
1 Yr 3.7% -19.9% 90.7% 59.84% 3
3 Yr 7.6% * -0.6% 14.3% 52.79% 3
5 Yr 7.5% * 2.7% 12.7% 87.08% 5
10 Yr 8.7% * 3.3% 10.0% 4.92% 1

* Annualized


Total Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.7% -16.4% 25.4% 39.32% 2
2016 8.5% -16.3% 40.1% 6.49% 1
2015 1.8% -13.5% 41.9% 74.56% 4
2014 14.7% -2.7% 82.5% 89.57% 5
2013 5.2% -28.3% 30.3% 16.67% 1

NAV & Total Return History

FRIFX - Holdings

Filings data as of: Apr 30, 2018

Concentration Analysis

FRIFX Category Low Category High FRIFX % Rank Quintile
Net Assets 5.35 B 3.39 M 62 B 1.98% 1
Number of Holdings 541 5 711 1.19% 1
Net Assets in Top 10 866 M 711 K 24.6 B 7.91% 1
Weighting of Top 10 17.5% 3.7% 151.2% 37.15% 5

Top 10 Holdings

  1. MFA Financial Inc 2.06%
  2. Equity Lifestyle Properties Inc 3.02%
  3. Acadia Realty Trust 2.08%
  4. Ventas Inc 2.02%
  5. Apartment Investment & Management Co 2.20%
  6. Mid-America Apartment Communities Inc 1.48%
  7. American Tower Corp 1.57%
  8. Equinix Inc 1.06%
  9. Colony Northstar 1.03%
  10. Sabra Health Care REIT Inc 1.00%

Asset Allocation

Weighting Category Low Category High FRIFX % Rank Quintile
Bonds
38.38% 0.00% 105.31% 2.77% 1
Stocks
32.06% 1.09% 100.87% 32.02% 5
Preferred Stocks
18.52% 0.00% 46.26% 3.16% 1
Cash
6.89% -109.96% 74.22% 3.16% 1
Convertible Bonds
4.15% 0.00% 5.70% 1.19% 1
Other
0.00% -0.44% 108.20% 7.51% 4

Stock Sector Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
Real Estate
27.28% 0.00% 100.00% 34.39% 5
Communication Services
1.57% 0.00% 13.23% 11.46% 2
Financial Services
1.08% 0.00% 24.01% 2.37% 1
Consumer Cyclical
0.44% 0.00% 35.56% 21.34% 4
Utilities
0.00% 0.00% 16.80% 1.58% 4
Technology
0.00% 0.00% 7.14% 6.72% 4
Industrials
0.00% -0.01% 11.94% 7.91% 4
Healthcare
0.00% 0.00% 5.05% 3.95% 4
Energy
0.00% 0.00% 38.67% 1.98% 4
Consumer Defense
0.00% 0.00% 0.89% 1.58% 4
Basic Materials
0.00% -0.04% 44.69% 13.44% 4

Stock Geographic Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
US
31.44% 1.00% 100.44% 33.99% 5
Non US
0.62% 0.00% 46.36% 9.88% 2

Bond Sector Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
Corporate
40.71% 0.00% 52.75% 1.61% 1
Securitized
19.99% -1.47% 28.12% 1.21% 1
Cash & Equivalents
6.89% -107.00% 74.22% 2.82% 1
Derivative
0.00% -17.65% 0.99% 0.81% 4
Municipal
0.00% 0.00% 0.19% 1.21% 4
Government
0.00% 0.00% 94.28% 2.82% 4

Bond Geographic Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
US
37.43% 0.00% 118.87% 2.77% 1
Non US
0.95% -13.56% 3.46% 1.98% 1

FRIFX - Expenses

Operational Fees

FRIFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.78% 0.07% 11.43% 53.75% 1
Management Fee 0.55% 0.00% 1.20% 12.25% 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 22.00% 0.00% 1060.00% 25.69% 1

FRIFX - Distributions

Dividend Yield Analysis

FRIFX Category Low Category High FRIFX % Rank Quintile
Dividend Yield 0.5% 0.00% 3.78% 10.04% 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 4.33% -0.66% 4.97% 1.58% 1

Capital Gain Distribution Analysis

FRIFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Quarterly Annually

FRIFX - Managers

Mark P. Snyderman

Manager

Start Date

Feb 04, 2003

Tenure

15.58

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

0.0

Category High

24.7

Category Average

7.8

Category Mode

3.7