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FRIFX Fidelity® Real Estate Income

  • Fund
  • FRIFX
  • Price as of: Aug 08, 2016
  • $12.27
  • - $0.00
  • - 0.00%
  • Category
  • Real Estate

FRIFX - Profile

Vitals

  • YTD Return 9.2%
  • 3 Yr Annualized Return 8.3%
  • 5 Yr Annualized Return 9.4%
  • Net Assets $4.85 B
  • Holdings in Top 10 18.9%

52 WEEK LOW AND HIGH

$12.27
$10.68
$12.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.83%

SALES FEES

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

BROKERAGE FEES

  • Turnover 19.00%

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 9.2%
  • 3 Yr Annualized Total Return 8.3%
  • 5 Yr Annualized Total Return 9.4%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.61%
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 9.2% -8.5% 15.8% 69.11% 4
1 Yr 11.3% -14.6% 34.3% 86.56% 5
3 Yr 8.3% * 5.6% 17.0% 93.95% 5
5 Yr 9.4% * 6.1% 14.1% 91.33% 5
10 Yr 7.1% * 2.7% 10.5% 38.67% 2

* Annualized


Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.7% -23.9% 92.3% 43.86% 3
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.2% -8.5% 15.8% 72.03% 4
1 Yr 11.3% -19.4% 29.3% 83.00% 5
3 Yr 8.3% * 5.6% 17.0% 93.02% 5
5 Yr 9.4% * 6.1% 14.1% 90.31% 5
10 Yr 7.1% * 2.7% 10.5% 35.36% 2

* Annualized


Total Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.7% -23.9% 92.3% 43.86% 3
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

FRIFX - Holdings

Filings data as of: Apr 30, 2016

Concentration Analysis

FRIFX Category Low Category High FRIFX % Rank Quintile
Net Assets 4.85 B 3.39 M 67.3 B 3.16% 1
Number of Holdings 530 5 530 0.40% 1
Net Assets in Top 10 816 M 711 K 22.5 B 7.91% 2
Weighting of Top 10 18.9% 3.7% 179.8% 32.81% 5

Top 10 Holdings

  1. MFA Financial Inc 2.87%
  2. Equity Lifestyle Properties Inc 3.92%
  3. Acadia Realty Trust 2.98%
  4. Ventas Inc 2.19%
  5. Mid-America Apartment Communities Inc 1.08%
  6. W.P. Carey Inc 1.24%
  7. Senior Housing Properties Trust 1.22%
  8. Vereit Pfd 1.21%
  9. Apartment Investment & Management Co 1.06%
  10. Lexington Realty Trust 1.09%

Asset Allocation

Weighting Category Low Category High FRIFX % Rank Quintile
Bonds
37.52% 0.00% 118.13% 1.98% 1
Stocks
32.46% 1.09% 108.08% 30.43% 5
Preferred Stocks
17.75% 0.00% 41.93% 3.16% 1
Cash
7.75% -121.66% 74.22% 2.37% 1
Convertible Bonds
4.52% 0.00% 4.96% 0.79% 1
Other
0.00% -8.28% 108.20% 13.44% 4

Stock Sector Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
Real Estate
31.12% 0.00% 100.26% 30.83% 5
Communication Services
0.50% 0.00% 9.58% 10.67% 2
Financial Services
0.45% 0.00% 13.39% 2.77% 1
Basic Materials
0.26% -0.07% 10.11% 9.09% 2
Healthcare
0.00% 0.00% 3.63% 5.53% 4
Industrials
0.00% -0.72% 11.94% 4.74% 4
Energy
0.00% 0.00% 38.67% 2.37% 4
Technology
0.00% 0.00% 5.40% 3.56% 4
Consumer Defense
0.00% 0.00% 0.89% 1.98% 4
Consumer Cyclical
0.00% 0.00% 31.19% 19.37% 5
Utilities
0.00% 0.00% 16.80% 1.98% 4

Stock Geographic Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
US
31.94% 1.00% 107.43% 30.43% 5
Non US
0.52% 0.00% 43.95% 6.72% 2

Bond Sector Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
Corporate
42.18% -0.01% 51.05% 0.83% 1
Securitized
17.28% -1.47% 24.53% 0.83% 1
Cash & Equivalents
7.74% -108.26% 74.22% 2.48% 1
Derivative
0.00% -17.65% 0.46% 0.83% 4
Municipal
0.00% 0.00% 0.50% 1.65% 4
Government
0.00% 0.00% 108.93% 1.65% 4

Bond Geographic Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
US
37.07% 0.00% 114.46% 1.98% 1
Non US
0.45% 0.00% 3.67% 1.98% 1

FRIFX - Expenses

Operational Fees

FRIFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.83% 0.10% 11.43% 49.80% 1
Management Fee 0.55% 0.07% 1.31% 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 3.50% 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% 9.52% 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 19.00% 2.28% 880.00% 20.95% 1

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 4.61% -1.42% 10.00% 1.98% 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

13.5

Tenure Rank

3.9%

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

22.6

Category Average

7.02

Category Mode

1.6