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FRIFX Fidelity® Real Estate Income

  • Fund
  • FRIFX
  • Price as of: Dec 01, 2016
  • $11.75
  • - $0.08
  • - 0.68%
  • Category
  • Real Estate

FRIFX - Profile

Vitals

  • YTD Return 4.5%
  • 3 Yr Annualized Return 7.7%
  • 5 Yr Annualized Return 9.7%
  • Net Assets $4.88 B
  • Holdings in Top 10 19.4%

52 WEEK LOW AND HIGH

$11.75
$10.68
$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 8.2%
  • 3 Yr Annualized Total Return 7.7%
  • 5 Yr Annualized Total Return 9.7%
  • 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 4.5% -15.4% 9.7% 4.03% 1
1 Yr 10.3% -40.6% 34.3% 6.02% 1
3 Yr 7.7% * -8.0% 14.3% 88.13% 5
5 Yr 9.7% * 6.6% 14.6% 79.02% 4
10 Yr 6.5% * 0.5% 8.0% 5.03% 1

* Annualized


Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.7% -23.9% 2.4% 34.87% 2
2014 5.3% -3.3% 31.5% 86.28% 5
2013 -2.8% -23.2% 27.2% 49.51% 3
2012 11.2% 0.0% 40.4% 76.68% 5
2011 -1.4% -12.6% 10.2% 87.43% 5

Total Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.2% -7.5% 9.7% 1.25% 1
1 Yr 10.3% -19.9% 90.7% 6.02% 1
3 Yr 7.7% * 1.2% 14.3% 79.45% 4
5 Yr 9.7% * 6.6% 14.6% 69.27% 4
10 Yr 6.5% * 0.5% 8.0% 5.03% 1

* Annualized


Total Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 1.8% -13.5% 12.2% 67.95% 4
2014 14.7% 0.0% 82.5% 95.50% 5
2013 5.2% -28.3% 28.4% 12.38% 1
2012 27.3% 0.0% 117.5% 23.28% 2
2011 7.4% -17.1% 11881.8% 83.95% 5

NAV & Total Return History

FRIFX - Holdings

Filings data as of: Jul 31, 2016

Concentration Analysis

FRIFX Category Low Category High FRIFX % Rank Quintile
Net Assets 4.88 B 3.39 M 60.1 B 2.77% 1
Number of Holdings 546 5 546 0.40% 1
Net Assets in Top 10 937 M 711 K 20.7 B 7.11% 2
Weighting of Top 10 19.4% 3.7% 165.9% 32.81% 5

Top 10 Holdings

  1. MFA Financial Inc 2.75%
  2. Equity Lifestyle Properties Inc 3.91%
  3. Acadia Realty Trust 2.96%
  4. Ventas Inc 2.43%
  5. Mid-America Apartment Communities Inc 1.08%
  6. W.P. Carey Inc 1.19%
  7. Senior Housing Properties Trust 1.38%
  8. Vereit Pfd 1.14%
  9. Apartment Investment & Management Co 1.45%
  10. Lexington Realty Trust 1.11%

Asset Allocation

Weighting Category Low Category High FRIFX % Rank Quintile
Bonds
38.61% 0.00% 103.96% 1.98% 1
Stocks
33.58% 1.09% 100.05% 30.43% 5
Preferred Stocks
17.08% 0.00% 41.24% 3.16% 1
Cash
6.32% -109.96% 74.22% 2.37% 1
Convertible Bonds
4.42% 0.00% 5.31% 0.79% 1
Other
0.00% 0.00% 108.20% 15.81% 5

Stock Sector Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
Real Estate
32.44% 0.00% 100.00% 30.43% 5
Financial Services
0.52% 0.00% 17.94% 1.98% 1
Communication Services
0.50% 0.00% 15.32% 11.07% 3
Utilities
0.00% 0.00% 16.80% 2.37% 4
Healthcare
0.00% 0.00% 4.20% 5.93% 4
Industrials
0.00% -0.78% 11.94% 4.74% 4
Energy
0.00% 0.00% 38.67% 2.37% 4
Technology
0.00% 0.00% 5.45% 4.35% 4
Consumer Defense
0.00% 0.00% 0.89% 1.98% 4
Consumer Cyclical
0.00% 0.00% 25.74% 20.55% 5
Basic Materials
0.00% 0.00% 33.61% 9.49% 4

Stock Geographic Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
US
33.03% 1.00% 100.05% 30.83% 5
Non US
0.55% 0.00% 51.51% 7.11% 2

Bond Sector Breakdown

Weighting Category Low Category High FRIFX % Rank Quintile
Corporate
42.77% 0.00% 54.05% 0.81% 1
Securitized
17.06% -1.47% 24.91% 0.81% 1
Cash & Equivalents
6.32% -108.15% 74.22% 2.42% 1
Derivative
0.00% -17.65% 0.19% 0.81% 4
Municipal
0.00% 0.00% 0.51% 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
38.08% 0.00% 100.09% 1.58% 1
Non US
0.53% 0.00% 3.87% 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% 50.59% 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% 9.30% 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% 2.28% 880.00% 20.16% 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% -1.42% 10.00% 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

13.75

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

0.2

Category High

22.8

Category Average

7.2

Category Mode

4.8