FRIFX: Fidelity® Real Estate Income Fund - MutualFunds.com

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Fidelity® Real Estate Income

FRIFX - Snapshot

Vitals

  • YTD Return -9.7%
  • 3 Yr Annualized Return 2.2%
  • 5 Yr Annualized Return 5.1%
  • Net Assets $5.18 B
  • Holdings in Top 10 24.7%

52 WEEK LOW AND HIGH

$11.24
$8.47
$12.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

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

BROKERAGE FEES

  • Turnover 32.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare FRIFX to Popular Real Estate Sector Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$80.36

+0.60%

$55.16 B

3.94%

$3.14

-14.64%

0.12%

$26.32

-1.42%

$55.16 B

2.59%

$0.69

-14.68%

0.26%

$35.98

+0.67%

$8.59 B

2.40%

$0.86

-12.07%

0.20%

$19.13

-1.39%

$6.77 B

4.03%

$0.78

-14.52%

0.08%

$57.82

+0.63%

$5.60 B

3.03%

$1.74

-12.61%

0.95%

FRIFX - Profile

Distributions

  • YTD Total Return -9.7%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.12%
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.


FRIFX - Performance

Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.7% -49.4% 23.9% 25.09%
1 Yr -7.9% -42.6% 37.1% 18.44%
3 Yr 2.2%* -15.8% 15.1% 53.18%
5 Yr 5.1%* -3.2% 14.2% 36.90%
10 Yr 6.9%* 3.0% 15.4% 80.86%

* Annualized

Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
2019 11.4% -0.8% 43.1% 79.39%
2018 -6.4% -44.0% 4.9% 8.13%
2017 1.7% -16.4% 25.4% 42.15%
2016 4.9% -13.1% 340.0% 8.65%
2015 -3.7% -18.4% 7.7% 45.50%

Total Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.7% -48.2% 23.9% 23.99%
1 Yr -7.9% -42.6% 37.1% 15.60%
3 Yr 2.2%* -15.8% 15.1% 49.81%
5 Yr 5.1%* -3.5% 14.2% 34.13%
10 Yr 6.9%* 3.0% 15.4% 76.56%

* Annualized

Total Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
2019 11.4% -0.8% 43.1% 79.39%
2018 -2.8% -43.3% 4.9% 4.88%
2017 7.3% -13.6% 31.4% 21.08%
2016 10.2% -12.3% 13.4% 3.37%
2015 1.8% -18.4% 7.7% 47.09%

NAV & Total Return History


FRIFX - Holdings

Concentration Analysis

FRIFX Category Low Category High FRIFX % Rank
Net Assets 5.18 B 929 K 55.2 B 4.92%
Number of Holdings 529 18 562 2.13%
Net Assets in Top 10 1.3 B 519 K 27.2 B 13.83%
Weighting of Top 10 24.67% 14.1% 76.1% 95.56%

Top 10 Holdings

  1. Fidelity Revere Str Tr 8.54%
  2. American Tower Corp 3.17%
  3. Equity Lifestyle Properties Inc 2.94%
  4. Apartment Investment & Management Co 1.88%
  5. Mid-America Apartment Communities Inc 1.67%
  6. Crown Castle International Corp 1.53%
  7. AGNC Investment Corp 1.36%
  8. Equinix Inc 1.24%
  9. Lexington Realty Trust 1.23%
  10. Lexington Realty Trust 1.23%

Asset Allocation

Weighting Return Low Return High FRIFX % Rank
Bonds
33.58% -9.65% 101.08% 3.55%
Stocks
28.87% 1.97% 101.95% 93.26%
Preferred Stocks
23.02% 0.00% 45.03% 2.13%
Cash
8.61% -104.20% 19.25% 3.19%
Convertible Bonds
5.92% 0.00% 7.50% 0.71%
Other
0.00% -10.54% 95.74% 30.50%

Stock Sector Breakdown

Weighting Return Low Return High FRIFX % Rank
Real Estate
95.72% 30.32% 100.00% 85.77%
Financial Services
3.09% 0.00% 37.05% 2.92%
Industrials
1.20% 0.00% 10.74% 4.38%
Utilities
0.00% 0.00% 5.47% 9.85%
Technology
0.00% 0.00% 14.65% 18.61%
Healthcare
0.00% 0.00% 38.43% 12.77%
Energy
0.00% 0.00% 1.16% 8.39%
Communication Services
0.00% 0.00% 11.17% 12.41%
Consumer Defense
0.00% 0.00% 2.24% 8.39%
Consumer Cyclical
0.00% 0.00% 41.45% 40.15%
Basic Materials
0.00% 0.00% 5.97% 9.85%

Stock Geographic Breakdown

Weighting Return Low Return High FRIFX % Rank
US
28.32% 1.97% 100.26% 92.91%
Non US
0.55% 0.00% 32.96% 19.15%

Bond Sector Breakdown

Weighting Return Low Return High FRIFX % Rank
Corporate
66.22% 0.00% 96.68% 7.45%
Securitized
21.60% 0.00% 98.64% 4.61%
Cash & Equivalents
12.18% 0.00% 100.00% 89.36%
Derivative
0.00% 0.00% 6.40% 9.22%
Municipal
0.00% 0.00% 10.22% 8.51%
Government
0.00% 0.00% 68.66% 9.93%

Bond Geographic Breakdown

Weighting Return Low Return High FRIFX % Rank
US
32.17% -9.65% 109.80% 3.55%
Non US
1.41% -8.72% 19.87% 1.77%

FRIFX - Expenses

Operational Fees

FRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.07% 23.80% 82.59%
Management Fee 0.53% 0.00% 1.67% 20.21%
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 2.50% 5.75% 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 32.00% 1.54% 257.00% 39.78%

FRIFX - Distributions

Dividend Yield Analysis

FRIFX Category Low Category High FRIFX % Rank
Dividend Yield 0.00% 0.00% 12.93% 20.21%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FRIFX Category Low Category High FRIFX % Rank
Net Income Ratio 4.12% -2.55% 6.71% 3.58%

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 +

FRIFX - Fund Manager Analysis

Managers

Mark Snyderman


Start Date

Tenure

Tenure Rank

Feb 04, 2003

17.67

17.7%

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

1.59

1.6%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 26.76 8.49 14.76