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

FRIFX - Snapshot

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 5.0%
  • 5 Yr Annualized Return 6.5%
  • Net Assets $5.46 B
  • Holdings in Top 10 22.8%

52 WEEK LOW AND HIGH

$11.89
$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

Vanguard Real Estate Index Fund

VNQ | ETF

$85.77

+0.23%

$60.54 B

3.21%

$2.74

1.75%

0.12%

Vanguard Real Estate Index Fund

Fund

$28.50

+0.28%

$60.54 B

-

$0.00

0.96%

0.26%

DFA Real Estate Securities Portfolio

Fund

$37.74

+0.24%

$8.80 B

2.74%

$1.03

0.59%

0.20%

Vanguard Real Estate II Index Fund

Fund

$20.70

+0.29%

$7.40 B

3.89%

$0.80

0.98%

0.08%

Cohen & Steers Realty Shares Fund

Fund

$61.53

+0.20%

$6.22 B

2.53%

$1.55

0.82%

0.95%

FRIFX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 6.5%
  • 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 1.2% -0.5% 7.4% 23.24%
1 Yr -1.1% -36.5% 44.3% 16.72%
3 Yr 5.0%* -9.7% 17.6% 37.00%
5 Yr 6.5%* -1.5% 16.6% 22.05%
10 Yr 7.3%* 4.0% 15.7% 78.70%

* Annualized

Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
2020 -5.8% -53.9% 35.0% 19.48%
2019 11.4% -0.8% 43.1% 79.07%
2018 -6.4% -44.0% 4.9% 8.26%
2017 1.7% -16.4% 25.4% 42.92%
2016 4.9% -13.1% 340.0% 8.74%

Total Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.4% 7.2% 20.42%
1 Yr -1.1% -36.5% 44.3% 15.68%
3 Yr 5.0%* -9.7% 17.6% 32.60%
5 Yr 6.5%* -1.8% 16.6% 20.08%
10 Yr 7.3%* 4.0% 15.7% 73.61%

* Annualized

Total Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
2020 -5.8% -53.9% 35.0% 19.48%
2019 11.4% -0.8% 43.1% 79.07%
2018 -2.8% -43.3% 4.9% 4.96%
2017 7.3% -13.6% 31.4% 21.46%
2016 10.2% -12.3% 13.4% 3.40%

NAV & Total Return History

FRIFX - Holdings

Concentration Analysis

FRIFX Category Low Category High FRIFX % Rank
Net Assets 5.46 B 1.05 M 60.5 B 7.52%
Number of Holdings 502 15 531 2.43%
Net Assets in Top 10 1.15 B 380 K 27.7 B 15.63%
Weighting of Top 10 22.81% 14.3% 98.3% 96.77%

Top 10 Holdings

  1. Fidelity Revere Str Tr 6.26%
  2. American Tower Corp 3.03%
  3. Equity Lifestyle Properties Inc 2.74%
  4. Mid-America Apartment Communities Inc 2.18%
  5. New Residential Investment Corp 1.94%
  6. Crown Castle International Corp 1.50%
  7. AGNC Investment Corp 1.48%
  8. Apt Inv&Mgmt 1.40%
  9. Lexington Realty Trust 1.23%
  10. Lexington Realty Trust 1.23%

Asset Allocation

Weighting Return Low Return High FRIFX % Rank
Bonds 		33.00% -14.94% 98.33% 5.21%
Stocks 		30.47% 0.00% 106.42% 93.06%
Preferred Stocks 		24.37% 0.00% 38.73% 1.74%
Cash 		6.26% -100.22% 19.88% 5.56%
Convertible Bonds 		5.91% 0.00% 7.03% 1.04%
Other 		0.00% -10.54% 96.01% 27.08%

Stock Sector Breakdown

Weighting Return Low Return High FRIFX % Rank
Real Estate 		95.24% 36.53% 100.00% 83.70%
Financial Services 		3.23% 0.00% 37.05% 3.62%
Industrials 		1.53% 0.00% 11.54% 5.07%
Utilities 		0.00% 0.00% 10.05% 7.25%
Technology 		0.00% 0.00% 14.79% 14.86%
Healthcare 		0.00% 0.00% 38.18% 10.14%
Energy 		0.00% 0.00% 16.98% 4.35%
Communication Services 		0.00% 0.00% 9.78% 8.70%
Consumer Defense 		0.00% 0.00% 3.67% 4.71%
Consumer Cyclical 		0.00% 0.00% 40.71% 41.67%
Basic Materials 		0.00% 0.00% 14.93% 5.80%

Stock Geographic Breakdown

Weighting Return Low Return High FRIFX % Rank
US 		29.91% 0.00% 100.97% 92.71%
Non US 		0.56% 0.00% 33.52% 19.10%

Bond Sector Breakdown

Weighting Return Low Return High FRIFX % Rank
Corporate 		67.38% 0.00% 100.00% 8.33%
Securitized 		23.57% 0.00% 100.00% 6.25%
Cash & Equivalents 		9.05% 0.00% 100.00% 86.46%
Derivative 		0.00% 0.00% 5.63% 5.90%
Municipal 		0.00% 0.00% 9.22% 3.82%
Government 		0.00% 0.00% 77.67% 5.56%

Bond Geographic Breakdown

Weighting Return Low Return High FRIFX % Rank
US 		31.69% -14.94% 162.04% 5.21%
Non US 		1.31% -63.71% 20.26% 1.74%

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% 82.09%
Management Fee 0.53% 0.00% 1.67% 19.44%
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% 235.00% 36.56%

FRIFX - Distributions

Dividend Yield Analysis

FRIFX Category Low Category High FRIFX % Rank
Dividend Yield 0.00% 0.00% 8.31% 14.58%

Dividend Distribution Analysis

FRIFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Semi-Annually Monthly Quarterly

Net Income Ratio Analysis

FRIFX Category Low Category High FRIFX % Rank
Net Income Ratio 4.12% -2.55% 6.70% 5.36%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FRIFX - Fund Manager Analysis

Managers

Mark Snyderman

Start Date

Tenure

Tenure Rank

Feb 04, 2003

17.92

17.9%

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

1.84

1.8%

Mr.Maclay joined Fidelity Investments in 2001, and has worked as a research analyst and portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 27.01 7.91 1.26

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