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FRIFX Fidelity® Real Estate Income

  • Fund
  • FRIFX
  • Price as of: Sep 16, 2019
  • $12.47 + $0.04 + 0.32%

FRIFX - Profile

Vitals

  • YTD Return 11.1%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return 1.5%
  • Net Assets $6.18 B
  • Holdings in Top 10 18.4%

52 WEEK LOW AND HIGH

$12.47
$11.04
$12.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

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

BROKERAGE FEES

  • Turnover 27.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 11.1%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.24%
DIVIDENDS
  • Dividend Yield 0.3%
  • 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 (%)
YTD 11.1% -1.0% 39.6% 90.27%
1 Yr 5.0% -30.7% 15.0% 68.13%
3 Yr 1.4%* -15.3% 11.6% 37.79%
5 Yr 1.5%* -10.3% 8.4% 41.40%
10 Yr 3.5%* -1.4% 9.5% 81.03%

* Annualized


Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.4% -44.0% 2.2% 9.47%
2017 1.7% -16.4% 25.4% 36.94%
2016 4.9% -28.0% 12.5% 6.70%
2015 -3.7% -19.4% 2.4% 38.74%
2014 5.3% -3.3% 31.5% 94.55%

Total Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.1% -1.0% 39.6% 90.27%
1 Yr 5.0% -29.8% 19.2% 78.49%
3 Yr 5.2%* -14.9% 11.6% 41.01%
5 Yr 6.1%* -9.1% 10.4% 54.30%
10 Yr 9.2%* -1.4% 13.1% 60.34%

* Annualized


Total Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.8% -43.3% 3.3% 7.41%
2017 7.3% -13.6% 31.4% 19.82%
2016 10.2% -12.3% 12.5% 1.91%
2015 1.8% -15.2% 7.7% 50.79%
2014 12.7% -3.3% 32.5% 93.94%

NAV & Total Return History

FRIFX - Holdings

Concentration Analysis

FRIFX Category Low Category High FRIFX % Rank
Net Assets 6.18 B 1.54 M 67.9 B 6.15%
Number of Holdings 564 17 757 3.42%
Net Assets in Top 10 1.11 B 787 K 27.6 B 21.67%
Weighting of Top 10 18.39% 11.4% 159.1% 98.86%

Top 10 Holdings

  1. Equity Lifestyle Properties Inc 2.68%

  2. Apartment Investment & Management Co 2.60%

  3. American Tower Corp 2.31%

  4. Ventas Inc 2.15%

  5. Acadia Realty Trust 1.83%

  6. MFA Financial Inc 1.63%

  7. Mid-America Apartment Communities Inc 1.57%

  8. Equinix Inc 1.51%

  9. Crown Castle International Corp 1.23%

  10. Sabra Health Care REIT Inc 0.89%


Asset Allocation

Weighting Return Low Return High FRIFX % Rank
Bonds
37.95% 0.00% 86.36% 5.70%
Stocks
30.12% 0.00% 118.44% 96.96%
Preferred Stocks
18.16% 0.00% 50.24% 7.22%
Cash
9.04% -95.08% 16.50% 3.80%
Convertible Bonds
4.64% 0.00% 6.10% 1.90%
Other
0.09% -1.02% 98.82% 19.77%

Stock Sector Breakdown

Weighting Return Low Return High FRIFX % Rank
Real Estate
25.64% 2.00% 99.97% 96.86%
Communication Services
2.31% 0.00% 9.46% 30.98%
Financial Services
1.27% 0.00% 6.14% 8.63%
Industrials
0.25% 0.00% 8.32% 5.49%
Consumer Cyclical
0.20% -1.23% 30.36% 37.25%
Utilities
0.00% 0.00% 5.96% 32.16%
Technology
0.00% 0.00% 17.81% 56.47%
Healthcare
0.00% 0.00% 4.40% 31.76%
Energy
0.00% 0.00% 4.06% 30.59%
Consumer Defense
0.00% 0.00% 0.24% 30.20%
Basic Materials
0.00% -0.01% 11.72% 41.57%

Stock Geographic Breakdown

Weighting Return Low Return High FRIFX % Rank
US
29.42% 0.00% 118.44% 96.96%
Non US
0.70% 0.00% 17.47% 21.29%

Bond Sector Breakdown

Weighting Return Low Return High FRIFX % Rank
Corporate
42.71% 0.00% 54.33% 2.66%
Securitized
17.64% 0.00% 47.84% 4.56%
Cash & Equivalents
9.29% -94.91% 31.25% 4.56%
Derivative
0.00% -2.83% 0.00% 27.00%
Municipal
0.00% 0.00% 0.21% 29.66%
Government
0.00% 0.00% 56.00% 31.56%

Bond Geographic Breakdown

Weighting Return Low Return High FRIFX % Rank
US
36.68% 0.00% 96.68% 5.70%
Non US
1.27% -10.32% 15.75% 2.66%

FRIFX - Expenses

Operational Fees

FRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.00% 135.20% 91.80%
Management Fee 0.54% 0.00% 1.50% 14.72%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.47% N/A

Sales Fees

FRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% 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 0.75% 0.75% 2.00% 90.48%

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 Return Low Category Return High Rank in Category (%)
Turnover 27.00% 3.00% 877.00% 24.90%

FRIFX - Distributions

Dividend Yield Analysis

FRIFX Category Low Category High FRIFX % Rank
Dividend Yield 0.26% 0.00% 3.94% 78.11%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FRIFX Category Low Category High FRIFX % Rank
Net Income Ratio 4.24% -0.10% 5.36% 2.87%

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

Tenure

Tenure Rank

Feb 04, 2003

16.58

16.6%

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.


William Maclay

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2019

0.5

0.5%


Tenure Analysis

Category Low

0.0

Category High

25.67

Category Average

7.93

Category Mode

13.67