Fidelity® Real Estate Income
- FRIFX
- Price as of: Jan 22, 2021
-
$11.89
N/A N/A
- Primary Theme
- Real Estate Sector Equity
- Fund Company
- Fidelity Investments
- Share Class
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
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
-
Primary Theme
Real Estate Sector Equity
- Fund Type Open End Mutual Fund
- Investment Style Real Estate
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFidelity® Real Estate Income Fund
-
Fund Family NameFidelity Investments
-
Inception DateFeb 04, 2003
-
Shares OutstandingN/A
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMark 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
- Fidelity Revere Str Tr 6.26%
- American Tower Corp 3.03%
- Equity Lifestyle Properties Inc 2.74%
- Mid-America Apartment Communities Inc 2.18%
- New Residential Investment Corp 1.94%
- Crown Castle International Corp 1.50%
- AGNC Investment Corp 1.48%
- Apt Inv&Mgmt 1.40%
- Lexington Realty Trust 1.23%
- 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
Date | Amount |
---|---|
Mar 11, 2019 | $0.033 |
Jun 04, 2018 | $0.122 |
Mar 05, 2018 | $0.006 |
Jun 05, 2017 | $0.131 |
Mar 06, 2017 | $0.037 |
Jan 03, 2017 | $0.010 |
Jun 06, 2016 | $0.128 |
Mar 07, 2016 | $0.040 |
Jun 08, 2015 | $0.130 |
Mar 09, 2015 | $0.012 |
Jun 09, 2014 | $0.123 |
Mar 10, 2014 | $0.041 |
Jun 10, 2013 | $0.137 |
Mar 04, 2013 | $0.047 |
Dec 28, 2012 | $0.008 |
Sep 10, 2012 | $0.150 |
Jun 04, 2012 | $0.123 |
Mar 05, 2012 | $0.055 |
Jan 03, 2012 | $0.002 |
Dec 19, 2011 | $0.196 |
Sep 06, 2011 | $0.147 |
Jun 06, 2011 | $0.132 |
Mar 07, 2011 | $0.054 |
Dec 31, 2010 | $0.005 |
Dec 20, 2010 | $0.189 |
Sep 07, 2010 | $0.126 |
Jun 07, 2010 | $0.149 |
Mar 08, 2010 | $0.040 |
Dec 31, 2009 | $0.005 |
Dec 21, 2009 | $0.210 |
Sep 08, 2009 | $0.120 |
Jun 08, 2009 | $0.080 |
Mar 09, 2009 | $0.030 |
Dec 31, 2008 | $0.040 |
Sep 08, 2008 | $0.150 |
Jun 09, 2008 | $0.120 |
Mar 10, 2008 | $0.070 |
Dec 24, 2007 | $0.250 |
Sep 10, 2007 | $0.220 |
Jun 04, 2007 | $0.100 |
Mar 05, 2007 | $0.100 |
Dec 18, 2006 | $0.230 |
Sep 11, 2006 | $0.150 |
Jun 05, 2006 | $0.200 |
Mar 06, 2006 | $0.050 |
Dec 19, 2005 | $0.250 |
Sep 12, 2005 | $0.170 |
Jun 06, 2005 | $0.130 |
Mar 07, 2005 | $0.060 |
Dec 13, 2004 | $0.230 |
Sep 07, 2004 | $0.150 |
May 10, 2004 | $0.120 |
Feb 09, 2004 | $0.100 |
Dec 15, 2003 | $0.220 |
Aug 11, 2003 | $0.110 |
May 12, 2003 | $0.070 |
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 |