Fidelity® Real Estate Income

Snapshot

Compare

Profile

Performance

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

Primary Theme
Real Estate Sector Equity
Fund Type Open End Mutual Fund
Investment Style Real Estate

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Real Estate Index Fund

VNQ | ETF |

$80.36

+0.60%

$55.16 B

3.94%

$3.14

-14.64%

0.12%

Vanguard Real Estate Index Fund

Fund

$26.32

-1.42%

$55.16 B

2.59%

$0.69

-14.68%

0.26%

DFA Real Estate Securities Portfolio

Fund

$35.98

+0.67%

$8.59 B

2.40%

$0.86

-12.07%

0.20%

Vanguard Real Estate II Index Fund

Fund

$19.13

-1.39%

$6.77 B

4.03%

$0.78

-14.52%

0.08%

Cohen & Steers Realty Shares Fund

Fund

$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

Fidelity Revere Str Tr 8.54%
American Tower Corp 3.17%
Equity Lifestyle Properties Inc 2.94%
Apartment Investment & Management Co 1.88%
Mid-America Apartment Communities Inc 1.67%
Crown Castle International Corp 1.53%
AGNC Investment Corp 1.36%
Equinix Inc 1.24%
Lexington Realty Trust 1.23%
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

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

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

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Fidelity® Real Estate Income

FRIFX - Snapshot

Vitals

52 WEEK LOW AND HIGH

Expenses

OPERATING RELATED FEES

SALES FEES

BROKERAGE FEES

TRADING FEES

Min Investment

Fund Classification

FRIFX - Profile

Distributions

Fund Details

Fund Description

FRIFX - Performance

Return Ranking - Trailing

Return Ranking - Calendar

Total Return Ranking - Trailing

Total Return Ranking - Calendar

NAV & Total Return History

FRIFX - Holdings

Concentration Analysis

Top 10 Holdings

Asset Allocation

Stock Sector Breakdown

Stock Geographic Breakdown

Bond Sector Breakdown

Bond Geographic Breakdown

FRIFX - Expenses

Operational Fees

Sales Fees

Trading Fees

Related Fees

FRIFX - Distributions

Dividend Yield Analysis

Dividend Distribution Analysis

Net Income Ratio Analysis

Capital Gain Distribution Analysis

Dividend Payout History

FRIFX - Fund Manager Analysis

Managers

Mark Snyderman

William Maclay

Tenure Analysis

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