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FRIFX Fidelity® Real Estate Income

  • Fund
  • FRIFX
  • Price as of: Sep 16, 2019
  • $12.47 + $0.04 + 0.32%
Profile Categories Performance Holdings Expenses Distributions Managers Read Next

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

Real Estate
  • 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 - Categories

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

View More 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

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