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

FRIFX - Snapshot

Vitals

  • YTD Return 8.1%
  • 3 Yr Annualized Return 8.2%
  • 5 Yr Annualized Return 7.1%
  • Net Assets $5.91 B
  • Holdings in Top 10 24.8%

52 WEEK LOW AND HIGH

$12.73
$9.74
$12.74

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

$96.12

+0.22%

$67.77 B

2.73%

$2.62

13.18%

0.12%

Vanguard Real Estate Index Fund

Fund

$31.92

+0.19%

$67.77 B

-

$0.00

13.07%

0.26%

DFA Real Estate Securities Portfolio

Fund

$42.43

+0.17%

$9.52 B

2.31%

$0.98

13.09%

0.20%

Vanguard Real Estate II Index Fund

Fund

$23.19

+0.17%

$8.04 B

3.54%

$0.82

13.12%

0.08%

Cohen & Steers Real Estate Securities Fund, Inc.

Fund

$17.33

+0.12%

$6.79 B

2.52%

$0.44

12.97%

1.13%

FRIFX - Profile

Distributions

  • YTD Total Return 8.1%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return 7.1%
  • 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 8.1% -1.4% 18.6% 89.05%
1 Yr 41.0% -2.1% 111.8% 17.13%
3 Yr 8.2%* -5.2% 24.0% 71.17%
5 Yr 7.1%* -1.3% 19.5% 23.23%
10 Yr 7.6%* 4.1% 15.9% 78.24%

* Annualized

Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
2020 -5.8% -53.9% 35.0% 19.55%
2019 11.4% -0.8% 43.1% 78.68%
2018 -6.4% -44.0% 4.9% 8.30%
2017 1.7% -16.4% 25.4% 42.66%
2016 4.9% -13.1% 340.0% 8.78%

Total Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -1.4% 18.6% 89.05%
1 Yr 41.0% -6.3% 111.8% 15.03%
3 Yr 8.2%* -5.2% 24.0% 66.06%
5 Yr 7.1%* -1.6% 19.5% 21.26%
10 Yr 7.6%* 4.1% 15.9% 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% 19.55%
2019 11.4% -0.8% 43.1% 78.68%
2018 -2.8% -43.3% 4.9% 4.98%
2017 7.3% -13.6% 31.4% 21.56%
2016 10.2% -12.3% 13.4% 3.41%

NAV & Total Return History

FRIFX - Holdings

Concentration Analysis

FRIFX Category Low Category High FRIFX % Rank
Net Assets 5.91 B 1.1 M 67.8 B 7.14%
Number of Holdings 489 17 521 2.08%
Net Assets in Top 10 1.37 B 405 K 30.4 B 13.19%
Weighting of Top 10 24.84% 15.7% 96.2% 96.75%

Top 10 Holdings

  1. Fidelity Revere Str Tr 7.76%
  2. American Tower Corp 3.05%
  3. Equity Lifestyle Properties Inc 2.73%
  4. Mid-America Apartment Communities Inc 2.37%
  5. New Residential Investment Corp 2.22%
  6. AGNC Investment Corp 1.51%
  7. Apartment Income REIT Corp 1.44%
  8. Apt Inv&Mgmt 1.40%
  9. Crown Castle International Corp 1.36%
  10. Lexington Realty Trust 1.23%

Asset Allocation

Weighting Return Low Return High FRIFX % Rank
Stocks 		32.69% 2.36% 104.05% 92.36%
Bonds 		29.63% -13.28% 95.13% 4.86%
Preferred Stocks 		24.13% 0.00% 36.96% 2.08%
Cash 		7.76% -97.72% 19.88% 2.43%
Convertible Bonds 		5.79% 0.00% 6.50% 0.69%
Other 		0.00% -6.19% 95.23% 37.50%

Stock Sector Breakdown

Weighting Return Low Return High FRIFX % Rank
Real Estate 		95.43% 36.94% 100.00% 85.71%
Financial Services 		3.38% 0.00% 37.05% 3.66%
Industrials 		1.18% 0.00% 10.48% 4.76%
Utilities 		0.00% 0.00% 8.05% 19.78%
Technology 		0.00% 0.00% 18.55% 26.01%
Healthcare 		0.00% 0.00% 36.29% 20.51%
Energy 		0.00% 0.00% 17.72% 17.58%
Communication Services 		0.00% 0.00% 9.85% 21.98%
Consumer Defense 		0.00% 0.00% 3.93% 18.32%
Consumer Cyclical 		0.00% 0.00% 41.47% 54.95%
Basic Materials 		0.00% 0.00% 14.33% 19.41%

Stock Geographic Breakdown

Weighting Return Low Return High FRIFX % Rank
US 		32.00% 2.36% 101.88% 92.01%
Non US 		0.69% -2.02% 32.33% 20.49%

Bond Sector Breakdown

Weighting Return Low Return High FRIFX % Rank
Corporate 		67.72% 0.00% 100.00% 9.47%
Securitized 		20.60% 0.00% 98.32% 5.96%
Cash & Equivalents 		11.67% 0.00% 100.00% 87.37%
Derivative 		0.00% 0.00% 5.70% 21.05%
Municipal 		0.00% 0.00% 9.46% 17.89%
Government 		0.00% 0.00% 72.28% 19.30%

Bond Geographic Breakdown

Weighting Return Low Return High FRIFX % Rank
US 		28.36% -13.28% 144.74% 4.86%
Non US 		1.27% -51.69% 29.50% 3.82%

FRIFX - Expenses

Operational Fees

FRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.07% 30.10% 82.53%
Management Fee 0.53% 0.00% 1.67% 18.69%
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% 26.35%

FRIFX - Distributions

Dividend Yield Analysis

FRIFX Category Low Category High FRIFX % Rank
Dividend Yield 0.00% 0.00% 5.11% 27.34%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FRIFX Category Low Category High FRIFX % Rank
Net Income Ratio 4.12% -2.55% 6.70% 5.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FRIFX - Fund Manager Analysis

Managers

Mark Snyderman

Start Date

Tenure

Tenure Rank

Feb 04, 2003

18.16

18.2%

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

2.08

2.1%

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
0.08 27.26 7.82 1.51

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