FRIFX: Fidelity® Real Estate Income
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FRIFX Fidelity® Real Estate Income

  • Fund
  • FRIFX
  • Price as of: Dec 10, 2019
  • $12.65
    - $0.03 - 0.24%
Profile

FRIFX - Profile

Vitals

  • YTD Return 12.7%
  • 3 Yr Annualized Return 1.9%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $6.5 B
  • Holdings in Top 10 18.3%

52 WEEK LOW AND HIGH

$12.65
$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 17.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification

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

Distributions

  • YTD Total Return 12.7%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.55%
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.

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Categories

FRIFX - Mutual Fund Categories

North America
Diversified Portfolio
Active
No Load
U.S.
Real Estate
Fund Company Quick Screens

FRIFX - Fund Company Quick Screens

Fidelity Balanced Funds
Performance

FRIFX - Performance

Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% 0.0% 41.8% 88.01%
1 Yr 7.1% -21.4% 25.1% 78.11%
3 Yr 1.9%* -17.7% 15.0% 54.70%
5 Yr 1.2%* -13.5% 10.0% 48.78%
10 Yr 3.1%* -1.7% 14.1% 83.85%

* Annualized

Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.4% -44.0% 2.2% 9.49%
2017 1.7% -16.4% 25.4% 36.21%
2016 4.9% -28.0% 12.5% 7.76%
2015 -3.7% -19.4% 2.4% 38.31%
2014 5.3% -3.3% 31.5% 94.86%

Total Return Ranking - Trailing

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% 0.0% 41.8% 88.01%
1 Yr 7.1% -21.4% 25.1% 82.26%
3 Yr 5.7%* -17.0% 15.0% 58.55%
5 Yr 5.8%* -13.0% 10.0% 40.49%
10 Yr 8.9%* -1.7% 14.1% 65.38%

* Annualized

Total Return Ranking - Calendar

Period FRIFX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.8% -43.3% 3.3% 7.11%
2017 7.3% -13.6% 31.4% 18.97%
2016 10.2% -12.3% 12.5% 1.83%
2015 1.8% -15.2% 7.7% 48.26%
2014 12.7% -3.3% 32.5% 93.71%

NAV & Total Return History

Holdings

FRIFX - Holdings

Concentration Analysis

FRIFX Category Low Category High FRIFX % Rank
Net Assets 6.5 B 1.73 M 69.9 B 4.72%
Number of Holdings 569 19 711 2.18%
Net Assets in Top 10 1.12 B 942 K 29.3 B 17.45%
Weighting of Top 10 18.26% 11.1% 145.8% 96.00%

Top 10 Holdings

  1. Equity Lifestyle Properties Inc 2.60%
  2. Apartment Investment & Management Co 2.53%
  3. American Tower Corp 2.45%
  4. Ventas Inc 2.34%
  5. Acadia Realty Trust 1.67%
  6. Mid-America Apartment Communities Inc 1.53%
  7. MFA Financial Inc 1.53%
  8. Crown Castle International Corp 1.40%
  9. Equinix Inc 1.11%
  10. New Residential Investment Corp 1.08%

Asset Allocation

Weighting Return Low Return High FRIFX % Rank
Bonds 		37.79% -0.79% 97.77% 5.45%
Stocks 		31.17% 6.49% 114.83% 93.09%
Preferred Stocks 		18.65% 0.00% 50.29% 6.55%
Cash 		7.36% -106.75% 19.21% 3.64%
Convertible Bonds 		4.93% 0.00% 6.17% 0.73%
Other 		0.09% -0.98% 89.86% 18.91%

Stock Sector Breakdown

Weighting Return Low Return High FRIFX % Rank
Real Estate 		29.47% 2.00% 100.00% 92.13%
Financial Services 		1.19% 0.00% 6.36% 7.12%
Industrials 		0.29% -0.01% 9.29% 4.87%
Consumer Cyclical 		0.23% -1.13% 31.52% 31.46%
Utilities 		0.00% 0.00% 14.22% 49.81%
Technology 		0.00% 0.00% 14.07% 65.54%
Healthcare 		0.00% 0.00% 1.82% 49.44%
Energy 		0.00% 0.00% 8.32% 49.44%
Communication Services 		0.00% 0.00% 1.88% 49.06%
Consumer Defense 		0.00% 0.00% 1.05% 49.06%
Basic Materials 		0.00% -0.04% 13.17% 51.69%

Stock Geographic Breakdown

Weighting Return Low Return High FRIFX % Rank
US 		30.48% 6.49% 114.83% 90.91%
Non US 		0.69% 0.00% 33.24% 14.91%

Bond Sector Breakdown

Weighting Return Low Return High FRIFX % Rank
Corporate 		44.33% 0.00% 54.98% 1.82%
Securitized 		16.90% 0.00% 86.73% 4.73%
Cash & Equivalents 		7.36% -106.90% 26.87% 4.36%
Derivative 		0.00% -2.59% 0.04% 45.82%
Municipal 		0.00% 0.00% 0.21% 46.55%
Government 		0.00% -0.79% 62.17% 48.73%

Bond Geographic Breakdown

Weighting Return Low Return High FRIFX % Rank
US 		36.53% -2.20% 111.37% 3.64%
Non US 		1.26% -13.60% 14.39% 4.73%
Expenses

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% 90.66%
Management Fee 0.54% 0.00% 1.50% 13.45%
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% 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 17.00% 3.00% 877.00% 7.49%
Distributions

FRIFX - Distributions

Dividend Yield Analysis

FRIFX Category Low Category High FRIFX % Rank
Dividend Yield 0.26% 0.00% 3.90% 75.27%

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 4.55% -0.10% 5.67% 1.95%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +
Fund Manager Analysis

FRIFX - Fund Manager Analysis

Managers

Mark P. Snyderman

Start Date

Tenure

Tenure Rank

Feb 04, 2003

16.83

16.8%

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

Start Date

Tenure

Tenure Rank

Mar 01, 2019

0.75

0.8%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 25.92 7.72 0.03

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