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Fidelity® Real Estate Income Fund
mutual fund
FRIFX
Dividend policy
Active
Price as of:
$12.74
+0.01
+0%
primary theme
Real Estate Sector Equity
FRIFX (Mutual Fund)
Fidelity® Real Estate Income Fund
Dividend policy
Active
Price as of:
$12.74
+0.01
+0%
primary theme
Real Estate Sector Equity
FRIFX (Mutual Fund)
Fidelity® Real Estate Income Fund
Dividend policy
Active
Price as of:
$12.74
+0.01
+0%
primary theme
Real Estate Sector Equity
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
- Primary Theme Real Estate Sector Equity
- Fund Type Open End Mutual Fund
- Investment Style Real Estate
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$42.43
+0.17%
$9.52 B
2.31%
$0.98
blocked
blocked
blocked
13.09%
0.20%
$23.19
+0.17%
$8.04 B
3.54%
$0.82
blocked
blocked
blocked
13.12%
0.08%
$17.33
+0.12%
$6.79 B
2.52%
$0.44
blocked
blocked
blocked
12.97%
1.13%
$69.34
+0.28%
$6.72 B
2.08%
$1.44
blocked
blocked
blocked
13.62%
0.97%
$12.74
+0.08%
$5.91 B
4.35%
$0.55
blocked
blocked
blocked
8.15%
0.73%
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
Vanguard Real Estate Index Fund
VNQ | ETF
$96.12
+0.22%
$67.77 B
2.73%
$2.62
blocked
blocked
blocked
13.18%
0.12%
Schwab U.S. REIT ETF™
SCHH | ETF
$43.07
+0.28%
$5.27 B
2.32%
$0.99
blocked
blocked
blocked
13.43%
0.07%
iShares U.S. Real Estate ETF
IYR | ETF
$96.32
+0.20%
$4.66 B
2.14%
$2.06
blocked
blocked
blocked
12.46%
0.42%
iShares Global REIT ETF
REET | ETF
$26.64
+0.30%
$2.78 B
2.29%
$0.61
blocked
blocked
blocked
11.32%
0.14%
The Real Estate Select Sector SPDR Fund
XLRE | ETF
$41.40
+0.15%
$2.51 B
3.22%
$1.33
blocked
blocked
blocked
13.24%
0.13%
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%
- 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 | 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
- Fidelity Revere Str Tr 7.76%
- American Tower Corp 3.05%
- Equity Lifestyle Properties Inc 2.73%
- Mid-America Apartment Communities Inc 2.37%
- New Residential Investment Corp 2.22%
- AGNC Investment Corp 1.51%
- Apartment Income REIT Corp 1.44%
- Apt Inv&Mgmt 1.40%
- Crown Castle International Corp 1.36%
- 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
| 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
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 |
