Fidelity® Real Estate Income (FRIFX)

12.66 +0.00  +0.00% Dec 6 USD
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Key Stats

Net Asset Value 12.66
Turnover Ratio 17.00%
1 Year Fund Level Flows 473.54M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 0.24% 0.57% 69
3M 1.20% 1.48% 42
6M 5.51% 7.08% 78
YTD 16.74% 26.92% 97
1Y 12.76% 15.35% 76
3Y 8.03% 9.40% 81
5Y 6.99% 7.08% 52
10Y 9.41% 11.46% 93
15Y 6.89% 7.44% 80
20Y -- 11.06% --
As of Dec. 6, 2019. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 7.36% 7.36% 0.00%
Stock 31.17% 31.17% 0.00%
Bond 37.80% 37.80% 0.00%
Convertible 4.93% 4.93% 0.00%
Preferred 18.65% 18.65% 0.00%
Other 0.09% 0.09% 0.00%
As of July 31, 2019

Region Exposure

Americas 99.75%
North America 99.70%
Latin America 0.05%
Greater Europe 0.25%
United Kingdom 0.00%
Europe Developed 0.25%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.00%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of July 31, 2019. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 0.00%
Communication Services 0.00%
Consumer Cyclical 0.74%
Consumer Defensive 0.00%
Energy 0.00%
Financial Services 3.82%
Healthcare 0.00%
Industrials 0.92%
Real Estate 94.52%
Technology 0.00%
Utilities 0.00%
As of July 31, 2019

Stock Market Capitalization

Giant 9.61%
Large 20.04%
Medium 33.06%
Small 30.92%
Micro 6.38%
As of July 31, 2019

Stock Style Exposure

Large Cap Value 7.69%
Large Cap Blend 4.57%
Large Cap Growth 18.10%
Mid Cap Value 6.39%
Mid Cap Blend 27.06%
Mid Cap Growth 0.41%
Small Cap Value 22.86%
Small Cap Blend 9.99%
Small Cap Growth 2.93%
As of July 31, 2019

FRIFX Bond Exposure

Government 0.00%
Corporate 64.63%
Securitized 24.64%
Municipal 0.00%
Cash 10.73%
Derivative 0.00%
As of July 31, 2019

FRIFX Bond Credit Quality Exposure

AAA 0.49%
AA 0.23%
A 2.27%
BBB 16.11%
BB 33.14%
B 27.28%
Below B 2.74%
As of July 31, 2019

FRIFX Bond Maturity Exposure

1 to 7 Days 0.00%
8 to 30 Days 0.00%
31 to 90 Days 0.00%
91 to 182 Days 1.90%
183 to 364 Days 2.51%
1 to 3 Years 7.78%
3 to 5 Years 23.22%
5 to 7 Years 17.71%
7 to 10 Years 11.55%
10 to 15 Years 4.19%
15 to 20 Years 8.81%
20 to 30 Years 18.41%
Over 30 Years 3.92%
As of July 31, 2019
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
ELS Equity Lifestyle Properties Inc 2.60% 72.08 -1.53%
AIV Apartment Investment & Management Co 2.53% 52.61 -0.15%
AMT American Tower Corp 2.45% 212.20 -0.62%
VTR Ventas Inc 2.34% 57.47 -0.47%
AKR Acadia Realty Trust 1.67% 26.47 +0.23%
MAA Mid-America Apartment Communities Inc 1.53% 134.79 -0.16%
MFA MFA Financial Inc 1.53% 7.68 +0.26%
CCI Crown Castle International Corp 1.40% 135.35 -0.08%
EQIX Equinix Inc 1.11% 559.19 -0.16%
NRZ New Residential Investment Corp 1.08% 15.84 +0.19%
As of July 31, 2019
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Basic Info

Investment Strategy
The investment seeks higher than average income; and capital growth is the secondary objective. 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.
General
Security Type Mutual Fund
Oldest Share Symbol FRIFX
Equity Style Mid Cap/Blend
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Real Estate
Prospectus Objective Specialty - Real Estate
Fund Owner Firm Name Fidelity Investments
Reports
One Page Report Download

Manager Info

Name Tenure
Mark Snyderman 16.66 yrs
William Maclay 0.58 yrs

Share Classes

Symbol Share Class
FIKMX Other
FRINX A
FRIOX C
FRIQX M
FRIRX Inst

Net Fund Flows

1M 173.02M
3M 201.29M
6M -2.897M
YTD 555.61M
1Y 473.54M
3Y 562.39M
5Y 549.44M
10Y 3.167B
As of Nov. 30, 2019

Risk Info

Beta (5Y) 0.2437
Historical Sharpe Ratio (10Y) 1.640
Historical Sortino (All) 0.642
Daily Value at Risk (VaR) 1% (All) 1.31%
Monthly Value at Risk (VaR) 1% (All) 9.63%

Fundamentals

General
Dividend Yield TTM (12-6-19) 4.37%
30-Day SEC Yield (11-29-19) 3.79%
7-Day SEC Yield --
Forecasted Dividend Yield 5.18%
Number of Holdings 569
Stock
Weighted Average PE Ratio 22.54
Weighted Average Price to Sales Ratio 5.227
Weighted Average Price to Book Ratio 1.818
Weighted Median ROE 11.15%
Weighted Median ROA 3.32%
Forecasted PE Ratio 23.10
Forecasted PS Ratio 4.291
Forecasted Price to Book Value 1.728
Number of Stock Holdings 51
Bond
Current Yield 5.61%
Yield to Maturity 5.32%
Effective Duration 1.89
Average Coupon 5.51%
Average Credit Score 15.00 (B)
Average Price 99.44
Number of Bond Holdings 354
As of July 31, 2019

Comparables

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Attributes

Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment 0.00 USD
Minimum Subsequent Investment 0.00 USD
Fees
Actual 12B-1 Fee --
Actual Management Fee 0.54%
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
Key Dates
Inception Date 2/4/2003
Termination Date
Last Annual Report Date 7/31/2019
Last Prospectus Date 9/28/2019
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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