Fidelity Real Estate Income (FRIFX) Fund Ranking and Research

Ranking, Research and Recommendation of Fidelity Real Estate Income (FRIFX) Fund

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Fund Manager - Mark P. Snyderman

Fund Manager Information

Fund Manager Tenure: 15.2 years
Similar Funds: FRINX  FRIOX  FRIQX  FRIRX
Fund Family: Fidelity Investments
Fund Category: Real Estate
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.51)     (What does this score mean?)
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.  Get more insights on Mark P. Snyderman

Fidelity Real Estate Income Fund (FRIFX) Profile

Fund Profile and Description

Fidelity Real Estate Income Fund seeks higher than average income. Fidelity Real Estate Income Fund normally invests its assets 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. It invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. Fidelity Real Estate Income Fund may invest the fundâs assets in securities of foreign issuers in addition to securities of domestic issuers.

What we like about Fidelity Real Estate Income (FRIFX) Fund

Data for Fidelity Real Estate Income Fund (FRIFX) as of May 30, 2016

Fidelity Real Estate Income Fund (FRIFX) management has been with Fidelity Real Estate Income Fund for 15.2 years
Fidelity Real Estate Income Fund (FRIFX) ratio of up-years vs down years is greater than 2
Fidelity Real Estate Income Fund (FRIFX) has a Morningstar rating of 4 and above
Asset base in Fidelity Real Estate Income Fund (FRIFX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
Fidelity Real Estate Income Fund (FRIFX) has an annual stock turnover rate of 19.00% vs Real Estate average of 61.66%. It is good that Fidelity Real Estate Income management does not trade extensively for its return.
Fidelity Real Estate Income Fund (FRIFX) is less volatile than its peers as it has a 3-year Standard Deviation of 5.63, lower than category average of 14.6
Fidelity Real Estate Income Fund (FRIFX) has a lower expense ratio than its Real Estate average: 0.82% vs 1.28%
Fidelity Real Estate Income Fund (FRIFX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

What we are cautious about Fidelity Real Estate Income (FRIFX) Fund

Data for Fidelity Real Estate Income Fund (FRIFX) as of May 30, 2016

Fidelity Real Estate Income Fund (FRIFX) has a less-than-ideal short-term performance (1-year return 5.63% vs 9.01% Real Estate category median performance)
Fidelity Real Estate Income Fund (FRIFX) has a less-than-ideal mid-term performance (3-year return 5.97% vs 9.69% Real Estate category median performance)
Fidelity Real Estate Income Fund (FRIFX) has a less-than-ideal Long-term performance (5-year return 8.08% vs 9.40% Real Estate category median performance)
Fidelity Real Estate Income Fund (FRIFX) is less safe compared to its Real Estate peers
As a Real Estate focused fund, Fidelity Real Estate Income Fund (FRIFX) is less diversified and has inherited sector risks associated with the fund

See Fidelity Real Estate Income Fund (FRIFX) performance details as of May 30, 2016

What do you think?

Compare with other top Real Estate category mutual funds

Aadditional top Real Estate mutual funds for your consideration

Fund	Year to Date	1 Year	3 year	5 year
Fidelity Real Estate Income	5.54	5.63	5.97	8.08
Cohen & Steers Real Estate Securities A (CSEIX)	4.97	12.04	12.70	11.08	Compare
Goldman Sachs Real Estate Securities Ins (GREIX)	4.48	10.05	10.34	10.22	Compare
Principal Real Estate Securities P (PIRPX)	4.52	10.15	11.53	10.73	Compare

See top fund managers for Real Estate Category Funds

Compare with Real Estate category ETFs

Some Real Estate ETFs for your consideration

ETF	Year to Date	One Year	Three Year
SPDR Dow Jones REIT ETF (RWR)	3.89%	9.97%	10.25%
iShares US Real Estate (IYR)	5.47%	8.55%	8.64%
Wilshire US REIT ETF (WREI)	4.51%	11.20%	10.78%
iShares Real Estate 50 (FTY)	4.72%	10.99%	9.37%
Schwab US REIT ETF (SCHH)	4.03%	10.20%	10.44%

Fidelity Real Estate Income (FRIFX) Fund Net Asset

Track net asset change of Fidelity Real Estate Income fund (FRIFX)

Date	Net Asset
05/2016	$4.54B
03/2016	$4.31B
02/2016	$4.13B

More historic net asset information on Fidelity Real Estate Income Fund (FRIFX)

Fidelity Real Estate Income (FRIFX) Fund Portfolio Allocation

Track portfolio allocation change of Fidelity Real Estate Income fund (FRIFX)

Date	Cash	Stock	Bond	Other
01/2016	9.64%	31.91%	36.26%	0%
10/2015	7.51%	31.72%	37.8%	0%
07/2015	7.56%	31.47%	38.41%	0%

Click here to see more historic asset allocation information on Fidelity Real Estate Income Fund (FRIFX)

Top 10 Holdings in Fidelity Real Estate Income (FRIFX) Fund

Discover what Fidelity Real Estate Income Fund (FRIFX) manager is buying

Jan 30, 2016

Equity Lifestyle Properties, In [4.23%]
Acadia Realty Trust Common Stoc [3.13%]
MFA Financial, Inc. [2.79%]
Ventas, Inc. Common Stock [2.04%]
W.P. Carey Inc. REIT [1.23%]
Vereit Pfd [1.17%]
Mid-America Apartment Communiti [1.16%]
Senior Housing Properties Trust [1.06%]
Terreno Realty Corporation Comm [0.95%]
Apartment Investment and Manage [0.94%]

Oct 30, 2015

Equity Lifestyle Properties, In [3.81%]
MFA Financial, Inc. [2.96%]
Acadia Realty Trust Common Stoc [2.94%]
Ventas, Inc. Common Stock [1.54%]
W.P. Carey Inc. REIT [1.32%]
Mid-America Apartment Communiti [1.21%]
Vereit Pfd [1.18%]
Lexington Realty Trust Common S [1.01%]
Senior Housing Properties Trust [0.99%]
Realogy Term B 03/05/20 [0.96%]

Jul 30, 2015

Equity Lifestyle Properties, In [3.56%]
MFA Financial, Inc. [3.04%]
Acadia Realty Trust Common Stoc [2.79%]
Ventas, Inc. Common Stock [1.48%]
Mid-America Apartment Communiti [1.16%]
Vereit Pfd [1.14%]
W.P. Carey Inc. REIT [1.11%]
Senior Housing Properties Trust [1.05%]
Realogy Term B 03/05/20 [1.03%]
Apartment Investment and Manage [0.98%]

Click here for Stock Holding Change Map in Fidelity Real Estate Income Fund (FRIFX)

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