Fidelity Real Estate Income (FRIFX) Fund Ranking and Research

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

Last Trade: $11.87 on 2/26/2015, Change: -0.03 (-0.25%)

 

Fund Manager - Mark P. Snyderman

Fund Manager Information

Fund Manager Tenure: 12.1 years
Similar Funds: FRINX  FRIOX  FRIQX  FRIRX 
Fund Family: Fidelity Investments
Fund Category: Real Estate
Fund Performance: Jan 30, 2015
Fundmojo Fund Grade: C (Score: 0.52)     (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 fund’s 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 Jan 30, 2015

• Fidelity Real Estate Income Fund (FRIFX) management has been with Fidelity Real Estate Income Fund for 12.1 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 29.00% vs Real Estate average of 40.80%. 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 5.02, lower than category average of 12.45
• Fidelity Real Estate Income Fund (FRIFX) has a lower expense ratio than its Real Estate average: 0.83% vs 1.32%
• 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 Jan 30, 2015

• Fidelity Real Estate Income Fund (FRIFX) has a less-than-ideal short-term performance (1-year return 12.56% vs 33.16% Real Estate category median performance)
• Fidelity Real Estate Income Fund (FRIFX) has a less-than-ideal mid-term performance (3-year return 11.12% vs 15.27% Real Estate category median performance)
• Fidelity Real Estate Income Fund (FRIFX) has a less-than-ideal Long-term performance (5-year return 11.93% vs 18.94% 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 Jan 30, 2015

 

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	2.23	12.56	11.12	11.93
Cohen & Steers Real Estate Securities I (CSDIX)	5.60	35.25	17.43	19.71	Compare
E.I.I. Realty Securities Instl (EIIRX)	6.02	32.62	16.27	20.36	Compare
Nuveen Real Estate Securities I (FARCX)	6.14	33.90	16.22	19.92	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
iShares FTSE NAREIT Mort Plus Cp Idx (REM)	-0.34%	9.98%	8.69%
iShares Cohen & Steers Realty Majors (ICF)	7.22%	37.24%	15.36%
iShares FTSE NAREIT Resid Plus Cp Idx (REZ)	8.19%	37.08%	15.30%
Wilshire US REIT ETF (WREI)	4.90%	36.93%	16.32%
iShares FTSE EPRA/NAREIT North America (IFNA)	5.98%	36.46%	14.97%

 

Fidelity Real Estate Income (FRIFX) Fund Net Asset

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

Date	Net Asset
01/2015	$4.61B
12/2014	$4.45B
11/2014	$4.41B

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
10/2014	8.33%	32.11%	39.56%	0%
07/2014	7.53%	32.61%	40.27%	0.02%
04/2014	9.65%	31.58%	40.26%	0.02%

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

Oct 30, 2014 MFA Financial, Inc. [3.19%] Equity Lifestyle Properties, In [2.9%] Acadia Realty Trust Common Stoc [2.62%] Ventas, Inc. Common Stock [1.46%] Lexington Realty Trust Common S [1.08%] Apartment Investment and Manage [1.05%] W.P. Carey Inc. REIT [1.04%] Realogy Term B 03/05/20 [1.02%] Senior Housing Properties Trust [1.02%] Mid-America Apartment Communiti [1%]

Jul 30, 2014 MFA Financial, Inc. [3.19%] Equity Lifestyle Properties, In [2.68%] Acadia Realty Trust Common Stoc [2.38%] Ventas, Inc. Common Stock [1.57%] Lexington Realty Trust Common S [1.1%] Apartment Investment and Manage [1.06%] Mid-America Apartment Communiti [1.03%] CBL & Associates Properties, In [0.99%] W.P. Carey Inc. REIT [0.95%] Realogy Term B 03/05/20 [0.92%]

Apr 29, 2014 MFA Financial, Inc. [3.2%] EQTY LIFESTYLE PROPERTIES, INC [2.63%] Acadia Realty Trust Common Stoc [2.18%] Ventas, Inc. Common Stock [1.71%] Mid-America Apartment Communiti [1.11%] Apartment Investment and Manage [1.03%] CBL & Associates Properties, In [1.02%] Istar Finl 5.875% [0.93%] Lexington Realty Trust Common S [0.9%] Standard Pac Corp New 8.375% [0.87%]

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

  

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Popular pages on Fidelity Real Estate Income (FRIFX) Fund

• Fidelity Real Estate Income (FRIFX) Fund Research and Recommendation
• Fidelity Real Estate Income (FRIFX) Fund Performance Data
• Fidelity Real Estate Income (FRIFX) Fund Manager Information
• Historic Fidelity Real Estate Income (FRIFX) Fund Asset Allocation Report
• Historic Fidelity Real Estate Income (FRIFX) Fund Top 10 Holding Tracking
• Historic Fidelity Real Estate Income (FRIFX) Fund Asset Under Management Tracking