Fidelity� Real Estate Income Fund

 (MUTF:FRIFX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.24%  
1 week   +0.33%
   
4 week   +0.24%
   
3 month   +1.58%
   
YTD   +7.44%
   
1 year   +8.01%
   
3 years*   +7.48%
   
5 years*   +7.54%
   
*annualized
Best 3 month return+20.55%  
Worst 3 month return-28.34%  

Morningstar statistics

Morningstar category: Real Estate
  Return Risk Rating
3 years Below Average Low
5 years Below Average Low
10 years High Low
Overall Above Average Low
Morningstar style  Learn more
      Large
      Mid
      Small
Value Blend Growth  

Key statistics

Total assets5.40B 
Front load-  
Deferred load-  
Expense ratio0.78%  
Management fee-  
Fund familyFidelity Investments 

Asset allocation

Cash6.41%  
Stocks31.86%  
Bonds40.00%  
Preferred17.98%  
Convertible3.75%  
Other0.00%  

Purchase information

Initial$2,500  
IRA Initial$2,500  
12.31+0.01(0.08%)
Oct 16, 8:00PM EDT Overall Morningstar RatingTM

Description

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.
Fund filings (PDF) »
Asset manager:
Mark Snyderman (Started: Feb 4, 2003)
Advisor Company:
Fidelity Management & Research Company
Fund family reports on Morningstar »
Fidelity Investments, 483 Bay Street, Boston, MA 02109, USA
1-800-387-8092 (Fax)

Risk

  1 year 3 years 5 years 10 years  
Alpha* -2.93 5.26 4.34 5.11
Beta* 0.48 0.26 0.29 0.44
Mean annual return 0.48 0.63 0.62 0.64
R-squared* 41.77 30.67 31.88 58.22
Standard deviation 3.41 4.90 5.07 9.78
Sharpe ratio 1.48 1.46 1.43 0.74
* Against standard index

Top 10 holdings

Security Net Assets  
Equity Lifestyle Properties Inc (ELS) 3.12%  
Acadia Realty Trust (AKR) 2.35%  
MFA Financial Inc (MFA) 2.13%  
Ventas Inc (VTR) 2.06%  
Apartment Investment & Management Co (AIV) 1.95%  
Colony NorthStar Inc A (CLNS) 1.89%  
Senior Housing Properties Trust (SNH) 1.15%  
Mid-America Apartment Communities Inc (MAA) 1.14%  
Extra Space Storage Inc (EXR) 1.10%  
Vereit Pfd 0.99%