Fidelity� Real Estate Income Fund

 (MUTF:FRIFX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.08%  
1 week   +0.08%
   
4 week   +0.33%
   
3 month   +1.82%
   
YTD   +6.03%
   
1 year   +6.04%
   
3 years*   +6.79%
   
5 years*   +8.28%
   
*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 Average Low
10 years Above Average Low
Overall Average Low
Morningstar style  Learn more
      Large
      Mid
      Small
Value Blend Growth  

Key statistics

Total assets5.19B 
Front load-  
Deferred load-  
Expense ratio0.82%  
Management fee-  
Fund familyFidelity Investments 

Asset allocation

Cash8.19%  
Stocks30.55%  
Bonds39.32%  
Preferred17.43%  
Convertible4.51%  
Other0.00%  

Purchase information

Initial$2,500  
IRA Initial$2,500  
12.33-0.01(-0.08%)
Jul 24, 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* -3.69 4.96 4.99 4.54
Beta* 0.62 0.29 0.30 0.45
Mean annual return 0.62 0.56 0.69 0.59
R-squared* 63.46 35.40 32.92 57.24
Standard deviation 4.16 5.22 5.13 9.97
Sharpe ratio 1.64 1.23 1.57 0.66
* Against standard index

Top 10 holdings

Security Net Assets  
Equity Lifestyle Properties Inc (ELS) 3.35%  
Acadia Realty Trust (AKR) 2.30%  
MFA Financial Inc (MFA) 2.29%  
Ventas Inc (VTR) 2.09%  
Apartment Investment & Management Co (AIV) 1.82%  
Colony NorthStar Inc A (CLNS) 1.78%  
Senior Housing Properties Trust (SNH) 1.36%  
Extra Space Storage Inc (EXR) 1.09%  
Mid-America Apartment Communities Inc (MAA) 1.06%  
Vereit Pfd 1.03%