Fidelity Advisor Real Estate Income Fund Class Z (FIKMX)
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 Info
| ISIN | US3163893114 |
|---|---|
| Issuer | Fidelity |
| Inception Date | Oct 2, 2018 |
| Category | REIT |
| Min. Investment | $0 |
| Asset Class | Real Estate |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
FIKMX has a high expense ratio of 0.59%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: FIKMX vs. VNQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Real Estate Income Fund Class Z, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Advisor Real Estate Income Fund Class Z had a return of -0.75% year-to-date (YTD) and 6.28% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.75% | 5.21% |
| 1 month | -1.61% | -4.30% |
| 6 months | 9.22% | 18.42% |
| 1 year | 6.28% | 21.82% |
| 5 years (annualized) | 3.40% | 11.27% |
| 10 years (annualized) | N/A | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.00% | 0.35% | 0.95% | -2.37% | ||||||||
| 2023 | -2.44% | 6.05% | 4.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FIKMX is 39, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Fidelity Advisor Real Estate Income Fund Class Z(FIKMX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Advisor Real Estate Income Fund Class Z (FIKMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Advisor Real Estate Income Fund Class Z granted a 5.09% dividend yield in the last twelve months. The annual payout for that period amounted to $0.58 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.59 | $0.69 | $0.22 | $0.58 | $0.73 | $0.26 |
Dividend yield | 5.09% | 5.15% | 6.24% | 1.59% | 4.90% | 5.82% | 2.31% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Real Estate Income Fund Class Z. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.12 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.17 |
| 2020 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.36 |
| 2019 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.29 |
| 2018 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Real Estate Income Fund Class Z. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Advisor Real Estate Income Fund Class Z was 34.49%, occurring on Mar 24, 2020. Recovery took 243 trading sessions.
The current Fidelity Advisor Real Estate Income Fund Class Z drawdown is 7.05%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.49% | Feb 24, 2020 | 22 | Mar 24, 2020 | 243 | Mar 11, 2021 | 265 |
| -18.04% | Jan 3, 2022 | 204 | Oct 24, 2022 | — | — | — |
| -5.01% | Dec 7, 2018 | 12 | Dec 24, 2018 | 20 | Jan 24, 2019 | 32 |
| -2.27% | Sep 3, 2021 | 17 | Sep 28, 2021 | 25 | Nov 2, 2021 | 42 |
| -1.86% | May 10, 2021 | 3 | May 12, 2021 | 8 | May 24, 2021 | 11 |
Volatility
Volatility Chart
The current Fidelity Advisor Real Estate Income Fund Class Z volatility is 2.56%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.