Fidelity Real Estate Income Fund (FRIFX)
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 | US3163898659 |
|---|---|
| CUSIP | 316389865 |
| Issuer | Fidelity |
| Inception Date | Feb 4, 2003 |
| Category | REIT |
| Min. Investment | $0 |
| Asset Class | Real Estate |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
FRIFX has a high expense ratio of 0.71%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Real Estate Income Fund, 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 Real Estate Income Fund had a return of 1.05% year-to-date (YTD) and 8.06% in the last 12 months. Over the past 10 years, Fidelity Real Estate Income Fund had an annualized return of 5.28%, while the S&P 500 had an annualized return of 10.84%, indicating that Fidelity Real Estate Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.05% | 10.00% |
| 1 month | 1.49% | 2.41% |
| 6 months | 7.50% | 16.70% |
| 1 year | 8.06% | 26.85% |
| 5 years (annualized) | 3.56% | 12.81% |
| 10 years (annualized) | 5.28% | 10.84% |
Monthly Returns
The table below presents the monthly returns of FRIFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.00% | 0.35% | 0.95% | -2.39% | 1.05% | ||||||||
| 2023 | 6.19% | -2.03% | -1.90% | 1.14% | -1.41% | 2.32% | 1.03% | -1.05% | -2.74% | -2.46% | 6.12% | 4.31% | 9.32% |
| 2022 | -2.83% | -1.94% | 1.37% | -3.08% | -1.01% | -4.78% | 4.40% | -2.31% | -6.69% | 0.00% | 3.32% | -1.52% | -14.54% |
| 2021 | 0.42% | 2.62% | 2.97% | 3.12% | 0.93% | 2.16% | 1.73% | 1.18% | -1.58% | 2.01% | -0.80% | 2.79% | 18.90% |
| 2020 | 1.44% | -2.76% | -24.52% | 8.82% | 2.87% | 4.40% | 2.88% | 2.16% | -0.75% | -0.81% | 6.97% | 2.71% | -1.09% |
| 2019 | 5.53% | 0.76% | 1.96% | 0.58% | 0.57% | 1.77% | 1.21% | 1.36% | 1.49% | 1.03% | -0.39% | 0.84% | 17.92% |
| 2018 | -2.17% | -2.05% | 1.18% | 0.26% | 1.89% | 1.80% | 0.75% | 1.58% | -0.74% | -1.10% | 1.28% | -3.17% | -0.65% |
| 2017 | 0.68% | 2.11% | -0.11% | 1.08% | 0.49% | 1.08% | 0.98% | 0.32% | 0.03% | -0.00% | 0.33% | 0.11% | 7.31% |
| 2016 | -1.78% | 0.45% | 4.43% | 0.52% | 1.90% | 2.38% | 2.84% | 0.08% | -0.03% | -0.99% | -1.33% | 1.47% | 10.20% |
| 2015 | 2.23% | -0.25% | 0.61% | -1.09% | 0.17% | -1.85% | 1.83% | -1.79% | 1.24% | 1.77% | 0.26% | -0.12% | 2.93% |
| 2014 | 2.17% | 2.56% | 0.53% | 1.38% | 1.61% | 0.79% | -0.34% | 1.43% | -1.12% | 3.13% | 0.76% | 0.27% | 13.90% |
| 2013 | 2.37% | 1.54% | 1.67% | 1.92% | -1.88% | -1.86% | 0.60% | -2.90% | 3.20% | 1.95% | -1.13% | 2.21% | 7.71% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FRIFX is 37, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FRIFX (Fidelity Real Estate Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Real Estate Income Fund (FRIFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Real Estate Income Fund granted a 4.84% dividend yield in the last twelve months. The annual payout for that period amounted to $0.56 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.58 | $0.67 | $0.20 | $0.56 | $0.71 | $0.71 | $0.66 | $0.59 | $0.75 | $0.91 | $1.14 |
Dividend yield | 4.84% | 4.99% | 6.04% | 1.47% | 4.77% | 5.68% | 6.33% | 5.47% | 4.98% | 6.67% | 7.81% | 10.31% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Real Estate Income Fund. 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.11 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.17 | $0.58 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.20 | $0.67 |
| 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 | $0.20 |
| 2020 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.35 | $0.56 |
| 2019 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.29 | $0.71 |
| 2018 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.25 | $0.71 |
| 2017 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.29 | $0.66 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.59 |
| 2015 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.25 | $0.75 |
| 2014 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.30 | $0.91 |
| 2013 | $0.05 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.50 | $1.14 |
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 Real Estate Income Fund. 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 Real Estate Income Fund was 39.77%, occurring on Mar 6, 2009. Recovery took 270 trading sessions.
The current Fidelity Real Estate Income Fund drawdown is 5.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.77% | Feb 21, 2007 | 513 | Mar 6, 2009 | 270 | Apr 1, 2010 | 783 |
| -34.5% | Feb 21, 2020 | 23 | Mar 24, 2020 | 244 | Mar 12, 2021 | 267 |
| -18.12% | Jan 3, 2022 | 204 | Oct 24, 2022 | — | — | — |
| -8.09% | May 22, 2013 | 75 | Sep 6, 2013 | 90 | Jan 15, 2014 | 165 |
| -7% | Jul 25, 2011 | 11 | Aug 8, 2011 | 93 | Dec 19, 2011 | 104 |
Volatility
Volatility Chart
The current Fidelity Real Estate Income Fund volatility is 1.43%, 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.