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Morningstar

Fidelity Advisor® Real Estate Income A FRINX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
11.27  /  0.79 %
Total Assets
4.9 Bil
Adj. Expense Ratio
0.980%
Expense Ratio
0.980%
Fee Level
Low
Longest Manager Tenure
3.75 years
Category
Real Estate
Investment Style
Mid Blend
Min. Initial Investment
0
Status
Open
TTM Yield
3.47%
Turnover
26%

USD | NAV as of Nov 28, 2022 | 1-Day Return as of Nov 28, 2022, 10:53 PM GMT+00:00

Morningstar’s Fund Analysis FRINX

Will FRINX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FRINX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FRINX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FRINX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still a solid fund in its niche, even after the lead manager's retirement.

Senior Analyst

Summary

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Fidelity Real Estate Income still has a lot going for it after its veteran manager turned over the reins to his longtime deputy, and expenses have continued to come down. The Morningstar Analyst Ratings of the I, Z, and no-load shares get an upgrade to Silver from Bronze, while the A and M shares remain Bronze, and the C shares remain Neutral.

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