Fidelity Real Estate Income is losing its longtime manager to retirement, but it will still be in good hands under his veteran deputy. We’re downgrading the Morningstar Analyst Rating of the I, Z, and no-load shares to Bronze from Silver, while the A and M shares remain Bronze, and the C shares remain Neutral.
Will FRIOX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FRIOX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FRIOX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FRIOX’s parent organization’s priorities and whether they’re in line with investors’ interests.