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.
Will FRIQX 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 FRIQX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FRIQX 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 FRIQX’s parent organization’s priorities and whether they’re in line with investors’ interests.