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Morningstar

Fidelity Advisor® Real Estate Income I FRIRX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 11.70  /  0.26 %
  • Total Assets 4.8 Bil
  • Adj. Expense Ratio
    0.710%
  • Expense Ratio 0.710%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Real Estate
  • Investment Style Mid Growth
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.05%
  • Turnover 42%

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis FRIRX

Will FRIRX 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 FRIRX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FRIRX 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 FRIRX’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

| by David Kathman

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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