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.
Fidelity Advisor® Real Estate Income I FRIRX
NAV / 1-Day Return
13.42
/
0.15
%
Total Assets
6.7 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.740%
Expense Ratio
0.740%
Fee Level
Below Average
Longest Manager Tenure
2.41
years
Category
Real Estate
Investment Style
Mid ValueMin. Initial Investment
0
Status
Open
TTM Yield
3.55%
Turnover
32%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
