FRIRX – Fidelity Advisor Real Estate Income I Investment Strategy | Morningstar

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Strategy

The investment seeks higher than average income; as a secondary objective, the fund also seeks capital growth. The fund is normally investing at least 80% of assets in debt and income-producing equity securities of companies principally engaged in the real estate industry and other real estate related investments. Debt securities include corporate bonds, government securities (including treasury securities), repurchase agreements, money market securities, mortgage and other asset-backed securities, loans and loan participations, and other securities, such as hybrids and synthetic securities, believed to have debt-like characteristics.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FREI	Fidelity Real Estate Income Fund ETF	ETF	Open	—	—	Jun 16, 2026	$46.75M	0.570%	—	—	—
FRIFX	Fidelity Real Estate Income Fund	No Load	Open	—		Feb 4, 2003	$1.22B	0.650%	Average	$0	−$53.44M
FRIRX	Fidelity Advisor Real Estate Income Fund - Class I	Institutional	Open	—		Apr 14, 2010	$1.21B	0.700%	Average	$0	−$137.61M
FIKMX	Fidelity Advisor Real Estate Income Fund - Class Z	Institutional	Open	—		Oct 2, 2018	$1.44B	0.570%	Low	$0	−$1.29B
FRINX	Fidelity Advisor Real Estate Income Fund - Class A	Front Load	Open	—		Apr 14, 2010	$257.43M	0.950%	Below Average	$0	−$21.96M
FRIQX	Fidelity Advisor Real Estate Income Fund - Class M	Front Load	Open	—		Apr 14, 2010	$30.06M	0.950%	Below Average	$0	−$4.87M
FRIOX	Fidelity Advisor Real Estate Income Fund - Class C	Level Load	Open	—		Apr 14, 2010	$21.00M	1.700%	Average	$0	−$4.93M

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