| Ticker: | FRIFX |
| Manager: | Mark Snyderman |
| Manager Since: | 02/03 |
| NAV (05/22/2013): | 12.28 |
| Objective: | Equity - Sector Real Est |
| Peer: | RE MV |
| Net Assets ($mil): | 3274.04 |
| Inception: | 02/04/2003 |
FRIFX : Description
The fund was incepted in February 2003 and is managed by Fidelity Management & Research Inc. The fund seeks higher than average income and capital growth. The fund primarily invests its assets in preferred and common stocks of real estate investment trusts. The fund normally invests at least 80% of its assets in securities of companies principally engaged in the real estate industry and other real estate related investments. Dividends, if any, are distributed quarterly. Capital gains, if any, are distributed in September and December.
FRIFX : Composition - 05/13
| Stocks | 26.14% |
| Foreign Stocks | 1.20% |
| Cash | 10.06% |
| Bonds | 48.53% |
| Foreign Bonds | 0.00% |
| Preferred | 12.95% |
| Convertible | 3.98% |
| Other | -1.66% |
| Foreign Hedged | 0.00% |
FRIFX : Style Analysis - 05/13
| Large Growth | 11.30% |
| Large Value | 0.00% |
| Small Growth | 0.00% |
| Small Value | 22.23% |
| Foreign Stock | 11.30% |
| Emerging Market | 0.00% |
| Precious Metals | 0.00% |
| Intermediate Bond | 11.17% |
| High Yield Bond | 0.00% |
| Foreign Bond | 23.26% |
FRIFX : Risk Analysis
| Beta v. S&P 500 | 0.28 |
| Beta v. EAFE | 0.07 |
| Beta v. Barclays Agg Bond | 0.37 |
| Alpha 3 Yr | 8.69 |
| Alpha 5 Yr | 7.47 |
| R-Sq 3 Yr | 0.76 |
| R-Sq 5 Yr | 0.65 |
| Std Dev 3 Yr | 5.64 |
| Std Dev 5 Yr | 12.67 |
| Sharpe 3 Yr | 2.38 |
| Sharpe 5 Yr | 0.90 |
FRIFX : Fees
| Expense Ratio | 0.85 |
| % Max Load | NA |
| % Min Load | NA |
| % Deferred Load | NA |
| % Redemption | 0.75 |
| % Max 12 B1 Fee | 0.00 |
| % Max Mgt Fee | 0.56 |
FRIFX : Purchase Choices:
| Min Initial Investment | 2500 |
| Min Subsequent Investment | 0 |
FRIFX : Returns Analysis - Annual
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 11.30 | 11.80 | 11.51 | 11.95 | 10.29 | 6.61 | 9.21 | 10.40 | 10.25 | 12.28 | |
| Total Return (%) | 11.69 | 5.06 | 11.72 | -6.44 | -31.02 | 46.82 | 18.81 | 4.68 | 18.84 | 7.70 | |
| Annual Dividend Yield (%) | 4.78 | 4.95 | 4.93 | 6.08 | 8.37 | 4.61 | 4.67 | 4.92 | 4.47 | 4.11 | |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | 8.26 | 1.75 | -40.73 | -119.41 | 59.83 | 204.01 | 37.47 | 25.89 | 28.50 | -50.36 | |
| Rel Performance-Obj.Ret.(%) | -201.17 | -63.24 | -209.90 | 96.67 | 97.48 | 150.48 | -45.40 | 41.85 | -35.65 | -44.56 | |
| Ret.Quintile vs Obj(1 is best) | 5 | 5 | 5 | 1 | 1 | 1 | 4 | 3 | 3 | 5 | |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 592 | 613 | 644 | 432 | 275 | 698 | 1,279 | 1,679 | 2,613 | 3,274 | |
| Annual Turnover (%) | 61.00 | 27.00 | 26.00 | 45.00 | 32.00 | 47.00 | 28.00 | 25.00 | 27.00 | 22.00 | |
| Annual Dividend Paid ($) | 0.60 | 0.61 | 0.63 | 0.67 | 0.58 | 0.44 | 0.50 | 0.53 | 0.54 | 0.04 | |
| Annual Capital Gains Paid($) | 0.18 | 0.27 | 0.24 | 0.24 | 0.00 | 0.00 | 0.00 | 0.09 | 0.20 | 0.00 | |
FRIFX : Returns Analysis - Trailing Total Return
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | 1.91% | 5.21% | 9.37% | 7.70% | 18.77% | 13.37% | 10.74% | 8.36% | NA | NA |
| Ret. Percentile vs. Obj. (1 is best) | 93 | 91 | 95 | 93 | 47 | 81 | 2 | 87 | NA | NA |
FRIFX : Stock Portfolio Snapshot - 05/13
| Average Price/Earnings | 28.35 |
| Average Price/Book | 1.88 |
| Average EPS Growth | 30.05 |
| Average Market Value | 7,767.00 |
FRIFX : Stock Sector Breakout - 05/13
FRIFX : Top Holdings - 05/13
| Name | Weight | Shares |
|---|---|---|
| EQUITY LIFESTYLE PROPERTIES I | 1.80 | 815,830 |
| MFA FINANCIAL | 1.69 | 6,342,281 |
| ACADIA REALTY TRUST | 1.59 | 1,888,249 |
| VENTAS INC | 1.58 | 765,946 |
| PROLOGIS | 0.78 | 694,887 |
| LEXINGTON CORP PROPERTY INC | 0.91 | 2,916,782 |
| MFA MORTGAGE INVESTMENTS INC | 0.87 | 1,024,311 |
| CBL & ASSOCIATES PROPERTIES | 0.84 | 1,143,373 |
| ANNALY CAPITAL MANAGEMENT INC | 1.18 | 35,396,000 |