Fidelity Real Estate Income (FRIFX)
Fidelity Real Estate Income operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $12.16, up 0.00% on the session, giving a market capitalisation of $5.76B. Its beta of 0.65 implies it has historically moved less than the broad market.
This fund primarily allocates its capital to real estate-related assets. Its portfolio mainly consists of common and preferred stocks of Real Estate Investment Trusts (REITs), debt instruments from real estate entities, and a range of mortgage-backed securities (MBS), including commercial ones. A significant characteristic is its emphasis on lower-quality debt securities, often called high-yield or 'junk' bonds, which carry a higher risk profile. A core mandate requires at least 80% of the fund's assets to be invested in companies primarily involved in the real estate industry and other real estate-related holdings. The fund has the flexibility to invest in both domestic (U.S.) and foreign issuers.
Fidelity Real Estate Income is most often compared with the following Financial Services names: