Fidelity Advisor Real Estate Income I (FRIRX)

Fund Assets	4.22B
Expense Ratio	0.669%
Min. Investment	$0.00
Turnover	16.00%
Dividend (ttm)	0.57
Dividend Yield	4.80%
Dividend Growth	0.18%
Payout Frequency	Quarterly
Ex-Dividend Date	Oct 2, 2026

Previous Close	11.92
YTD Return	1.35%
1-Year Return	2.64%
5-Year Return	12.64%
52-Week Low	11.84
52-Week High	12.61
Beta (5Y)	0.74
Holdings	619
Inception Date	Apr 14, 2010

About FRIRX

Fidelity Advisor Real Estate Income Fund – Class I is a diversified mutual fund that primarily targets income generation through investments in the real estate sector. Its principal objective is to deliver higher-than-average income, with a secondary goal of capital growth. The fund invests at least 80% of its assets in companies chiefly engaged in the real estate industry and related investments, including real estate investment trusts (REITs), preferred and common stocks, debt securities of real estate entities, as well as commercial and other mortgage-backed securities—with a particular emphasis on lower-quality debt instruments. This fund employs an actively managed, multi-asset strategy, offering exposure to both equity and fixed income assets within the real estate domain, which helps diversify risk while pursuing yield. It is classified within the global equity asset class and has notable allocations to domestic bonds and preferred stocks, along with a modest presence in foreign securities. The asset is significant within its market segment due to its sizable assets under management and focus on providing consistent quarterly income distributions. Overall, Fidelity Advisor Real Estate Income Fund – Class I serves as a specialized vehicle for investors seeking steady income streams from the real estate sector while maintaining some potential for capital appreciation.

• Fund Family: Fidelity
• Category: Real Estate
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FRIRX
• Share Class: Class I
• Index: S&P 500 TR

Performance

FRIRX had a total return of 2.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.34%.

Equivalent ETF

FRIRX has an equivalent ETF with the ticker symbol FREI, the Fidelity Real Estate Income ETF. This is an ETF from the same fund company that follows the same index. It has an expense ratio of 0.57% compared to 0.669% for FRIRX.

Symbol	Name	Expense Ratio
FREI	Fidelity Real Estate Income ETF	0.57%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FIKMX	Fidelity Advisor Real Estate Income Fund: Class Z	0.57%
FRIQX	Fidelity Advisor Real Estate Income Fund: Class M	0.94%
FRINX	Fidelity Advisor Real Estate Income Fund: Class A	0.94%
FRIOX	Fidelity Advisor Real Estate Income Fund: Class C	1.69%

Top 10 Holdings

14.20% of assets

Name	Symbol	Weight
Fidelity Cash Central Fund	n/a	2.96%
American Tower Corporation	AMT	1.81%
Welltower Inc.	WELL	1.60%
Equinix, Inc.	EQIX	1.58%
Prologis, Inc.	PLD	1.40%
Invitation Homes Inc.	INVH	1.17%
Equity LifeStyle Properties, Inc.	ELS	1.13%
Vivmark Residential	VMRK	1.01%
UDR, Inc.	UDR	0.79%
Ventas, Inc.	VTR	0.75%

Dividend History

Ex-Dividend	Amount	Pay Date
Oct 2, 2026	$0.141	Oct 5, 2026
Jul 10, 2026	$0.158	Jul 13, 2026
Apr 1, 2026	$0.109	Apr 2, 2026
Dec 19, 2025	$0.163	Dec 22, 2025
Oct 3, 2025	$0.146	Oct 6, 2025
Jul 11, 2025	$0.142	Jul 14, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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