FRIFX Fees and Costs — Fidelity Real Estate Income Fund
Data updated: 2026-10-13
The net expense ratio is 0.65%: a 0.64% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $282K in broker commissions, 0.0053% of average net assets, and portfolio turnover was 16%.
FRIFX Fees and Expenses
Annual operating expenses and sales charges of FRIFX. Prospectus, as of September 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FRIFX Costs Over Time
On $10,000 invested in FRIFX, assuming 5% a year before costs, total costs come to $413 over 5 years, cutting the return by 0.69% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $226 | $413 |
| Value after costs | $10,431 | $11,350 | $12,350 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
FRIFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0053%
- Total broker commissions: $282K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 16%
FRIFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES FINANCIAL GROUP INC | $35K | 17.74% |
| JPMORGAN CHASE and CO | $25K | 12.61% |
| JONES and ASSOCIATES INC | $24K | 11.96% |
| MIZUHO FINANCIAL GROUP INC | $20K | 9.99% |
| GOLDMAN SACHS GROUP INC (THE) | $19K | 9.48% |
| MORGAN STANLEY | $18K | 9.36% |
| BANK OF AMERICA CORPORATION | $17K | 8.83% |
| CITIGROUP INC | $14K | 6.96% |
| BARCLAYS PLC | $13K | 6.53% |
| ROYAL BANK OF CANADA | $13K | 6.52% |
FRIFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $263.0M | 21.01% |
| WELLS FARGO and CO | $204.2M | 16.31% |
| TRUIST FINANCIAL CORP | $200.2M | 15.99% |
| MORGAN STANLEY | $170.7M | 13.63% |
| GOLDMAN SACHS GROUP INC (THE) | $123.1M | 9.83% |
| BANK OF AMERICA CORPORATION | $116.6M | 9.31% |
| US BANCORP DEL | $48.9M | 3.90% |
| CITIGROUP INC | $43.4M | 3.47% |
| SUSQUEHANNA INTERNATIONAL GROU P, LLP | $41.8M | 3.34% |
| BARCLAYS PLC | $40.3M | 3.22% |
Fidelity Real Estate Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIKMX | Class Z | 0.57% | none |
| FREI | C000276225 | 0.57% | — |
| FRIFX | Fidelity Real Estate Income Fund | 0.65% | — |
| FRIRX | Class I | 0.69% | none |
| FRINX | Class A | 0.94% | 4.00% |
| FRIQX | Class M | 0.94% | 4.00% |
| FRIOX | Class C | 1.69% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.