FIKMX

About FIKMX

Fidelity Advisor Real Estate Income Fund Class Z is an actively managed mutual fund that primarily targets the real estate sector. The fund’s main objective is to achieve higher than average income, with capital growth as a secondary goal. It invests at least 80% of its assets in companies engaged in real estate and in real estate-related securities, such as real estate investment trusts (REITs), debt securities of real estate entities, and various types of mortgage-backed securities. Notably, the fund places an emphasis on generating income through holdings in both preferred and common stocks, as well as lower-quality debt instruments tied to the real estate market. With a diversified portfolio typically comprising over 500 holdings, the fund spans a broad cross-section of the real estate industry and related financial instruments. It pays dividends quarterly, which can appeal to income-oriented investors, and has maintained a moderate expense ratio. Since its inception in 2018, this fund has provided exposure to the cyclical nature of real estate, offering participants a way to diversify their portfolios while targeting the income opportunities inherent in the real estate sector.