FRESX: Fidelity® Real Estate Investment Port

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FRESX Fidelity® Real Estate Investment Port


Profile

FRESX - Profile

Vitals

  • YTD Return 3.3%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $4.33 B
  • Holdings in Top 10 54.6%

52 WEEK LOW AND HIGH

$46.43
$40.75
$47.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.46%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Fidelity® Real Estate Investment Portfolio
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Nov 17, 1986
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steve Buller

Fund Description

The Fidelity Real Estate Investment Portfolio (FRESX) is an actively managed fund that seeks above-average income and long-term capital growth. In order to achieve its goal of providing a dividend yield higher than the S&P 500, the fund invests in real estate equites domiciled in the United States. FRESX’s management uses bottom-up and top-down analysis to craft a portfolio of dividend-paying REITs.

For income seekers, or those investors looking to add a dash of real estate exposure to their portfolios, the fund makes an excellent subcore choice. The fund is internally managed by Fidelity.


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Categories

Performance

FRESX - Performance

Return Ranking - Trailing

Period FRESX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -0.3% 4.1% 13.50%
1 Yr 14.1% -24.9% 46.4% 61.34%
3 Yr 3.6%* -17.2% 14.1% 46.78%
5 Yr 0.8%* -15.4% 10.8% 34.98%
10 Yr 9.3%* -3.6% 14.8% 23.13%

* Annualized

Return Ranking - Calendar

Period FRESX Return Category Return Low Category Return High Rank in Category (%)
2019 17.0% -22.7% 43.1% 56.39%
2018 -8.1% -44.0% 2.2% 28.57%
2017 0.3% -16.4% 25.4% 57.46%
2016 2.7% -28.0% 12.5% 21.76%
2015 -0.7% -19.4% 2.4% 14.65%

Total Return Ranking - Trailing

Period FRESX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -0.3% 4.1% 13.50%
1 Yr 14.1% -24.9% 46.4% 61.34%
3 Yr 5.9%* -16.5% 14.1% 37.77%
5 Yr 4.5%* -14.1% 10.8% 29.06%
10 Yr 12.2%* -1.4% 14.8% 8.21%

* Annualized

Total Return Ranking - Calendar

Period FRESX Return Category Return Low Category Return High Rank in Category (%)
2019 17.0% -22.7% 43.1% 56.39%
2018 -5.7% -43.3% 3.3% 23.41%
2017 4.3% -13.6% 31.4% 50.00%
2016 7.7% -12.3% 12.5% 18.06%
2015 6.1% -15.2% 7.7% 4.04%

NAV & Total Return History


Holdings

FRESX - Holdings

Concentration Analysis

FRESX Category Low Category High FRESX % Rank
Net Assets 4.33 B 1.7 M 70.1 B 13.39%
Number of Holdings 43 20 711 56.30%
Net Assets in Top 10 2.4 B 961 K 29.2 B 8.15%
Weighting of Top 10 54.55% 10.9% 145.8% 13.33%

Top 10 Holdings

  1. Prologis Inc 10.85%
  2. UDR Inc 5.71%
  3. Welltower Inc 5.36%
  4. Digital Realty Trust Inc 5.36%
  5. Boston Properties Inc 5.25%
  6. Ventas Inc 5.03%
  7. Equity Residential 4.74%
  8. Duke Realty Corp 4.68%
  9. Equity Lifestyle Properties Inc 4.15%
  10. AvalonBay Communities Inc 3.42%

Asset Allocation

Weighting Return Low Return High FRESX % Rank
Stocks
99.72% 6.42% 124.18% 8.36%
Cash
0.28% -106.75% 19.21% 86.30%
Preferred Stocks
0.00% 0.00% 50.29% 28.89%
Other
0.00% -1.46% 91.23% 32.59%
Convertible Bonds
0.00% 0.00% 6.51% 19.26%
Bonds
0.00% -0.68% 97.77% 24.00%

Stock Sector Breakdown

Weighting Return Low Return High FRESX % Rank
Real Estate
99.52% 38.43% 100.00% 36.64%
Communication Services
0.48% 0.00% 9.00% 3.05%
Utilities
0.00% 0.00% 6.28% 15.65%
Technology
0.00% 0.00% 15.26% 44.66%
Industrials
0.00% 0.00% 9.41% 20.99%
Healthcare
0.00% 0.00% 4.80% 15.27%
Financial Services
0.00% 0.00% 6.66% 27.10%
Energy
0.00% 0.00% 3.67% 14.12%
Consumer Defense
0.00% 0.00% 0.22% 13.74%
Consumer Cyclical
0.00% 0.00% 33.77% 45.80%
Basic Materials
0.00% 0.00% 5.88% 19.47%

Stock Geographic Breakdown

Weighting Return Low Return High FRESX % Rank
US
98.84% 6.42% 124.18% 44.81%
Non US
0.88% 0.00% 33.73% 15.56%

Expenses

FRESX - Expenses

Operational Fees

FRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.74% 0.00% 135.20% 91.57%
Management Fee 0.54% 0.00% 1.50% 13.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 86.05%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 3.00% 877.00% 23.40%

Distributions

FRESX - Distributions

Dividend Yield Analysis

FRESX Category Low Category High FRESX % Rank
Dividend Yield 0.04% 0.00% 6.24% 76.28%

Dividend Distribution Analysis

FRESX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

FRESX Category Low Category High FRESX % Rank
Net Income Ratio 2.46% -0.10% 5.67% 19.16%

Capital Gain Distribution Analysis

FRESX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FRESX - Fund Manager Analysis

Managers

Steve Buller


Start Date

Tenure

Tenure Rank

Dec 31, 1997

22.01

22.0%

Steven Buller is a vice president and portfolio manager for Fidelity Investments. Mr. Buller manages Fidelity Real Estate Investment Portfolio and Fidelity International Real Estate Fund. Mr. Buller joined Fidelity in 1992 as an analyst in the High Income Group, where he followed a variety of industries and later focused on distressed and bankrupt securities. Born in 1967, Mr. Buller received a Bachelor of Arts degree in Finance and German literature in 1990 and a Master of Science degree in Finance in 1992, both from the University of Wisconsin.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 26.01 7.9 0.12