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FREFX Fidelity® Series Real Estate Equity F

  • Fund
  • FREFX
  • Price as of: Aug 08, 2016
  • $15.02
  • + $0.04
  • + 0.27%
  • Category
  • Real Estate

FREFX - Profile

Vitals

  • YTD Return 11.8%
  • 3 Yr Annualized Return 14.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $1.22 B
  • Holdings in Top 10 51.8%

52 WEEK LOW AND HIGH

$15.02
$11.95
$15.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.59%

SALES FEES

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

BROKERAGE FEES

  • Turnover 60.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 11.8%
  • 3 Yr Annualized Total Return 14.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.86%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Fidelity® Series Real Estate Equity Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Oct 20, 2011
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Samuel J. Wald

FREFX - Performance

Return Ranking - Trailing

Period FREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.8% -8.5% 15.8% 37.80% 2
1 Yr 18.9% -14.6% 34.3% 48.62% 3
3 Yr 14.0% * 5.6% 17.0% 49.30% 3
5 Yr N/A * 6.1% 14.1% N/A N/A
10 Yr N/A * 2.7% 10.5% N/A N/A

* Annualized

Return Ranking - Calendar

Period FREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.6% -23.9% 92.3% 60.53% 4
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period FREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.8% -8.5% 15.8% 39.41% 2
1 Yr 18.9% -19.4% 29.3% 35.57% 2
3 Yr 14.0% * 5.6% 17.0% 40.47% 3
5 Yr N/A * 6.1% 14.1% N/A N/A
10 Yr N/A * 2.7% 10.5% N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.6% -23.9% 92.3% 60.53% 4
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

FREFX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FREFX Category Low Category High FREFX % Rank Quintile
Net Assets 1.22 B 3.39 M 67.3 B 11.46% 2
Number of Holdings 48 5 530 14.62% 3
Net Assets in Top 10 614 M 711 K 22.5 B 10.67% 2
Weighting of Top 10 51.8% 3.7% 179.8% 6.32% 1

Top 10 Holdings

  1. Simon Property Group Inc 12.17%
  2. Boston Properties Inc 5.90%
  3. Essex Property Trust Inc 3.64%
  4. Public Storage 4.76%
  5. Extra Space Storage Inc 4.72%
  6. UDR Inc 3.52%
  7. Ventas Inc 5.81%
  8. Mid-America Apartment Communities Inc 3.67%
  9. AvalonBay Communities Inc 4.12%
  10. DCT Industrial Trust Inc 3.45%

Asset Allocation

Weighting Category Low Category High FREFX % Rank Quintile
Stocks 		100.00% 1.09% 108.08% 1.19% 1
Other 		0.00% -8.28% 108.20% 13.44% 4
Preferred Stocks 		0.00% 0.00% 41.93% 5.93% 4
Convertible Bonds 		0.00% 0.00% 4.96% 3.16% 4
Cash 		0.00% -121.66% 74.22% 25.69% 5
Bonds 		0.00% 0.00% 118.13% 4.35% 4

Stock Sector Breakdown

Weighting Category Low Category High FREFX % Rank Quintile
Real Estate 		99.00% 0.00% 100.26% 3.16% 1
Consumer Cyclical 		1.00% 0.00% 31.19% 11.46% 2
Financial Services 		0.00% 0.00% 13.39% 4.74% 4
Industrials 		0.00% -0.72% 11.94% 4.74% 4
Healthcare 		0.00% 0.00% 3.63% 5.53% 4
Technology 		0.00% 0.00% 5.40% 3.56% 4
Energy 		0.00% 0.00% 38.67% 2.37% 4
Communication Services 		0.00% 0.00% 9.58% 12.65% 5
Consumer Defense 		0.00% 0.00% 0.89% 1.98% 4
Utilities 		0.00% 0.00% 16.80% 1.98% 4
Basic Materials 		0.00% -0.07% 10.11% 10.67% 4

Stock Geographic Breakdown

Weighting Category Low Category High FREFX % Rank Quintile
US 		100.00% 1.00% 107.43% 1.19% 1
Non US 		0.00% 0.00% 43.95% 7.91% 4

FREFX - Expenses

Operational Fees

FREFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.59% 0.10% 11.43% 55.34% 1
Management Fee 0.55% 0.07% 1.31% 11.86% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

FREFX Fees (% of AUM) Category Low Category High FREFX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FREFX Fees (% of AUM) Category Low Category High FREFX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover 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.

FREFX Fees (% of AUM) Category Low Category High FREFX Rank Quintile
Turnover 60.00% 2.28% 880.00% 13.44% 3

FREFX - Distributions

Dividend Yield Analysis

FREFX Category Low Category High FREFX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.78% 38.08% 3

Dividend Distribution Analysis

FREFX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History

View More History

Net Income Ratio Analysis

FREFX Category Low Category High FREFX % Rank Quintile
Net Income Ratio 1.86% -1.42% 10.00% 18.18% 2

Capital Gain Distribution Analysis

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

FREFX - Managers

Samuel J. Wald

Manager

Start Date

Oct 20, 2011

Tenure

4.78

Tenure Rank

13.2%

Wald is a vice president and portfolio manager with Fidelity Investments. Since joining the firm in 1996, he has worked as a research analyst, associate portfolio manager and manager.

Tenure Analysis

Category Low

0.1

Category High

22.6

Category Average

7.02

Category Mode

1.6

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