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FREFX Fidelity® Series Real Estate Equity F

  • Fund
  • FREFX
  • Price as of: Dec 06, 2016
  • $12.91
  • + $0.09
  • + 0.70%
  • Category
  • Real Estate

FREFX - Profile

Vitals

  • YTD Return -3.9%
  • 3 Yr Annualized Return 11.1%
  • 5 Yr Annualized Return 11.6%
  • Net Assets $1.07 B
  • Holdings in Top 10 47.3%

52 WEEK LOW AND HIGH

$12.91
$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 64.00%

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 2.2%
  • 3 Yr Annualized Total Return 11.1%
  • 5 Yr Annualized Total Return 11.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.14%
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 -3.9% -15.4% 9.7% 89.52% 5
1 Yr 2.5% -40.6% 34.3% 71.08% 4
3 Yr 11.1% * -8.0% 14.3% 36.53% 2
5 Yr 11.6% * 1.3% 15.2% 21.57% 2
10 Yr N/A * -4.6% 7.7% 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% 2.4% 55.04% 3
2014 20.7% -3.3% 31.5% 61.06% 4
2013 -2.7% -23.2% 27.2% 48.06% 3
2012 13.9% 0.0% 40.4% 43.52% 3
2011 N/A -12.6% 10.2% N/A N/A

Total Return Ranking - Trailing

Period FREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.2% -7.5% 9.9% 48.33% 3
1 Yr 2.5% -19.9% 90.7% 52.61% 3
3 Yr 11.1% * 1.2% 14.4% 32.88% 2
5 Yr 11.6% * 7.3% 15.2% 20.10% 1
10 Yr N/A * 0.1% 7.7% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period FREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 3.5% -13.5% 12.2% 35.04% 2
2014 40.3% 0.0% 82.5% 14.41% 1
2013 2.9% -28.3% 28.4% 31.19% 2
2012 30.3% 0.0% 117.5% 15.34% 1
2011 N/A -17.1% 11881.8% N/A N/A

NAV & Total Return History

FREFX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

FREFX Category Low Category High FREFX % Rank Quintile
Net Assets 1.07 B 3.39 M 58.6 B 13.44% 2
Number of Holdings 53 5 546 12.25% 2
Net Assets in Top 10 517 M 711 K 20.7 B 12.25% 2
Weighting of Top 10 47.3% 3.7% 172.8% 12.65% 2

Top 10 Holdings

  1. Simon Property Group Inc 10.37%
  2. Boston Properties Inc 4.82%
  3. Essex Property Trust Inc 2.81%
  4. Public Storage 4.01%
  5. Extra Space Storage Inc 4.34%
  6. Ventas Inc 5.90%
  7. AvalonBay Communities Inc 5.67%
  8. DCT Industrial Trust Inc 3.18%
  9. Urban Edge Properties 3.27%
  10. Liberty Property Trust 2.94%

Asset Allocation

Weighting Category Low Category High FREFX % Rank Quintile
Stocks
98.75% 1.09% 100.05% 10.28% 2
Cash
1.25% -109.96% 74.22% 17.39% 3
Other
0.00% 0.00% 108.20% 17.00% 5
Convertible Bonds
0.00% 0.00% 5.31% 3.56% 4
Preferred Stocks
0.00% 0.00% 41.24% 6.72% 4
Bonds
0.00% 0.00% 103.96% 5.93% 4

Stock Sector Breakdown

Weighting Category Low Category High FREFX % Rank Quintile
Real Estate
98.22% 0.00% 100.00% 5.53% 1
Consumer Cyclical
0.62% 0.00% 25.74% 17.00% 3
Financial Services
0.00% 0.00% 17.94% 4.35% 4
Industrials
0.00% -0.77% 11.94% 4.74% 4
Healthcare
0.00% 0.00% 4.20% 5.93% 4
Technology
0.00% 0.00% 5.45% 4.74% 4
Energy
0.00% 0.00% 38.67% 2.37% 4
Communication Services
0.00% 0.00% 15.32% 15.02% 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% 0.00% 33.61% 10.28% 4

Stock Geographic Breakdown

Weighting Category Low Category High FREFX % Rank Quintile
US
98.75% 1.00% 100.05% 9.49% 2
Non US
0.00% 0.00% 51.51% 9.09% 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% 55.73% 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 64.00% 2.28% 880.00% 12.65% 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


Net Income Ratio Analysis

FREFX Category Low Category High FREFX % Rank Quintile
Net Income Ratio 2.14% -1.42% 10.00% 14.23% 1

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

5.12

Tenure Rank

18.2%

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

0.2

Category High

22.9

Category Average

7.25

Category Mode

1.9