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FREFX Fidelity® Series Real Estate Equity F

  • Fund
  • FREFX
  • Price as of: Mar 27, 2017
  • $12.81
  • - $0.12
  • - 0.93%
  • Category
  • Real Estate

FREFX - Profile

Vitals

  • YTD Return -1.0%
  • 3 Yr Annualized Return 10.5%
  • 5 Yr Annualized Return 11.0%
  • Net Assets $1.26 B
  • Holdings in Top 10 46.4%

52 WEEK LOW AND HIGH

$12.81
$12.46
$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 -1.0%
  • 3 Yr Annualized Total Return 10.5%
  • 5 Yr Annualized Total Return 11.0%
  • 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 -1.0% -15.4% 9.7% 39.52% 3
1 Yr 14.3% -40.6% 34.3% 36.14% 2
3 Yr 10.5% * -12.2% 14.3% 30.13% 2
5 Yr 11.0% * -5.3% 13.4% 18.54% 1
10 Yr N/A * -5.5% 7.9% N/A N/A

* Annualized


Return Ranking - Calendar

Period FREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -3.6% -23.9% 8.6% 50.00% 3
2015 -5.6% -21.2% 21.0% 58.30% 4
2014 20.7% -7.8% 31.5% 61.43% 4
2013 -2.7% -23.2% 27.2% 47.52% 3
2012 13.9% 0.0% 40.4% 43.52% 3

Total Return Ranking - Trailing

Period FREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.0% -7.5% 9.7% 40.42% 3
1 Yr 14.3% -20.1% 90.7% 27.71% 2
3 Yr 10.5% * 0.7% 14.3% 27.51% 2
5 Yr 11.0% * 4.4% 15.5% 18.05% 1
10 Yr N/A * 0.0% 7.9% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period FREFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.4% -16.3% 9.4% 32.91% 2
2015 3.5% -13.5% 40.1% 38.53% 2
2014 40.3% -1.7% 82.5% 14.61% 1
2013 2.9% -28.3% 28.4% 30.30% 2
2012 30.3% 0.0% 117.5% 15.34% 1

NAV & Total Return History

FREFX - Holdings

Filings data as of: Jan 31, 2017

Concentration Analysis

FREFX Category Low Category High FREFX % Rank Quintile
Net Assets 1.26 B 3.39 M 64.8 B 9.88% 2
Number of Holdings 49 5 570 12.25% 3
Net Assets in Top 10 559 M 711 K 20.8 B 10.28% 2
Weighting of Top 10 46.4% 3.7% 172.8% 13.83% 2

Top 10 Holdings

  1. Simon Property Group Inc 10.15%
  2. Boston Properties Inc 5.03%
  3. Essex Property Trust Inc 2.76%
  4. Public Storage 3.86%
  5. Extra Space Storage Inc 4.14%
  6. Ventas Inc 5.07%
  7. AvalonBay Communities Inc 5.51%
  8. DCT Industrial Trust Inc 2.91%
  9. Urban Edge Properties 3.25%
  10. Mid-America Apartment Communities Inc 3.68%

Asset Allocation

Weighting Category Low Category High FREFX % Rank Quintile
Stocks
98.68% 1.09% 100.07% 12.65% 3
Cash
1.32% -109.96% 74.22% 13.44% 2
Preferred Stocks
0.00% 0.00% 49.75% 5.93% 4
Other
0.00% -0.64% 108.20% 13.04% 4
Convertible Bonds
0.00% 0.00% 4.59% 2.37% 4
Bonds
0.00% 0.00% 102.66% 4.74% 4

Stock Sector Breakdown

Weighting Category Low Category High FREFX % Rank Quintile
Real Estate
97.82% 0.00% 100.00% 7.11% 1
Communication Services
0.47% 0.00% 10.74% 12.65% 3
Consumer Cyclical
0.39% -0.68% 30.49% 18.18% 3
Utilities
0.00% 0.00% 16.80% 1.98% 4
Technology
0.00% 0.00% 6.08% 4.35% 4
Industrials
0.00% -0.50% 11.94% 3.56% 4
Healthcare
0.00% 0.00% 4.79% 5.93% 4
Financial Services
0.00% 0.00% 22.95% 3.56% 4
Energy
0.00% 0.00% 38.67% 1.98% 4
Consumer Defense
0.00% 0.00% 0.89% 1.58% 4
Basic Materials
0.00% 0.00% 34.03% 9.88% 4

Stock Geographic Breakdown

Weighting Category Low Category High FREFX % Rank Quintile
US
98.68% 1.00% 100.07% 12.65% 3
Non US
0.00% 0.00% 50.70% 9.49% 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% 56.13% 1
Management Fee 0.55% 0.07% 1.20% 11.46% 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% 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


Net Income Ratio Analysis

FREFX Category Low Category High FREFX % Rank Quintile
Net Income Ratio 2.14% -1.14% 5.13% 15.42% 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

5.36

Tenure Rank

13.3%

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


Tenure Analysis

Category Low

0.0

Category High

23.2

Category Average

7.33

Category Mode

2.2