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FRESX Fidelity® Real Estate Investment Port

  • Fund
  • FRESX
  • Price as of: Dec 02, 2016
  • $40.42
  • + $0.35
  • + 0.87%
  • Category
  • Real Estate

FRESX - Profile

Vitals

  • YTD Return -0.4%
  • 3 Yr Annualized Return 11.3%
  • 5 Yr Annualized Return 11.8%
  • Net Assets $4.95 B
  • Holdings in Top 10 47.2%

52 WEEK LOW AND HIGH

$40.42
$36.45
$47.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

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

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 11.3%
  • 5 Yr Annualized Total Return 11.8%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.81%
DIVIDENDS
  • Dividend Yield 0.6%
  • 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 J. 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.

FRESX - Performance

Return Ranking - Trailing

Period FRESX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.4% -15.4% 9.7% 42.34% 3
1 Yr 6.9% -40.6% 34.3% 15.66% 1
3 Yr 11.3% * -8.0% 14.3% 5.94% 1
5 Yr 11.8% * 6.6% 14.6% 7.32% 1
10 Yr 4.9% * 0.5% 8.0% 36.87% 2

* Annualized


Return Ranking - Calendar

Period FRESX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.7% -23.9% 2.4% 12.18% 1
2014 27.9% -3.3% 31.5% 11.50% 1
2013 -0.7% -23.2% 27.2% 24.76% 2
2012 16.4% 0.0% 40.4% 12.44% 1
2011 7.5% -12.6% 10.2% 32.93% 2

Total Return Ranking - Trailing

Period FRESX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.7% -7.5% 9.7% 25.00% 2
1 Yr 6.9% -19.9% 90.7% 12.45% 1
3 Yr 11.3% * 1.2% 14.3% 5.02% 1
5 Yr 11.8% * 6.6% 14.6% 6.83% 1
10 Yr 4.9% * 0.5% 8.0% 34.64% 2

* Annualized


Total Return Ranking - Calendar

Period FRESX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 5.9% -13.5% 12.2% 4.70% 1
2014 34.9% 0.0% 82.5% 47.30% 3
2013 1.8% -28.3% 28.4% 54.46% 3
2012 22.4% 0.0% 117.5% 57.14% 3
2011 10.6% -17.1% 11881.8% 58.64% 3

NAV & Total Return History

FRESX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FRESX Category Low Category High FRESX % Rank Quintile
Net Assets 4.95 B 3.39 M 60.1 B 2.37% 1
Number of Holdings 50 5 546 13.04% 3
Net Assets in Top 10 2.5 B 711 K 20.7 B 2.77% 1
Weighting of Top 10 47.2% 3.7% 165.9% 12.65% 2

Top 10 Holdings

  1. Simon Property Group Inc 7.26%
  2. Public Storage 6.43%
  3. Host Hotels & Resorts Inc 3.69%
  4. Boston Properties Inc 4.07%
  5. Prologis Inc 5.59%
  6. Duke Realty Corp 4.69%
  7. Ventas Inc 4.61%
  8. UDR Inc 3.59%
  9. Welltower Inc 3.78%
  10. General Growth Properties Inc 3.45%

Asset Allocation

Weighting Category Low Category High FRESX % Rank Quintile
Stocks
98.46% 1.09% 100.05% 9.49% 2
Other
0.82% 0.00% 108.20% 11.86% 2
Cash
0.72% -109.96% 74.22% 20.55% 4
Convertible Bonds
0.00% 0.00% 5.31% 3.16% 4
Preferred Stocks
0.00% 0.00% 41.24% 5.53% 4
Bonds
0.00% 0.00% 103.96% 5.14% 4

Stock Sector Breakdown

Weighting Category Low Category High FRESX % Rank Quintile
Real Estate
98.46% 0.00% 100.00% 3.95% 1
Financial Services
0.00% 0.00% 17.94% 4.35% 4
Utilities
0.00% 0.00% 16.80% 2.37% 4
Industrials
0.00% -0.78% 11.94% 4.74% 4
Healthcare
0.00% 0.00% 4.20% 5.93% 4
Technology
0.00% 0.00% 5.45% 4.35% 4
Energy
0.00% 0.00% 38.67% 2.37% 4
Communication Services
0.00% 0.00% 15.32% 12.25% 5
Consumer Defense
0.00% 0.00% 0.89% 1.98% 4
Consumer Cyclical
0.00% 0.00% 25.74% 20.55% 5
Basic Materials
0.00% 0.00% 33.61% 9.49% 4

Stock Geographic Breakdown

Weighting Category Low Category High FRESX % Rank Quintile
US
98.46% 1.00% 100.05% 9.09% 2
Non US
0.00% 0.00% 51.51% 8.70% 4

FRESX - Expenses

Operational Fees

FRESX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.78% 0.10% 11.43% 51.78% 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

FRESX Fees (% of AUM) Category Low Category High FRESX 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

FRESX Fees (% of AUM) Category Low Category High FRESX Rank Quintile
Max Redemption Fee 0.75% 0.75% 2.00% 9.30% 1

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.

FRESX Fees (% of AUM) Category Low Category High FRESX Rank Quintile
Turnover 24.00% 2.28% 880.00% 20.95% 1

FRESX - Distributions

Dividend Yield Analysis

FRESX Category Low Category High FRESX % Rank Quintile
Dividend Yield 0.6% 0.00% 3.78% 5.86% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FRESX Category Low Category High FRESX % Rank Quintile
Net Income Ratio 1.81% -1.42% 10.00% 20.55% 2

Capital Gain Distribution Analysis

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

FRESX - Managers

Steve J. Buller

Manager

Start Date

Dec 31, 1997

Tenure

18.85

Tenure Rank

1.5%

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

0.2

Category High

22.8

Category Average

7.2

Category Mode

4.8