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FRESX Fidelity® Real Estate Investment Port

  • Fund
  • FRESX
  • Price as of: Jul 19, 2019
  • $45.14 - $0.88 - 1.91%
  • Category
  • Real Estate

FRESX - Profile

Vitals

  • YTD Return 17.5%
  • 3 Yr Annualized Return -1.1%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $4.26 B
  • Holdings in Top 10 51.3%

52 WEEK LOW AND HIGH

$45.14
$36.92
$46.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.76%

SALES FEES

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

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 19.8%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.99%
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 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 (%)
YTD 17.5% 0.0% 25.5% 44.44%
1 Yr 8.0% -31.5% 16.0% 34.39%
3 Yr -1.1%* -18.0% 5.3% 27.81%
5 Yr 3.5%* -10.8% 20.9% 15.43%
10 Yr 13.0%* 2.9% 17.6% 2.42%

* Annualized


Return Ranking - Calendar

Period FRESX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.1% -44.0% -3.2% 20.86%
2017 0.3% -16.4% 25.4% 51.34%
2016 2.7% -17.0% 8.6% 17.11%
2015 -0.7% -18.1% 2.4% 13.98%
2014 27.9% -3.3% 115.9% 14.62%

Total Return Ranking - Trailing

Period FRESX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.8% 0.0% 25.5% 32.80%
1 Yr 12.3% -30.5% 16.9% 17.99%
3 Yr 3.2%* -17.5% 8.4% 25.67%
5 Yr 7.9%* -10.4% 20.9% 9.14%
10 Yr 16.4%* 2.9% 17.6% 2.42%

* Annualized


Total Return Ranking - Calendar

Period FRESX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.7% -43.3% -1.9% 18.18%
2017 4.3% -13.6% 32.7% 53.48%
2016 7.7% -12.3% 10.2% 13.90%
2015 6.1% -15.2% 7.6% 3.23%
2014 30.1% -3.3% 115.9% 24.56%

NAV & Total Return History

FRESX - Holdings

Concentration Analysis

FRESX Category Low Category High FRESX % Rank
Net Assets 4.26 B 10.8 M 64.2 B 12.17%
Number of Holdings 46 21 684 51.32%
Net Assets in Top 10 2.14 B 3.47 M 27 B 9.52%
Weighting of Top 10 51.33% 11.4% 153.5% 13.76%

Top 10 Holdings

  1. Prologis Inc 9.67%

  2. UDR Inc 5.45%

  3. Boston Properties Inc 5.00%

  4. Welltower Inc 4.92%

  5. Ventas Inc 4.82%

  6. Digital Realty Trust Inc 4.57%

  7. Duke Realty Corp 4.54%

  8. Equity Residential 4.32%

  9. AvalonBay Communities Inc 4.19%

  10. Equity Lifestyle Properties Inc 3.86%


Asset Allocation

Weighting Return Low Return High FRESX % Rank
Stocks
97.21% 15.22% 100.19% 86.24%
Cash
2.79% -108.27% 18.56% 8.99%
Preferred Stocks
0.00% 0.00% 53.32% 37.04%
Other
0.00% -0.61% 1.05% 46.56%
Convertible Bonds
0.00% 0.00% 6.10% 37.57%
Bonds
0.00% 0.00% 108.20% 39.15%

Stock Sector Breakdown

Weighting Return Low Return High FRESX % Rank
Real Estate
96.16% 13.33% 100.00% 44.44%
Consumer Cyclical
0.59% -0.45% 30.36% 38.62%
Utilities
0.00% 0.00% 0.01% 32.28%
Technology
0.00% 0.00% 9.65% 51.32%
Industrials
0.00% -0.04% 7.88% 41.27%
Healthcare
0.00% 0.00% 4.37% 34.39%
Financial Services
0.00% 0.00% 13.79% 40.74%
Energy
0.00% 0.00% 5.47% 32.80%
Communication Services
0.00% 0.00% 10.54% 66.14%
Consumer Defense
0.00% 0.00% 0.23% 32.80%
Basic Materials
0.00% -0.10% 11.72% 43.39%

Stock Geographic Breakdown

Weighting Return Low Return High FRESX % Rank
US
96.20% 15.22% 100.00% 83.60%
Non US
1.01% 0.00% 46.93% 15.34%

FRESX - Expenses

Operational Fees

FRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.00% 29.08% 91.01%
Management Fee 0.54% 0.00% 1.20% 13.23%
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 2.50% 5.75% 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 0.75% 0.75% 2.00% 80.65%

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 Return Low Category Return High Rank in Category (%)
Turnover 20.00% 3.00% 877.00% 11.11%

FRESX - Distributions

Dividend Yield Analysis

FRESX Category Low Category High FRESX % Rank
Dividend Yield 0.00% 0.00% 0.05% 94.71%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FRESX Category Low Category High FRESX % Rank
Net Income Ratio 1.99% -0.10% 5.36% 27.51%

Capital Gain Distribution Analysis

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

FRESX - Managers

Steve J. Buller

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1997

21.51

21.5%

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

0.0

Category High

25.5

Category Average

8.65

Category Mode

13.5