Fidelity Series Real Estate Income Fund
Fund
FSREX
Price as of:
$10.01
- $0.03
- 0.30%
Primary Theme
fund company
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.6%
1 yr return
15.8%
3 Yr Avg Return
2.0%
5 Yr Avg Return
4.2%
Net Assets
$268 M
Holdings in Top 10
13.2%
52 WEEK LOW AND HIGH
$10.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio N/A
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 23.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FSREX - Profile
Distributions
- YTD Total Return 9.6%
- 3 Yr Annualized Total Return 2.0%
- 5 Yr Annualized Total Return 4.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.21%
- Dividend Yield 6.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity Series Real Estate Income Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateOct 26, 2011
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWilliam Maclay
Fund Description
Normally investing primarily in preferred and common stocks of real estate investment trusts (REITs); debt securities of real estate entities; and commercial and other mortgage-backed securities, with an emphasis on lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. Investing in domestic and foreign issuers. Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
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FSREX - Performance
Return Ranking - Trailing
| Period | FSREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.6% | -8.7% | 22.6% | 32.52% |
| 1 Yr | 15.8% | -9.5% | 45.1% | 87.40% |
| 3 Yr | 2.0%* | -13.3% | 5.1% | 4.51% |
| 5 Yr | 4.2%* | -12.3% | 14.2% | 30.43% |
| 10 Yr | 5.5%* | -2.4% | 14.5% | 53.09% |
* Annualized
Return Ranking - Calendar
| Period | FSREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.5% | -16.2% | 24.6% | 84.49% |
| 2022 | -19.5% | -51.3% | 2.5% | 11.48% |
| 2021 | 11.7% | -7.7% | 52.3% | 89.71% |
| 2020 | -5.7% | -42.2% | 35.0% | 19.57% |
| 2019 | 8.6% | 0.0% | 43.1% | 82.51% |
Total Return Ranking - Trailing
| Period | FSREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.6% | -8.7% | 22.6% | 32.52% |
| 1 Yr | 15.8% | -9.5% | 45.1% | 87.40% |
| 3 Yr | 2.0%* | -13.3% | 5.1% | 4.51% |
| 5 Yr | 4.2%* | -12.3% | 14.2% | 30.43% |
| 10 Yr | 5.5%* | -2.4% | 14.5% | 53.09% |
* Annualized
Total Return Ranking - Calendar
| Period | FSREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.3% | -13.7% | 25.0% | 87.35% |
| 2022 | -11.8% | -40.7% | 7.8% | 8.61% |
| 2021 | 15.8% | 7.8% | 54.6% | 97.12% |
| 2020 | 0.6% | -36.6% | 44.3% | 10.43% |
| 2019 | 16.0% | 4.1% | 46.4% | 91.93% |
NAV & Total Return History
FSREX - Holdings
Concentration Analysis
| FSREX | Category Low | Category High | FSREX % Rank | |
|---|---|---|---|---|
| Net Assets | 268 M | 1.39 M | 61.4 B | 57.74% |
| Number of Holdings | 288 | 22 | 519 | 5.69% |
| Net Assets in Top 10 | 35 M | 1.29 M | 32.8 B | 84.96% |
| Weighting of Top 10 | 13.23% | 13.2% | 90.0% | 100.00% |
Top 10 Holdings
- MHP 2022-MHIL MEZZ SOFR+500 01/09/2025 2.59%
- Fidelity Cash Central Fund 2.21%
- BX TR 2019-OC11 4.075457% 12/09/2041 144A 1.20%
- LEXINGTON RLTY 6.5 CV PFD PERPPAR=50 1.17%
- INVITATION HOMES OPERATING PARTNERSHIP LP 5.5% 08/15/2033 1.15%
- VICI PROPERTIES LP / VICI NOTE CO INC 4.625% 12/01/2029 144A 1.13%
- MPT OPER PARTNERSHIP LP/CORP 5% 10/15/2027 1.00%
- Phillips Edison Grocery Center Operating Partnership I LP 2.625% 11/15/2031 0.95%
- CROWN CASTLE INC 5.1% 05/01/2033 0.94%
- CBRE SERVICES INC 5.95% 08/15/2034 0.89%
Asset Allocation
| Weighting | Return Low | Return High | FSREX % Rank | |
|---|---|---|---|---|
| Bonds | 72.88% | 0.00% | 155.83% | 4.88% |
| Preferred Stocks | 24.41% | 0.00% | 31.13% | 1.22% |
| Convertible Bonds | 5.05% | 0.00% | 10.95% | 0.82% |
| Cash | 2.72% | -42.50% | 24.34% | 20.73% |
| Stocks | 0.00% | 0.00% | 105.52% | 95.12% |
| Other | 0.00% | -89.90% | 104.09% | 77.24% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FSREX % Rank | |
|---|---|---|---|---|
| Real Estate | 99.56% | 34.46% | 100.00% | 43.59% |
| Technology | 0.44% | 0.00% | 12.02% | 17.95% |
| Utilities | 0.00% | 0.00% | 3.55% | 73.50% |
| Industrials | 0.00% | 0.00% | 7.39% | 75.21% |
| Healthcare | 0.00% | 0.00% | 0.53% | 73.08% |
| Financial Services | 0.00% | 0.00% | 37.05% | 76.07% |
| Energy | 0.00% | 0.00% | 33.11% | 74.36% |
| Communication Services | 0.00% | 0.00% | 11.61% | 76.92% |
| Consumer Defense | 0.00% | 0.00% | 0.93% | 73.50% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 83.76% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 74.79% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FSREX % Rank | |
|---|---|---|---|---|
| US | 0.00% | 0.00% | 105.52% | 95.12% |
| Non US | 0.00% | 0.00% | 37.90% | 78.46% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FSREX % Rank | |
|---|---|---|---|---|
| Corporate | 65.96% | 0.00% | 99.81% | 5.93% |
| Securitized | 27.84% | 0.00% | 96.61% | 3.39% |
| Cash & Equivalents | 2.21% | 0.00% | 100.00% | 21.81% |
| Derivative | 0.00% | -0.02% | 2.62% | 76.54% |
| Municipal | 0.00% | 0.00% | 3.24% | 74.58% |
| Government | 0.00% | 0.00% | 69.19% | 74.15% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FSREX % Rank | |
|---|---|---|---|---|
| US | 72.88% | 0.00% | 140.02% | 4.88% |
| Non US | 0.00% | 0.00% | 15.81% | 74.39% |
FSREX - Expenses
Operational Fees
| FSREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | N/A | 0.07% | 8.91% | 100.00% |
| Management Fee | 0.00% | 0.00% | 1.50% | 0.41% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| FSREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| FSREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| FSREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 23.00% | 0.11% | 380.00% | 25.11% |
FSREX - Distributions
Dividend Yield Analysis
| FSREX | Category Low | Category High | FSREX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.06% | 0.00% | 13.03% | 6.50% |
Dividend Distribution Analysis
| FSREX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| FSREX | Category Low | Category High | FSREX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.21% | -1.14% | 6.05% | 4.94% |
Capital Gain Distribution Analysis
| FSREX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 06, 2024 | $0.152 | OrdinaryDividend |
| Jun 07, 2024 | $0.153 | OrdinaryDividend |
| Mar 01, 2024 | $0.074 | OrdinaryDividend |
| Dec 08, 2023 | $0.250 | OrdinaryDividend |
| Sep 08, 2023 | $0.191 | OrdinaryDividend |
| Jun 02, 2023 | $0.179 | OrdinaryDividend |
| Mar 03, 2023 | $0.085 | OrdinaryDividend |
| Dec 09, 2022 | $0.228 | OrdinaryDividend |
| Sep 09, 2022 | $0.509 | OrdinaryDividend |
| Jun 03, 2022 | $0.168 | OrdinaryDividend |
| Mar 04, 2022 | $0.038 | OrdinaryDividend |
| Dec 10, 2021 | $0.193 | OrdinaryDividend |
| Sep 03, 2021 | $0.211 | OrdinaryDividend |
| Jun 04, 2021 | $0.016 | OrdinaryDividend |
| Dec 11, 2020 | $0.313 | OrdinaryDividend |
| Sep 04, 2020 | $0.190 | OrdinaryDividend |
| Jun 05, 2020 | $0.133 | OrdinaryDividend |
| Mar 06, 2020 | $0.019 | OrdinaryDividend |
| Dec 13, 2019 | $0.235 | OrdinaryDividend |
| Dec 13, 2019 | $0.005 | CapitalGainShortTerm |
| Dec 13, 2019 | $0.022 | CapitalGainLongTerm |
| Sep 06, 2019 | $0.165 | OrdinaryDividend |
| Sep 06, 2019 | $0.008 | CapitalGainShortTerm |
| Sep 06, 2019 | $0.087 | CapitalGainLongTerm |
| Jun 07, 2019 | $0.158 | OrdinaryDividend |
| Mar 08, 2019 | $0.057 | OrdinaryDividend |
| Dec 14, 2018 | $0.251 | OrdinaryDividend |
| Dec 14, 2018 | $0.004 | CapitalGainShortTerm |
| Dec 14, 2018 | $0.022 | CapitalGainLongTerm |
| Sep 07, 2018 | $0.151 | OrdinaryDividend |
| Sep 07, 2018 | $0.010 | CapitalGainShortTerm |
| Sep 07, 2018 | $0.134 | CapitalGainLongTerm |
| Jun 01, 2018 | $0.171 | OrdinaryDividend |
| Mar 02, 2018 | $0.010 | OrdinaryDividend |
| Dec 15, 2017 | $0.259 | OrdinaryDividend |
| Dec 15, 2017 | $0.073 | CapitalGainLongTerm |
| Sep 08, 2017 | $0.163 | OrdinaryDividend |
| Sep 08, 2017 | $0.085 | CapitalGainLongTerm |
| Jun 02, 2017 | $0.119 | OrdinaryDividend |
| Mar 03, 2017 | $0.063 | OrdinaryDividend |
| Dec 16, 2016 | $0.200 | OrdinaryDividend |
| Dec 16, 2016 | $0.005 | CapitalGainShortTerm |
| Dec 16, 2016 | $0.030 | CapitalGainLongTerm |
| Sep 09, 2016 | $0.141 | OrdinaryDividend |
| Sep 09, 2016 | $0.007 | CapitalGainShortTerm |
| Sep 09, 2016 | $0.135 | CapitalGainLongTerm |
| Jun 03, 2016 | $0.138 | OrdinaryDividend |
| Mar 04, 2016 | $0.053 | OrdinaryDividend |
| Dec 18, 2015 | $0.205 | OrdinaryDividend |
| Dec 18, 2015 | $0.021 | CapitalGainLongTerm |
| Sep 14, 2015 | $0.137 | OrdinaryDividend |
| Sep 14, 2015 | $0.004 | CapitalGainShortTerm |
| Sep 14, 2015 | $0.082 | CapitalGainLongTerm |
| Jun 08, 2015 | $0.139 | OrdinaryDividend |
| Mar 09, 2015 | $0.081 | OrdinaryDividend |
| Dec 22, 2014 | $0.226 | OrdinaryDividend |
| Dec 22, 2014 | $0.003 | CapitalGainShortTerm |
| Dec 22, 2014 | $0.026 | CapitalGainLongTerm |
| Sep 08, 2014 | $0.160 | OrdinaryDividend |
| Sep 08, 2014 | $0.049 | CapitalGainShortTerm |
| Sep 05, 2014 | $0.210 | CapitalGainLongTerm |
| Jun 09, 2014 | $0.134 | OrdinaryDividend |
| Mar 10, 2014 | $0.062 | OrdinaryDividend |
| Dec 27, 2013 | $0.006 | ExtraDividend |
| Dec 16, 2013 | $0.219 | OrdinaryDividend |
| Dec 16, 2013 | $0.004 | CapitalGainShortTerm |
| Dec 16, 2013 | $0.061 | CapitalGainLongTerm |
| Sep 06, 2013 | $0.164 | OrdinaryDividend |
| Sep 06, 2013 | $0.061 | CapitalGainShortTerm |
| Sep 06, 2013 | $0.116 | CapitalGainLongTerm |
| Jun 07, 2013 | $0.175 | OrdinaryDividend |
| Mar 01, 2013 | $0.079 | OrdinaryDividend |
| Dec 14, 2012 | $0.238 | OrdinaryDividend |
| Dec 14, 2012 | $0.062 | CapitalGainShortTerm |
| Dec 14, 2012 | $0.004 | CapitalGainLongTerm |
| Sep 07, 2012 | $0.168 | OrdinaryDividend |
| Sep 07, 2012 | $0.083 | CapitalGainShortTerm |
| Sep 07, 2012 | $0.010 | CapitalGainLongTerm |
| Jun 01, 2012 | $0.147 | OrdinaryDividend |
| Mar 02, 2012 | $0.061 | OrdinaryDividend |
| Dec 30, 2011 | $0.005 | ExtraDividend |
| Dec 28, 2011 | $0.004 | OrdinaryDividend |
| Dec 16, 2011 | $0.113 | OrdinaryDividend |
| Dec 16, 2011 | $0.010 | CapitalGainShortTerm |
FSREX - Fund Manager Analysis
Managers
William Maclay
Start Date
Tenure
Tenure Rank
Mar 31, 2019
3.17
3.2%
Mr.Maclay joined Fidelity Investments in 2001, and has worked as a research analyst and portfolio manager.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 28.42 | 8.3 | 2.68 |