This week, Sears (SHLD) and General Growth Properties (GGP) announced that they have entered into a real estate joint venture, bringing the REIT industry into the spotlight. To highlight this deal, we have chosen the Fidelity® Series Real Estate (FREDX) as this week’s fund of the week.
Inside the Fund
The fund was launched in 2011 and is managed by Samuel Wald. Currently, it has about $1.2 billion in assets under management (AUM).
This fund is composed primarily of REITs of various types that are based in the U.S.
Historical Performance
| 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|
| - | - | 18.41% | 1.89% | 5.56% |
Largest Holdings
Over 30% of the fund’s portfolio is composed of its top five holdings. These holdings are mostly positive YTD.
| Symbol | Stock | Portfolio Weight | 2015 Performance |
|---|---|---|---|
| SPG | Simon Property Group | 12.20% | +7% |
| BXP | Boston Properties | 5.84% | +8% |
| ESS | Essex Property Trust | 4.91% | +10% |
| SLG | SL Green Realty | 4.66% | +7% |
| HCP | HCP Inc | 4.66% | -2% |
The Bottom Line
For investors seeking exposure to the REIT industry, this fund may prove to be a well-rounded choice.
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