Fidelity® Series Real Estate Income (FSREX)

11.28 +0.02  +0.18% Jan 28 USD
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Key Stats

Net Asset Value 11.28
Turnover Ratio 16.00%
1 Year Fund Level Flows 65.59M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 1.44% 2.85% 92
3M 2.38% 1.52% 22
6M 5.70% 8.69% 94
YTD 1.35% 2.08% 86
1Y 14.01% 20.76% 96
3Y 8.04% 9.15% 73
5Y 6.68% 5.61% 25
10Y -- 11.98% --
15Y -- 8.04% --
20Y -- 10.90% --
As of Jan. 28, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 5.45% 5.45% 0.00%
Stock 15.70% 15.70% 0.00%
Bond 47.27% 47.27% 0.00%
Convertible 6.51% 6.51% 0.00%
Preferred 24.99% 24.99% 0.00%
Other 0.08% 0.08% 0.00%
As of Oct. 31, 2019

Region Exposure

Americas 99.46%
North America 99.41%
Latin America 0.05%
Greater Europe 0.54%
United Kingdom 0.21%
Europe Developed 0.33%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.00%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of Oct. 31, 2019. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 0.00%
Communication Services 0.00%
Consumer Cyclical 0.71%
Consumer Defensive 0.00%
Energy 0.00%
Financial Services 3.30%
Healthcare 0.00%
Industrials 0.12%
Real Estate 95.87%
Technology 0.00%
Utilities 0.00%
As of Oct. 31, 2019

Stock Market Capitalization

Giant 7.95%
Large 20.39%
Medium 35.93%
Small 25.52%
Micro 10.22%
As of Oct. 31, 2019

Stock Style Exposure

Large Cap Value 7.76%
Large Cap Blend 4.99%
Large Cap Growth 16.81%
Mid Cap Value 8.66%
Mid Cap Blend 28.30%
Mid Cap Growth 0.53%
Small Cap Value 20.41%
Small Cap Blend 10.08%
Small Cap Growth 2.45%
As of Oct. 31, 2019

FSREX Bond Exposure

Government 0.00%
Corporate 65.41%
Securitized 28.09%
Municipal 0.00%
Cash 6.50%
Derivative 0.00%
As of Oct. 31, 2019

FSREX Bond Credit Quality Exposure

AAA 0.89%
AA 0.12%
A 4.08%
BBB 17.77%
BB 30.84%
B 21.47%
Below B 4.56%
As of Oct. 31, 2019

FSREX Bond Maturity Exposure

1 to 7 Days 0.00%
8 to 30 Days 1.92%
31 to 90 Days 0.34%
91 to 182 Days 0.92%
183 to 364 Days 1.27%
1 to 3 Years 9.65%
3 to 5 Years 17.86%
5 to 7 Years 17.33%
7 to 10 Years 11.08%
10 to 15 Years 5.06%
15 to 20 Years 8.36%
20 to 30 Years 22.30%
Over 30 Years 3.90%
As of Oct. 31, 2019
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
ELS Equity Lifestyle Properties Inc 1.35% 73.04 +0.95%
AMT American Tower Corp 1.25% 233.95 -1.36%
AIV Apartment Investment & Management Co 1.24% 53.49 +0.43%
-- Senior Housing Properties Trust 4.75% 1.20% -- --
VTR Ventas Inc 1.17% 57.95 -0.86%
-- RWT HOLDINGS INC 5.62% 1.04% -- --
-- Kennedy Wilson Inc 5.88% 1.01% -- --
IVRPC Invesco Mortgage Capital Inc Cum Conv Red Pfd Registered Shs Series -C- 0.99% -- --
CIMPB Chimera Investment Corp Series B 0.84% -- --
-- Great Ajax Corp. 7.25% 0.80% -- --
As of Oct. 31, 2019
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Basic Info

Investment Strategy
The investment seeks higher than average income; capital growth is a secondary objective. The fund normally invests 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. It invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. The fund invests in domestic and foreign issuers.
General
Security Type Mutual Fund
Oldest Share Symbol FSREX
Equity Style Mid Cap/Blend
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Real Estate
Prospectus Objective Specialty - Real Estate
Fund Owner Firm Name Fidelity Investments
Reports
One Page Report Download

Manager Info

Name Tenure
Mark Snyderman 8.20 yrs
William Maclay 0.75 yrs

Net Fund Flows

1M -449810.4
3M 72.74M
6M 70.25M
YTD 65.59M
1Y 65.59M
3Y 18.81M
5Y -33.77M
10Y --
As of Dec. 31, 2019

Risk Info

Beta (5Y) 0.1815
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) 2.318
Daily Value at Risk (VaR) 1% (All) 0.59%
Monthly Value at Risk (VaR) 1% (All) 2.63%

Fundamentals

General
Dividend Yield TTM (1-28-20) 5.45%
30-Day SEC Yield (12-31-19) 4.62%
7-Day SEC Yield --
Forecasted Dividend Yield 5.11%
Number of Holdings 561
Stock
Weighted Average PE Ratio 22.99
Weighted Average Price to Sales Ratio 6.451
Weighted Average Price to Book Ratio 1.921
Weighted Median ROE 11.39%
Weighted Median ROA 3.28%
Forecasted PE Ratio 22.94
Forecasted PS Ratio 5.201
Forecasted Price to Book Value 1.806
Number of Stock Holdings 48
Bond
Current Yield 5.32%
Yield to Maturity 4.89%
Effective Duration 1.93
Average Coupon 5.30%
Average Credit Score 15.00 (B)
Average Price 100.60
Number of Bond Holdings 342
As of Oct. 31, 2019

Comparables

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Attributes

Purchase Details
Open to New Investors No
Open to Existing Investors Yes
Minimum Initial Investment 0.00 USD
Minimum Subsequent Investment 0.00 USD
Fees
Actual 12B-1 Fee --
Actual Management Fee 0.00%
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
Key Dates
Inception Date 10/20/2011
Termination Date
Last Annual Report Date 7/31/2019
Last Prospectus Date 9/28/2019
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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