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Fidelity Real Estate Investment Port (FRESX)

41.25 -0.41 (-0.98%)
At close: 8:01 PM EDT

Fund Summary

The fund normally invests primarily in common stocks. It normally 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. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. The fund is non-diversified.

Fidelity Real Estate Investment Port

Boston MA 02109
82 Devonshire Street

Fund Overview

Category Real Estate
Fund Family Fidelity Investments
Net Assets 3.29B
YTD Return 14.16%
Yield 1.93%
Morningstar Rating
Inception Date Nov 17, 1986

Fund Operations

Last Dividend 0.39
Last Cap Gain 32.00
Holdings Turnover 34.00%
Average for Category --

Fees & Expenses

Expense FRESX Category Average
Annual Report Expense Ratio (net) 0.65% 1.08%
Prospectus Net Expense Ratio 0.65% --
Prospectus Gross Expense Ratio 0.65% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.10%
Max Deferred Sales Load -- 1.13%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Steven J. Buller, Lead Manager since December 31, 1997
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.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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