Top Fidelity Mutual Fund
The investment aim of Fidelity Real Estate Investment Fund is to achieve above-average income and long-term capital growth with reasonable investment risk. The mutual fund utilizes its assets to purchase common stocks of companies principally engaged in the real estate industry and other real estate related investments.This sector stock 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 Fund Profile
- Fund Inception Date: 11/16/1986
- Ticker Symbol: FRESX
- CUSIP: 316138205
- Beta (3yr): 0.91
- Rank in category (YTD): 25%
- Category: Real Estate
- Distribution: 1.39%
- Capital Gains: 0%
- Expense Ratio: 0.84%
- Net Assets: $ 4.0 billion
- Number of Years Up: 20 years
- Number of Years Down: 6 years
- Annual Turnover Rate: 26%
As part of Fidelity’s fund family, this fund has large assets of $4.0 billion. The annual expense ratio is 0.84%. It has 12-month trailing yield of 1.39%. The most current distribution was given in June 2013 in the amount of $0.12. Steve J. Buller is the current fund manager. He has managed this FRESX fund since December 1997.
Real Estate Mutual Fund
Morningstar analysts rank this equity fund wit 3-stars and Bronze rating. This mutual fund has 5-year average return of 7.94%. Based on the load adjusted returns, it has returned 18.21% over the past 3-year and 10.78% over the past decade. Within 20 years of positive return, it has its best 1-year total return in 2004 with 34.15%. The worst return was occurred in 2008 with -38.21%.This top REIT mutual fund is one of the top Fidelity fund pick. It has no transaction fee or sales load. The minimum initial investment for either brokerage or retirement account is $2,500. This FRESX fund can be purchased from 84 brokerages. They are LPL SAM Eligible, T. Rowe Price, Td Ameritrade Inc, Scottrade Load, E Trade Financial, EP Fee Small, Merrill Lynch, etc.
The top 10 holdings represent 57.24% of the total portfolio as of June 2013. They are Simon Property Group Inc, Public Storage, Ventas Inc REIT, Prologis Inc REIT, Host Hotels & Resorts Inc, HCP Inc REIT, Equity Residential REIT, Avalonbay Communities Inc REIT, SL Green Realty Corp REIT and Kimco Realty Corporation.
Investing in mutual funds always carries some risks. The principal investment risks for investing in this fund are stock market volatility, foreign exposure, real estate industry concentration and issuer-specific changes.
Disclosure: No Position
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