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    Fidelity Real Estate Investment Port (FRESX)

    39.84 Down 0.32(0.80%) Oct 13

    Profile as of Sep 29, 2015Get Profile for:
    Fidelity Real Estate Investment Port
    Fidelity Devonshire Trust82 Devonshire StreetBoston, MA 02109
    Phone: 800-544-8544
    Fund Overview 
    Category:Real Estate
    Fund Family:Fidelity Investments
    Net Assets:4.17B
    Year-to-Date Return:-2.71%
    Morningstar Rating:4 stars
    Fund Inception Date:Nov 17, 1986
    Morningstar Style Box 
    Real Estate
    [View Category Definition]
    View Top Real Estate Funds
    About the Morningstar Style Box
    Management Information 
    Steve J. Buller
    Lead Manager since Dec 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.
    Investment Information 
    Min Initial Investment:2,500
    Min Initial Investment, IRA:2,500
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    FRESX can be purchased from 94 brokerages.

    Fund Summary 
    The investment seeks above-average income and long-term capital growth, consistent with reasonable investment risk. 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.

    Fund Operations 
    Last Dividend (Sep 10, 2015) : 0.18
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Oct 11, 2015) : 34.00%
    Average for Category:53.21%
    Fees & Expenses 
    ExpenseFRESXCategory Avg
    Annual Report Expense Ratio (net):0.78%1.33%
    Prospectus Net Expense Ratio:0.78%N/A
    Prospectus Gross Expense Ratio:0.78%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A5.35%
    Max Deferred Sales Load: N/A1.98%
    3 Yr Expense Projection*:249563
    5 Yr Expense Projection*:433899
    10 Yr Expense Projection*:9661,829
    * Per $10,000 invested