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Fidelity Series Real Estate Income (FSREX)

11.60 Up 0.01(0.09%) Aug 29

Profile as of Jul 30, 2014Get Profile for:
Fidelity Series Real Estate Income
Fidelity Securities Fund82 Devonshire StreetBoston, MA 02109
Map
Phone: 800-544-8544
Fund Overview 
Category:Real Estate
Fund Family:Fidelity Investments
Net Assets:829.63M
Year-to-Date Return:7.55%
Yield:4.99%
Morningstar Rating:N/A
Fund Inception Date:Oct 20, 2011
Morningstar Style Box 
Real Estate
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Management Information 
Mark P. Snyderman
Lead Manager since Oct 20, 2011
Snyderman is a portfolio manager and senior investment office for Fidelity Investments since 1994. Before joining Fidelity, he served as a director at Aldrich, Eastman & Waltch from 1988 to 1994. Previously, Snyderman was a founder of Commercial Mortgage Corp., a commercial mortgage conduit company sponsored by First Boston and Bain & Co., from 1986 to 1988.
Investment Information 
Min Initial Investment:0
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:N/A
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
FSREX can be purchased from 6 brokerages.

Fund Summary 
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.

Fund Operations 
Last Dividend (Jun 5, 2014) : 0.13
Last Cap Gain : 0.00
Annual Holdings Turnover (Aug 27, 2014) : 25.00%
Average for Category:59.90%
Fees & Expenses 
ExpenseFSREXCategory Avg
Annual Report Expense Ratio (net):0.79%1.32%
Prospectus Net Expense Ratio:0.79%N/A
Prospectus Gross Expense Ratio:0.79%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A5.34%
Max Deferred Sales Load: N/A2.31%
3 Yr Expense Projection*:252587
5 Yr Expense Projection*:439897
10 Yr Expense Projection*:9781,811
* Per $10,000 invested