Outline of Fidelity Series Real Estate Equity Fund (FREDX)
Fidelity Series Real Estate Equity Fund (FREDX) invests the majority of its assets in real estate companies and in other real estate related investments. FREDX seeks long-term appreciation of capital and above-average income growth.
This Sector - Real Estate product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 9.2% and 5 year 9.2%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
FREDX’s performance, as of the last filing, when compared to funds in its category was in the top 21% over the past 3 years and in the top 15% over the past 5 years.
The Fidelity Series Real Estate Equity fund, as of the last filing, allocates their fund in top two major groups; Intermediate Bond and Small Value. Further, as of the last filing, Simon Property Group Inc, Ventas Inc and Avalonbay Communities Inc were the top holdings for FREDX.
This Zacks Rank #2 (Buy) was incepted in October 2011 and is managed by Fidelity. FREDX carries an expense ratio of 0.75% and requires a minimal initial investment of $0.
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