Fidelity Real Estate Investment Portfolio
FRESX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Fidelity Select Portfolios MA United States of America
- IPO Date
- Nov 14, 1986
- CIK
- 0000320351
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Real Estate Investment Portfolio (FRESX) is an open-end mutual fund that seeks above-average income and long-term capital growth, consistent with reasonable investment risk, by investing primarily in securities of companies principally engaged in the real estate industry and other real estate-related investments. The fund normally invests at least 80% of assets in common stocks of real estate investment trusts (REITs), real estate operating companies, and related entities, including those focused on commercial properties such as apartments, offices, hotels, industrial facilities, shopping centers, and healthcare; it may also allocate to mortgage REITs and other real estate debt or equity instruments. Managed in a non-diversified manner within the Morningstar Real Estate category, it emphasizes U.S. stocks comprising approximately 99.6% of assets, with a portfolio turnover rate of 35% as of mid-2025 and net assets exceeding $3 billion. Launched on November 17, 1986, the fund is domiciled in the United States and managed by Fidelity Investments, with Steve Buller serving as portfolio manager since December 31, 1997. Fidelity Investments, headquartered in Boston, Massachusetts, operates globally across North America, Europe, Asia, and Australia, serving individual and institutional investors seeking real estate sector exposure. The fund targets investors interested in income from dividends and capital appreciation from real estate equity markets, benchmarked against indices like the MSCI US IMI Real Estate 25/50. In the fiscal year ending July 31, 2025, the fund delivered a total return of 3.17%, outperforming its benchmark's 2.63% gain amid real estate market volatility. Net expense ratio stands at 0.64%-0.65%, with no front-end or deferred loads, and recent 12-month NAV range of $35.26-$42.72 as of November 2025. No major acquisitions, partnerships, funding rounds, or strategic shifts specific to the fund have been reported in the last 1-2 years; it continues under steady management with ongoing portfolio adjustments to maintain real estate focus.