Fidelity Real Estate Index Fund
FSRNX
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
- Real Estate
- Industry
- Real Estate - General
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Sep 9, 2011
- CIK
- 0000035315
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Real Estate Index Fund (FSRNX) is an open-end mutual fund that seeks investment results that correspond to the total return performance of the MSCI US IMI Real Estate 25/50 Index, a free float-adjusted market capitalization index that represents the performance of equity real estate investment trusts (REITs) and real estate operating companies publicly traded in the U.S.. The fund invests at least 80% of its assets in common stocks included in the index, which emphasizes mid-cap blend real estate securities; it may also utilize stock index futures and options for investment purposes whose value corresponds to the index. Launched on September 8, 2011, and domiciled in the United States with institutional share class availability, the fund maintains a low net expense ratio of 0.07% and total net assets exceeding $2.76 billion, primarily allocated to U.S. stocks (99.53%) with minimal cash holdings. Operated by Fidelity Management & Research Company LLC under Fidelity Investments, headquartered in Boston, Massachusetts, the fund targets investors seeking passive exposure to the U.S. real estate sector through diversified holdings across REIT sub-sectors such as residential, office, retail, healthcare, and diversified real estate; top holdings typically include leading names like Prologis Inc., American Tower Corp., and Equinix Inc., comprising a significant portion of the portfolio. Geographically focused on North America (U.S.), it serves institutional and retail investors via platforms like Fidelity and third-party brokers such as Schwab, with no minimum initial investment requirement and availability in retirement accounts. The fund emphasizes low-cost indexing with high portfolio turnover aligned to index reconstitution, delivering benchmark-like performance in the Morningstar Real Estate category. No major strategic changes, such as acquisitions, partnerships, funding rounds, new product launches, or reorganizations, have been reported for the fund within the last 1-2 years; it continues to track its benchmark without notable deviations or share class alterations. Recent performance reflects sector volatility, with year-to-date returns around 3.01% as of mid-2025 amid fluctuating real estate market conditions influenced by interest rates and economic factors. Fund management remains stable, overseen by experienced portfolio managers with average tenure exceeding several years at Fidelity.