An overall rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating Metrics as of the date stated. The number of funds in the Real Estate category tracked by Morningstar was 233 for the 3 year period and Overall Ranking; 205 for the 5 year period; and 99 for the 10 year period. Please click on the question mark above for additional Morningstar information.
Fund Picks (FRESX)
Fund Pick
This fund has been selected as a Fund Pick. Fund Picks from FidelitySM are chosen by Strategic Advisers, who apply Selection Criteria to funds in Morningstar Investment Categories.
Lipper Ranking (FRESX)
Lipper Ranking
as of 10/31/2009
1 Year
#55 out of 234 Real Estate
5 Year
#98 out of 170 Real Estate
10 Year
#21 out of 79 Real Estate
The fund is ranked based on total return. Each fund is ranked within a universe of funds with similar investment objectives. Rankings include the reinvestment of dividends and capital gains but exclude the effect of a fund's sales load, if applicable. Lipper Inc. is a nationally recognized organization that ranks the performance of mutual funds.
Past performance is no guarantee of future results.
No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect the interests of long-term shareholders of the fund. See Expenses & Fees for more information.
Before investing, consider the fund's investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully.