Fidelity Real Estate Income  FRIFX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Real Estate Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Medium
   Value
  
  
As of 2009-07-31
Day Change
$ -0.03
  
NAV (2009-11-10)
$ 9.06
  
YTD Return % (2009-11-10)
41.10%
  
Total Assets ($ mil)
611
View Data Definitions
  Performance    
Growth of $10,000 Fund: Fidelity Real Estate Income
(from 2003-02-04 to 2009-10-31) Category: Real Estate
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-10
Inception date: 2003-02-04 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-10
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 42.19 48.50 -2.48 1.93 --- 5.03
+/- Category 26.94 45.68 13.87 3.47 --- ---
+/- S&P 500 TR 18.67 -0.30 3.42 1.25 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 38.61 6.46 -2.41 1.74 --- 4.99
Month-End (as of 2009-10-31) 39.55 25.63 -2.85 1.66 --- 5.03
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 22.83 -4.97 -0.54 --- ---
On Distribution & Sale of Shares --- 16.27 -3.55 0.28 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 232 funds), (5 yrs : out of 204 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is 0.75%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 0.00
Software 0.00
Hardware 0.00
Media 0.00
Telecommunications 0.00
Service 100.00
Healthcare 4.19
Consumer Services 1.97
Business Services 0.00
Financial Services 93.84
Manufacturing 0.00
Consumer Goods 0.00
Industrial Materials 0.00
Energy 0.00
Utilities 0.00
Asset Allocation
% of Net Assets
Cash 7.6
Stocks 21.5
Bonds 47.5
Other 23.5
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-07-31 Data through 2009-07-31
 
Holding Status
Total Number of Stock Holdings 52 Turnover % 47
Total Number of Bond Holdings 206 30 Day SEC Yield % 5.06
% of Assets in Top 10 Holdings 14.92 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
Fidelity Cash Central Fund --- --- --- 7.01
MFA Mortgage Investments, Inc. 28.01 40.58 2.79
Bre Pptys 4.125% --- --- --- 1.54
Annaly Capital Management, Inc. 24.81 25.39 1.44
Ventas, Inc. 25.84 28.92 1.42
Mfa Mtg Invts Pfd --- --- 1.41
Lexington Master 144A 5.45% --- --- 1.33
Banc Amer Large Ln 2005-Mib1 CMO --- --- 1.33
Alexandria Real Estate Eq 144A Cv 3.7% --- --- 1.30
United Dominion Rlty Tr 3.625% --- --- 1.19
Data through 2009-07-31
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2003-02-04
Portfolio Manager  (Start Date)
Mark P. Snyderman  (2003-02-04)
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.
Sales Charge %
(taken from prospectus dated 2009-10-09)
Front: None
Deferred: None
Expense Ratio % 1.00
based on net assets
(taken from annual report dated 2009-07-31)
Correspondence Information
82 Devonshire St
Mailzone Z1c
Boston,  MA  02109
United States
Telephone:
800-544-9797
800-544-9797
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.