Morningstar

Fidelity Advisor International Real Estate Fund - Class C FIRCX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $8.83  /  +0.46 %
  • Fund Size $292.7M
  • Adjusted Expense Ratio 1.930%
  • Net Expense Ratio 1.930%
  • Fee Level: Distribution Average
  • Share Class Type Level Load
  • Morningstar Category Global Real Estate
  • Equity Style Box (Funds) Mid Value
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 3.08%
  • Turnover Ratio 99%
NAV and 1-Day Return as of

Morningstar’s Analysis FIRCX

Will FIRCX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FIRCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FIRCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FIRCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Team turnover and an evolving process limit our confidence in the strategy,

Senior Analyst Kongkon Gogoi

Kongkon Gogoi

Senior Analyst

Summary

Fidelity International Real Estate is an acceptable choice for investors seeking international real estate exposure that excludes the US. However, notable turnover in the supporting team and the evolving balance between fundamental and quantitative inputs have reduced our conviction in the People Pillar, resulting in its downgrade to Average from Above Average, while Process Pillar continues to be Average.

by Kongkon Gogoi
Rated on Published on

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Portfolio Holdings FIRCX

More FIRCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 36.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
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