Morningstar

Fidelity International Real Estate Fund FIREX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 9.29  /  −0.32 %
  • Total Assets 292.7M
  • Adj. Expense Ratio
    0.880%
  • Expense Ratio 0.880%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Global Real Estate
  • Investment Style Mid Value
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.02%
  • Turnover 99%

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FIREX

Will FIREX 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 FIREX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FIREX 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 FIREX’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 FIREX

More FIREX 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
Sector

Wing Tai Holdings Ltd

5.19 16M
Real Estate

Unibail-Rodamco-Westfield Act. SIIC ET STES FONC.EUROP.

4.56 14M
Real Estate

Goodman Group

4.47 14M
Real Estate

Tokyo Tatemono Co Ltd

4.41 14M
Real Estate

LEG Immobilien SE

4.29 13M
Real Estate

Charter Hall Retail REIT

3.65 11M
Real Estate

Parkway Life Real Estate Investment Trust

3.39 11M
Real Estate

Cash

2.58 8M
Cash and Equivalents

Healthcare & Medical Investment Corp

2.48 8M
Real Estate

Warehouses De Pauw SA

2.23 7M
Real Estate

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