Fidelity Real Estate Investment Portfolio Fund (FRESX - MF report) a Zacks Rank #1 (Strong Buy) was created in November 1986 and is managed by the Fidelity Group. The objective of FRESX is to seek above-average income and long-term capital growth consistent with reasonable investment risk. FRESX seeks to provide a yield that exceeds the composite yield of the Standard and Poor's 500 Index. FRESX normally invests at least 80% of fund's total assets in equity securities of companies principally engaged in the real estate industry and other real estate related investments.

This Sector - Real Estate fund, as of the last filing, allocates their fund in four major groups; Intermediate Bond, Foreign Stock, Large Growth and Small Value. Further, as of the last filing, Public Storage, Simon Property Group Inc. and Digital Realty Trust Inc. were the top holdings for FRESX.

The Fidelity Real Estate Investment Portfolio fund, managed by Fidelity, carries an expense ratio of 0.79%, and requires a minimal initial investment of $2,500.

FRESX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 11.01% and 5 year 10.65%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .

FRESX’s performance, as of the last filing, when compared to funds in its category was in the top 1% in 1 year, top 4% over the past 3 years, and in the 4% over the past 5 years.