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Real Estate Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-12-2024)
$15.10
Change
-$0.04 (-0.24%)

As at March 31, 2024

As at December 31, 2023

As at February 29, 2024

Period
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Legend

Fidelity Global Real Estate Fund Series B

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Fund Returns

Inception Return (May 04, 2006): 3.31%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 3.32% -2.70% -1.44% 1.51% 7.78% -4.39% 1.62% 5.13% 1.05% 3.20% 3.05% 2.73% 2.74% 5.31%
Benchmark 2.80% 0.06% 14.73% 0.06% 8.93% -3.29% 3.38% 7.36% 1.37% 3.87% 3.14% 3.10% 3.30% 6.15%
Category Average 2.11% 12.37% 12.37% 0.80% 4.81% -5.98% 1.05% 5.52% 1.26% 3.30% 3.15% 3.14% 2.89% 4.91%
Category Rank 24 / 137 39 / 137 18 / 137 39 / 137 25 / 132 28 / 130 56 / 122 67 / 116 71 / 114 57 / 98 53 / 93 60 / 92 46 / 80 37 / 73
Quartile Ranking 1 2 1 2 1 1 2 3 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 2.00% -3.70% 0.24% 2.25% -0.94% -5.70% -1.44% 7.94% 6.15% -2.70% 0.97% 3.32%
Benchmark 2.01% -3.76% 0.71% 3.22% -0.62% -6.39% -2.07% 8.53% 7.88% -3.79% 1.17% 2.80%

Best Monthly Return Since Inception

14.51% (January 2015)

Worst Monthly Return Since Inception

-16.56% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 24.47% 20.29% -3.11% 4.37% 1.80% 17.59% -8.10% 25.55% -21.17% 7.96%
Benchmark 30.89% 21.00% 1.59% 1.40% 2.74% 15.42% -11.04% 30.68% -19.44% 10.39%
Category Average 20.48% 11.96% 1.20% 5.38% 0.16% 19.52% -6.93% 27.77% -21.53% 6.48%
Quartile Ranking 2 2 4 3 2 4 4 4 2 2
Category Rank 21/ 73 20/ 78 80/ 92 62/ 93 32/ 98 85/ 106 91/ 116 94/ 122 34/ 122 47/ 132

Best Calendar Return (Last 10 years)

25.55% (2021)

Worst Calendar Return (Last 10 years)

-21.17% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 59.81
International Equity 23.85
Income Trust Units 15.54
Cash and Equivalents 0.78
Foreign Corporate Bonds 0.01
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Real Estate 98.66
Cash and Cash Equivalent 0.78
Consumer Services 0.27
Fixed Income 0.01
Other 0.28

Geographic Allocation

Geographic Allocation
Name Percent
North America 66.15
Asia 18.19
Europe 15.38
Other 0.28

Top Holdings

Top Holdings
Name Percent
Prologis Inc -
Equinix Inc -
Ventas Inc -
Public Storage -
Digital Realty Trust Inc -
Grainger PLC -
Mitsui Fudosan Co Ltd -
Kimco Realty Corp -
Welltower Inc -
Dream Industrial REIT - Units -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity Global Real Estate Fund Series B

Median

Other - Real Estate Equity

3 Yr Annualized

Standard Deviation 15.64% 15.40% 14.22%
Beta 0.93% 0.89% 0.91%
Alpha -0.02% 0.00% 0.00%
Rsquared 0.98% 0.97% 0.97%
Sharpe 0.01% 0.02% 0.34%
Sortino -0.02% -0.06% 0.33%
Treynor 0.00% 0.00% 0.05%
Tax Efficiency 79.20% 58.18% 91.13%
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 13.72% 15.64% 15.40% 14.22%
Beta 0.87% 0.93% 0.89% 0.91%
Alpha 0.00% -0.02% 0.00% 0.00%
Rsquared 0.98% 0.98% 0.97% 0.97%
Sharpe 0.26% 0.01% 0.02% 0.34%
Sortino 0.67% -0.02% -0.06% 0.33%
Treynor 0.04% 0.00% 0.00% 0.05%
Tax Efficiency 92.94% 79.20% 58.18% 91.13%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date May 04, 2006
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $18

Fund Codes

FundServ Code Load Code Sales Status
FID1101
FID1201

Investment Objectives

The Fund aims to achieve a high total investment return. It invests primarily in securities of companies anywhere in the world that participate in the real estate industry.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Invests in REITs, and in equity securities of companies that invest or operate primarily in the real estate sector, including companies that own, manage, develop, finance, and otherwise participate in the residential and commercial real estate industry. When buying and selling equity securities and REITs, may consider other factors about a company, including: >Financial condition. >Industry position. >Economic and market conditions.

Portfolio Manager(s)

Name Start Date
Steven J Buller 05-08-2006
Fidelity Management & Research Company LLC 02-06-2023

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian CIBC Mellon Trust Company
Registrar Fidelity Investments Canada ULC
Distributor Fidelity Investments Canada ULC
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.24%
Management Fee 1.85%
Load Front Fee Only
FE Max 1.00%
DSC Max -
LL Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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