Investment objective & strategy
As of Sept. 24, 2025 · prospectusObjective. Fidelity Real Estate Index Fund seeks to provide investment results that correspond to the total return of equity REITs and other real estate-related investments.
Strategy. Normally investing at least 80% of assets in securities included in the MSCI US IMI Real Estate 25/25 Index. The MSCI US IMI Real Estate 25/25 Index is a modified market capitalization-weighted index of stocks designed to measure the performance of real estate companies in the MSCI US Investable Market 2500 Index. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Lending securities to earn income for the fund. Normally investing at least 80% of assets in securities included in the MSCI US IMI Real Estate 25/25 Index. The MSCI US IMI Real Estate 25/25 Index is a modified market capitalization-weighted index of stocks designed to measure the performance of real estate companies in the MSCI US Investable Market 2500 Index. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Lending securities to earn income for the fund.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| PROLOGIS INC REIT | — | $242.26M | 8.12% |
| WELLTOWER INC | — | $231.90M | 7.77% |
| AMERICAN TOWER CORP | — | $168.44M | 5.64% |
| EQUINIX INC | — | $134.91M | 4.52% |
| SIMON PROPERTY | — | $125.81M | 4.21% |
| DIGITAL REALTY TRUST INC | — | $110.81M | 3.71% |
| REALTY INCOME CORP REIT | — | $108.65M | 3.64% |
| CBRE GROUP INC - CL A | — | $102.71M | 3.44% |
| PUBLIC STORAGE | — | $88.83M | 2.98% |
| CROWN CASTLE INC | — | $77.00M | 2.58% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Fidelity SAI Real Estate Index Fund · FESIX | 99% | 0.07% |
| VANGUARD REAL ESTATE II INDEX FUND · VRTPX | 97% | 0.08% |
| Fidelity MSCI Real Estate Index ETF · FREL | 95% | 0.08% |
Advisers
| Firm | Role |
|---|---|
| Fidelity Management & Research Company LLC | Adviser |
| Geode Capital Management, LLC | Sub-adviser |
Footnotes
- Expense ratio as of September 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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