Fidelity Real Estate Index Fund (FSRNX) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 1.15: the stock has moved about 15% more than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerFidelity Real Estate Index Fund (FSRNX) trades at $16.56. Sector: Real estate.
Price as of · Last analyzed: Mar 17, 2026Analyst Coverage for FSRNX: FSRNX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Fidelity Real Estate Index Fund (FSRNX) Real Estate Portfolio & Strategy
Fidelity Real Estate Index Fund (FSRNX) offers investors broad exposure to the U.S. real estate market by mirroring the MSCI US IMI Real Estate 25/25 Index. With a focus on diversification across the real estate sector, the fund provides a passively managed investment option for those seeking real estate exposure.
What Is the Investment Thesis for FSRNX?
Fidelity Real Estate Index Fund (FSRNX) presents a straightforward investment thesis centered on mirroring the performance of the MSCI US IMI Real Estate 25/25 Index. Key value drivers include the fund's low expense ratio and diversified exposure to the U.S. real estate market. Growth catalysts are tied to the overall health and expansion of the real estate sector, including factors like population growth, urbanization, and interest rate movements. The fund's beta of 1.15 suggests it may be more volatile than the broader market. The absence of dividend yield may deter some income-focused investors. The fund's performance is directly linked to the index, making it susceptible to downturns in the real estate market.
Based on FMP financials and quantitative analysis
FSRNX Key Highlights
Market Cap: $3.15B, indicating a substantial asset base and significant investor interest.
- Beta: 1.15, suggesting the fund's price is more volatile than the overall market.
- Dividend Yield: None, meaning the fund does not distribute income to shareholders.
- Investment Strategy: The fund invests at least 80% of its assets in securities included in the MSCI US IMI Real Estate 25/25 Index, providing broad exposure to the U.S. real estate market.
- Expense Ratio: The fund offers a low-cost way to gain exposure to the real estate sector.
Who Are FSRNX's Competitors?
FSRNX is benchmarked below against 6 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| ARYCX American Century Real Estate Fund | $25.98 | -0.54% | $474M | — |
| BREFX Baron Real Estate Fund | $36.64 | +1.30% | $2.05B | — |
| FIREX Fidelity International Real Estate Fund | $9.32 | +0.98% | $287M | — |
| FREAX Nuveen Real Estate Securities Fund | $14.67 | +0.82% | $726M | — |
| NREAX Neuberger Berman Real Estate Fund | $14.11 | +1.00% | $559M | — |
| BEEP Mobile Infrastructure Corporation | $2.85 | -0.70% | $117M | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FSRNX's Key Strengths?
Diversified exposure to the U.S. real estate market.
- Low expense ratio.
- Passive management strategy.
- Tracks a well-known real estate index.
What Are FSRNX's Weaknesses?
No dividend yield.
- Performance is tied to the underlying index.
- Subject to market volatility.
- May be less flexible than actively managed funds.
What Are the Key Risks for FSRNX?
Economic recessions leading to decreased property values and rental income.
- Rising interest rates increasing borrowing costs for REITs and dampening demand for real estate.
- Changes in tax laws affecting the profitability of REITs.
- Market volatility impacting the fund's net asset value.
- Competition from other real estate investment options.
What Are FSRNX's Competitive Advantages?
- Low Expense Ratio: Attracts investors seeking cost-effective real estate exposure.
- Diversified Portfolio: Reduces risk by investing in a broad range of real estate companies.
- Passive Management: Offers a transparent and predictable investment approach.
- Index Tracking: Provides a reliable way to track the performance of the U.S. real estate market.
What Does FSRNX Do?
Fidelity Real Estate Index Fund (FSRNX) is a passively managed fund designed to track the performance of the MSCI US IMI Real Estate 25/25 Index. The fund was created to provide investors with a convenient and cost-effective way to invest in a diversified portfolio of U.S. real estate companies. The fund invests at least 80% of its assets in securities included in the index, which represents a broad range of real estate investment trusts (REITs) and other real estate-related companies. The MSCI US IMI Real Estate 25/25 Index is designed to capture the performance of the large, mid, and small capitalization segments of the U.S. equity universe that are classified in the Real Estate sector. The fund may also lend securities to generate additional income. FSRNX offers investors a way to gain exposure to the real estate market without directly owning physical properties, providing diversification and liquidity benefits.
What Products and Services Does FSRNX Offer?
- Invests at least 80% of its assets in securities included in the MSCI US IMI Real Estate 25/25 Index.
- Provides exposure to a diversified portfolio of U.S. real estate companies.
- Offers a passively managed investment approach.
- Seeks to replicate the performance of the underlying index.
- May lend securities to generate additional income.
- Provides investors with a convenient way to access the real estate market.
How Does FSRNX Make Money?
- Passively manages a portfolio of real estate securities.
- Tracks the performance of the MSCI US IMI Real Estate 25/25 Index.
- Generates returns through capital appreciation and income from underlying REITs.
- May earn additional income through securities lending.
What Industry Does FSRNX Operate In?
Fidelity Real Estate Index Fund operates within the real estate investment trust (REIT) and real estate sector, which is influenced by macroeconomic factors such as interest rates, economic growth, and demographic trends. The real estate sector is cyclical, experiencing periods of expansion and contraction. The competitive landscape includes other REIT ETFs and mutual funds, each with varying investment strategies and expense ratios. FSRNX competes with funds like ARYCX, BREFX, FIREX, FREAX, and NREAX. The growth of the real estate sector is tied to factors like urbanization, population growth, and demand for commercial and residential properties.
Who Are FSRNX's Key Customers?
- Individual investors seeking real estate exposure.
- Institutional investors looking for diversified real estate investments.
- Retirement savers seeking to add real estate to their portfolios.
- Financial advisors seeking to provide clients with real estate investment options.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
FSRNX Financials
Bull Case vs Bear Case
Bull Case
- Diversified exposure to the U.S. real estate market.
- Low expense ratio.
- Passive management strategy.
- Tracks a well-known real estate index.
Bear Case
- No dividend yield.
- Performance is tied to the underlying index.
- Subject to market volatility.
- May be less flexible than actively managed funds.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FSRNX Latest News
No recent news available for FSRNX.
FSRNX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for FSRNX.
Price Targets
Wall Street price target analysis for FSRNX.
FSRNX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for FSRNX; grades run from A+ (80-100) to F (below 30).
Fidelity Real Estate Index Fund Real Estate Stock: Key Questions Answered
What do analysts say about FSRNX stock?
As a passively managed index fund, FSRNX's performance is primarily evaluated based on its ability to track the MSCI US IMI Real Estate 25/25 Index. Analysts focus on the fund's tracking error, expense ratio, and liquidity. The fund's beta of 1.15 indicates it is more volatile than the broader market.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The information provided is based on publicly available data and fund documentation.