Fidelity Real Estate Index Fund (FSRNX)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Fidelity Real Estate Index Fund (FSRNX). Fidelity Real Estate Index Fund (FSRNX) aims to replicate the performance of the MSCI US IMI Real Estate 25/25 Index by investing at least 80% of its assets in its constituent securities. Market cap: 0, Sector: Real estate.
Last analyzed: Mar 17, 2026Fidelity 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.
Investment Thesis
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
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.
Competitors & Peers
Strengths
- Diversified exposure to the U.S. real estate market.
- Low expense ratio.
- Passive management strategy.
- Tracks a well-known real estate index.
Weaknesses
- No dividend yield.
- Performance is tied to the underlying index.
- Subject to market volatility.
- May be less flexible than actively managed funds.
Catalysts
- Potential changes in interest rates affecting real estate valuations.
- Shifts in demographic trends impacting housing and commercial real estate demand.
- Government policies and regulations related to real estate development and taxation.
- Potential infrastructure investments boosting property values in specific regions.
Risks
- 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.
Growth Opportunities
- Expansion of the Real Estate Market: The U.S. real estate market is projected to grow, driven by increasing urbanization and population growth. As the real estate market expands, the value of the underlying assets held by REITs within the MSCI US IMI Real Estate 25/25 Index is expected to increase, leading to potential capital appreciation for FSRNX. This growth is contingent on stable economic conditions and favorable interest rate environments.
- Increased Demand for REITs: REITs offer investors a way to participate in the real estate market without directly owning properties. As more investors seek diversification and income-generating assets, demand for REITs is expected to rise. This increased demand can drive up the prices of REITs held by FSRNX, contributing to the fund's overall performance. The growth of REITs is dependent on their ability to generate consistent income and maintain high occupancy rates.
- Technological Advancements in Real Estate: The real estate industry is undergoing a digital transformation, with technology playing an increasingly important role in property management, leasing, and investment. REITs that embrace technological innovation are likely to outperform their peers, leading to increased returns for FSRNX. This includes adopting technologies like AI, blockchain, and IoT to improve efficiency and reduce costs.
- Infrastructure Development: Investments in infrastructure projects, such as transportation and utilities, can stimulate economic growth and increase property values in surrounding areas. REITs that own properties in areas benefiting from infrastructure development are likely to see increased demand and rental income, boosting the performance of FSRNX. This growth is dependent on government policies and funding for infrastructure projects.
- Favorable Interest Rate Environment: Low interest rates can stimulate demand for real estate and make it easier for REITs to finance acquisitions and development projects. A favorable interest rate environment can lead to increased property values and rental income, benefiting FSRNX. However, rising interest rates can have the opposite effect, potentially dampening the fund's performance.
Opportunities
- Growth in the U.S. real estate market.
- Increased demand for REITs.
- Technological advancements in real estate.
- Favorable interest rate environment.
Threats
- Economic downturns.
- Rising interest rates.
- Changes in government regulations.
- Increased competition from other real estate funds.
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.
About FSRNX
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 They Do
- 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.
Business Model
- 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.
Industry Context
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.
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.
FSRNX Financials
FSRNX Price Today & Live Chart
Fidelity Real Estate Index Fund (FSRNX) stock price: Price data unavailable
FSRNX Latest News
No recent news available for FSRNX.
FSRNX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FSRNX.
Price Targets
Wall Street price target analysis for FSRNX.
FSRNX MoonshotScore
What does this score mean?
The MoonshotScore rates FSRNX's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Fidelity Real Estate Index Fund Real Estate Stock: Key Questions Answered
What does Fidelity Real Estate Index Fund do?
Fidelity Real Estate Index Fund (FSRNX) is designed to mirror the performance of the MSCI US IMI Real Estate 25/25 Index. The fund invests primarily in securities included in this index, providing investors with exposure to a diversified portfolio of U.S. real estate companies, including REITs. By tracking the index, FSRNX offers a passively managed approach to investing in the real estate sector, aiming to replicate the index's returns while maintaining a low expense ratio. The fund provides a convenient way for investors to access the real estate market without directly owning physical properties.
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. Investors may want to evaluate the overall health of the real estate sector and macroeconomic factors such as interest rates and economic growth when evaluating FSRNX. The absence of a dividend yield may be a consideration for income-focused investors.
What are the main risks for FSRNX?
The primary risks associated with FSRNX include economic downturns, rising interest rates, and changes in government regulations. Economic recessions can lead to decreased property values and rental income, negatively impacting the performance of REITs held by the fund. Rising interest rates can increase borrowing costs for REITs and dampen demand for real estate. Changes in tax laws can also affect the profitability of REITs. Additionally, the fund is subject to market volatility and competition from other real estate investment options. Investors should carefully consider these risks before investing in FSRNX.
What are the key factors to evaluate for FSRNX?
Evaluating FSRNX involves reviewing fundamentals, analyst consensus, and risk factors. Key strength: Diversified exposure to the U.S. real estate market. Primary risk to monitor: Economic recessions leading to decreased property values and rental income. This is not financial advice.
How frequently does FSRNX data refresh on this page?
FSRNX prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven FSRNX's recent stock price performance?
Recent price movement in Fidelity Real Estate Index Fund (FSRNX) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Diversified exposure to the U.S. real estate market. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider FSRNX overvalued or undervalued right now?
Determining whether Fidelity Real Estate Index Fund (FSRNX) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying FSRNX?
Before investing in Fidelity Real Estate Index Fund (FSRNX), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
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
Data provided for informational purposes only.
- The information provided is based on publicly available data and fund documentation.
- AI analysis is pending and may provide additional insights.