Fidelity Real Estate High Income Fund
Data updated: 2026-07-24
C000048884 — Fidelity Real Estate High Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Securitized (MBS/ABS/CMBS) Bond · $715.73M AUM · 0.75% expense ratio · 7.2% 1-yr return. From SEC regulatory filings.
C000048884 Fund Overview
Fidelity Real Estate High Income Fund is a US mutual fund managed by Fidelity Advisor Series I, categorised as Long Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Fidelity Advisor Series I
- Category: Long Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $715.73M
- 1-year return: 7.2%
- SEC CIK: 0000722574
- SEC series ID: S000017688
- Share class ID: C000048884
C000048884 Holdings
Top 10 holdings of Fidelity Real Estate High Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 3.96% |
| Bx Tr 2019-Oc11 | 1.90% |
| Bx Commercial Mortgage Trust 2020-Viva | 1.26% |
| Bx Commercial Mortgage Trust 2020-Viva | 1.22% |
| Swch Coml Mtg Tr 2025-Data | 1.08% |
| Nxpt Coml Mtg Tr | 1.05% |
| Bx Coml Mtg Tr 2024-Vlt5 | 1.04% |
| Hilton USA Tr 2016-Hhv | 0.90% |
| Bx 2024 Vlt4 | 0.88% |
| Bx Commercial Mortgage Trust 2025-Spot | 0.88% |
C000048884 Portfolio Allocation
Asset-class allocation of Fidelity Real Estate High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 93.2% |
| Cash & Equivalents | 4.0% |
| Fixed Income | 2.9% |
| Loans | 0.5% |
C000048884 Performance
Total returns for C000048884 (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.6% |
| 1 year | 7.2% |
| 3 years (annualised) | 7.4% |
| 5 years (annualised) | 3.7% |
C000048884 Risk Information
Risk metrics for C000048884, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.6%
C000048884 Costs and Fees
C000048884 costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 0.75%
- Portfolio turnover: 32%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000048884 Cashflows
Over the 12 months to 2026-02, Fidelity Real Estate High Income Fund had net outflows of $54.74M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $7.20M |
| 2026-01 | $7.04M |
| 2025-12 | $2.09M |
| 2025-11 | −$41.52M |
| 2025-10 | −$9.93M |
| 2025-09 | $41.69M |
C000048884 Debt Constituents
Largest debt holdings of Fidelity Real Estate High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| American Homes 4 Rent LP | 0.52% |
| Safehold Gl Holdings LLC | 0.41% |
| Nnn REIT, Inc. | 0.36% |
| Invitation Homes Operating Partnership LP | 0.35% |
| Kennedy-Wilson, Inc. | 0.30% |
| Kennedy-Wilson, Inc. | 0.23% |
| Americold Realty Operating Partnership LP | 0.22% |
| Essex Portfolio LP | 0.20% |
| RD Michigan Property Owner I LLC | 0.15% |
| Mpt Oper Partnership LP / Mpt Fin Corp. | 0.14% |
C000048884 Prospectus and SEC Filings
Official Fidelity Real Estate High Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.