The fund's sub-adviser seeks to achieve its investment objectives by investing primarily in income-producing equity securities of real estate companies. It normally invests at least 80% of its assets in equity securities of companies principally engaged in the real estate industry that are economically tied to different countries throughout the world, including the United States. It is non-diversified.

DCREX

The Portfolio seeks to achieve exposure to a broad portfolio of securities of U.S. and non-U.S. companies in the real estate industry, with a focus on real estate investment trusts ("REITs") or companies that the Advisor considers to be REIT-like entities. It may pursue its investment objective by investing its assets in the DFA Real Estate Securities Portfolio, DFA International Real Estate Securities Portfolio (the "underlying funds"), and/or directly in securities of companies in the real estate industry.

DFGEX

The Portfolio, using a market capitalization weighted approach, purchases a broad and diverse set of securities of non-U.S. companies principally engaged in the real estate industry, including developed and emerging markets, with a particular focus on non-U.S. real estate investment trusts ("REITs") and companies the Advisor considers to be REIT-like entities. As a non-fundamental policy, under normal circumstances, at least 80% of the Portfolio's net assets will be invested in securities of companies in the real estate industry.

DFITX

DFREX

To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in publicly-traded equity securities of companies principally engaged in the real estate sector. It normally invests in a global portfolio of equity securities of real estate companies, including real estate investment trusts (REITs) and real estate operating companies, with principal places of business located in, but not limited to, the developed markets of Europe, Australia, Asia and North America (including the United States).

DRLIX

The investment seeks to provide above average current income and long-term capital appreciation. The fund normally invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in income-producing common stocks of publicly traded companies engaged in the real estate industry. The advisor expects to emphasize investments in equity REITs, although it may invest in all three kinds of REITs. It may invest up to 15% of its total assets in non-dollar denominated equity securities of non-U.S. issuers. Up to 15% of the fund's total assets may be invested in equity securities of emerging market issuers.

FARCX

The fund normally invests at least 80% of assets in securities included in the MSCI US IMI Real Estate 25/25 Index (the index). It lends securities to earn income for the fund.

FESIX

The fund invests primarily in common stocks. It invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. The fund is non-diversified.

FHEAX

The investment seeks above-average income and long-term capital growth, consistent with reasonable investment risk; it seeks to provide a yield that exceeds the composite yield of the S&P 500 Index. The fund invests primarily in common stocks. It invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. The fund is non-diversified.

FHECX

FHEIX

FHETX

FIKJX

The fund invests in securities issued throughout the world, including the United States. It normally invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. The fund normally invests primarily in common stocks.

FIKKX

The investment seeks capital appreciation. The fund normally invests primarily in non-U.S. securities. It invests primarily in common stocks. The fund invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. It allocates investments across different countries and regions. The fund uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. It is non-diversified.

FIKLX

The investment seeks higher than average income; and capital growth is the secondary objective. The fund normally invests primarily in preferred and common stocks of REITs; debt securities of real estate entities; and commercial and other mortgage-backed securities, with an emphasis on lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). It invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. The fund invests in domestic and foreign issuers.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
DCREX	Dunham Real Estate Stock Fund	REIT	Dec 10, 2004	2.37%	-6.88%	2.00%	1.85%
DFGEX	DFA Global Real Estate Securities Portfolio	REIT	Jun 3, 2008	0.14%	-9.35%	3.97%	3.70%
DFITX	DFA International Real Estate Securities	REIT	Feb 28, 2007	0.27%	-8.04%	0.72%	5.49%
DFREX	DFA Real Estate Securities Portfolio Class I	REIT	Jan 5, 1993	0.18%	-9.82%	5.64%	4.04%
DRLIX	BNY Mellon Global Real Estate Securities Fund	REIT	Dec 28, 2006	1.05%	-8.17%	3.90%	3.04%
FARCX	Nuveen Real Estate Securities Fund	REIT	Jun 30, 1995	0.97%	-9.76%	5.01%	3.81%
FESIX	Fidelity SAI Real Estate Index Fund	REIT	Feb 2, 2016	0.07%	-10.08%	—	4.30%
FHEAX	Fidelity Advisor Real Estate Fund Class A	REIT	Sep 12, 2002	1.07%	-10.51%	3.33%	2.39%
FHECX	Fidelity Advisor Real Estate Fund Class C	REIT	Sep 12, 2002	1.86%	-10.72%	2.49%	1.65%
FHEIX	Fidelity Advisor Real Estate Fund I Class	REIT	Sep 12, 2002	0.86%	-10.45%	3.61%	2.67%
FHETX	Fidelity Advisor Real Estate Fund Class M	REIT	Sep 12, 2002	1.29%	-10.57%	3.09%	2.20%
FIKJX	Fidelity Advisor Real Estate Fund Class Z	REIT	Oct 2, 2018	0.64%	-10.40%	—	2.83%
FIKKX	Fidelity Advisor Global Real Estate Fund Class Z	REIT	Oct 2, 2018	0.80%	-7.62%	—	2.76%
FIKLX	Fidelity Advisor International Real Estate Fund Cl...	REIT	Oct 2, 2018	0.79%	-8.24%	—	2.31%
FIKMX	Fidelity Advisor Real Estate Income Fund Class Z	REIT	Oct 2, 2018	0.59%	-1.72%	—	5.14%
FIRAX	Fidelity Advisor International Real Estate Fund Cl...	REIT	Apr 4, 2007	1.20%	-8.38%	2.52%	1.70%
FIRCX	Fidelity Advisor International Real Estate Fund Cl...	REIT	Apr 4, 2007	1.95%	-8.59%	1.65%	0.10%
FIREX	Fidelity International Real Estate Fund	REIT	Sep 8, 2004	0.95%	-8.27%	2.82%	2.03%
FIRIX	Fidelity Advisor International Real Estate Fund Cl...	REIT	Apr 4, 2007	0.92%	-8.32%	2.92%	2.07%
FIRTX	Fidelity Advisor International Real Estate Fund Cl...	REIT	Apr 4, 2007	1.45%	-8.35%	2.17%	1.28%

Real Estate Mutual Funds List

Risk vs. Return Scatterplot