FIRAX

About FIRAX

Fidelity Advisor International Real Estate Fund is a mutual fund designed to provide capital appreciation by investing primarily in non-U.S. companies associated with the real estate sector. The fund allocates at least 80% of its assets to common stocks of businesses principally engaged in real estate activities and related investments. Its portfolio spans multiple countries and regions, emphasizing firms with perceived long-term growth potential rather than short-term market trends. This strategy utilizes a bottom-up, value-oriented approach, focusing on securities with lower valuation multiples and leverage, and higher growth prospects relative to industry benchmarks. The fund is notable for its global diversification, and seeks to mitigate risks such as currency exposure, country-specific issues, and sector concentration. With a semi-annual dividend distribution and an expense ratio around 1.20%, the fund provides investors access to the broader trends and opportunities within the international real estate market, making it a relevant vehicle for those aiming to diversify beyond domestic property sectors.