Fidelity SAI Real Estate Fund
Fidelity Summer Street Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity SAI Real Estate Fund is an actively managed U.S. equity fund. 22% of FSRJX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2025 Q3
Fidelity SAI Real Estate Fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500 Index.
The fund invests primarily in common stocks of companies principally engaged in the real estate industry, selecting securities through fundamental analysis of financial condition, industry position, and market conditions; holdings include REITs, real estate developers, mortgage lenders, mortgage-backed securities, and companies with substantial real estate assets or real estate-related products. The fund normally maintains at least 80% of assets in real estate securities, including derivatives that provide exposure to such investments or their underlying risk factors. Because security selection depends on the manager's analysis rather than a predetermined index, fund holdings and performance may diverge from any benchmark.
| Share class | Expense ratio |
|---|---|
| FSRJX | 0.56% |
Portfolio turnover 15.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.36% |
| Cash & short-term | 0.77% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Real Estate | 99.2% |
| Cash | 0.8% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
New: SPG, NHP, Fidelity Revere Street Trust
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| PLD | PROLOGIS INCPLD | 9.47% | $142.02 | $257.68M | 1.8M |
| EQIX | EQUINIX INCEQIX | 9.31% | $1,082.83 | $253.16M | 233.8K |
| AMT | AMERICAN TOWER CORPAMT | 8.43% | $182.71 | $229.31M | 1.3M |
| WELL | WELLTOWER INCWELL | 8.38% | $217.34 | $227.78M | 1.0M |
| DLR | DIGITAL REALTY TRUST INCDLR | 4.46% | $200.94 | $121.40M | 604.2K |
| SPG | SIMON PROPERTY GROUP INCSPG | 4.45% | $203.71 | $121.00M | 594.0K |
| KIM | KIMCO REALTY CORPKIM | 4.08% | $23.64 | $110.93M | 4.7M |
| NNN | NNN REIT INCNNN | 3.45% | $43.79 | $93.89M | 2.1M |
| CBRE | CBRE GROUP INCCBRE | 3.34% | $142.73 | $90.86M | 636.6K |
| PSA | PUBLIC STORAGEPSA | 3.29% | $302.45 | $89.51M | 295.9K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 58.67% of net assets, top 25 88.03%, across 44 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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