Fidelity Core Real Estate Fund VP Resigns; New VP Appointed

What Happened Fidelity Core Real Estate Fund filed an 8-K reporting that Vice President Simon Fisk gave notice on August 10, 2026 that he will resign effective September 30, 2026 from his roles as the Company’s Vice President and as a director and Vice President of the fund’s sole trustee, Fidelity CRET Trustee LLC. The filing states Mr. Fisk’s resignation is not due to any disagreement with the Trustee’s or the Company’s operations, policies or practices. Also on August 10, 2026, the Trustee and its sole member appointed Vipul Gautam to succeed Mr. Fisk in those positions effective September 30, 2026.

Key Details

• Resignation notice dated August 10, 2026; effective date September 30, 2026.
• Outgoing officer: Simon Fisk, Vice President of the Company and director/VP of Fidelity CRET Trustee LLC.
• Incoming officer: Vipul Gautam (age 42), appointed Vice President of the Company and director/VP of the Trustee effective Sept 30, 2026.
• Mr. Gautam’s background: Head of Direct Real Estate and Private Equity Multi-Strat Product & Investment Services at Fidelity (since 2022); prior roles at Fidelity Institutional Wealth Advisor, Workplace Investing, Morgan Stanley, and Bank of America Merrill Lynch; holds a B.S. and M.S. in Computer Engineering from Polytechnic Institute of NYU. The filing discloses no family relationships or reportable transactions between Mr. Gautam and the Company.

Why It Matters This 8-K notifies investors of an executive and trustee director change affecting the fund’s governance and management continuity. The filing indicates the change is routine (not due to disagreement) and names an experienced successor with a background in direct real estate and private equity product and investment services, which may be relevant to how the fund’s management and oversight are carried out going forward.