Item 1.01 Entry into a Material Definitive Agreement

Fidelity Core Real Estate Fund, a Maryland statutory trust (the "Company"), is conducting a continuous private offering exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Rule 506(b) of Regulation D promulgated under the Securities Act (the "Private Offering"), of three classes of the Company's common shares of beneficial interest, each without par value per share: Class I common shares of beneficial interest ("Class I Shares"), Class S common shares of beneficial interest, and Class F common shares of beneficial interest ("Class F Shares"). In connection with the Private Offering, the Company has amended certain of its documents as described below.

Amended and Restated Declaration of Trust

On October 28, 2026, the Company's sole trustee executed an Amended and Restated Declaration of Trust of the Company (the "Amended and Restated Declaration of Trust"), which provides for, among other things, certain modifications to the terms upon which Class I Shares acquired by certain shareholders and the clients of certain financial intermediaries convert into Class F Shares in the event that accepted subscriptions from such shareholders or clients have reached a certain aggregate threshold with respect to Class I Shares as set forth in the Amended and Restated Declaration of Trust.

Amended and Restated Dealer Manager Agreement

On October 28, 2026, the Company and Fidelity Distributors Company LLC entered into an Amended and Restated Dealer Manager Agreement with respect to the Private Offering (including an amended Form of Participating Broker-Dealer Agreement attached as Exhibit A thereto), to reflect the foregoing modifications to the Amended and Restated Declaration of Trust.

The foregoing descriptions of the Amended and Restated Declaration of Trust and the Amended and Restated Dealer Manager Agreement do not purport to be complete and are qualified in their entirety by reference to the Amended and Restated Declaration of Trust and the Amended and Restated Dealer Manager Agreement, copies of which are included as Exhibits 3.1 and 10.1, respectively, to this Current Report on Form 8-K and are each incorporated herein by reference.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

The disclosure regarding the Amended and Restated Declaration of Trust set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03.