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Fidelity® MSCI Real Estate Index ETF

etf
FREL
Dividend policy
Active
Price as of:
$25.33 +0.34 +0%
primary theme
Real Estate Sector Equity
FREL (ETF)

Fidelity® MSCI Real Estate Index ETF

Dividend policy
Active
Price as of:
$25.33 +0.34 +0%
primary theme
Real Estate Sector Equity
FREL (ETF)
Fidelity® MSCI Real Estate Index ETF
Dividend policy
Active
Price as of:
$25.33 +0.34 +0%
primary theme
Real Estate Sector Equity

FREL - Snapshot

Vitals

  • YTD Return -9.8%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $1.03 B
  • Holdings in Top 10 42.9%

52 WEEK LOW AND HIGH

$24.99
$16.90
$29.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.08%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Real Estate Sector Equity
  • Fund Type Exchange Traded Fund
  • Investment Style Real Estate

Compare FREL to Popular Real Estate Sector Equity Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$38.06

+1.33%

$8.14 B

2.33%

$0.87

blocked
blocked
blocked

-6.99%

-

$20.38

-0.83%

$6.56 B

3.53%

$0.73

blocked
blocked
blocked

-8.94%

-

$60.42

+1.33%

$5.44 B

2.46%

$1.46

blocked
blocked
blocked

-8.68%

-

$11.87

+0.51%

$5.06 B

3.73%

$0.44

blocked
blocked
blocked

-5.04%

-

$15.15

+1.47%

$4.85 B

2.47%

$0.37

blocked
blocked
blocked

-8.84%

-

Compare FREL to Popular Real Estate Sector Equity ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$85.08

+1.29%

$53.94 B

2.81%

$2.36

blocked
blocked
blocked

-9.03%

-

$37.95

+1.31%

$4.10 B

3.07%

$1.15

blocked
blocked
blocked

-18.04%

-

$85.12

+1.14%

$4.03 B

2.97%

$2.50

blocked
blocked
blocked

-9.37%

-

$36.96

+1.26%

$2.03 B

3.01%

$1.10

blocked
blocked
blocked

-5.43%

-

$23.31

+1.44%

$2.02 B

5.61%

$1.29

blocked
blocked
blocked

-16.00%

-

FREL - Profile

Distributions

  • YTD Total Return -9.1%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.62%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Fidelity® MSCI Real Estate Index ETF
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Feb 02, 2015
  • Shares Outstanding
    45400000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Greg Savage

Fund Description

The fund invests at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Real Estate 25/25 Index, which represents the performance of the real estate sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Real Estate 25/25 Index.


FREL - Performance

Return Ranking - Trailing

Period FREL Return Category Return Low Category Return High Rank in Category (%)
YTD -9.8% -42.6% 25.9% 56.46%
1 Yr -16.0% -45.9% 27.2% 45.80%
3 Yr 2.0%* -16.7% 12.3% 38.20%
5 Yr 4.2%* -5.3% 12.8% 29.64%
10 Yr N/A* 2.4% 14.3% N/A

* Annualized

Return Ranking - Calendar

Period FREL Return Category Return Low Category Return High Rank in Category (%)
2019 24.4% -0.8% 43.1% 21.37%
2018 -9.4% -44.0% 4.9% 43.09%
2017 5.3% -16.4% 25.4% 9.42%
2016 3.6% -13.1% 340.0% 15.87%
2015 N/A -18.4% 7.7% N/A

Total Return Ranking - Trailing

Period FREL Return Category Return Low Category Return High Rank in Category (%)
YTD -9.1% -42.9% 25.9% 53.87%
1 Yr -16.0% -45.9% 27.2% 41.26%
3 Yr 2.0%* -16.7% 12.3% 34.08%
5 Yr 4.2%* -5.5% 12.8% 26.48%
10 Yr N/A* 2.4% 14.3% N/A

* Annualized

Total Return Ranking - Calendar

Period FREL Return Category Return Low Category Return High Rank in Category (%)
2019 24.4% -0.8% 43.1% 21.37%
2018 -9.4% -43.3% 4.9% 64.23%
2017 5.3% -13.6% 31.4% 34.53%
2016 3.6% -12.3% 13.4% 58.65%
2015 N/A -18.4% 7.7% N/A

FREL - Holdings

Concentration Analysis

FREL Category Low Category High FREL % Rank
Net Assets 1.03 B 1.15 M 53.9 B 32.58%
Number of Holdings 170 18 562 7.34%
Net Assets in Top 10 445 M 538 K 26.5 B 31.82%
Weighting of Top 10 42.92% 14.1% 76.1% 82.85%

Top 10 Holdings

  1. American Tower Corp 9.43%
  2. Prologis Inc 6.79%
  3. Equinix Inc 6.01%
  4. Crown Castle International Corp 4.77%
  5. Digital Realty Trust Inc 3.63%
  6. Public Storage 3.38%
  7. SBA Communications Corp 3.05%
  8. Welltower Inc 2.08%
  9. AvalonBay Communities Inc 1.92%
  10. Weyerhaeuser Co 1.91%

Asset Allocation

Weighting Return Low Return High FREL % Rank
Stocks
99.85% 0.00% 101.95% 20.63%
Cash
0.15% -104.20% 18.40% 72.03%
Preferred Stocks
0.00% 0.00% 49.58% 91.96%
Other
0.00% -10.54% 95.74% 92.66%
Convertible Bonds
0.00% 0.00% 7.50% 91.61%
Bonds
0.00% -9.65% 101.08% 91.26%

Stock Sector Breakdown

Weighting Return Low Return High FREL % Rank
Real Estate
99.97% 30.32% 100.00% 47.81%
Industrials
0.03% 0.00% 10.82% 11.31%
Utilities
0.00% 0.00% 6.35% 91.61%
Technology
0.00% 0.00% 14.65% 92.34%
Healthcare
0.00% 0.00% 39.57% 91.24%
Financial Services
0.00% 0.00% 37.05% 91.61%
Energy
0.00% 0.00% 0.67% 91.24%
Communication Services
0.00% 0.00% 11.27% 91.61%
Consumer Defense
0.00% 0.00% 2.24% 91.24%
Consumer Cyclical
0.00% 0.00% 41.45% 97.45%
Basic Materials
0.00% 0.00% 6.50% 91.61%

Stock Geographic Breakdown

Weighting Return Low Return High FREL % Rank
US
99.82% 0.00% 100.44% 17.83%
Non US
0.03% 0.00% 32.67% 28.32%

FREL - Expenses

Operational Fees

FREL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.08% 0.07% 23.80% 99.26%
Management Fee 0.08% 0.00% 1.67% 3.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FREL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FREL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FREL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 1.54% 257.00% 8.99%

FREL - Distributions

Dividend Yield Analysis

FREL Category Low Category High FREL % Rank
Dividend Yield 3.32% 0.00% 9.39% 4.55%

Dividend Distribution Analysis

FREL Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

FREL Category Low Category High FREL % Rank
Net Income Ratio 2.62% -2.55% 6.71% 18.37%

Capital Gain Distribution Analysis

FREL Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

FREL - Fund Manager Analysis

Managers

Greg Savage


Start Date

Tenure

Tenure Rank

Feb 02, 2015

5.75

5.8%

Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.

Jennifer Hsui


Start Date

Tenure

Tenure Rank

Feb 02, 2015

5.75

5.8%

Jennifer Hsui has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.

Alan Mason


Start Date

Tenure

Tenure Rank

Mar 31, 2016

4.59

4.6%

Alan Mason is a Managing Director of BlackRock Advisors, LLC since 2009. Previously, Mr. Mason was a Managing Director of Barclays Global Investors from 2008 to 2009 and a Principal from 1996 to 2008.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

Aug 31, 2018

2.17

2.2%

Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.

Rachel Aguirre


Start Date

Tenure

Tenure Rank

Aug 31, 2018

2.17

2.2%

Rachel Aguirre is a Managing Director of BlackRock, Inc. since 2018. Rachel Aguirre has been with BlackRock since 2006, including her years with Barclays Global Investors (“BGI”), which merged with BlackRock in 2009.Ms. Aguirre was previously a Director of BlackRock, Inc. from 2012 to 2017, Vice President of BlackRock, Inc. from 2009 to 2011 and Principal and Portfolio Manager of Barclays Global Investors from 2005 to 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.18 26.84 8.28 1.1

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