FRELFidelity MSCI Real Estate Index ETF
FREL Fund Description
FREL tracks a cap-weighted index of US REIT and real estate companies across the entire market-cap spectrum.
FREL Factset Analytics Insight
FREL is one of ten Fidelity ETFs that track MSCI sector indexes. The fund targets companies in the US real estate sector as defined by the GICS sector classification scheme. The fund is both broad and representative, and it differs mostly by including a handful of non-REIT real estate firms. To meet diversification requirements, the fund’s underlying index employs a capping methodology, such that no group entity exceeds 25% of index weight and the aggregate weight of issuers with over 5% weight in the index are capped at 50% weight of the portfolio. Prior to December 1, 2020, FREL tracked the unconstrained MSCI USA IMI Real Estate Index. Like all real estate ETFs, FREL’s distributions are taxed as ordinary income.
FREL MSCI ESG Analytics Insight
Fidelity MSCI Real Estate Index ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.32 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Fidelity MSCI Real Estate Index ETF ranks in the 31st percentile within its peer group and in the 83th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FREL MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FREL Summary Data
FREL Portfolio Data
FREL Index Data
FREL Portfolio Management
FREL Tax Exposures
FREL Fund Structure
FREL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FREL. FREL is rated a 5 out of 5.
FREL Sector/Industry Breakdown
FREL Top 10 Holdings[View All]
FREL Economic Development
FREL Performance Statistics
FREL MSCI ESG Ratings
FREL Benchmark Comparison Summary
FREL Benchmark Comparison Market Cap Size