FREL Fidelity MSCI Real Estate Index ETF

*Unless otherwise stated, data provided by FactSet.

What is FREL?

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.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FREL 7.40% 14.70% 6.41% -13.76% 0.97% 6.17% --
FREL (NAV) 7.46% 14.71% 6.38% -13.74% 0.96% 6.17% --
MSCI USA IMI / Real Estate -SEC -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FREL Summary Data

Fidelity
02/02/15
Open-Ended Fund
0.84%
$1.53B
$8.92M
0.04%

FREL Portfolio Data

$37.60B
28.34
2.45
3.35%
N/A
167

FREL Index Data

MSCI USA IMI Real Estate 25/25 Index
Market Cap
Market Cap
MSCI USA IMI / Real Estate -SEC

FREL Portfolio Management

0.84%
--
--
--

FREL Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

FREL Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

FREL Factset Analytics Block Liquidity

As of 01/23/23
5
4
3
2
1

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 Tradability

350,677
$8.92M
345,638
$8.88M
0.04%
$0.01
0.00%
0.12% / -0.11%
None
100.00%
50,000
6.91
0.03%
0.02%
189
$26.40
5

FREL Sector/Industry Breakdown


FREL
Segment Benchmark
94.80%
--
5.05%
--
0.11%
--
0.03%
--
0.01%
--

FREL Countries


FREL
Segment Benchmark
99.91%
--

FREL Regions


FREL
Segment Benchmark
99.91%
--

FREL Economic Development


FREL
Segment Benchmark
99.91%
--
0.00%
--

FREL Performance Statistics

--
--
--
--
--
MSCI USA IMI / Real Estate -SEC

FREL Benchmark Comparison Holdings

167
--
--
--

FREL Benchmark Comparison Summary


FREL
Segment Benchmark
167
--
$37.60B
--
28.34
--
2.45
--
3.24%
--
Medium
--

FREL Benchmark Comparison Market Cap Size


FREL
Segment Benchmark
70.92%
--
22.30%
--
6.25%
--
0.36%
--