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About Fidelity MSCI Real Estate Index ETF
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Inception date
Feb 2, 2015
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
FMR Co., Inc.
Distributor
Fidelity Distributors Corp.
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 funds 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, FRELs distributions are taxed as ordinary income.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.81%
Finance96.54%
Technology Services3.17%
Commercial Services0.09%
Bonds, Cash & Other0.19%
Mutual fund0.18%
Cash0.01%
Stock breakdown by region
North America99.89%
Europe0.11%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FREL invests in stocks. The fund's major sectors are Finance, with 96.54% stocks, and Technology Services, with 3.17% of the basket. The assets are mostly located in the North America region.
FREL top holdings are American Tower Corporation and Prologis, Inc., occupying 7.19% and 6.98% of the portfolio correspondingly.
FREL last dividends amounted to 0.26 USD. The quarter before, the issuer paid 0.22 USD in dividends, which shows a 12.50% increase.
FREL assets under management is 1.03 B USD. It's risen 1.19% over the last month.
FREL fund flows account for 49.96 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FREL pays dividends to its holders with the dividend yield of 3.57%. The last dividend (Mar 25, 2025) amounted to 0.26 USD. The dividends are paid quarterly.
FREL shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Feb 2, 2015, and its management style is Passive.
FREL expense ratio is 0.08% meaning you'd have to pay 0.08% of your investment to help manage the fund.
FREL follows the MSCI US IMI/Real Estate 25-25. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FREL invests in stocks.
FREL price has risen by 1.44% over the last month, and its yearly performance shows a 4.16% increase. See more dynamics on FREL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.39% over the last month, showed a −4.01% decrease in three-month performance and has increased by 7.52% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.39% over the last month, showed a −4.01% decrease in three-month performance and has increased by 7.52% in a year.
FREL trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.