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Snapshot:  FREL

FIDELITY MSCI REAL ESTATE INDEX ETF

28.28   0.23 (0.82%)

AS OF 8:00:00pm ET 10/18/2019 Quotes delayed at least 15 minutes.
Bid 28.24
Bid Size 0
Ask 28.29
Ask Size 0
Open 28.02
High 28.30
Low 28.02
Previous Close 28.28
Price Performance (Last 52 Wk)
as of 10/18/2019
+22.11%
Bid/Ask Spread (1 Month Average)
as of 08/31/2019
0.05%
Premium / Discount (Previous Day)
as of 10/18/2019
0.06%
Premium / Discount (1 Month Rolling Average)
as of 10/18/2019
0.05%
Volume
Volume (90-Day Average)
Tracking Error 0.07
Detailed Quote

ETP Type

ETF

Asset Class

Real Estate

Geography Objective

US

Net Assets
AS OF 10/18/2019

$1.0B

Net Expense Ratio

0.08%

Sponsor

Fidelity Management & Research

Inception Date

02/02/2015

Investment Philosophy

Passively Managed

Benchmark Index

MSCI USA IMI Real Estate Index

Index Composition

Cap-Weighted

Legal Structure

Open-End Investment Company

Objective

Seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Real Estate Index. Investing 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 Index, which represents the performance of the real estate sector in the U.S. equity market. Using a representative sampling indexing strategy to manage the fund. “Representative sampling" is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the index. The fund may or may not hold all of the securities in the MSCI USA IMI Real Estate Index.

Learn More

Commentary

Analyst Ratings

LAST CHANGE
Firm Name As of Date Action Rating Report
FactSet 10/18/2019 -- A Details FactSet PDF Report
Ned Davis Research Group 12/04/2017 UPGRADE Log in for rating & report
XTF Inc. 08/30/2019 Reiterate 9.80000 out of 10 XTF Inc. PDF Report
Morningstar, Inc.** 02/28/2019 Downgrade 4 out of 54 out of 54 out of 54 out of 54 out of 5
Overall - 223 Real Estate funds rated
Rating Information
--

Key Statistics

Price / Earnings (Trailing Twelve Months) 31.13
Price / Book 2.74
Price / Sales 5.61
30-day SEC Yield
AS OF 10/11/2019
2.94%
Distribution Yield (TTM)
AS OF 09/30/2019
3.23%
See all Key Stats

Compare

FREL
FIDELITY MSCI REAL ESTATE INDEX ETF
Asset Class Median
Volume (10-Day Avg)
AS OF 10/17/2019
272.8K 26.8M
1 Week Market Total Return
AS OF 10/18/2019
+1.65% +1.24%
1 Month Market Total Return
AS OF 10/18/2019
+2.02% +1.71%
1 Year Market Total Return
AS OF 10/18/2019
+26.46% +19.52%
3 Year Annualized Market Total Return
AS OF 10/18/2019
+10.56% +9.07%
Beta (1 Year Month-End)
AS OF 09/30/2019
0.95% 0.85
Annual Turnover Ratio
AS OF 07/31/2019
10.00% 13.00%
Net Expense Ratio
AS OF 11/29/2018
0.08% 0.48%

Performance

Growth of Hypothetical $10,000 * AS OF 09/30/2019

Cumulative Total Returns AS OF 10/18/2019
NAV Return Market Return MSCI USA IMI Real Estate Index
AS OF 10/18/2019
YTD +29.81% +29.78% +29.90%
4 Weeks +2.04% +2.02% +2.02%
13 Weeks +9.09% +9.11% +9.07%
26 Weeks +12.51% +12.64% +12.56%
Quarter-End Average Annual Total Returns AS OF 09/30/2019
NAV Return Market Return
1 Year +19.85% +20.04%
3 Year +8.90% +8.83%
5 Year -- --
10 Year -- --
Life +7.30% +6.96%
Life as of NAV inception date: 02/02/2015   Life market returns are as of the first day the ETF traded on an exchange, which may occur a few days after the NAV inception date. Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Gross Expense Ratio: 0.084%

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Total Basket Holdings AS OF 10/18/2019

171 (Long: 170 | Short: 0)
View All
Top 10 (37.27% of total holdings)
AMT American Tower Corp 7.88%
CCI Crown Castle International Corp 4.66%
PLD Prologis Inc 4.40%
EQIX Equinix Inc 3.76%
SPG Simon Property Group Inc 3.61%
PSA Public Storage 2.96%
WELL Welltower Inc 2.90%
EQR Equity Residential 2.55%
AVB AvalonBay Communities Inc 2.39%
DLR Digital Realty Trust Inc 2.16%
More about Portfolio Composition

ETFs are subject to management fees as well as other expenses including brokerage commissions. Please contact your investment professional for more information on applicable brokerage fees. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and may only be redeemed directly with the fund by Authorized Participants in creation units.

* A hypothetical $10,000 investment made in the fund ten years ago, or on commencement of operations for funds lacking a ten-year track record. Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance.

Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

Basket holdings, asset allocation, market sectors, industry exposure, and geographical diversification are as of the date indicated and may not be representative of the fund's current or future investments.

© 2014 Morningstar, Inc. All rights reserved. The Morningstar information contained herein (1) is proprietary to Morningstar or its affiliates; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, or, if available, a summary prospectus containing this information. Read it carefully.


 
 

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