Fidelity ETFs
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Snapshot:  FREL


23.52   0.49 (2.13%)

AS OF 4:00:00pm ET 06/01/2020 Quotes delayed at least 15 minutes.
Bid 23.53
Bid Size 0
Ask 23.54
Ask Size 0
Open 23.00
High 23.698
Low 23.00
Previous Close 23.52
Price Performance (Last 52 Wk)
as of 06/01/2020
Bid/Ask Spread (1 Month Average)
as of 03/31/2020
Premium / Discount (Bid/Ask Previous Day)
as of 06/01/2020
Premium / Discount (1 Month Rolling Average)
as of 05/29/2020
Volume (90-Day Average)
Tracking Error 0.12
Detailed Quote

ETP Type


Asset Class

Real Estate

Geography Objective


Net Assets
AS OF 05/29/2020


Net Expense Ratio



Fidelity Management & Research

Inception Date


Investment Philosophy

Passively Managed

Benchmark Index

MSCI USA IMI Real Estate Index

Index Composition


Legal Structure

Open-End Investment Company


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


There is currently no commentary available for this symbol.

Analyst Ratings

Firm Name As of Date Action Rating Report
Ned Davis Research Group 03/23/2020 DOWNGRADE Log in for rating & report
FactSet 05/29/2020 -- A Details FactSet PDF Report
XTF Inc. 03/31/2020 Reiterate 10.00000 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 - 224 Real Estate funds rated
Rating Information

Key Statistics

Price / Earnings (Trailing Twelve Months) 25.79
Price / Book 2.23
Price / Sales 4.64
30-day SEC Yield
AS OF 05/22/2020
Distribution Yield (TTM)
AS OF 04/30/2020
See all Key Stats


Asset Class Median
Volume (10-Day Avg)
AS OF 05/29/2020
637.2K 86.7M
1 Week Market Total Return
AS OF 05/29/2020
+5.30% +4.97%
1 Month Market Total Return
AS OF 05/29/2020
+5.55% +0.92%
1 Year Market Total Return
AS OF 05/29/2020
-6.78% -16.50%
3 Year Annualized Market Total Return
AS OF 05/29/2020
+2.90% -2.03%
Beta (1 Year Month-End)
AS OF 05/31/2020
0.96% 0.94
Annual Turnover Ratio
AS OF 07/31/2019
10.00% 10.00%
Net Expense Ratio
AS OF 11/29/2019
0.08% 0.48%


Growth of Hypothetical $10,000 * AS OF 04/30/2020

Cumulative Total Returns AS OF 05/29/2020
NAV Return Market Return MSCI USA IMI Real Estate Index
AS OF 05/29/2020
YTD -16.05% -16.03% -15.90%
4 Weeks +5.47% +5.55% +5.47%
13 Weeks -10.69% -10.71% -10.56%
26 Weeks -15.36% -15.32% -15.20%
Quarter-End Average Annual Total Returns AS OF 03/31/2020
NAV Return Market Return
1 Year -16.59% -16.62%
3 Year -0.33% -0.33%
5 Year +1.34% +1.33%
10 Year -- --
Life +1.13% +0.83%
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 05/29/2020

159 (Long: 158 | Short: 0)
View All
Top 10 (47.28% of total holdings)
AMT American Tower Corp 10.65%
CASH Cash† 7.80%
CCI Crown Castle International Corp 6.67%
PLD Prologis Inc 6.29%
DLR Digital Realty Trust Inc 3.53%
SBAC SBA Communications Corp 3.30%
PSA Public Storage 2.97%
EQR Equity Residential 2.11%
AVB AvalonBay Communities Inc 2.05%
WELL Welltower Inc 1.91%
†Part or all of this cash position may represent cash-in-lieu of marketable securities and not actual cash.Click here for more information.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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