Fidelity MSCI Real Estate Index ETF (FREL)
| Assets | $1.05B |
| Expense Ratio | 0.08% |
| PE Ratio | 33.97 |
| Shares Out | 37.45M |
| Dividend (ttm) | $0.97 |
| Dividend Yield | 3.46% |
| Ex-Dividend Date | Jun 20, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | 117.39% |
| Volume | 96,863 |
| Open | 27.87 |
| Previous Close | 27.86 |
| Day's Range | 27.87 - 28.01 |
| 52-Week Low | 23.35 |
| 52-Week High | 30.07 |
| Beta | 1.01 |
| Holdings | 143 |
| Inception Date | Feb 2, 2015 |
About FREL
Fund Home PageThe Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund that is based on the MSCI US IMI/Real Estate 25-25 index. The fund tracks a cap-weighted index of US REIT and real estate companies across the entire market-cap spectrum. FREL was launched on Feb 2, 2015 and is issued by Fidelity.
Top 10 Holdings
44.70% of assets| Name | Symbol | Weight |
|---|---|---|
| Prologis, Inc. | PLD | 6.98% |
| Welltower Inc. | WELL | 6.63% |
| American Tower Corporation | AMT | 6.32% |
| Equinix, Inc. | EQIX | 4.42% |
| Simon Property Group, Inc. | SPG | 3.94% |
| Digital Realty Trust, Inc. | DLR | 3.76% |
| Realty Income Corporation | O | 3.43% |
| CBRE Group, Inc. | CBRE | 3.26% |
| Public Storage | PSA | 3.11% |
| Crown Castle Inc. | CCI | 2.87% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 20, 2025 | $0.267 | Jun 24, 2025 |
| Mar 21, 2025 | $0.256 | Mar 25, 2025 |
| Dec 20, 2024 | $0.224 | Dec 24, 2024 |
| Sep 20, 2024 | $0.221 | Sep 24, 2024 |
| Jun 21, 2024 | $0.246 | Jun 25, 2024 |
| Mar 15, 2024 | $0.250 | Mar 20, 2024 |
Performance
FREL had a total return of 1.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.14%.
News
Powell Pivot Sparks REIT Rebound
U.S. equity markets notched another series of record highs this week, surging into the weekend after surprisingly dovish commentary from Federal Reserve Chair Powell, who hinted at imminent rate cuts....
The State Of REITs: August 2025 Edition
After a strong June (+2.56%), the REIT sector recovery stalled in July (-1.17%) as REITs fell to a -6.42% year-to-date return. Micro cap REITs (-0.20%) outperformed in July while mid caps (-1.18%), sm...
Disinflation Dividend: REIT Earnings Scorecard
A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was...
Powell Pressured As Inflation Cools
U.S. equity markets climbed to fresh record-highs this week after a critical slate of inflation data showed that tariff-driven inflation remains muted, while rumors of a potential Powell termination s...
The State Of REITs: July 2025 Edition
REITs had another month of recovery in June (+2.56% average total return), but despite back-to-back gains remain in negative territory YTD (-5.65%). Micro cap REITs (+7.19%) outperformed for the first...
FREL: A Bet On Mid-Cap REITs Recovery
I recommend buying Fidelity MSCI Real Estate Index ETF for its smart mid-cap REIT focus, diversified subsector exposure, and competitive 0.084% expense ratio with a 3.53% yield. FREL's portfolio align...
The State Of REITs: June 2025 Edition
REITs saw a month of recovery in May (+2.08%), but still have a long way to go to get back into the black in 2025 with an average -7.33% return. Micro cap REITs (-0.73%) continued to struggle, while s...
The Inflation That Wasn't
US equity markets retreated from the cusp of record-highs this week as encouraging inflation data showing surprisingly muted tariff-related inflation was spoiled by a sudden escalation in Middle East ...
REITs: Unloved, Unwanted, Undervalued
REITweek, the annual REIT industry conference, was held last week in New York City. Humbled by frustratingly persistent interest rate headwinds and historic underperformance, the venue halls were agai...
The Drivers Behind REIT Dividend Growth
This post takes a closer look at the underlying mechanics that allow Realty Income and other high-quality REITs to grow their distributions over decades without compromising sustainability. While Real...
The State Of REITs: May 2025 Edition
The REIT sector saw another month of red in April (-6.45%) and REITs now average a -9.10% return over the first 4 months of the year. Microcap (-8.87%) and small-cap REITs (-8.69%) endured bigger aver...
REIT Replay: REIT Share Prices Rise With Broader Market In Week Ended May 2
The Dow Jones Equity All REIT index closed the recent week up 3.31%, compared with a 2.92% increase for the S&P 500 and a 3.00% gain for the Dow Jones Industrial Average. The self-storage REIT index j...
Tensions Ease Ahead Of Critical Week
US equity markets resumed their recovery this week from the "liberation day" plunge after the White House negotiated trade deals with several nations and indicated plans to ease China tariffs. Trimmin...
The State Of REITs: April 2025 Edition
REITs finished the first quarter of 2025 in the red (-3.36%) with a brutal -4.92% average total return in March. Large cap (-2.04%) and mid cap REITs (-2.63%) saw modest losses, but small caps (-4.16%...
2025 REIT Market Perspectives And A Look Ahead
A notable defensive rotation is underway this year, benefitting REIT stocks. The recipe that makes REITs a compelling investment today already contains two important ingredients – cheap valuations and...
8 U.S. REITs Announce Dividend Increases In March
Since 2000, annual returns of international equities have been better than those of the U.S. only nine times. As concerns grow about the impact of tariffs on the economy and uncertainty looms, market ...