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Launched

Fidelity Real Estate Income ETF

FREINasdaqD

$23.85−0.01 (−0.04%)

At close: Oct 13, 2026, 4:00 PM

D37/ 100

Rank 16 of 18 in Global & International Real Estate

D37/100Rank 16 of 18inGlobal & International Real Estate
Intraday session: down, 17 prints from 23.86 to 23.85. Range 23.82 to 23.91. Use the arrow keys to read each point.23.8223.8823.9010 AM12 PM2 PM4 PM
Expense ratio
0.76%
Fund size
$47M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
608
Avg volume · 30D
0M sh
NAV per share
$23.84
52W range
low $23.65high $27.81
Launched

The ETF.net FREI Grade

Based on 5 of 6 pillars

D

Score 37 out of 100

Category
Global & International Real Estate⁠
Rank
16 of 18
Six-pillar profile for FREI. Scores out of 100: Cost 0, Risk 68, Mission not scored, Tradability 44, Holdings 100, Durability 28. Strongest: Holdings (100). Weakest: Cost (0). Based on 5 of 6 pillars.

Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 18 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B68 out of 100
    Rank 2 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 12 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A100 out of 100
    Rank 1 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D28 out of 100
    Rank 16 of 18

Our read on FREI

ETF.net Research

DOne of Fidelity's first ETF share classes, attached to its long-running Real Estate Income mutual fund. Not a REIT index tracker: an active income hunt across REIT preferreds, real estate debt and mortgage bonds.

Stated mandate

The fund seeks higher-than-average income and secondarily capital growth. It normally invests at least 80% of assets in debt and income-producing equity securities of companies principally engaged in real estate and related investments.

Why people hold it

  1. 01Rare mandate in a category stuffed with equity-REIT index trackers: income first, with at least 80% in real estate debt and income-producing equity securities.
  2. 02Same portfolio, policies, managers and track record as Fidelity's existing Real Estate Income mutual fund, launched in 2026 as one of Fidelity's first ETF share classes.fidelity.comsec.gov
  3. 03Active and global: bottom-up picks across REIT common and preferred stock, real estate debt and commercial mortgage bonds, US and foreign issuers.sec.gov

Worth knowing

  1. 01Costs 0.59% a year versus a 0.50% peer median, and index rivals run cheaper still (HAUZ 0.10%, VNQI 0.12%, REET 0.14%).
  2. 02The debt sleeve leans on lower-quality real estate bonds, adding credit and rate sensitivity that pure equity REIT funds do not carry.sec.gov
  3. 03New in ETF form and thinly traded next to the category's index giants, which can mean wider spreads when you trade.

FREI Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
608
Top-10 weight
14%
Largest holding
Cash Cf2.9%

Geography

  • United States99.73%
  • Canada0.25%
  • Bermuda0.02%
The fund’s holdings, weight-ordered — page 1 of 41.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash Cf2.93%122,607,240$123M61
002AMTAmerican Tower Corp2.02%464,263$85M340
003WELLWelltower Inc1.58%292,454$66M339
004EQIXEquinix Inc1.57%64,039$66M356
005PLDPrologis Inc Reit1.40%451,391$58M339
006INVHInvitation Homes Inc1.20%1,873,811$50M235
007ELSEquity Lifestyle Pptys Inc1.14%810,111$48M166
008EQRVivmark Residential1.05%718,084$44M110
009UDRUdr Inc0.80%984,879$34M200
010VTRVentas Inc Reit0.73%369,916$30M295
011VICIVici Pptys Inc0.67%1,228,856$28M274
012SUISun Communities Inc - Reit0.65%239,725$27M185
013DLRDigital Realty Trust Inc0.61%142,400$25M314
014—Prologis Lp 4.9% 06/15/360.60%27,605,000$25M25
015—Essex Portfolio 4.875% 2/15/360.60%27,655,000$25M21

Showing 1–15 of 608 holdings

FREI Performance

Launched Jun 16, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FREI$9,706
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. FREI $9,706. SPY $10,332. Use the arrow keys to read each point.$9,580$9,991$10,402Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FREI. Periods over one year show the average yearly return.
PeriodFREI
Year to dateFund launched this year—
1 month−1.6%
3 months−2.9%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FREI
YearReturn barFREI
2026 YTD−2.7%

Since listing, Jun 16, 2026

FREI in the news

Filtered to FREI · Global & International Real Estate

FREI Dividends

Last payment
$0.29 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jul 10, 2026 $0.18; Oct 2, 2026 $0.29. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 2, 2026Oct 6, 2026$0.29
Jul 10, 2026Jul 14, 2026$0.18

FREI Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.65
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FREI Cost

Expense ratio0.76%
  • The middle half of Global & International Real Estate funds
  • Median 0.50%

Every other Global & International Real Estate fund charges less.

FREI costs $76.00 a year on $10,000. The median Global & International Real Estate fund costs $50.00.

Other funds in Global & International Real Estate

See others