First Trust S&P REIT Index Fund
$30.47−0.16 (−0.52%)
- Expense ratio
- 0.51%
- Fund size
- $193M
- 1Y return
- +11.8%
- Yield · Last 12 months
- 2.55%
- Holdings
- 124
- Volume · 30D
- 0M sh
- NAV per share
- $30.65
- 52W range
The ETF.net FRI Grade
Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 17Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 59Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 33Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 51Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 58Category rank
Our read on FRI
COne of the older pure-REIT trackers around, running since 2007. It holds roughly 140 US real estate investment trusts at index weight, no tilts, no timing. The fee sits well above the category norm, which is the trade-off.
The fund seeks investment results that generally correspond to the price and yield of the S&P United States REIT Index before fees and expenses.
Why people hold it
- Wide net in one line item: roughly 140 US REITs, weighted by the S&P United States REIT Index rather than by a manager's hunch.ftportfolios.com
- Does the one job a tracker has: it has hugged its index closely, and it has been doing it since 2007, through a full property cycle.
- REITs only by mandate, so the exposure is landlord economics, and cash comes back to shareholders on a quarterly schedule.ftportfolios.com
Worth knowing
- Cost is the sticking point: 0.51% a year, above the category median of 0.37%, while SCHH (0.07%), USRT (0.08%) and VNQ (0.13%) track much the same idea.
- Small and thinly traded next to the category's giants, so spreads can run wider and large orders need more patience.
- One sector, one country. Real estate swings with interest rates and credit conditions, and this fund makes no attempt to cushion that.
FRI Holdings
- Other
- 124
- 55%
- WELL
Sectors
- Real Estate100.0%
Geography
- United States100.00%
FRI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 16, 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.
| Period | FRI |
|---|---|
| Year to date | +12.6% |
| 1 month | −5.2% |
| 3 months | −3.2% |
| 1 year | +11.8% |
| 3 years | +10.6% |
| 5 years | +3.5% |
| 10 years | +5.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FRI |
|---|---|---|
| 2026 YTD | +12.6% | |
| 2025 | +2.8% | |
| 2024 | +7.8% | |
| 2023 | +13.3% | |
| 2022 | −24.7% | |
| 2021 | +42.5% | |
| 2020 | −7.9% |
FRI in the news
ETF.net Research hasn’t filed on FRI yet — coverage lands here as it’s written.
FRI Dividends
- 2.55%
- $0.78
- $0.18 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.18 |
| Mar 26, 2026 | Mar 31, 2026 | $0.09 |
| Dec 12, 2025 | Dec 31, 2025 | $0.33 |
| Sep 25, 2025 | Sep 30, 2025 | $0.17 |
| Jun 26, 2025 | Jun 30, 2025 | $0.19 |
| Mar 27, 2025 | Mar 31, 2025 | $0.12 |
| Dec 13, 2024 | Dec 31, 2024 | $0.43 |
| Sep 26, 2024 | Sep 30, 2024 | $0.10 |
| Jun 27, 2024 | Jun 28, 2024 | $0.28 |
| Mar 21, 2024 | Mar 28, 2024 | $0.10 |
| Dec 22, 2023 | Dec 29, 2023 | $0.28 |
| Jun 27, 2023 | Jun 30, 2023 | $0.34 |
FRI Risk
- 16.2%
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.
- 0.48
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.
- −31.2%
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.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FRI Cost
- 0.51%