ATLASFidelity MSCI Real Estate Index ETF (FREL): outlook, holdings and fees
Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund and is managed by Fidelity Investments. The expense ratio is 0.08% and the yield is 3.61%. The ten largest holdings are 49% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FREL
| Last price | $28.70 (+0.7%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 54% |
| Likely 1-month range (50%) | $28.02 – $29.67 |
| Normal 1-day range (±1σ) | ±1.0% |
| Distribution yield | 3.61% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FREL fund facts
| Issuer | Fidelity Investments |
|---|---|
| Theme | Real estate |
| Assets under management | $1.3B |
| Expense ratio | 0.08% |
| Number of holdings | 49 |
| Portfolio turnover | 9% |
| Inception | Feb 2, 2015 |
| Exchange | NYSE |
The fund invests 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 25/25 Index, which represents the performance of the real estate sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Real Estate 25/25 Index.
FREL top holdings
| Holding | Sector | Weight |
|---|---|---|
| Welltower Inc WELL | Real Estate | 9.34% |
| Prologis Inc PLD | Real Estate | 7.78% |
| Equinix Inc EQIX | Real Estate | 5.87% |
| American Tower Corp AMT | Real Estate | 4.95% |
| Simon Property Group Inc SPG | Real Estate | 4.29% |
| Digital Realty Trust Inc DLR | Real Estate | 4.00% |
| Realty Income Corporation O | Real Estate | 3.44% |
| Public Storage PSA | Real Estate | 3.26% |
| Equity Residential EQR | Real Estate | 2.90% |
| CBRE Group Inc Class A CBRE | Real Estate | 2.66% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FREL sector breakdown
| Sector | Weight |
|---|---|
| Real Estate | 99.4% |
| Communication Services | 0.4% |
| Energy | 0.2% |
By region: North America 100.0%.
FREL returns and risk
| Year to date | +5.6% |
|---|---|
| 1 year | +6.8% |
| 3 years (annualised) | +10.7% |
| 5 years (annualised) | +1.2% |
| 10 years (annualised) | +5.6% |
| Volatility (3 years) | 16.1% |
| Sharpe ratio (3 years) | 0.36 |
Past returns do not guarantee future results.
FREL: frequently asked questions
What does FREL invest in?
Fidelity MSCI Real Estate Index ETF invests in a portfolio of securities. Its largest holdings are Welltower Inc (9.3%), Prologis Inc (7.8%), Equinix Inc (5.9%), American Tower Corp (5.0%), Simon Property Group Inc (4.3%).
What is the FREL expense ratio?
0.08% a year: about $8.00 for every $10,000 invested.
What is the FREL dividend yield?
3.61%. ATLAS does not hold the exact distribution dates for ETFs.
Will FREL go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 54%, with a likely range (50%) of $28.02 to $29.67 from $28.70 today. It is a probability, not a prediction.
How has FREL performed?
Year to date +5.6%, one year +6.8%, three years +10.7% a year, five years +1.2% a year. Past returns do not guarantee future results.
Similar ETFs: Real estate
Educational information, not investment advice. Disclaimer