ATLASFirst Trust S&P REIT Index Fund (FRI): outlook, holdings and fees
First Trust S&P REIT Index Fund (FRI) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.50% and the yield is 2.63%. The ten largest holdings are 54% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FRI
| Last price | $30.50 (0.0%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $29.82 – $31.49 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 2.63% |
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.
FRI fund facts
| Issuer | First Trust |
|---|---|
| Theme | Real estate |
| Assets under management | $182M |
| Expense ratio | 0.50% |
| Number of holdings | 49 |
| Portfolio turnover | 6% |
| Inception | May 8, 2007 |
| Exchange | NYSE |
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index seeks to measure the performance of publicly-traded REITs domiciled in the United States that meet certain eligibility requirements.
FRI top holdings
| Holding | Sector | Weight |
|---|---|---|
| Welltower Inc WELL | Real Estate | 13.19% |
| Prologis Inc PLD | Real Estate | 9.79% |
| Equinix Inc EQIX | Real Estate | 4.76% |
| Digital Realty Trust Inc DLR | Real Estate | 4.44% |
| Simon Property Group Inc SPG | Real Estate | 4.67% |
| Realty Income Corporation O | Real Estate | 4.15% |
| Public Storage PSA | Real Estate | 3.92% |
| Equity Residential EQR | Real Estate | 3.55% |
| Ventas Inc VTR | Real Estate | 3.28% |
| Iron Mountain Incorporated IRM | Real Estate | 2.62% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FRI sector breakdown
| Sector | Weight |
|---|---|
| Real Estate | 100.0% |
By region: North America 100.0%.
FRI returns and risk
| Year to date | +10.5% |
|---|---|
| 1 year | +8.8% |
| 3 years (annualised) | +13.5% |
| 5 years (annualised) | +3.6% |
| 10 years (annualised) | +5.8% |
| Volatility (3 years) | 16.0% |
| Sharpe ratio (3 years) | 0.52 |
Past returns do not guarantee future results.
FRI: frequently asked questions
What does FRI invest in?
First Trust S&P REIT Index Fund invests in a portfolio of securities. Its largest holdings are Welltower Inc (13.2%), Prologis Inc (9.8%), Equinix Inc (4.8%), Digital Realty Trust Inc (4.4%), Simon Property Group Inc (4.7%).
What is the FRI expense ratio?
0.50% a year: about $50.00 for every $10,000 invested.
What is the FRI dividend yield?
2.63%. ATLAS does not hold the exact distribution dates for ETFs.
Will FRI go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $29.82 to $31.49 from $30.50 today. It is a probability, not a prediction.
How has FRI performed?
Year to date +10.5%, one year +8.8%, three years +13.5% a year, five years +3.6% a year. Past returns do not guarantee future results.
Similar ETFs: Real estate
Educational information, not investment advice. Disclaimer