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ETF NYSE Arca USD

Fidelity MSCI Real Estate Index ETF FREL

Issuer: Fidelity SEC registrant: FIDELITY COVINGTON TRUST Equity · US
Watch FREL (sign in) Add to portfolio (FREL) Set an alert for FREL Compare FREL with other ETFs Position size calculator for FREL at 28.01 USD

How position sizing works
Last price 28.01 USD Change: Up +0.50 Percent change: Up +1.82%

Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed

Expense ratio
0.08%
Prospectus 24 Nov 2025
Net assets
$1.5B
As of 31 Jul 2026
Holdings
124
As of 31 Jul 2026
12-month distribution yield
3.47%
Quarterly
Asset class
Equity
From holdings

Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund listed on NYSE Arca in the United States, issued by Fidelity. Its category is Equity · US (equity). Its last price was US$28.01 on 20 Oct 2026. Its expense ratio is 0.08% a year, from its prospectus dated 24 Nov 2025. It reported net assets of US$1.49 billion as of 31 Jul 2026. Its latest holdings report lists 124 holdings as of 31 Jul 2026. Over the last 12 months it paid distributions of US$0.97 a unit, a 12-month distribution yield of 3.47%, paid quarterly.

General information only: nothing on TakeProfits takes into account your objectives, financial situation or needs, and it isn't personal financial advice or a recommendation to buy or sell anything. Consider whether it suits you and get advice from a licensed adviser before acting. Market data may be delayed and comes from third-party sources.

Fees

Total annual operating expenses (gross)
0.08%
Net, after fee waivers or reimbursements
No waiver stated
Management fee
0.08%
Prospectus date
Not stated
Filed with the SEC
24 Nov 2025

Source: SEC prospectus risk/return data sets (opens in a new tab) Filed

Size and reporting

Net assets
$1,493,428,334
Total assets
$1,493,534,902
Holdings as of
31 Jul 2026
Report made public
23 Sep 2026 (54 days after the month end)

Net assets are for the whole fund series, which for some funds (Vanguard's, for example) also includes mutual fund share classes.

Source: SEC Form N-PORT (opens in a new tab) Filed

Top holdings

Largest 25 of 124 positions, as of 31 Jul 2026. Weight is the percent of net assets the fund reported.

FREL top holdings as of 31 Jul 2026
# Holding Identifier Weight Value (USD) Type Country Currency
1 Welltower Inc US95040Q1040 9.08% $135.6M Equity (common) United States USD
2 Prologis Inc US74340W1036 7.94% $118.6M Equity (common) United States USD
3 Equinix Inc US29444U7000 5.24% $78.2M Equity (common) United States USD
4 Simon Property Group Inc US8288061091 4.69% $70.0M Equity (common) United States USD
5 American Tower Corp US03027X1000 4.10% $61.3M Equity (common) United States USD
6 Digital Realty Trust Inc US2538681030 3.95% $58.9M Equity (common) United States USD
7 Realty Income Corp US7561091049 3.63% $54.2M Equity (common) United States USD
8 Public Storage US74460D1090 3.43% $51.2M Equity (common) United States USD
9 CBRE Group Inc US12504L1098 2.75% $41.0M Equity (common) United States USD
10 Ventas Inc US92276F1003 2.71% $40.4M Equity (common) United States USD
11 Iron Mountain Inc US46284V1017 2.29% $34.2M Equity (common) United States USD
12 Crown Castle Inc US22822V1017 2.09% $31.2M Equity (common) United States USD
13 Extra Space Storage Inc US30225T1025 1.99% $29.8M Equity (common) United States USD
14 VICI Properties Inc US9256521090 1.79% $26.7M Equity (common) United States USD
15 AvalonBay Communities Inc US0534841012 1.68% $25.1M Equity (common) United States USD
16 Equity Residential US29476L1070 1.46% $21.8M Equity (common) United States USD
17 SBA Communications Corp US78410G1040 1.24% $18.6M Equity (common) United States USD
18 Weyerhaeuser Co US9621661043 1.16% $17.4M Equity (common) United States USD
19 Essex Property Trust Inc US2971781057 1.16% $17.4M Equity (common) United States USD
20 Host Hotels & Resorts Inc US44107P1049 1.13% $16.8M Equity (common) United States USD
21 Invitation Homes Inc US46187W1071 1.12% $16.7M Equity (common) United States USD
22 Kimco Realty Corp US49446R1095 1.10% $16.4M Equity (common) United States USD
23 Jones Lang LaSalle Inc US48020Q1076 1.07% $16.0M Equity (common) United States USD
24 WP Carey Inc US92936U1097 1.03% $15.3M Equity (common) United States USD
25 Sun Communities Inc US8666741041 0.99% $14.8M Equity (common) United States USD

Source: SEC Form N-PORT (opens in a new tab) Made public Holdings as of 31 Jul 2026

All 124 stored holdings

Breakdowns

Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.

Asset type

Asset type by weight
TypeWeightBar
Equity (common) 99.65%
Short-term investment vehicles (cash funds) 0.29%
Equity derivatives <0.01%

Country

Country by weight
CountryWeightBar
United States 99.75%
Bermuda 0.20%

The country each issuer is assigned to in the report.

Currency exposure

Currency exposure by weight
CurrencyWeightBar
US dollar (USD) 99.95%

The currency each holding is denominated in. Currency hedges are not netted off, so a hedged fund still shows its holdings' currencies.

Sector

Sector weights for holdings matched to listed stocks
SectorWeightBar
Real Estate 87.00%
Finance 7.64%
Unknown 1.64%
Consumer Discretionary 0.29%
Energy 0.13%

Partial coverage: sectors are known for 96.7% of net assets (97% of the fund's equity weight), the holdings matched by CUSIP or ticker to US stocks listed on this site. The rest is not assigned a sector.

Source: SEC Form N-PORT (opens in a new tab) Holdings as of

Distributions

Paid in the last 12 months
$0.9720
4 payments per unit
12-month yield
3.47%
Distributions only, not total return
Frequency
Quarterly
From the gaps between ex-dates
Latest ex-date
18 Sep 2026

12-month yield = distributions per unit with an ex-date in the last 12 months ($0.9720) ÷ latest price ($28.01) × 100 = 3.47%. It looks back, so it is not a forecast; special distributions in the window are included.

Why a distribution yield is not the fund's return: yield vs total return

Distribution history table (19 payments)
FREL distributions per unit by ex-date
Ex-dateAmount per unit
18 Sep 2026$0.2330
18 Jun 2026$0.2730
20 Mar 2026$0.2500
19 Dec 2025$0.2160
19 Sep 2025$0.2260
20 Jun 2025$0.2670
21 Mar 2025$0.2560
20 Dec 2024$0.2240
20 Sep 2024$0.2210
21 Jun 2024$0.2460
15 Mar 2024$0.2500
15 Dec 2023$0.2090
15 Sep 2023$0.2250
16 Jun 2023$0.2310
17 Mar 2023$0.3280
16 Dec 2022$0.1220
16 Sep 2022$0.2830
18 Mar 2022$0.2510
17 Dec 2021$0.2030

Source: Yahoo Finance (opens in a new tab) Checked · 2 days ago Amounts are adjusted for later unit splits

Filings and sources

Compare with

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How ETF overlap is measured, with a worked example

IMPORTANT FINANCIAL DISCLAIMER: The information provided on this platform is for educational and informational purposes only and should not be construed as investment advice. All investments involve risk, including potential loss of principal. Past performance does not guarantee future results. Take Profits is not a registered investment advisor and does not provide personalized investment advice. Users should conduct their own research and consult with qualified financial professionals before making investment decisions. Market data may be delayed and is provided by third-party sources.

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