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FREL ETF · Fidelity MSCI Real Estate Index ETF
The Fidelity MSCI Real Estate Index ETF, denoted by the ticker symbol FREL, is an exchange-traded fund (ETF) primarily interested in real estate investments across the United States. Primarily, this fund seeks to track the performance of the MSCI USA IMI Real Estate Index. FREL's primary objective is to provide investors with access to invest indirectly in real estate through an indexed approach. This ETF offers investors the dual advantage of gaining wide exposure to sectors related to real estate while simultaneously providing them with the inherent benefits of an exchange-traded fund; including liquidity and transparency. While examining FREL's profile, it's quintessential to highlight that this ETF is based on a passive management—or index—investment approach following a full replication strategy when possible and using a representative sampling strategy when necessary. Please note, that investing involves risk including the risk of loss. It's imperative for you to conduct thorough research or consult a trusted investment professional before making any investment decisions. The provided information is subject to change and shouldn't be considered as investment advice.
Performance & flows
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +6.75%  | +5.38% | +13.00% | +29.64% | +17.13% | +6.52% | +6.52% | +7.65% | |
| Flows |
Key fund info
Essentials
Enterprise
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Risk profile
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +5.38% | +13.00% | +29.64% | +17.13% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
Exposure
Sustainability
ESG Consensus® by Conser
Our partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about FREL ETF's sustainability, based on their methodology.
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
FREL’s has a Final Sustainability Grade of either C+, C, C-, or D.
Replication
Issuer
| AuM | ||
|---|---|---|
FBND | Fidelity Total Bond ETF | €21.86B |
FTEC | Fidelity MSCI Information Technology Index ETF | €15.29B |
FBTC | Fidelity Wise Origin Bitcoin Fund | €12.52B |
ONEQ | Fidelity NASDAQ Composite Index ETF | €8.36B |
FDVV | Fidelity High Dividend ETF | €7.8B |
Frequently asked questions about FREL
What does Fidelity MSCI Real Estate Index ETF, FREL, invest in?
FREL is a Passive ETF. This ETF provides exposure to US Real Estate Equities.
Which benchmark or index does FREL replicate?
FREL tracks the MSCI USA IMI Real Estate 25/25 GTR Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of FREL?
FREL carries a total expense ratio (TER) of 0.08%, indicating the annual cost for holding the fund.
When was FREL launched?
FREL was introduced to the market on February 2, 2015. It trades on United States
Who is the ETF issuer of FREL?
Fidelity MSCI Real Estate Index ETF, FREL, is provided by Fidelity. Learn more about Fidelity here.
What is the current assets under management (AUM) of FREL?
FREL oversees €1.22B in assets as of April 22, 2026.
How has FREL performed lately?
Based on data from April 22, 2026, FREL returned 6.75% over the past month, 5.38% over the last three months and 7.65% year-to-date.
What are the latest inflows or outflows for FREL?
As of April 22, 2026, FREL recorded net flows of -€6.2M over the last month and +€224M year-to-date.
Does FREL distribute dividends?
FREL follows a distributing dividend policy, meaning it pays out income to investors. As of April 22, 2026, its 12-month trailing yield was 3.34%.
What are the main country or region exposures of FREL?
As of March 31, 2026, FREL has significant geographic allocations in USA.
In which sector or theme does FREL invest in?
As of March 31, 2026, FREL focuses largely on Real Estate and Industrials.
How many securities does FREL hold and how diversified is it?
As of March 31, 2026, FREL holds 127 positions in its portfolio, with 57.23% of assets concentrated in its top 15 holdings.
What are the main positions in FREL?
As of March 31, 2026, FREL top three holdings include WELLTOWER INC, PROLOGIS REIT and AMERICAN TOWER CL A REIT.
What is the base currency of FREL?
The base currency of FREL is USD.
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