FREI Fidelity Real Estate Income ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

FREI — —
Key stats
About

Fidelity Real Estate Income ETF (FREI) ETF

No description available.

Exchange
XNAS
Inception
2026-06-16
Has Options
No
Fund profile
holdings as of Apr 30, 2026SEC filingthrough Jul 2026flows, SEC filings
Taxable Bond Multisector Bond#143 of 155 by assets Fidelity Actively managed
Expense ratio
0.57%
prospectus, filed Jun 10, 2026
Assets
—
Trailing yield
1.95%
paid quarterly
Average daily volume
$471K
30 sessions
Holdings
578
top 10 are 13.6%
Listed
Jun 16, 2026
Nasdaq
Closure risk, 12 months
2.2%
low: age, trading volume · model
FrenzyCap ETF score
39
how it is built
Cost16
Liquidity22
Scalen/a
Diversification100

Stated objective. Fidelity Real Estate Income Fund seeks higher than average income. As a secondary objective, the fund also seeks capital growth. (from the fund's prospectus)

All 578 holdingsFlow historyOverlap toolAll Multisector Bond ETFs

Fund flows
through Jul 2026SEC filings
Reported for all 6 share classes of this fund together, including its mutual fund classes.
Jul 2026
+$300M
latest reported month
Latest 3 months
+$284M
+6.4% of assets
Latest 12 months
−$1.3B
−28.5% of assets
Aug 2025: +$26MSep 2025: +$136MSepOct 2025: +$23MNov 2025: +$26MNovDec 2025: +$51MJan 2026: +$100MJanFeb 2026: +$93MMar 2026: −$34MMarApr 2026: −$2.0B−$2.0BMay 2026: −$32MMayJun 2026: +$16MJul 2026: +$300M+$300MJul
View as a table
Net flows of FREI by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026+$300M
Jun 2026+$16M
May 2026−$32M
Apr 2026−$2.0B
Mar 2026−$34M
Feb 2026+$93M
Jan 2026+$100M
Dec 2025+$51M
Nov 2025+$26M
Oct 2025+$23M
Sep 2025+$136M
Aug 2025+$26M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago

Similar funds
FundOverlapFeeAssets1Y
BINCiShares Flexible Income Active ETF—0.40%$16.4B−4.5%compare
PYLDPIMCO Multi Sector Bond Active ETF——$15.9B−5.1%compare
JPIEJPMorgan Income ETF—0.39%$10.9B−3.0%compare
BONDPIMCO Active Bond Exchange-Traded Fund—0.54%$8.5B−6.7%compare
CGCPCapital Group Core Plus Income ETF—0.34%$8.4B−6.5%compare

The largest other funds in the Multisector Bond category.

Look-through: what the holdings say
weights as of Apr 30, 2026SEC filing
Holdings vs fair value
+10.8%
35% under, 8% over · 65% covered
Price / earnings
29.6
2% loss-making · 68% covered
Price / book · sales
2.4 · 6.9
revenue growth +8.9%
Above 200-day average
34%
14% above 50-day · by weight
Short interest
3.8%
of float, weighted · 4.3 days to cover
Insider buying
9%
of weight had net insider buying, 90 days; 26% net selling
13F holders
−0.2%
change in shares held by institutions, latest quarter
Reporting earnings
4.9%
of weight in 7 days; 8.2% in 14
Largest contributors below fair value
INVH+39%VICI+50%UDR+36%GLPI+50%UMH+50%
Largest contributors above fair value
EQIX−8%AMT−7%LXP−24%WELL−7%PLD−6%

Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.

What changed in the portfolio
Jan 31, 2026 → Apr 30, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
IncreasePLDPROLOGIS INC0.08%1.64%+649.3%
IncreaseAMTAMERICAN TOWER CORP1.91%2.17%+15.4%
DecreaseEQIXEQUINIX INC1.97%2.20%−12.7%
IncreaseSPGSIMON PROPERTY GROUP INC0.15%0.37%+135.3%
IncreaseINVHINVITATION HOMES INC1.18%1.38%+12.4%
DecreasePSAPUBLIC STORAGE0.68%0.50%−31.4%
DecreaseCURBCURBLINE PROPERTIES CORP0.25%0.06%−76.8%
ExitLGIHLGI HOMES INC0.15%——
DecreaseFRFIRST INDUSTRIAL REALTY TRUST INC0.44%0.28%−36.9%
DecreaseKIMKIMCO REALTY CORP0.52%0.37%−33.6%

2 new, 4 exited, 17 increased and 20 decreased between the fund's two latest holdings reports; turnover 8.6%. Full holdings and history

Under the hood
fiscal year to Jul 31, 2025SEC census
Securities lending
0.13%
of assets on loan on average; earned 0.0 bp

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-07-31
Holdings
564
AUM
$5.8B
Provider
Nport
Inception
2026-06-16
Exchange
XNAS
Data As Of
2026-07-31
Expense Ratio
0.57%
Dividend Yield
1.95%
Distribution
Quarterly
Recent distributions
Ex-Date Pay Date Amount Type
2026-10-02 2026-10-06 $0.2860 CD
2026-07-10 2026-07-14 $0.1780 CD
Asset Allocation
Top Holdings
top 50 of 564 holdings
Symbol Name Weight % Asset Class Country
— Fidelity Revere Street Trust 6.62% Short-term investment US
EQIX EQUINIX INC 1.97% Equity (common) US
AMT AMERICAN TOWER CORP 1.91% Equity (common) US
PLD PROLOGIS INC 1.70% Equity (common) US
WELL WELLTOWER INC 1.48% Equity (common) US
ELS EQUITY LIFESTYLE PROPERTIES INC 1.29% Equity (common) US
INVH INVITATION HOMES INC 1.18% Equity (common) US
UDR UDR INC 1.01% Equity (common) US
VICI VICI PPTYS INC 0.90% Equity (common) US
VTR VENTAS INC 0.83% Equity (common) US
SUI SUN COMMUNITIES INC 0.71% Equity (common) US
PSA PUBLIC STORAGE 0.68% Equity (common) US
— CROWN CASTLE INC 0.65% Debt US
DLR DIGITAL REALTY TRUST INC 0.61% Equity (common) US
NLYPF ANNALY CAPITAL MANAGEMENT INC 0.61% Equity (preferred) US
— INVITATION HOMES OPERATING PARTNERSHIP LP 0.58% Debt US
— INVITATION HOMES OPERATING PARTNERSHIP LP 0.58% Debt US
AVB AVALONBAY COMMUNITIES INC 0.57% Equity (common) US
EQR EQUITY RESIDENTIAL 0.56% Equity (common) US
KIM KIMCO REALTY CORP 0.52% Equity (common) US
— CROWN CASTLE INC 0.52% Debt US
— CROWN CASTLE INC 0.52% Debt US
— BX TR 2019-OC11 0.52% Mortgage-backed US
— AMERICAN TOWER CORP 0.51% Debt US
GLPI GAMING AND LEISURE PROPERTIES INC 0.51% Equity (common) US
AGNCO AGNC INVESTMENT CORP 0.50% Equity (preferred) US
— VICI PROPERTIES LP 0.50% Debt US
LXP LXP INDUSTRIAL TRUST 0.49% Equity (common) US
— HOME PARTNERS AMER 2021-2 TR 0.47% Other US
KRG KITE REALTY GROUP TRUST 0.46% Equity (common) US
— EQUINIX INC 0.46% Debt US
— ANNALY CAPITAL MANAGEMENT INC 0.46% Equity (preferred) US
— VICI PROPERTIES LP / VICI NOTE CO INC 0.45% Debt US
RITMPB RITHM CAPITAL CORP 0.44% Equity (preferred) US
— AMERICAN HOMES 4 RENT LP 0.44% Debt US
— SBA SENIOR FINANCE II LLC 0.44% Loan US
FR FIRST INDUSTRIAL REALTY TRUST INC 0.44% Equity (common) US
— AMERICAN HOMES 4 RENT LP 0.43% Debt US
RITMPC RITHM CAPITAL CORP 0.43% Equity (preferred) US
— AMERICOLD REALTY OPERATING PARTNERSHIP LP 0.41% Debt US
— SBA COMMUNICATIONS CORP 0.41% Debt US
ESS ESSEX PROPERTY TRUST INC 0.41% Equity (common) US
— SAFEHOLD GL HOLDINGS LLC 0.41% Debt US
— VICI PROPERTIES LP 0.40% Debt US
— AGNC INVESTMENT CORP 0.40% Equity (preferred) US
— BX TRUST 2025-ROIC 0.39% Mortgage-backed US
CCI CROWN CASTLE INC 0.39% Equity (common) US
EXR EXTRA SPACE STORAGE INC 0.39% Equity (common) US
— VICI PROPERTIES LP 0.39% Debt US
— ESSEX PORTFOLIO LP 0.39% Debt US
Non-Equity Breakdown
Fidelity Real Estate Income Fund · NPORT-P period 2026-04-30 (filed 2026-06-26)
Net assets: $4.10B · 578 total positions · equity 35.43% · non-equity 64.14%
Non-equity holdings — 432 positions, 64.14% of NAV
Category Weight Value Positions
Corporate 36.96% $1.51B 209
Mortgage-backed (Corporate) 18.78% $769.3M 194
Short-term investment 5.19% $212.7M 2
CBO/CDO (Corporate) 1.64% $67.1M 14
Corporate 1.56% $64.0M 11
CBO/CDO (US Govt-Sponsored Entity) 0.00% $27081 2
Chart
Seasonality
'26Avg
Jan----
Feb----
Mar----
Apr----
May----
Jun0.61%0.61%
Jul-0.38%-0.38%
Aug-0.14%-0.14%
Sep-3.04%-3.04%
Oct-0.69%*-0.69%
Nov----
Dec----
Total-3.62%-3.62%
* Only 1 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $24.15
SMA 50: $24.57
SMA 200: —
Current: $23.85
EMA 12: $23.94
EMA 26: $24.19
MACD: -0.2511 | Signal: -0.0220
BEARISH
ADX (14): 38.24
TREND
+DI: 17.59
−DI: 43.69

Momentum Oscillators

RSI (14): 31.18
NEUTRAL
Stoch %K: 12.25
Stoch %D: 8.52
Williams %R: -76.74

Volume & Volatility

BB Upper: $24.76
BB Lower: $23.53
NEUTRAL
OBV: -323,030
Vol SMA 20: 23,759
Vol ROC: -71.31%
ATR: $0.12
True Range: $0.09
HV 20: 6.4%
HV 30: 5.6%
HV 60: 6.2%

Data Summary

Data Points: 79
Last Updated:
Date Range: 2026-06-18T00:00:00 – 2026-10-09T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
All FREI news →

FREI Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.0337
Alpha: -13.66%
Correlation: 0.0619
R-Squared: 0.4%
Stock Volatility: 6.1%
Market Volatility: 11.2%

Analysis Details

Benchmark: SPY
Data Points: 78
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

FREI Institutional Ownership (13F)

Latest filings — 2026-06-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

3 filers103,374 shares$2.48M value
# Filer Shares Value % of Total % of Float Period
1 FMR LLC Custodian 95,000 $2.38M 95.84% — 2026-06-30
2 Financial Gravity Companies, Inc. 4,199 $52.45K 2.12% — 2026-06-30
3 Financial Gravity Asset Management, Inc. 4,175 $50.68K 2.04% — 2026-03-31
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month