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Snapshot: FREL


24.21down-0.18 (-0.74%)

 as of 6:30:00pm ET 04/26/2017
Bid/Size 23.36/1
Ask/Size 0.00/0
Open 24.34
High 24.3979
Low 24.18
Previous Close
AS OF 04/26/2017
Price Performance (Last 52 Wk)
as of 04/25/2017
Volume 166,983
Volume (90-Day Average) 164,297
Indicative Intraday Value Log in
NAV (Previous Day)
AS OF 04/26/2017
Bid/Ask Midpoint (Previous Day)
AS OF 04/25/2017
Bid/Ask Spread (1 Month Average)
as of 03/31/2017
Premium / Discount (Previous Day)
as of 04/25/2017
Premium / Discount (1 Month Rolling Average)
as of 04/25/2017
Tracking Error 0.16
Options No
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ETP Type


Asset Class

Real Estate

Geography Objective


Net Assets
AS OF 04/25/2017


Net Expense Ratio



Fidelity Management & Research

Inception Date


Investment Philosophy

Passively Managed

Benchmark Index

MSCI USA IMI Real Estate Index

Index Composition


Legal Structure

Open-End Investment Company


Seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Real Estate Index. Investing 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 Index, which represents the performance of the real estate sector in the U.S. equity market. Using a representative sampling indexing strategy to manage the fund. "Representative sampling" is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the index. The fund may or may not hold all of the securities in the MSCI USA IMI Real Estate Index.

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News, Commentary & Events

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Analyst Opinions

Analyst Ratings

Firm Name As of Date Action Rating Report
S&P Capital IQ 02/28/2017 Downgrade Log in for rating & report 04/26/2017 -- A Details PDF Report
Ned Davis Research Group -- -- Log in for rating & report
XTF Inc. 02/28/2017 Reiterate 9.00000 out of 10 XTF Inc. PDF Report
More Analyst Opinions

Key Statistics

30-day SEC Yield
AS OF 04/12/2017
Distribution Yield (TTM)
AS OF 03/31/2017
See all Key Stats


Asset Class Median
Volume (10-Day Avg)
AS OF 04/25/2017
143.9K 33.1M
1 Week Market Total Return
AS OF 04/25/2017
-1.05% -0.30%
1 Month Market Total Return
AS OF 04/25/2017
+3.52% +3.12%
1 Year Market Total Return
AS OF 04/25/2017
+8.24% +5.66%
3 Year Annualized Market Total Return
AS OF 04/25/2017
-- +9.07%
Beta (1 Year Month-End)
AS OF 03/31/2017
0.92% 0.82
Annual Turnover Ratio
AS OF 07/31/2016
10.00% 13.00%
Net Expense Ratio
AS OF 11/29/2016
0.084% 0.48%
Compare to Other ETFs


Growth of Hypothetical $10,000 * AS OF 03/31/2017

Cumulative Total Returns AS OF 04/25/2017
NAV Return Market Return MSCI USA IMI Real Estate Index
AS OF 02/28/2017
YTD +4.77% +4.74% +4.26%
4 Weeks +3.39% +3.52% +4.17%
13 Weeks +3.20% +3.33% +7.51%
26 Weeks +4.99% +5.10% -0.37%
Quarter-End Average Annual Total Returns AS OF 03/31/2017
NAV Return Market Return
1 Year +5.43% +5.48%
3 Year -- --
5 Year -- --
10 Year -- --
Life +3.19% +2.46%
Life as of inception date: 02/02/2015   Note that market returns are calculated using the first day the funds were listed on an exchange, with that value back dated to the fund's inception date for life of fund returns. Gross Expense Ratio: 0.084%

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Total Basket Holdings AS OF 04/25/2017

168 (Long: 167 | Short: 0)
View All
Top 10 (32.62% of total holdings)
AMT American Tower Corp 5.15%
SPG Simon Property Group Inc 5.15%
CCI Crown Castle International Corp 3.31%
PSA Public Storage 3.24%
EQIX Equinix Inc 3.04%
PLD Prologis Inc 2.83%
HCN Welltower Inc 2.57%
AVB AvalonBay Communities Inc 2.53%
WY Weyerhaeuser Co 2.48%
EQR Equity Residential 2.32%
More about Portfolio Composition
Free commission offer applies to online purchases of Fidelity ETFs and select iShares ETFs in a Fidelity brokerage account. Fidelity accounts may require minimum balances. The sale of ETFs is subject to an activity assessment fee (of between $0.01 to $0.03 per $1,000 of principal). iShares ETFs and Fidelity ETFs are subject to a short-term trading fee by Fidelity if held less than 30 days. *The chart illustrates the NAV performance of a hypothetical $10,000 investment made in the fund on 12/31/1999 or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

**The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics, which are based on risk-adjusted returns. The Morningstar Rating TM for funds, or "star rating," is calculated for funds with at least a three-year history. (Exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes.) It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each fund category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance. Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

Top basket holdings are as of the date indicated and may not be representative of the funds current or future investments.

News, commentary and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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