FRI
First Trust S&P REIT Index Fund
First Trust S&P REIT Index Fund seeks investment results that correspond generally to the S&P REIT Composite Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 196.8 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | May 08, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| WELLTOWER, INC. | 12.4 % |
| PROLOGIS INC | 9.5 % |
| DIGITAL REALTY TRUST INC | 4.6 % |
| EQUINIX INC | 4.6 % |
| SIMON PROPERTY GROUP INC | 4.4 % |
| REALTY INCOME CORP | 4.3 % |
| US DOLLAR | 4.2 % |
| PUBLIC STORAGE | 3.8 % |
| EQUITY RESIDENTIAL | 3.6 % |
| VENTAS INC | 3.3 % |
Constituent Breakdown
| Number of holdings | 125 |
| Herfindahl-Hirschman Index | 411 |
| Wgt avg mkt cap (mns) | $56,659 |
| Large cap (>$10bn) | 76.8% |
| Mid cap ($2-10bn) | 16.1% |
| Small cap (<$2bn) | 2.5% |
| Developed mkts. | 95.3% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 95.2 % |
Historical Performance
Standardized Performance (as of 08/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.9% | 12.1% | 3.9% | 8.6% | 1.0% | 2.4% | -- | 2.3% |
| Dividend Yield | 1.0% | 3.1% | 3.0% | 3.0% | 2.9% | 3.0% | -- | 2.8% |
| Total Returns | 16.0% | 15.2% | 6.9% | 11.6% | 3.9% | 5.4% | -- | 5.1% | Ann. Volatility | 14.3% | 13.5% | 16.0% | 16.8% | 18.7% | 21.1% | -- | 27.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.25 | 6% |
| MSCI EAFE | 0.32 | 14% |
| MSCI Emg Mkts | 0.05 | 1% |
Liquidity Measures
| Avg. volume (000) | 34 |
| ADV traded (mns) | $1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| 30d moving avg. (EMA) | $32.13 |
| Relative strength (RSI) | 53 |
| MACD/Signal | -0.06/0.05 |
| Bollinger Bands (Upper/Lower) | $33.45/$31.42 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FRI |
Expenses vs. FRI |
ALTAR Score™ vs. FRI |
|---|---|---|---|---|
| SCHH | Schwab U.S. REIT ETF | 87.4% | -43 bp | +0.8% |
| USRT | iShares Core U.S. REIT ETF | 87.3% | -42 bp | +0.5% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 86.2% | -39 bp | +0.7% |
| DFAR | Dimensional US Real Estate ETF | 85.7% | -31 bp | +0.8% |
| RWR | State Street SPDR Dow Jones REIT ETF | 83.3% | -25 bp | +0.3% |
| IYR | iShares U.S. Real Estate ETF | 79.7% | -10 bp | +0.4% |
| VNQ | Vanguard Real Estate ETF | 78.6% | -37 bp | +0.4% |
| FREL | Fidelity MSCI Real Estate Index ETF | 77.7% | -42 bp | +0.6% |
| REET | iShares Global REIT ETF | 70.0% | -36 bp | +0.6% |
| RWO | SPDR Dow Jones Global Real Estate ETF | 69.8% | 0 bp | -0.2% |
Risk and Returns: FRI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.1%
ALTAR SCORE™
82nd
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,408 funds in the US Equity category with an average
ALTAR Score™ of 5.2% and a standard deviation
of 2.0%. FRI's ALTAR Score™ is approximately 0.9 standard
deviations above the category average. This places FRI in the 82nd percentile
among funds in the category.
Sell-Side Consensus
$32.75
PRICE TARGET
+4.8%
UPSIDE