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
179.2 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 08, 2007 |
| Assets (mns) | $179 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PROLOGIS INC | 8.7 % |
| EQUINIX INC | 7.7 % |
| WELLTOWER, INC. | 6.3 % |
| DIGITAL REALTY TRUST INC | 4.7 % |
| SIMON PROPERTY GROUP INC | 4.6 % |
| PUBLIC STORAGE | 4.2 % |
| REALTY INCOME CORP | 4.1 % |
| EXTRA SPACE STORAGE INC | 2.8 % |
| IRON MOUNTAIN INC | 2.8 % |
| VICI PROPERTIES INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 137 |
| Herfindahl-Hirschman Index | 330 |
| Wgt avg mkt cap (mns) | $35,952 |
| Large cap (>$10bn) | 77.0% |
| Mid cap ($2-10bn) | 19.6% |
| Small cap (<$2bn) | 3.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.3% | 26.6% | 11.2% | 2.2% | 5.0% | 5.9% | 5.0% | Volatility | 15.7% | 17.2% | 18.9% | 20.3% | 25.9% | 21.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 75% |
| MSCI EAFE | 1.01 | 70% |
| MSCI Emg Mkts | 0.77 | 40% |
Liquidity Measures
| Avg. volume (000) | 54 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $6,205 |
Technical Indicators
| Recent close | $27.15 |
| 30d moving avg. | $29.34 |
| Annualized volatility | 21.1% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 1.4% |
| Short interest (underlying) | 3.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FRI |
Expenses vs. FRI |
ALTAR Score™ vs. FRI |
|---|---|---|---|---|
| USRT | iShares Core U.S. REIT ETF | 95.2% | -42 bp | +0.3% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 90.9% | -39 bp | +0.3% |
| DFAR | Dimensional US Real Estate ETF | 85.9% | -31 bp | +0.5% |
| RWR | SPDR Dow Jones REIT ETF | 85.4% | -25 bp | +0.1% |
| SCHH | Schwab U.S. REIT ETF | 83.4% | -43 bp | +0.7% |
| FREL | Fidelity MSCI Real Estate Index ETF | 77.3% | -42 bp | +0.2% |
| VNQ | Vanguard Real Estate ETF | 77.0% | -38 bp | +0.2% |
| IYR | iShares U.S. Real Estate ETF | 74.2% | -10 bp | +0.1% |
| RWO | SPDR Dow Jones Global Real Estate ETF | 71.4% | 0 bp | +0.0% |
| REET | iShares Global REIT ETF | 71.0% | -36 bp | +0.3% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FRI
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FRI
6.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. FRI's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places FRI in the 62nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FRISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FRI (50 bp) Percentile rank | 55 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FRI | 50.0 | 7.3 | 57.3 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .