FRI - ETF AI Analysis
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First Trust S&P REIT Index Fund (FRI)
Rating:67Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains over the past month, three months, and year to date, indicating solid recent momentum.
Leading REIT Holdings
Several of the largest real estate holdings, including data center and healthcare REITs, have delivered strong year-to-date performance that supports the fund’s returns.
Focused Real Estate Exposure
The fund’s heavy allocation to real estate companies gives investors targeted exposure to the REIT market, which can provide income and diversification versus traditional stocks and bonds.
Negative Factors
High Concentration in Top Positions
A small number of holdings make up a large share of the portfolio, so performance is heavily influenced by how these few REITs behave.
Single-Sector Risk
With the vast majority of assets in the real estate sector, the ETF is vulnerable to downturns specific to property markets, interest rates, or REIT regulations.
Higher Expense Ratio
The fund’s expense ratio is relatively high for a passive index ETF, which means more of the returns are eaten up by fees over time.
FRI vs. SPDR S&P 500 ETF (SPY)
AUM176.34M
RegionNorth America
Expense Ratio0.50%
Beta0.55
IssuerFirst Trust
Inception DateMay 08, 2007
Dividend Yield2.53%
Asset ClassEquity
Index TrackedS&P United States REIT
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume29,770
30 Day Avg. Volume25,882
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
33.66Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering131
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FRI Summary
The First Trust S&P REIT Index Fund (FRI) is an ETF that follows the S&P United States REIT Index, giving you broad exposure to U.S. real estate investment trusts (REITs). These are companies that own and manage properties like apartments, warehouses, data centers, and shopping malls. Well-known holdings include Prologis and Simon Property. Investors might consider FRI for diversification and the potential for regular income from real estate rents paid out as dividends. A key risk is that it is heavily concentrated in real estate, so its value can rise or fall with the property market and interest rates.
How much will it cost me?The First Trust S&P REIT Index Fund (FRI) has an expense ratio of 0.49%, meaning you’ll pay $4.90 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is a sector-focused fund that tracks a specialized index, requiring more management compared to broad-market passive funds.
What would affect this ETF?The First Trust S&P REIT Index Fund (FRI) could benefit from stable or declining interest rates, as lower borrowing costs often support real estate investments and REIT profitability. Additionally, strong demand for commercial and industrial properties in the U.S. may drive growth for top holdings like Prologis and Equinix. However, rising interest rates or economic downturns could negatively impact property values and rental income, while regulatory changes in the real estate sector might pose challenges for REITs.
FRI Top 10 Holdings
FRI is very much a pure-play U.S. real estate story, with performance heavily steered by a few big REITs. Healthcare and logistics names like Welltower and Prologis are rising and doing much of the heavy lifting, while Iron Mountain has been a standout climber thanks to its data-center tilt. On the flip side, data-center giants Equinix and Digital Realty have recently lost a bit of steam, and stalwart Realty Income has been lagging, acting as a mild brake. Overall, the fund is concentrated in U.S. REITs, with notable exposure to property and digital infrastructure themes.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Welltower | 11.25% | $19.49M | $152.60B | 44.92% | 77 Outperform | |
| Prologis | 10.04% | $17.38M | $138.90B | 40.23% | 76 Outperform | |
| Simon Property | 4.68% | $8.10M | $66.40B | 30.39% | 70 Outperform | |
| Equinix | 4.64% | $8.04M | $106.49B | 25.05% | 73 Outperform | |
| Digital Realty | 4.61% | $7.99M | $67.48B | 14.22% | 69 Neutral | |
| Realty Income | 4.27% | $7.40M | $57.83B | 11.69% | 70 Outperform | |
| ― | 3.73% | $6.46M | ― | ― | ― | |
| Public Storage | 3.60% | $6.23M | $53.59B | 2.88% | 73 Outperform | |
| Ventas | 3.12% | $5.40M | $43.88B | 37.52% | 68 Neutral | |
| Iron Mountain | 2.81% | $4.87M | $37.62B | 31.44% | 55 Neutral |
FRI Technical Analysis
Positive
―
Price Trends
29.93
Positive
29.31
Positive
28.29
Positive
Market Momentum
0.28
Positive
62.26
Neutral
92.35
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FRI, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 30.86, equal to the 50-day MA of 29.93, and equal to the 200-day MA of 28.29, indicating a bullish trend. The MACD of 0.28 indicates Positive momentum. The RSI at 62.26 is Neutral, neither overbought nor oversold. The STOCH value of 92.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FRI.
FRI Peer Comparison
Comparison Results
Performance Comparison
FRI
First Trust S&P REIT Index Fund
31.28
4.96
18.84%
REZ
iShares Residential and Multisector Real Estate ETF
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JPRE
JPMorgan Realty Income ETF
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KBWY
Invesco KBW Premium Yield Equity REIT ETF
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―
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IYRI
NEOS Real Estate High Income ETF
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―
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RIET
Hoya Capital High Dividend Yield ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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