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Trending ETFs

Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.58

$13.2 M

3.23%

$0.66

0.59%

Vitals

YTD Return

-4.3%

1 yr return

5.8%

3 Yr Avg Return

-0.5%

5 Yr Avg Return

N/A

Net Assets

$13.2 M

Holdings in Top 10

54.7%

52 WEEK LOW AND HIGH

$20.6
$17.61
$21.90

Expenses

OPERATING FEES

Expense Ratio 0.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.58

$13.2 M

3.23%

$0.66

0.59%

FPRO - Profile

Distributions

  • YTD Total Return -4.3%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity Real Estate Investment ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Feb 04, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Steven Buller

Fund Description

The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. Instead, the fund publishes each business day on its website a "Tracking Basket," which is designed to closely track the daily performance of the fund but is not the fund's actual portfolio. The Tracking Basket is comprised of: (1) select recently disclosed portfolio holdings and/or select securities from the universe from which the fund's investments are selected (Strategy Components); (2) liquid ETFs that convey information about the types of instruments (that are not otherwise fully represented by the Strategy Components) in which the fund invests (Representative ETFs); and (3) cash and cash equivalents. For additional information regarding the Tracking Basket, see "Additional Information about each Fund - Tracking Basket Structure" in the prospectus.The fund also publishes each business day on its website the "Tracking Basket Weight Overlap," which is the percentage weight overlap between the holdings of the prior business day's Tracking Basket compared to the holdings of the fund that formed the basis for the fund's calculation of net asset value per share (NAV) at the end of the prior business day. The Tracking Basket Weight Overlap is designed to provide investors with an understanding of how similar the Tracking Basket is to the fund's actual portfolio in percentage terms.Normally investing primarily in equity securities.Normally investing at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments.Investing in domestic and foreign issuers.Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Read More

FPRO - Performance

Return Ranking - Trailing

Period FPRO Return Category Return Low Category Return High Rank in Category (%)
YTD -4.3% -49.2% 10.9% 94.79%
1 Yr 5.8% -47.4% 130.4% 1.39%
3 Yr -0.5%* -23.7% 27.3% N/A
5 Yr N/A* -14.5% 18.2% N/A
10 Yr N/A* -9.4% 11.1% N/A

* Annualized

Return Ranking - Calendar

Period FPRO Return Category Return Low Category Return High Rank in Category (%)
2023 7.7% -51.3% 81.2% N/A
2022 -26.8% -21.3% 31.3% N/A
2021 N/A -14.7% 41.4% N/A
2020 N/A -26.4% 9.4% N/A
2019 N/A -10.9% 7.8% N/A

Total Return Ranking - Trailing

Period FPRO Return Category Return Low Category Return High Rank in Category (%)
YTD -4.3% -49.2% 10.9% 94.44%
1 Yr 5.8% -47.4% 130.4% 2.08%
3 Yr -0.5%* -23.7% 27.3% N/A
5 Yr N/A* -14.5% 21.6% N/A
10 Yr N/A* -9.4% 14.3% N/A

* Annualized

Total Return Ranking - Calendar

Period FPRO Return Category Return Low Category Return High Rank in Category (%)
2023 11.0% -51.3% 81.2% N/A
2022 -25.0% -21.3% 31.3% N/A
2021 N/A -14.7% 41.4% N/A
2020 N/A -26.4% 9.4% N/A
2019 N/A -10.7% 8.2% N/A

FPRO - Holdings

Concentration Analysis

FPRO Category Low Category High FPRO % Rank
Net Assets 13.2 M 1.28 M 78.4 B 93.31%
Number of Holdings 38 20 642 41.00%
Net Assets in Top 10 7.33 M 7.44 K 35.2 B 91.67%
Weighting of Top 10 54.66% 15.9% 99.8% 29.01%

Top 10 Holdings

  1. PROLOGIS INC REIT 11.41%
  2. EQUINIX INC 7.51%
  3. CROWN CASTLE INC 6.42%
  4. VENTAS INC REIT 5.92%
  5. SBA COMMUNICATIONS CORP 5.79%
  6. PUBLIC STORAGE 4.19%
  7. DIGITAL REALTY TRUST INC 3.64%
  8. KIMCO REALTY CORPORATION 3.44%
  9. CUBESMART 3.21%
  10. CBRE GROUP INC - CL A 3.14%

Asset Allocation

Weighting Return Low Return High FPRO % Rank
Stocks
98.88% 0.01% 106.94% 22.33%
Cash
1.12% -98.06% 25.84% 75.33%
Preferred Stocks
0.00% -0.12% 33.96% 60.67%
Other
0.00% -1.70% 94.17% 63.00%
Convertible Bonds
0.00% 0.00% 10.95% 57.67%
Bonds
0.00% -3.17% 97.45% 60.00%

Stock Sector Breakdown

Weighting Return Low Return High FPRO % Rank
Utilities
0.00% 0.00% 9.09% 54.74%
Technology
0.00% 0.00% 12.02% 18.95%
Real Estate
0.00% 34.46% 100.00% 50.53%
Industrials
0.00% 0.00% 7.39% 58.95%
Healthcare
0.00% 0.00% 38.15% 56.14%
Financial Services
0.00% 0.00% 37.05% 60.00%
Energy
0.00% 0.00% 33.11% 56.14%
Communication Services
0.00% 0.00% 11.61% 6.67%
Consumer Defense
0.00% 0.00% 1.53% 55.09%
Consumer Cyclical
0.00% 0.00% 45.29% 76.14%
Basic Materials
0.00% 0.00% 13.69% 56.49%

Stock Geographic Breakdown

Weighting Return Low Return High FPRO % Rank
US
98.88% 0.01% 101.17% 19.33%
Non US
0.00% 0.00% 44.90% 75.00%

FPRO - Expenses

Operational Fees

FPRO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.07% 4.72% 85.62%
Management Fee 0.59% 0.00% 1.50% 28.19%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

FPRO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

FPRO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FPRO Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.11% 380.00% 25.56%

FPRO - Distributions

Dividend Yield Analysis

FPRO Category Low Category High FPRO % Rank
Dividend Yield 3.23% 0.00% 20.32% 30.56%

Dividend Distribution Analysis

FPRO Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Quarterly Quarterly

Net Income Ratio Analysis

FPRO Category Low Category High FPRO % Rank
Net Income Ratio N/A -1.14% 6.05% 21.72%

Capital Gain Distribution Analysis

FPRO Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

FPRO - Fund Manager Analysis

Managers

Steven Buller


Start Date

Tenure

Tenure Rank

Feb 02, 2021

1.32

1.3%

Steven Buller is a vice president and portfolio manager for Fidelity Investments. Mr. Buller manages Fidelity Real Estate Investment Portfolio and Fidelity International Real Estate Fund. Mr. Buller joined Fidelity in 1992 as an analyst in the High Income Group, where he followed a variety of industries and later focused on distressed and bankrupt securities. Born in 1967, Mr. Buller received a Bachelor of Arts degree in Finance and German literature in 1990 and a Master of Science degree in Finance in 1992, both from the University of Wisconsin.

Wan Hua Tan


Start Date

Tenure

Tenure Rank

May 01, 2022

0.08

0.1%

Since joining Fidelity Investments in 2022, Ms. Tan has worked as a qualitative analyst and portfolio manager. Prior to joining the firm, Ms. Tan served as a quantitative analyst and portfolio manager at Acadian Asset Management from 2014 to 2022.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 7.94 2.23