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 fund has delivered strong gains so far this year and in recent months, showing solid momentum in its REIT holdings.
Leading REITs in Top Holdings
Several of the largest positions, such as Welltower, Equinix, and Iron Mountain, have shown strong performance, helping drive the ETF’s returns.
Focused Real Estate Exposure
The ETF offers targeted exposure to U.S. real estate companies, which can benefit investors seeking income and diversification away from traditional stocks and bonds.
Negative Factors
High Concentration in Top Positions
A significant portion of the fund is invested in a few large REITs, which increases the impact that any one company’s performance can have on the ETF.
Single-Sector Risk
With most assets in the real estate sector, the fund is highly sensitive to property market conditions, interest rates, and sector-specific downturns.
Limited Geographic Diversification
The ETF is heavily focused on U.S. companies, offering little exposure to real estate markets in other regions.
FRI vs. SPDR S&P 500 ETF (SPY)
AUM188.84M
RegionNorth America
Expense Ratio0.50%
Beta0.49
IssuerFirst Trust
Inception DateMay 08, 2007
Dividend Yield2.54%
Asset ClassEquity
Index TrackedS&P United States REIT
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume43,189
30 Day Avg. Volume38,667
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
35.49Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering125
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 focuses on real estate companies called REITs, which own and manage properties like apartments, warehouses, offices, and shopping centers. It follows the S&P United States REIT Index, giving you broad exposure to the U.S. real estate market in a single investment. Well-known holdings include Prologis and Equinix. Investors might choose FRI for potential income from regular dividends and for diversification away from traditional stocks and bonds. However, because it is heavily focused on real estate, its value can rise or fall with property markets, interest rates, and the overall economy.
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 U.S. real estate story, with performance hinging on a handful of heavyweight REITs. Welltower is one of the main engines, rising over the year as senior housing demand builds, while Equinix and Digital Realty add a powerful data-center twist that’s been steadily lifting returns. Prologis, a key player in logistics real estate, has been more mixed lately, softening the overall ride. On the flip side, Simon Property and Realty Income have been lagging in the short term, acting like a bit of an anchor on this otherwise REIT-heavy, income-focused fund.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Welltower | 12.69% | $24.49M | $169.01B | 41.34% | 77 Outperform | |
| Prologis | 9.56% | $18.45M | $129.63B | 17.38% | 76 Outperform | |
| Equinix | 4.61% | $8.89M | $100.27B | 30.48% | 73 Outperform | |
| Digital Realty | 4.54% | $8.75M | $67.18B | 5.80% | 69 Neutral | |
| ― | 4.36% | $8.41M | ― | ― | ― | |
| Simon Property | 4.35% | $8.39M | $65.66B | 13.54% | 70 Outperform | |
| Realty Income | 4.09% | $7.88M | $54.08B | -4.29% | 70 Outperform | |
| Public Storage | 3.79% | $7.31M | $55.06B | 3.71% | 73 Outperform | |
| Vivmark Residential | 3.52% | $6.79M | $48.74B | -2.90% | 70 Outperform | |
| Ventas | 3.29% | $6.34M | $46.25B | 30.99% | 68 Neutral |
FRI Technical Analysis
Negative
―
Price Trends
31.91
Negative
31.50
Negative
29.98
Positive
Market Momentum
-0.41
Positive
26.59
Positive
12.47
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FRI, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 31.27, equal to the 50-day MA of 31.91, and equal to the 200-day MA of 29.98, indicating a neutral trend. The MACD of -0.41 indicates Positive momentum. The RSI at 26.59 is Positive, neither overbought nor oversold. The STOCH value of 12.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FRI.
FRI Peer Comparison
Comparison Results
Performance Comparison
FRI
First Trust S&P REIT Index Fund
30.28
3.17
11.69%
REZ
iShares Residential and Multisector Real Estate ETF
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―
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JPRE
JPMorgan Realty Income ETF
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―
―
KBWY
Invesco KBW Premium Yield Equity REIT ETF
―
―
―
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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