Summary
FRI Chart
How Senior Housing and Warehouses Defend Monthly Payouts Today
The First Trust S&P REIT Index Fund (NYSEARCA:FRI) gives investors exposure to American commercial real estate cash flow without picking between malls, warehouses, and senior living towers.
FRI's dividend fell 10% last year, but here's why income investors shouldn't panic
First Trust S&P REIT Index Fund (NYSEARCA:FRI) tracks the S&P United States REIT Index and passes through rental cash flow from roughly 140 publicly traded landlords.
FRI: Real Estate ETF With Some Exclusions And A High Fee
First Trust S&P REIT Index Fund ETF offers capital-weighted exposure to U.S. real estate, excluding tower, timber REITs, and real estate services. The FRI ETF has better valuation ratios and growth rates than VNQ but has slightly underperformed since 2007 due to higher fees. FRI has outperformed large competitors in 2024 but ranks average in performance since 2015.
First Trust S&P REIT Index Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 7,622 | $200,658.61 | $243,675.34 | $43,016.73 | 21.44% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,968 | $55,306.3 | $62,966.16 | $7,659.86 | 13.85% |
| JE Jean Elzayek Householder Group Estate & Retirement Specialist LLC | 5,410 | $130,224.06 | $173,688.05 | $43,463.99 | 33.38% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 117 | $3,040.83 | $3,738.15 | $697.32 | 22.93% |
| TP Thomas Pappas Cottonwood Capital Advisors LLC | 18,405 | $559,611.3 | $589,144.05 | $29,532.75 | 5.28% |
First Trust S&P REIT Index Fund (FRI) FAQ
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First Trust S&P REIT Index Fund Profile
| ARCA Exchange | US Country |
Overview
The company in focus operates within the financial sector, focusing on investment products that seek to replicate the performance of specific indices. This particular fund targets the real estate investment trust (REIT) sector within the United States, emphasizing a high fidelity to the index it aims to mirror. By investing at least 90% of its net assets, which includes funds borrowed for investment purposes, in securities that constitute the index, the company assures its investors of a portfolio that closely follows the index's performance. The underlying index is meticulously selected to measure the performance of U.S.-domiciled publicly traded REITs that meet a set of eligibility criteria, ensuring a quality and performance standard for the fund's constituents.
Products and Services
- REIT Index Fund
A core product offered by the company is the REIT Index Fund, designed to track the performance of publicly-traded Real Estate Investment Trusts (REITs) based in the United States. This fund aims to provide investors with exposure to the real estate market through a diversified portfolio of REITs that adhere to specific eligibility requirements. By targeting this segment, investors can gain access to real estate assets' income and growth potential without directly investing in physical properties.
- Investment Borrowing
Another key aspect of the company's approach is the use of investment borrowings to achieve its investment goals. By borrowing additional funds, the company can increase the amount of capital invested in the securities that comprise the index, potentially enhancing the returns for investors. This strategy, however, also involves a greater level of risk, as the borrowed funds also magnify losses in addition to gains.
