Fidelity Real Estate Income ETF (FREI)

Fidelity Real Estate Income ETF (FREI) is an actively managed exchange-traded fund from Fidelity Investments. It seeks above-average income along with capital growth by investing across the real estate sector.

The fund can invest in a broad range of real estate-related securities, including common and preferred stocks of real estate investment trusts and other real estate companies, as well as real estate-related debt such as commercial mortgage-backed securities and corporate bonds. Fidelity's managers shift the mix among these asset types based on their assessment of income potential and relative value.

This multi-asset approach to real estate distinguishes the fund from equity-only REIT index funds.