# Portfolio overlap — FREI vs FREL Comparing **Fidelity Real Estate Income Fund** (2026-01-31) and **Fidelity MSCI Real Estate Index ETF** (2026-04-30). - Shared positions: 45 - Fidelity Real Estate Income Fund covered by Fidelity MSCI Real Estate Index ETF: 0.2180970338855600472433121936 - Fidelity MSCI Real Estate Index ETF covered by Fidelity Real Estate Income Fund: 0.2180970338855600472433121935 ## Fidelity Real Estate Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Fidelity Cash Central Fund | 0.066574 | | | EQUINIX INC | 0.019852 | ✓ | | AMERICAN TOWER CORP | 0.019180 | ✓ | | PROLOGIS INC REIT | 0.017043 | ✓ | | WELLTOWER INC | 0.014916 | ✓ | | EQUITY LIFESTYLE PPTYS INC | 0.012999 | ✓ | | INVITATION HOMES INC | 0.011902 | ✓ | | UDR INC | 0.010175 | ✓ | | VICI PROPERTIES | 0.009013 | ✓ | | VENTAS INC REIT | 0.008320 | ✓ | | SUN COMMUNITIES INC - REIT | 0.007104 | ✓ | | PUBLIC STORAGE | 0.006859 | ✓ | | CROWN CASTLE INC | 0.006493 | | | DIGITAL REALTY TRUST INC | 0.006181 | ✓ | | Annaly Capital Management, Inc., Series F, Pfd. | 0.006120 | | | INVITATION HOMES | 0.005826 | | | INVITATION HOMES | 0.005816 | | | AVALONBAY COMMUNITIES INC REIT | 0.005743 | ✓ | | EQUITY RESIDENTIAL REIT | 0.005633 | ✓ | | KIMCO REALTY CORPORATION | 0.005229 | ✓ | | CROWN CASTLE INC | 0.005217 | | | CROWN CASTLE INC | 0.005209 | | | BX Trust, Series 2019-OC11, Class E | 0.005189 | | | AMERICAN TOWER | 0.005171 | | | GAMING AND LEISURE PROPRTI INC | 0.005119 | ✓ | | AGNC Investment Corp., Series E, Pfd. | 0.005054 | | | VICI PROPERTIE | 0.005022 | | | LXP INDUSTRIAL TRUST REIT | 0.004944 | ✓ | | Home Partners of America 2021-2 Trust | 0.004691 | | | KITE REALTY GROUP TRUST | 0.004649 | ✓ | | EQUINIX INC SR UNSECURED 04/32 3.9 | 0.004637 | | | Annaly Capital Management, Inc., Series G, Pfd. | 0.004619 | | | VICI PROPERTIES / NOTE REGD 144A P/P 4.62500000 | 0.004476 | | | Rithm Capital Corp., Series B, Pfd. | 0.004430 | | | AMERICAN HOMES 4 | 0.004405 | | | SBA SENIOR FINANCE II LLC 2024 TERM LOAN B | 0.004397 | | | FIRST INDUSTRIAL REALTY TRUST | 0.004379 | ✓ | | AMERICAN HOMES 4 | 0.004365 | | | Rithm Capital Corp., Series C, Pfd. | 0.004331 | | | AMERICOLD REALT | 0.004118 | | | SBA Communications Corp. | 0.004110 | | | ESSEX PROPERTY TRUST INC | 0.004101 | ✓ | | SAFEHOLD GL HLD | 0.004100 | | | VICI PROPERTIE | 0.004056 | | | AGNC Investment Corp., Series F, Pfd. | 0.004023 | | | BX Trust, Series 2025-ROIC, Class E | 0.003967 | | | CROWN CASTLE INC | 0.003943 | ✓ | | EXTRA SPACE STORAGE INC | 0.003931 | ✓ | | VICI PROPERTIE | 0.003919 | | | ESSEX PORTFOLIO | 0.003915 | | ## Fidelity MSCI Real Estate Index ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | WELLTOWER INC | 0.086035 | ✓ | | PROLOGIS INC REIT | 0.081908 | ✓ | | AMERICAN TOWER CORP | 0.052947 | ✓ | | EQUINIX INC | 0.047259 | ✓ | | DIGITAL REALTY TRUST INC | 0.043222 | ✓ | | SIMON PROPERTY | 0.042809 | ✓ | | REALTY INCOME CORP REIT | 0.037021 | ✓ | | PUBLIC STORAGE | 0.030872 | ✓ | | CBRE GROUP INC - CL A | 0.027483 | | | VENTAS INC REIT | 0.025860 | ✓ | | CROWN CASTLE INC | 0.025022 | ✓ | | IRON MOUNTAIN INC | 0.024249 | | | VICI PROPERTIES | 0.020362 | ✓ | | EXTRA SPACE STORAGE INC | 0.019895 | ✓ | | AVALONBAY COMMUNITIES INC REIT | 0.017087 | ✓ | | SBA COMMUNICATIONS CORP | 0.015659 | ✓ | | EQUITY RESIDENTIAL REIT | 0.014843 | ✓ | | WEYERHAEUSER CO | 0.011789 | ✓ | | INVITATION HOMES INC | 0.011174 | ✓ | | ESSEX PROPERTY TRUST INC | 0.011149 | ✓ | | SUN COMMUNITIES INC - REIT | 0.010578 | ✓ | | WP CAREY INC | 0.010525 | | | KIMCO REALTY CORPORATION | 0.010497 | ✓ | | JONES LANG LASALLE INC | 0.009961 | | | MID AMERICA APT CMNTY INC | 0.009916 | ✓ | | HOST HOTELS & RE | 0.009820 | | | COSTAR GROUP INC | 0.009535 | | | REGENCY CENTERS CORP REIT | 0.009030 | | | OMEGA HEALTHCARE INVESTORS INC | 0.008746 | | | GAMING AND LEISURE PROPRTI INC | 0.008709 | ✓ | | LAMAR ADVERTISING CO CL A | 0.007975 | ✓ | | HEALTHPEAK PROPERTIES INC | 0.007555 | | | UDR INC | 0.007463 | ✓ | | EQUITY LIFESTYLE PPTYS INC | 0.007460 | ✓ | | CAMDEN PROP TR | 0.007401 | | | AMERICAN HOMES-A | 0.006890 | ✓ | | EASTGROUP PROP | 0.006753 | ✓ | | CUBESMART | 0.006007 | ✓ | | BRIXMOR PROPERTY | 0.005969 | ✓ | | BXP INC | 0.005737 | | | CARETRUST REIT INC | 0.005726 | ✓ | | FED REALTY INVS | 0.005724 | ✓ | | AMERICAN HEALTHCARE REIT INC | 0.005678 | | | AGREE REALTY CORP | 0.005550 | | | FIRST INDUSTRIAL REALTY TRUST | 0.005435 | ✓ | | NNN REIT INC | 0.005357 | ✓ | | REXFORD INDUSTRIAL REALTY INC | 0.005249 | ✓ | | ZILLOW GROUP INC CL C | 0.004689 | | | HEALTHCARE REALTY TRUST INC | 0.004626 | | | STAG INDUSTRIAL INC CL A | 0.004588 | | ## Sources - N-PORT (fund A) — accession `0000035402-26-002036` (as of 2026-01-31) - N-PORT (fund B) — accession `0001410368-26-063884` (as of 2026-04-30) --- _Informational only — not investment advice. 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