# Portfolio overlap — RTXAX vs FREL

Comparing **Tax-Managed Real Assets Fund** (2026-04-30) and **Fidelity MSCI Real Estate Index ETF** (2026-04-30).

- Shared positions: 88
- Tax-Managed Real Assets Fund covered by Fidelity MSCI Real Estate Index ETF: 0.3871953566955990381076323954
- Fidelity MSCI Real Estate Index ETF covered by Tax-Managed Real Assets Fund: 0.3871953566955990381076323955

## Tax-Managed Real Assets Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| WELLTOWER INC | 0.044752 | ✓ |
| PROLOGIS INC REIT | 0.038791 | ✓ |
| EQUINIX INC | 0.038338 | ✓ |
| REALTY INCOME CORP REIT | 0.022356 | ✓ |
| SIMON PROPERTY | 0.021576 | ✓ |
| DIGITAL REALTY TRUST INC | 0.020081 | ✓ |
| U.S. Cash Management Fund | 0.019714 |  |
| VENTAS INC REIT | 0.014353 | ✓ |
| TRANSURBAN GROUP | 0.013550 |  |
| AENA SME SA | 0.013484 |  |
| IRON MOUNTAIN INC | 0.013326 | ✓ |
| AERO DEL PACIF-B | 0.013079 |  |
| EQUITY RESIDENTIAL REIT | 0.012690 | ✓ |
| NEXTERA ENERGY INC | 0.012325 |  |
| EXTRA SPACE STORAGE INC | 0.012142 | ✓ |
| SHELL PLC | 0.011253 |  |
| Groupe Eurotunnel SA | 0.010828 |  |
| CHENIERE ENERGY INC | 0.010523 |  |
| ONEOK INC | 0.010430 |  |
| BP PLC | 0.010109 |  |
| DARLING INGREDIENTS INC | 0.010054 |  |
| NATIONAL GRID PL | 0.009491 |  |
| DUKE ENERGY CORP NEW | 0.009334 |  |
| HOST HOTELS & RE | 0.009261 | ✓ |
| GLENCORE PLC | 0.008952 |  |
| CONOCOPHILLIPS | 0.008442 |  |
| PUBLIC STORAGE | 0.008002 | ✓ |
| TC ENERGY CORP | 0.007710 |  |
| ALBEMARLE CORP | 0.007674 |  |
| REGENCY CENTERS CORP REIT | 0.007655 | ✓ |
| ADP | 0.007586 |  |
| VISTA OIL GAS SAB DE CV ADR | 0.007524 |  |
| AGREE REALTY CORP | 0.007488 | ✓ |
| TARGA RESOURCES CORP | 0.007397 |  |
| GAMING AND LEISURE PROPRTI INC | 0.007322 | ✓ |
| CAMDEN PROP TR | 0.007223 | ✓ |
| PETROBRAS-PREF | 0.007195 |  |
| BHP GROUP LTD | 0.006976 |  |
| FLUGHAFEN ZU-REG | 0.006855 |  |
| BRIXMOR PROPERTY | 0.006659 | ✓ |
| Sociedad Quimica y Minera de Chile S A ADR(REPR 1 PRF SER'B') | 0.006655 |  |
| AMERICAN ELECTRIC POWER CO INC | 0.006591 |  |
| KOSMOS ENERGY LTD | 0.006077 |  |
| NATIONAL STORAGE AFFILIATES TRUST | 0.006061 | ✓ |
| ANGLO AMER PLC | 0.006039 |  |
| SEMPRA ENERGY | 0.005972 |  |
| CARETRUST REIT INC | 0.005960 | ✓ |
| EASTGROUP PROP | 0.005879 | ✓ |
| PUB SERV ENTERP | 0.005728 |  |
| INVITATION HOMES INC | 0.005689 | ✓ |

## 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 `0001410368-26-063586` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/351601/000141036826063586/0001410368-26-063586-index.htm>
- N-PORT (fund B) — accession `0001410368-26-063884` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/945908/000141036826063884/0001410368-26-063884-index.htm>

---

_Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._

_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

_Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See <https://fundwatcher.app/terms/>_