Summary
First Trust S&P REIT Index Fund is an ETF - a fund traded on an exchange like a stock - run by First Trust. Positions inside: 128. The ten largest make up 55% of the fund.
- Yearly costs
- 0.51%
- Fund size
- $190.9M
- Positions
- 128
- Dividend yield
- 2.66%
- Running since
- 2007
What speaks for it
- Costs of 0.51% a year are below the middle of comparable funds (0.74%).
- It has been running since 2007.
What to watch
- The ten largest positions make up 55% of the fund, so its result rests on a few names.
- 100% of the fund is in one sector (Real estate).
- 100% of the fund is in one country (United States).
- In the last five years its price once dropped by 34% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -2.4%
- 3 months
- -9.8%
- This year
- +8.2%
- 1 year
- +4.0%
- 3 years
- +34%
- 5 years
- -2.5%
- 10 years
- +27%
- Avg. market cap
- $64.0B
- P/E
- 31.8x
- Forward P/E
- 39.3x
- P/S
- 8.0x
- P/B
- 2.5x
- P/FCF
- 23.9x
- EV/EBITDA
- 18.8x
- Dividend yield
- 3.79%
- ROIC
- -1.0%
- ROE
- 14.0%
- Gross margin
- 43.7%
- Operating margin
- 29.4%
- Net margin
- 25.9%
- Payout ratio
- 120.8%
- Net debt/EBITDA
- 16.4x
- Beta
- 0.94
Weighted average of the 50 largest companies, which make up 86% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 WEWelltower WELL 13%
- 2 PLPrologis PLD 9.1%
- 3 SPSimon Property Group, Inc. SPG 4.6%
- 4 US Dollar 4.6%
- 5 EQEquinix EQIX 4.5%
- 6 DLDigital Realty DLR 4.4%
- 7 ORealty Income O 4.1%
- 8 PSPublic Storage PSA 3.8%
- 9 VTVentas, Inc. VTR 3.4%
- 10 VMEquity Residential VMRK 3.4%
Positions in the fund: 128. The ten largest make up 55% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Real estate 100%
By country
- United States 100%
By company size
- Large cap 78%
- Mid cap 19%
- Small cap 2.9%
- Micro cap 0.08%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Real estate (100%). Largest country: United States (100%). Largest size group: Large cap (78%).
What does it cost me?
Cheap- A year from $10,000
- $51.00
- Over 20 years
- $2,462
From every $10,000 invested the fund takes $51.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,462.
How has it done?
Growing slowly- A year on average, 10 years
- +2.4%
- Deepest drop
- -34%
- Yearly volatility
- 13%
Average yearly growth over the last ten years: 2.4%. Deepest drop in these years: 34% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 2.66%
- Payments a year
- 4
- Last payment
- $0.20
Over the last 12 months it paid $0.80 per share, which is 2.66% of today's price. The last payment was $0.20 on Sep 24, 2026.
Is it easy to buy and sell?
Yes- Traded a day
- $1.25M
- Shares a day
- 42K
On an average day about $1.25M of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 31.8
- Average Bulios Score
- 65 out of 100
Weight by Bulios Fair Price
- Undervalued 31%
- Fairly valued 16%
- Overvalued 53%
On average the companies inside trade for 31.8 times their yearly profit. By Fair Price, 53% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 86% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
SC SCHH Schwab U.S. REIT ETF | United States | 0.07% | $10.8B | +2.2% | Pays out | 89% |
US USRT iShares Core U.S. REIT ETF | United States | 0.08% | $4.20B | +3.9% | Pays out | 89% |
BB BBRE JPMorgan BetaBuilders MSCI US REIT ETF | United States | 0.11% | $1.25B | +3.2% | Pays out | 87% |
DF DFAR DFA Real Estate Securities Portfolio ETF Class Shares | United States | 0.22% | $1.60B | +1.7% | Pays out | 86% |
RW RWR State Street SPDR Dow Jones REIT ETF | United States | 0.25% | $1.78B | +3.1% | Pays out | 84% |
IY IYRI NEOS Real Estate High Income ETF | United States | 0.68% | $113.1M | -11% | Pays out | 80% |