First Trust S&P REIT Index Fund

FRI has an annual expense ratio of 0.51%. This fee is deducted from the fund's assets each year and directly reduces your net return over time.

Unlike ETFs, FRI is not traded on a stock exchange in real time. Its price, called the NAV (Net Asset Value), is calculated once per day after the market closes, based on the total value of the fund's holdings divided by the number of outstanding shares. This means all buy and sell orders placed during the day are executed at the same end-of-day price.

Investors in Latin America can access US-registered mutual funds like FRI through international brokerage platforms that offer access to US markets. You will typically need a valid government ID or passport to open an account. Many platforms also allow funding via local bank transfers or local payment methods.

Many investors in Latin America hold USD-denominated mutual funds like FRI to reduce exposure to local currency devaluation. Because FRI is priced in USD, it can hedge currency risk: if your local currency weakens against the USD, your position holds its value in dollar terms. It does not, however, hedge asset risk, since the fund's own holdings can still rise or fall in value.