PRICE AND YTD RETURN As of 02/05/2016

NAV down $-0.15 $8.18
POP $8.68
YTD Total return at Nav -5.98%

AVERAGE ANNUAL TOTAL RETURNS As of Quarter end 12/31/2015

Sales Charge

1 YEAR RETURN -5.35%
5 YEAR RETURN 5.81%
Since inception Inception: 06/16/2006 1.51%

KEY STATS

Investment Category Real Estate
Distributions Quarterly
CUSIP 353 533 797
Fund Number 495
Inception Date Jun 16, 2006
Total Net Assets (all share classes) As of 01/31/2016 $154.1 (M)
Distribution Rate at NAV As of 02/05/2016 1.90%
30-Day Standardized yield As of 01/31/2016 (updated monthly)
w/ Waiver 1.58%
w/o Waiver 1.44%

SALES CHARGE, EXPENSES, & FEES As of 12/01/2015 (updated annually)

Gross Expense Ratio 1.53%
Net Expense Ratio 1.40%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

The fund invests at least 80% of its net assets in securities of companies located anywhere in the world that operate in the real estate sector, mainly Real Estate Investment Trusts (REITs) and similar REIT-like entities.

Strategy Statement

"We aim to identify REITs with high income, low volatility and decent liquidity, by screening the universe of global property stocks and then analyzing companies using detailed, fundamental analysis."

Wilson Magee

Management

Wilson Magee

Wilson Magee

  • Joined Franklin Templeton in 2010
  • Managed Fund Since 2010
Daniel Pettersson, MBA

Daniel Pettersson, MBA

  • Joined Franklin Templeton in 2006
  • Managed Fund Since 2014

Overall Morningstar Rating As of 12/31/2015

Rating Category: Global Real Estate

Morningstar
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 12/31/2015

Years Ratings Funds
in category
3
2 Stars
191
5
3 Stars
160
10
Stars

Morningstar Style Box As of 09/30/2015

Strategy, Benefits, Results

Strategy

  • We invest mainly in REITs and similar REIT-like entities around the world.
  • The securities of REITs (real estate companies that purchase and usually manage properties such as office buildings, malls, apartments and hotels) are traded like stocks, which make them more liquid than individual properties.
  • We combine top-down macro analysis with bottom-up research of individual stocks to locate investment opportunities.

Benefits

  • Experienced Management. Our real estate team has been investing in global real estate for more than 30 years.
  • Portfolio Diversification. Historically, real estate securities have had a relatively low correlation to both stocks and bonds, offering potential diversification benefits.
  • Global Opportunity. As countries around the world continue to adopt the REIT structure, more securities holding high-quality commercial real estate will likely begin to trade on the world's stock exchanges.

Investing In The Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • The fund concentrates in real estate securities which involve special risks, such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments affecting the sector.
  • The fund’s investments in REITs involves additional risks; since REITs typically are invested in a limited number of projects or in a particular market segment, they are more susceptible to adverse developments affecting a single project or market segment than more broadly diversified investments.
  • Foreign investing, especially in emerging markets, involves additional risks such as currency and market volatility, as well as political and social instability.
  • These and other risks are described more fully in the fund’s prospectus.

Minimum Investment

$1,000.00

How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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