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Franklin Real Estate Securities Fund

Fund Category: SectorGo to Prices & Performance page
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Symbol FREEX
CUSIP 354 602 104
Fund Number 192
Inception Date1 Jan 03, 1994
Distributions Quarterly
Total Net Assets
(all share classes)
As of 03/31/2014
$460.7
(millions)

As of  04/17/2014

NAV2 $19.03  
NAV Change -$0.07  
POP3 $20.19  
YTD Total Return at NAV 11.79%
Distribution Rate at NAV
30-day Standardized Yield4

Average Annual Total Returns
As of Quarter End 03/31/2014

w/ Sales Charge w/o Sales Charge
1 Yr -1.25% 4.75%
5 Yrs 24.88% 26.35%
10 Yrs 3.72% 4.34%
Life 8.50% 8.82%

Expense Ratio and Sales Charge As of 09/01/2013 (updated annually)

Gross Expense Ratio5 1.05%
Net Expense Ratio 1.05%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

Strategy Statement
Portfolio Managers
Wilson Magee
"We seek attractive opportunities in the U.S. real estate sector by analyzing supply/demand trends for various property types, evaluating company management and conducting in-depth securities analysis."

Wilson Magee
Joined Franklin Templeton in 2010
Managed Fund since 2010

Strategy, Benefits, Results

Strategy

  • 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.
  • We seek to maximize total return by investing at least 80% of net assets in the equity securities of companies operating in the real estate industry—primarily Real Estate Investment Trusts (REITs).

Benefits

  • Experienced Management. Our real estate team has been investing in real estate for more than 25 years.
  • Portfolio Diversification. Historically, real estate securities have had a relatively low correlation to both stocks and bonds, offering potential diversification benefits.

Results

Hypothetical $10K Investment

Hypothetical $10K Investment

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.
  • Also, the fund is a “non-diversified” fund, and investing in a non-diversified fund involves the risk of greater price fluctuation than a more diversified portfolio.
  • 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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Important Legal Information

Footnotes

For U.S. residents only.