Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
0.60% 441.89M 1.36% 53.37%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
-43.30M 31.35% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks to maximize total return. Normally, the fund invests at least 80% of its net assets in equity securities of companies operating in the real estate industry predominantly in the United States, including: companies qualifying under federal tax law as real estate investment trusts (REITs); and companies that derive at least half of their assets or revenues from the ownership, construction, management, operation, development or sale of commercial or residential real estate (such as real estate operating or service companies, homebuilders, lodging providers, and developers). It is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol FREEX
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Real Estate
Category Index S&P United States REIT TR USD
Prospectus Objective Specialty - Real Estate
Fund Owner Firm Name Franklin Templeton Investments
Prospectus Benchmark Index
MSCI US IMI/Real Estate 25-50 NR USD 100.0%
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Daniel Scher 7.01 yrs
Blair Schmicker 1.66 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 63
-43.30M
-2.390B Category Low
2.254B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of April 30, 2021

Performance Versus Category

 
20%
15%
10%
5%
0
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Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
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As of May 10, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
30.74%
4.32%
5.29%
4.45%
-6.02%
27.67%
-3.13%
14.68%
4.94%
-0.87%
7.51%
22.40%
-8.71%
27.67%
15.90%
10.73%
28.99%
2.23%
5.16%
4.65%
-5.43%
30.04%
-8.81%
14.89%
30.98%
2.24%
6.36%
5.77%
-3.78%
28.72%
-5.50%
15.80%
29.74%
3.17%
4.30%
5.24%
-7.93%
28.39%
-6.43%
20.49%
30.66%
2.95%
6.31%
5.08%
-5.98%
24.88%
-6.57%
14.99%
As of May 10, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (5-10-21) 1.36%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 45.89
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of March 31, 2021

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of March 31, 2021

Asset Allocation

As of March 31, 2021.
Type % Net % Long % Short
Cash 0.66% Upgrade Upgrade
Stock 99.34% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Prologis Inc 7.66% 114.61 -1.37%
Equinix Inc 6.62% 713.89 -0.85%
American Tower Corp 6.03% 246.92 -0.68%
Crown Castle International Corp 5.79% 182.08 -0.61%
SBA Communications Corp 4.75% 289.96 -0.72%
AvalonBay Communities Inc 3.90% 196.35 -0.32%
Extra Space Storage Inc 3.54% 144.18 -2.48%
Alexandria Real Estate Equities Inc 3.50% 177.01 -1.19%
Healthpeak Properties Inc 3.43% 32.93 -1.73%
American Homes 4 Rent Class A 3.36% 36.98 0.03%

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee Upgrade
Administration Fee Upgrade
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks to maximize total return. Normally, the fund invests at least 80% of its net assets in equity securities of companies operating in the real estate industry predominantly in the United States, including: companies qualifying under federal tax law as real estate investment trusts (REITs); and companies that derive at least half of their assets or revenues from the ownership, construction, management, operation, development or sale of commercial or residential real estate (such as real estate operating or service companies, homebuilders, lodging providers, and developers). It is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol FREEX
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Real Estate
Category Index S&P United States REIT TR USD
Prospectus Objective Specialty - Real Estate
Fund Owner Firm Name Franklin Templeton Investments
Prospectus Benchmark Index
MSCI US IMI/Real Estate 25-50 NR USD 100.0%
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Daniel Scher 7.01 yrs
Blair Schmicker 1.66 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (5-10-21) 1.36%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 45.89
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of March 31, 2021

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of March 31, 2021

Fund Details

Key Dates
Inception Date 5/1/2013
Last Annual Report Date 4/30/2020
Last Prospectus Date 9/1/2020
Share Classes
FREEX A
FRLAX Adv
FRRSX C
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No