- Sector
- Real Estate
- Industry
- Real Estate - General
- Address
- One Franklin Parkway San Mateo CA United States of America 94403-1906
- IPO Date
- Dec 31, 1993
- Business
- Franklin Real Estate Securities Fund Cl A (FREEX) is an open-end mutual fund managed by Franklin Advisers, Inc., a subsidiary of Franklin Resources, Inc., that seeks total return through a combination of current income and capital appreciation by investing primarily in equity and debt securities of United States companies engaged in activities related to real estate, such as real estate investment trusts (REITs), real estate operating companies, real estate developers, mortgage REITs, and commercial mortgage-backed securities; the fund may also invest in preferred stocks, convertible securities, and up to 25% of its assets in non-U.S. securities. The fund employs a fundamental research-driven approach focusing on undervalued real estate securities with strong income potential and growth prospects across property sectors including office, retail, residential, industrial, healthcare, lodging, self-storage, and data centers. Franklin Resources, Inc., founded in 1947 and headquartered in San Mateo, California, operates globally with offices in over 25 countries, serving institutional and retail investors through a range of mutual funds, ETFs, and alternative investment products under brands including Franklin Templeton, Legg Mason, and ClearBridge. Recent developments include Franklin Templeton's 2020 acquisition of Legg Mason, Inc., which expanded its asset management scale to over $1.5 trillion in assets under management and enhanced its real estate capabilities through integrated platforms; in 2024, the firm launched new ESG-integrated real estate strategies and announced strategic partnerships with alternative asset managers to bolster private real estate offerings amid market shifts toward sustainable and opportunistic investments. The fund targets long-term investors seeking real estate exposure with a yield-oriented portfolio, typically maintaining a diversified holding of 40-60 securities, and is available through Class A shares with a front-end sales load and expense ratio around 1.10%.