BlackRock Real Estate Securities Fund Institutional Shares (BIREX)

Fund Assets	434.17M
Expense Ratio	0.75%
Min. Investment	$2,000,000
Turnover	129.00%
Dividend (ttm)	0.45
Dividend Yield	2.75%
Dividend Growth	-0.68%
Payout Frequency	Quarterly
Ex-Dividend Date	Jul 22, 2026

Previous Close	16.13
YTD Return	11.16%
1-Year Return	11.28%
5-Year Return	11.28%
52-Week Low	14.70
52-Week High	17.52
Beta (5Y)	0.86
Holdings	58
Inception Date	Sep 28, 2012

About BIREX

BlackRock Real Estate Securities Fund Institutional Shares is an actively managed mutual fund that primarily invests in equity securities of companies engaged in the U.S. real estate sector. The fund allocates at least 80% of its assets to these real estate-related firms, focusing on those deriving significant portions of their revenues or profits from commercial, industrial, or residential real estate businesses. Up to 20% of assets may be invested internationally. The fund’s portfolio is concentrated, with the top 10 holdings representing just over half of total assets, and includes established real estate investment trusts (REITs) such as American Tower Corp, Equinix Inc, and Prologis Inc. Designed for institutional investors, it features a substantial minimum investment, institutional share structure, and a competitive expense ratio relative to its peers. The fund seeks a total return through a combination of long-term capital appreciation and dividend income, making it a notable vehicle for gaining exposure to the listed real estate market and its income-generating potential. It is benchmarked against the FTSE Nareit All Equity REITs Index, providing a representative measure of U.S. listed real estate equities.

• Fund Family: BlackRock
• Category: Real Estate
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: BIREX
• Index: Index is not available on Lipper Database

Performance

BIREX had a total return of 11.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.43%.

Top 10 Holdings

53.56% of assets

Name	Symbol	Weight
Prologis, Inc.	PLD	9.40%
Welltower Inc.	WELL	8.57%
Equinix, Inc.	EQIX	6.15%
American Tower Corporation	AMT	5.96%
Digital Realty Trust, Inc.	DLR	5.57%
Public Storage	PSA	4.52%
Vivmark Residential	VMRK	3.50%
W. P. Carey Inc.	WPC	3.50%
Janus Living, Inc.	JAN	3.24%
American Healthcare REIT, Inc.	AHR	3.14%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 22, 2026	$0.13737	Jul 23, 2026
Apr 15, 2026	$0.10411	Apr 16, 2026
Dec 11, 2025	$0.10736	Dec 12, 2025
Oct 9, 2025	$0.09866	Oct 10, 2025
Jul 17, 2025	$0.13912	Jul 18, 2025
Apr 9, 2025	$0.09654	Apr 10, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Sep 24, 2026

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