Franklin Real Estate Securities Adv (FRLAX)

Fund Assets	217.83M
Expense Ratio	0.827%
Min. Investment	$1,000
Turnover	32.25%
Dividend (ttm)	0.33
Dividend Yield	1.91%
Dividend Growth	-6.62%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 21, 2026

Previous Close	17.28
YTD Return	8.51%
1-Year Return	8.16%
5-Year Return	22.04%
52-Week Low	16.12
52-Week High	19.31
Beta (5Y)	0.79
Holdings	43
Inception Date	Jan 1, 1997

About FRLAX

Franklin Real Estate Securities Fund Advisor Class is an open-end mutual fund focused on the real estate sector. Its principal aim is to maximize total return by investing at least 80% of its net assets in equity securities of U.S.-based companies operating across the real estate industry, with a particular emphasis on real estate investment trusts (REITs) and firms significantly involved in ownership, construction, management, or development of commercial and residential properties. The fund incorporates both growth and value stocks spanning diverse market capitalizations, employing a blend of fundamental analysis and both bottom-up and top-down stock selection approaches. Notably, it also seeks out companies committed to responsible environmental practices. With a concentrated portfolio—its top ten holdings comprise over half of total assets—the fund provides targeted exposure to real estate equities, making it a significant player in the broader sector and a key vehicle for investors seeking to participate in real estate market movements through publicly traded securities.

• Fund Family: Franklin Templeton, Inc
• Category: Real Estate
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FRLAX
• Share Class: Advisor Class
• Index: MSCI US Investable Market Real Est 25/50 TR USD

Performance

FRLAX had a total return of 8.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.23%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VGSLX	Vanguard	Vanguard Real Estate Index Fund Admiral Shares	0.14%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FSERX	Class R6	0.66%
FREEX	Class A	1.08%
FRRSX	Class C	1.83%

Top 10 Holdings

56.74% of assets

Name	Symbol	Weight
Welltower Inc.	WELL	12.12%
Equinix, Inc.	EQIX	7.68%
Prologis, Inc.	PLD	7.31%
American Tower Corporation	AMT	6.90%
Digital Realty Trust, Inc.	DLR	4.84%
Realty Income Corporation	O	4.48%
Ventas, Inc.	VTR	3.60%
Vivmark Residential	VMRK	3.47%
Simon Property Group, Inc.	SPG	3.27%
American Homes 4 Rent	AMH	3.06%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 21, 2026	$0.1195	Sep 21, 2026
Jun 22, 2026	$0.0248	Jun 22, 2026
Dec 22, 2025	$0.9805	Dec 22, 2025
Sep 22, 2025	$0.0888	Sep 22, 2025
Jun 20, 2025	$0.0258	Jun 20, 2025
Dec 20, 2024	$1.788	Dec 20, 2024

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:

Oct 16, 2026

Data Sources Report a data error