# Nuveen Real Estate Securities Fund (FREAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/freax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Nuveen · Asset class: Equity - Strategy: Thematic · Inception: 1995-09-29 This fund generally commits at least 80% of its net assets, plus any borrowed funds for investment, to income-generating common stocks of publicly traded companies within the real estate industry. While it has the flexibility to invest in all three types of Real Estate Investment Trusts (REITs), the advisor anticipates focusing primarily on equity REITs. A maximum of 15% of the fund's total assets may be directed towards equity securities from non-U.S. issuers that are not denominated in U.S. dollars. Furthermore, up to 15% of its overall assets can be invested in equity securities originat... ## Key Facts | Metric | Value | |---|---| | Price | $14.94 | | Expense Ratio | 1.18% | | Assets Under Management | $750.1M | | NAV | $14.94 | | Holdings Count | — | | Distribution Yield (TTM) | 7.72% | | Annual Distribution (TTM) | $1.15 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $14.07 – $16.94 | | Beta | 0.92 | ## Latest Distribution - Amount: $0.4967 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does FREAX invest in? This fund generally commits at least 80% of its net assets, plus any borrowed funds for investment, to income-generating common stocks of publicly traded companies within the real estate industry. While it has the flexibility to invest in all three types of Real Estate Investment Trusts (REITs), the advisor anticipates focusing primarily on equity REITs. A maximum of 15% of the fund's total assets may be directed towards equity securities from non-U.S. issuers that are not denominated in U.S. dollars. Furthermore, up to 15% of its overall assets can be invested in equity securities originating from emerging market entities. ### What is the expense ratio of FREAX? Nuveen Real Estate Securities Fund (FREAX) charges an expense ratio of 1.18%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FREAX? Nuveen Real Estate Securities Fund (FREAX) manages $750.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FREAX actively managed or an index fund? FREAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FREAX launched? Nuveen Real Estate Securities Fund (FREAX) launched in September 1995 and is managed by Nuveen. ### How has FREAX performed? FREAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FREAX pay a dividend? Nuveen Real Estate Securities Fund (FREAX) currently distributes little or no income. Trailing-twelve-month yield is 7.72%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FREAX pay dividends? Nuveen Real Estate Securities Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FREAX's dividend yield? FREAX's trailing-twelve-month yield is 7.72%, calculated from the sum of dividends over the past year divided by the current price. ### When is FREAX's next ex-dividend date? The most recently announced ex-dividend date for FREAX was 2026-09-30. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FREAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.18% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FREAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FREAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FREAX cost more than a fund like VOO? FREAX's strategy (current expense ratio 1.18%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FREAX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FREAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FREAX (1.18%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/freax - Distribution history: https://www.dividenddata.com/funds/freax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/freax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/freax/expenses - Peer comparison: https://www.dividenddata.com/funds/freax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.