# Franklin Real Estate Securituies Fund Cl A (FREEX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/freex for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Franklin Templeton · Asset class: Equity - Strategy: Thematic · Inception: 1993-12-31 This fund typically allocates a minimum of 80% of its net assets to equity holdings in companies predominantly involved in the U.S. real estate sector. This encompasses federally qualified Real Estate Investment Trusts (REITs), as well as businesses that derive at least half of their assets or revenue from activities such as the ownership, construction, management, operation, development, or sale of commercial or residential properties. Such companies may include real estate operating and service firms, homebuilders, hospitality providers, and property developers. The fund maintains a conce... ## Key Facts | Metric | Value | |---|---| | Price | $17.22 | | Expense Ratio | 1.03% | | Assets Under Management | $408.5M | | NAV | $17.22 | | Holdings Count | — | | Distribution Yield (TTM) | 6.73% | | Annual Distribution (TTM) | $1.16 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $15.78 – $18.89 | | Beta | 0.94 | ## Latest Distribution - Amount: $0.1079 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-21 ## Frequently Asked Questions ### What does FREEX invest in? This fund typically allocates a minimum of 80% of its net assets to equity holdings in companies predominantly involved in the U.S. real estate sector. This encompasses federally qualified Real Estate Investment Trusts (REITs), as well as businesses that derive at least half of their assets or revenue from activities such as the ownership, construction, management, operation, development, or sale of commercial or residential properties. Such companies may include real estate operating and service firms, homebuilders, hospitality providers, and property developers. The fund maintains a concentrated, non-diversified portfolio. ### What is the expense ratio of FREEX? Franklin Real Estate Securituies Fund Cl A (FREEX) charges an expense ratio of 1.03%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FREEX? Franklin Real Estate Securituies Fund Cl A (FREEX) manages $408.5M 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 FREEX actively managed or an index fund? FREEX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FREEX launched? Franklin Real Estate Securituies Fund Cl A (FREEX) launched in December 1993 and is managed by Franklin Templeton. ### How has FREEX performed? FREEX'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 FREEX pay a dividend? Franklin Real Estate Securituies Fund Cl A (FREEX) currently distributes little or no income. Trailing-twelve-month yield is 6.73%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FREEX pay dividends? Franklin Real Estate Securituies Fund Cl A pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FREEX's dividend yield? FREEX's trailing-twelve-month yield is 6.73%, calculated from the sum of dividends over the past year divided by the current price. ### When is FREEX's next ex-dividend date? The most recently announced ex-dividend date for FREEX was 2026-09-21. 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 FREEX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.03% 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 FREEX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FREEX'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 FREEX cost more than a fund like VOO? FREEX's strategy (current expense ratio 1.03%) 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 FREEX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FREEX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FREEX (1.03%) 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/freex - Distribution history: https://www.dividenddata.com/funds/freex/dividend - Holdings & diversification: https://www.dividenddata.com/funds/freex/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/freex/expenses - Peer comparison: https://www.dividenddata.com/funds/freex/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.