Morningstar

Franklin Real Estate Securities Fund Advisor Class FRLAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 18.58  /  −0.43 %
  • Total Assets 237.8M
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.830%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Real Estate
  • Investment Style Mid Blend
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 1.54%
  • Turnover 32%

USD | NAV as of Aug 19, 2026 | 1-Day Return as of Aug 19, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FRLAX

Will FRLAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FRLAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FRLAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FRLAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin Real Estate Securities Adv holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FRLAX

More FRLAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 55.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Welltower Inc

11.57 28M
Real Estate

Prologis Inc

7.27 18M
Real Estate

Equinix Inc

7.19 18M
Real Estate

American Tower Corp

6.54 16M
Real Estate

Digital Realty Trust Inc

4.72 12M
Real Estate

Realty Income Corp

4.49 11M
Real Estate

Ventas Inc

3.55 9M
Real Estate

AvalonBay Communities Inc

3.41 8M
Real Estate

Simon Property Group Inc

3.40 8M
Real Estate

Iron Mountain Inc

2.99 7M
Real Estate

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