Morningstar Fund Report  | 13/04/2025Print

Franklin Global Real Estate Fund A(acc)USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Franklin Global Real Estate Fund A(acc)USD
Fund27.2-17.63.80.2-2.2
+/-Cat1.50.1-1.2-0.7-0.8
+/-B’mrk3.1-2.60.9-3.4-2.1
 
Category: Property - Indirect Global
Category Benchmark: Morningstar Gbl Real Est TM...
Key Stats
NAV
11/04/2025		 USD 12.40
Day Change 0.89%
Morningstar Category™ Property - Indirect Global
ISIN LU0229948087
Fund Size (Mil)
31/03/2025		 USD 88.76
Share Class Size (Mil)
11/04/2025		 USD 28.22
Max Initial Charge 5.75%
Ongoing Charge
12/02/2025		  1.90%
Morningstar Research
Analyst Report06/08/2024
Thomas De fauw, Senior Analyst
Morningstar, Inc

The transition of Franklin Global Real Estate from Franklin Real Asset Advisors to the Franklin Equity Group in September 2019 left it in the hands of two managers who lack appropriate research resources. They have implemented a new...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People22
Parent23
Process23
Performance
Price
Investment Objective: Franklin Global Real Estate Fund A(acc)USD
The Fund’s investment objective is to maximize total investment return consisting of income and capital appreciation.
Returns
Trailing Returns (GBP)11/04/2025
YTD-7.73
3 Years Annualised-7.17
5 Years Annualised1.08
10 Years Annualised1.46
12 Month Yield 0.00
Management
Manager Name
Start Date
Daniel Scher
03/09/2019
Blair Schmicker
03/09/2019
Inception Date
29/12/2005

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE EPRA Nareit Developed TR USDMorningstar Gbl Real Est TME NR USD
Portfolio Profile for  Franklin Global Real Estate Fund A(acc)USD31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.170.0099.17
Bond0.000.000.00
Property0.000.000.00
Cash0.830.000.83
Other0.000.000.00
Top 5 Regions%
United States65.22
Japan8.18
Eurozone7.84
Australasia5.76
United Kingdom4.36
Top 5 Sectors%
Real Estate100.00
Top 5 HoldingsSector%
Welltower IncReal EstateReal Estate7.25
Equinix IncReal EstateReal Estate5.39
Prologis IncReal EstateReal Estate5.30
Realty Income CorpReal EstateReal Estate4.38
Mitsui Fudosan Co LtdReal EstateReal Estate3.88
Increase Decrease New since last portfolio
Franklin Global Real Estate Fund A(acc)USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  Franklin Global Real Estate Fund A(acc)USD
Category:  Property - Indirect Global
Category Index:  Morningstar Gbl Real Est TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-1.8016.42-10.3127.19-17.583.790.16-2.22
+/- Category0.39-0.62-1.481.480.15-1.15-0.71-0.78
+/- Category Index0.540.08-2.643.06-2.600.89-3.36-2.13
% Rank in Category5861554554666476
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.89   1.980.58
1 Week0.06   4.071.39
1 Month-4.40   2.470.99
3 Months-6.64   1.92-1.36
6 Months-11.00   0.46-2.32
YTD-7.73   0.59-1.40
1 Year-4.35   -0.24-4.43
3 Years Annualised-7.17   0.05-2.48
5 Years Annualised1.08   -0.86-0.59
10 Years Annualised1.46   -0.82-1.46
 
Category: Property - Indirect Global
Category Index: Morningstar Gbl Real Est TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-2.22---
2024-0.24-3.318.16-4.00
2023-0.83-2.91-1.859.83
2022-1.49-11.49-4.38-1.14
20213.539.942.459.07
2020-20.9611.34-1.923.91
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAverageAverage3 star
10-YearBelow AverageAverage2 star
OverallAverageAverage3 star
 
Category :  Property - Indirect GlobalClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.98 %
3-Yr Mean Return-4.21 %
 
3-Yr Sharpe Ratio-0.56
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Real Est TME NR USD  Morningstar Gbl Real Est TME NR USD
3-Yr Beta1.021.02
3-Yr Alpha-2.95-2.95
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 16118-
Market Capitalisation% of Equity
Giant1.33
Large26.49
Medium53.04
Small16.61
Micro2.54
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings27.351.10
Price/Book1.470.96
Price/Sales5.880.95
Price/Cash Flow15.881.03
Dividend-Yield Factor3.860.92
 
Long-Term Projected Earnings Growth5.361.15
Historical Earnings Growth-5.911.66
Sales Growth4.741.14
Cash-Flow Growth2.9930.46
Book-Value Growth1.932.38
 
Category: Property - Indirect Global
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.170.0099.17
Bond0.000.000.00
Property0.000.000.00
Cash0.830.000.83
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States65.220.98
Canada3.802.23
Latin America0.000.00
United Kingdom4.361.15
Eurozone7.841.24
Europe - ex Euro2.400.78
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan8.181.00
Australasia5.761.16
Asia - Developed2.440.50
Asia - Emerging0.000.00
 
Category: Property - Indirect Global
Sector Weightings31/03/2025
 % of EquityRelative to Category
Real EstateReal Estate100.001.00
 
Category: Property - Indirect Global
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings63
Total Number of Bond Holdings0
Assets in Top 10 Holdings42.25
NameSectorCountry% of Assets
Welltower Inc104United States7.25
Equinix Inc104United States5.39
Prologis Inc104United States5.30
Realty Income Corp104United States4.38
Mitsui Fudosan Co Ltd104Japan3.88
AvalonBay Communities Inc104United States3.70
Extra Space Storage Inc104United States3.51
Digital Realty Trust Inc104United States3.27
Camden Property Trust104United States2.80
Goodman Group104Australia2.76
 
Increase Decrease New since last portfolio
Category: Property - Indirect Global
 
Management
Name of CompanyFranklin Templeton International Services S.à r.l.
Phone+352 46 66 67 212
Websitewww.franklintempleton.lu
Address8A, rue Albert Borschette
 Luxembourg   L-1246
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date29/12/2005
Fund Advisor(s)
Franklin Templeton Institutional, LLC
Fund ManagerDaniel Scher
Manager Start Date03/09/2019
 
Biography
Mr. Scher, portfolio manager, joined Franklin Templeton Investments in 2002. Prior to joining the Global Real Estate Securities team in 2007, Mr. Scher had spent over four years performing business development, marketing and client service functions for Franklin Templeton Institutional in Melbourne, Australia. Prior to joining Franklin Templeton in 2002, Mr. Scher worked for the asset management division of the Australia and New Zealand Banking Group (ANZ) providing investment support and research to the institutional funds management distribution team. He was also with Ernst & Young in their international taxation division as a graduate economist.
Fund ManagerBlair Schmicker
Manager Start Date03/09/2019
 
Biography
Mr. Schmicker has been a portfolio manager with Franklin Advisers, Inc. since 2009, providing research and advice on the purchases and sales of individual securities, and portfolio risk assessment. He joined Franklin Templeton Investments in 2007. Prior to joining Franklin Templeton Investments in 2007, he worked as an associate at Aetos Capital and as an analyst at Credit Suisse.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.75%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.90%
Purchase Details
Minimum Investments
Initial1000  USD
Additional1000  USD
Savings-
Tax Free Savings Schemes
ISAsYes