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f you're searching for Sector - Real Estate funds and have come across Franklin Real Estate Security A (FREEX), consider looking elsewhere due to its poor performance. FREEX has a Zacks Mutual Fund Rank of 4, indicating it's a sell based on factors like size, cost, and past performance. As a Sector - Real Estate fund, it invests in real estate investment trusts (REITs), which are popular for their high dividend yields due to tax rules that require REITs to distribute at least 90% of income annually.

    Franklin Real Estate Security A has been managed by Daniel Scher since May 2014 and has $202.35 million in assets, accumulated over its nearly three-decade history. However, the fund's performance is underwhelming, with a 5-year annualized total return of just 2.82%, placing it in the bottom third among peers. Over the past three years, FREEX's returns were even more dismal, with an annualized total return of -5.39%.

    When evaluating a fund's performance, consider its standard deviation and beta. The lower the standard deviation, the less volatile the fund is. However, FREEX has a higher standard deviation than its peers over both three- and five-year periods. Its 5-year beta of 0.99 indicates it's as volatile as the market average. Furthermore, the fund's negative alpha of -9.7 over the past five years suggests that managers struggle to pick securities that outperform the benchmark S&P 500.