# Portfolio overlap — AREWX vs FREEX

Comparing **Real Estate Fund** (2026-01-31) and **Franklin Real Estate Securities Fund** (2026-01-31).

- Shared positions: 26
- Real Estate Fund covered by Franklin Real Estate Securities Fund: 0.6828894389650587551215622609
- Franklin Real Estate Securities Fund covered by Real Estate Fund: 0.6828894389650587551215622609

## Real Estate Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| PROLOGIS INC REIT | 0.104306 | ✓ |
| WELLTOWER INC | 0.101349 | ✓ |
| EQUINIX INC | 0.062681 | ✓ |
| AMERICAN TOWER CORP | 0.057189 | ✓ |
| SIMON PROPERTY | 0.050825 | ✓ |
| DIGITAL REALTY TRUST INC | 0.046322 | ✓ |
| CROWN CASTLE INC | 0.040426 | ✓ |
| EXTRA SPACE STORAGE INC | 0.038481 | ✓ |
| VENTAS INC REIT | 0.037850 | ✓ |
| HOST HOTELS & RE | 0.035160 |  |
| FIRST INDUSTRIAL REALTY TRUST | 0.025164 | ✓ |
| IRON MOUNTAIN INC | 0.024823 | ✓ |
| ESSENTIAL PROPERTIES REALTY TRUST INC | 0.024706 | ✓ |
| CAMDEN PROP TR | 0.022622 | ✓ |
| UDR INC | 0.021994 |  |
| WEYERHAEUSER CO | 0.021439 | ✓ |
| WP CAREY INC | 0.021234 |  |
| BRIXMOR PROPERTY | 0.019642 | ✓ |
| BROADSTONE NET LEASE INC | 0.019059 | ✓ |
| CBRE GROUP INC - CL A | 0.018615 | ✓ |
| AMERICAN HEALTHCARE REIT INC | 0.017631 | ✓ |
| SUN COMMUNITIES INC - REIT | 0.017366 |  |
| TANGER INC- REIT | 0.016943 |  |
| MILLROSE PROPERTIES INC | 0.015188 |  |
| AMERICAN HOMES-A | 0.013736 | ✓ |
| PHILLIPS EDISON and CO INC | 0.013728 |  |
| AVALONBAY COMMUNITIES INC REIT | 0.013379 | ✓ |
| SL GREEN REALTY CORP REIT | 0.011975 | ✓ |
| OMEGA HEALTHCARE INVESTORS INC | 0.011946 |  |
| NETSTREIT CORP | 0.011543 | ✓ |
| CARETRUST REIT INC | 0.011202 |  |
| REGENCY CENTERS CORP REIT | 0.011010 | ✓ |
| CUBESMART | 0.010841 | ✓ |
| CORPORATE OFFICE PROPERTIES TR | 0.007474 |  |
| MACERICH COMPANY | 0.007064 | ✓ |
| NATIONAL STORAGE AFFILIATES TRUST | 0.006464 |  |
| GO Residential Real Estate Investment Trust | 0.004631 | ✓ |
| Fixed Income Clearing Corp 3.66 02/02/2026 | 0.003977 |  |
| State Street Navigator Securities Lending Portfolio II | 0.000014 |  |

## Franklin Real Estate Securities Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| WELLTOWER INC | 0.104229 | ✓ |
| PROLOGIS INC REIT | 0.066521 | ✓ |
| EQUINIX INC | 0.064951 | ✓ |
| REALTY INCOME CORP REIT | 0.048226 |  |
| DIGITAL REALTY TRUST INC | 0.048102 | ✓ |
| AMERICAN TOWER CORP | 0.044372 | ✓ |
| CROWN CASTLE INC | 0.039590 | ✓ |
| AVALONBAY COMMUNITIES INC REIT | 0.036434 | ✓ |
| VENTAS INC REIT | 0.033086 | ✓ |
| CAMDEN PROP TR | 0.031594 | ✓ |
| CBRE GROUP INC - CL A | 0.030951 | ✓ |
| AMERICAN HOMES-A | 0.028459 | ✓ |
| EXTRA SPACE STORAGE INC | 0.027730 | ✓ |
| SIMON PROPERTY | 0.027618 | ✓ |
| IRON MOUNTAIN INC | 0.025241 | ✓ |
| BRIXMOR PROPERTY | 0.024442 | ✓ |
| REGENCY CENTERS CORP REIT | 0.024406 | ✓ |
| EQUITY LIFESTYLE PPTYS INC | 0.020307 |  |
| EASTGROUP PROP | 0.020037 |  |
| FIRST INDUSTRIAL REALTY TRUST | 0.019876 | ✓ |
| NETSTREIT CORP | 0.019172 | ✓ |
| WEYERHAEUSER CO | 0.015894 | ✓ |
| SABRA HEALTHCARE REIT INC | 0.013846 |  |
| ESSENTIAL PROPERTIES REALTY TRUST INC | 0.013802 | ✓ |
| CUBESMART | 0.013771 | ✓ |
| TERRENO REALTY CORP | 0.012902 |  |
| MACERICH COMPANY | 0.012419 | ✓ |
| COUSINS PROPERTIES INC | 0.012040 |  |
| BROADSTONE NET LEASE INC | 0.011553 | ✓ |
| RYMAN HOSPITALITY PPTYS INC | 0.011025 |  |
| AGREE REALTY CORP | 0.010184 |  |
| AMERICAN HEALTHCARE REIT INC | 0.009506 | ✓ |
| INDEPENDENCE REALTY TR INC | 0.009366 |  |
| SMARTSTOP SELF STORAGE REIT INC | 0.009151 |  |
| INVENTRUST PROPE | 0.008320 |  |
| BXP INC | 0.008257 |  |
| SUNSTONE HOTEL INVS INC | 0.008234 |  |
| HIGHWOODS PROPERTIES INC | 0.007473 |  |
| PEBBLEBROOK HOTEL TRUST | 0.006935 |  |
| SL GREEN REALTY CORP REIT | 0.006070 | ✓ |
| Franklin Institutional US Government Money Market Fund | 0.005294 |  |
| NEWMARK GROUP INC CL A | 0.004968 |  |
| GO Residential Real Estate Investment Trust | 0.003645 | ✓ |


## Sources

- N-PORT (fund A) — accession `0001193125-26-129707` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/908186/000119312526129707/0001193125-26-129707-index.htm>
- N-PORT (fund B) — accession `0002071691-26-007563` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/912291/000207169126007563/0002071691-26-007563-index.htm>

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