NRECX: Neuberger Berman Real Estate Fund - MutualFunds.com

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Neuberger Berman Real Estate C

NRECX - Snapshot

Vitals

  • YTD Return -6.5%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 6.8%
  • Net Assets $640 M
  • Holdings in Top 10 54.6%

52 WEEK LOW AND HIGH

$13.76
$9.94
$15.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.18%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 38.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Compare NRECX to Popular Real Estate Sector Equity

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$80.82

-0.71%

$55.16 B

3.86%

$3.14

-14.26%

0.12%

$26.42

-1.57%

$55.16 B

2.58%

$0.69

-14.36%

0.26%

$36.09

-0.77%

$8.59 B

2.51%

$0.91

-11.80%

0.20%

$19.20

-1.54%

$6.77 B

4.01%

$0.78

-14.21%

0.08%

$58.01

-0.70%

$5.60 B

18.14%

$10.60

-12.32%

0.95%

NRECX - Profile

Distributions

  • YTD Total Return -6.5%
  • 3 Yr Annualized Total Return 5.4%
  • 5 Yr Annualized Total Return 6.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.43%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Neuberger Berman Real Estate Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Jun 21, 2010
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steve Shigekawa

Fund Description

The fund normally invests at least 80% of its net assets in equity securities issued by real estate investment trusts ("REITs") and common stocks and other securities issued by other real estate companies. The manager defines a real estate company as one that derives at least 50% of its revenue from, or has at least 50% of its assets in, real estate. The fund may invest up to 20% of its net assets in debt securities of real estate companies. It is non-diversified.


NRECX - Performance

Return Ranking - Trailing

Period NRECX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.5% -49.6% 25.0% 8.49%
1 Yr -8.5% -42.6% 37.1% 21.99%
3 Yr 5.4%* -15.8% 15.1% 10.11%
5 Yr 6.8%* -3.2% 14.2% 14.29%
10 Yr 7.9%* 3.0% 15.4% 55.02%

* Annualized

Return Ranking - Calendar

Period NRECX Return Category Return Low Category Return High Rank in Category (%)
2019 24.9% -0.8% 43.1% 15.27%
2018 -11.2% -44.0% 4.9% 55.69%
2017 4.9% -16.4% 25.4% 15.70%
2016 -9.4% -13.1% 340.0% 94.23%
2015 -5.7% -18.4% 7.7% 67.20%

Total Return Ranking - Trailing

Period NRECX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.5% -48.7% 25.0% 8.49%
1 Yr -9.3% -42.6% 37.1% 19.15%
3 Yr 5.4%* -15.8% 15.1% 9.74%
5 Yr 6.8%* -3.5% 14.2% 12.30%
10 Yr 7.9%* 3.0% 15.4% 52.15%

* Annualized

Total Return Ranking - Calendar

Period NRECX Return Category Return Low Category Return High Rank in Category (%)
2019 24.9% -0.8% 43.1% 15.27%
2018 -10.5% -43.3% 4.9% 71.14%
2017 10.7% -13.6% 31.4% 6.28%
2016 3.3% -12.3% 13.4% 63.46%
2015 2.1% -18.4% 7.7% 43.92%

NAV & Total Return History


NRECX - Holdings

Concentration Analysis

NRECX Category Low Category High NRECX % Rank
Net Assets 640 M 929 K 55.2 B 37.88%
Number of Holdings 35 18 562 75.89%
Net Assets in Top 10 350 M 519 K 27.2 B 35.46%
Weighting of Top 10 54.62% 14.1% 76.1% 18.89%

Top 10 Holdings

  1. American Tower Corp 8.66%
  2. Crown Castle International Corp 7.58%
  3. Equinix Inc 7.56%
  4. Prologis Inc 6.24%
  5. SBA Communications Corp 4.84%
  6. Public Storage 4.54%
  7. Digital Realty Trust Inc 4.16%
  8. Weyerhaeuser Co 3.42%
  9. Equity Residential 3.30%
  10. American Homes 4 Rent Class A 3.16%

Asset Allocation

Weighting Return Low Return High NRECX % Rank
Stocks
96.61% 1.97% 101.95% 75.53%
Cash
3.39% -104.20% 19.25% 12.77%
Preferred Stocks
0.00% 0.00% 45.03% 36.17%
Other
0.00% -10.54% 95.74% 39.36%
Convertible Bonds
0.00% 0.00% 7.50% 29.43%
Bonds
0.00% -9.65% 101.08% 33.69%

Stock Sector Breakdown

Weighting Return Low Return High NRECX % Rank
Real Estate
98.43% 30.32% 100.00% 76.28%
Financial Services
1.57% 0.00% 37.05% 6.93%
Utilities
0.00% 0.00% 5.47% 26.28%
Technology
0.00% 0.00% 14.65% 32.12%
Industrials
0.00% 0.00% 10.74% 32.12%
Healthcare
0.00% 0.00% 38.43% 27.37%
Energy
0.00% 0.00% 1.16% 23.72%
Communication Services
0.00% 0.00% 11.17% 27.01%
Consumer Defense
0.00% 0.00% 2.24% 24.09%
Consumer Cyclical
0.00% 0.00% 41.45% 52.55%
Basic Materials
0.00% 0.00% 5.97% 25.18%

Stock Geographic Breakdown

Weighting Return Low Return High NRECX % Rank
US
95.09% 1.97% 100.26% 73.40%
Non US
1.52% 0.00% 32.96% 13.12%

NRECX - Expenses

Operational Fees

NRECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.18% 0.07% 23.80% 18.15%
Management Fee 1.06% 0.00% 1.67% 90.07%
12b-1 Fee 1.00% 0.00% 1.00% 82.61%
Administrative Fee 0.26% 0.01% 0.47% 85.54%

Sales Fees

NRECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 15.15%

Trading Fees

NRECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NRECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 1.54% 257.00% 48.18%

NRECX - Distributions

Dividend Yield Analysis

NRECX Category Low Category High NRECX % Rank
Dividend Yield 0.00% 0.00% 12.83% 33.33%

Dividend Distribution Analysis

NRECX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

NRECX Category Low Category High NRECX % Rank
Net Income Ratio 0.43% -2.55% 6.71% 96.06%

Capital Gain Distribution Analysis

NRECX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

NRECX - Fund Manager Analysis

Managers

Steve Shigekawa


Start Date

Tenure

Tenure Rank

Dec 31, 2005

14.76

14.8%

Steve Shigekawa, Managing Director, joined the firm in 2002. Steve is a Co-Portfolio Manager for the Real Estate Securities group. He has been a Portfolio Manager with the firm since 2005. Prior to that, he was an analyst with the firm covering REIT securities. .Previously, he was a research associate at Prudential Securities, an intern at Cohen & Steers Capital Management, and an associate at Wilshire Associates, where he spent four years. He received a BA from the University of California at Los Angeles and an MBA from New York University.

Brian Jones


Start Date

Tenure

Tenure Rank

Oct 24, 2008

11.94

11.9%

Brian C. Jones, CFA, Managing Director, joined the firm in 1999. Brian is a Co-Portfolio Manager for the Real Estate Securities group. Previously, he was a research associate at UBS Warburg, Thornton Investment Management and The Dreyfus Corporation, where he began his career in 1993. Brian received a BA from Harvard University. He has also been awarded the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 26.76 8.49 14.76