NRECX: Neuberger Berman Real Estate C

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NRECX Neuberger Berman Real Estate C


Profile

NRECX - Profile

Vitals

  • YTD Return -8.2%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $649 M
  • Holdings in Top 10 53.5%

52 WEEK LOW AND HIGH

$13.43
$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 Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return -8.2%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 4.8%
  • 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.


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Categories

Performance

NRECX - Performance

Return Ranking - Trailing

Period NRECX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.2% -37.1% 21.5% 13.85%
1 Yr -11.6% -54.6% 21.5% 18.15%
3 Yr 0.0%* -23.8% 10.3% 15.72%
5 Yr -0.6%* -23.4% 10.2% 32.65%
10 Yr 1.9%* -8.3% 13.0% 45.38%

* Annualized

Return Ranking - Calendar

Period NRECX Return Category Return Low Category Return High Rank in Category (%)
2019 24.9% -22.7% 43.1% 15.08%
2018 -11.2% -44.0% 2.2% 54.20%
2017 4.9% -16.4% 25.4% 13.02%
2016 -9.4% -28.0% 12.5% 92.61%
2015 -5.7% -19.4% 2.4% 63.24%

Total Return Ranking - Trailing

Period NRECX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.2% -37.1% 21.5% 13.85%
1 Yr -11.6% -54.6% 21.5% 18.15%
3 Yr 1.9%* -22.6% 10.3% 10.04%
5 Yr 4.8%* -15.4% 10.2% 11.22%
10 Yr 6.5%* -5.0% 13.0% 19.23%

* Annualized

Total Return Ranking - Calendar

Period NRECX Return Category Return Low Category Return High Rank in Category (%)
2019 24.9% -22.7% 43.1% 15.08%
2018 -10.5% -43.3% 2.2% 70.59%
2017 10.7% -13.6% 31.4% 7.44%
2016 3.3% -12.3% 12.5% 66.01%
2015 2.1% -15.2% 7.7% 45.95%

NAV & Total Return History


Holdings

NRECX - Holdings

Concentration Analysis

NRECX Category Low Category High NRECX % Rank
Net Assets 649 M 930 K 57.4 B 36.80%
Number of Holdings 35 20 562 76.75%
Net Assets in Top 10 350 M -543 K 27.9 B 35.42%
Weighting of Top 10 53.47% 11.0% 79.3% 27.97%

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
96.20% -2.77% 103.97% 74.91%
Cash
3.79% -104.20% 19.25% 12.55%
Preferred Stocks
0.00% 0.00% 45.03% 34.32%
Other
0.00% -10.54% 93.58% 33.21%
Convertible Bonds
0.00% 0.00% 6.83% 30.26%
Bonds
0.00% -3.82% 101.08% 32.10%

Stock Sector Breakdown

Weighting Return Low Return High NRECX % Rank
Real Estate
98.45% 36.96% 100.00% 76.63%
Financial Services
1.55% 0.00% 37.05% 7.28%
Utilities
0.00% 0.00% 5.47% 26.82%
Technology
0.00% 0.00% 14.65% 34.10%
Industrials
0.00% 0.00% 10.01% 32.18%
Healthcare
0.00% 0.00% 0.34% 28.74%
Energy
0.00% 0.00% 1.48% 25.29%
Communication Services
0.00% 0.00% 3.29% 28.35%
Consumer Defense
0.00% 0.00% 0.23% 25.29%
Consumer Cyclical
0.00% 0.00% 34.25% 54.79%
Basic Materials
0.00% 0.00% 5.79% 25.67%

Stock Geographic Breakdown

Weighting Return Low Return High NRECX % Rank
US
94.71% -2.77% 103.97% 70.85%
Non US
1.49% 0.00% 28.03% 10.70%

Expenses

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% 21.71%
Management Fee 1.06% 0.00% 1.67% 88.56%
12b-1 Fee 1.00% 0.00% 1.00% 82.98%
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 1.50% 6.50% N/A
Deferred Load 1.00% 1.00% 5.00% 23.53%

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% 41.89%

Distributions

NRECX - Distributions

Dividend Yield Analysis

NRECX Category Low Category High NRECX % Rank
Dividend Yield 0.00% 0.00% 7.34% 28.78%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NRECX Category Low Category High NRECX % Rank
Net Income Ratio 0.43% -2.55% 5.67% 95.88%

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 +

Fund Manager Analysis

NRECX - Fund Manager Analysis

Managers

Steve Shigekawa


Start Date

Tenure

Tenure Rank

Dec 31, 2005

14.68

14.7%

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

11.86

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
0.23 26.68 8.89 0.67