PAREX: T. Rowe Price Real Estate Advisor

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PAREX T. Rowe Price Real Estate Advisor


Profile

PAREX - Profile

Vitals

  • YTD Return -20.5%
  • 3 Yr Annualized Return -9.9%
  • 5 Yr Annualized Return -4.8%
  • Net Assets $1.79 B
  • Holdings in Top 10 55.2%

52 WEEK LOW AND HIGH

$20.78
$15.87
$30.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.61%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.40%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

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

Distributions

  • YTD Total Return -20.5%
  • 3 Yr Annualized Total Return -7.6%
  • 5 Yr Annualized Total Return -2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.95%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    T. Rowe Price Real Estate Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Dec 31, 2004
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Nina Jones

Fund Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in the equity securities of real estate companies. It is likely to maintain a significant portion of assets in real estate investment trusts (REITs). REITs pool money to invest in properties (equity REITs) or mortgages (mortgage REITs). The fund generally invests in equity REITs. It is non-diversified.


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Categories

Performance

PAREX - Performance

Return Ranking - Trailing

Period PAREX Return Category Return Low Category Return High Rank in Category (%)
YTD -20.5% -36.4% 2.8% 85.28%
1 Yr -27.8% -54.6% 21.5% 94.98%
3 Yr -9.9%* -23.8% 7.6% 85.78%
5 Yr -4.8%* -23.4% 7.6% 61.62%
10 Yr 2.9%* -8.3% 6.5% 44.35%

* Annualized

Return Ranking - Calendar

Period PAREX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% -22.7% 43.1% 91.83%
2018 -13.6% -44.0% 2.2% 74.49%
2017 0.8% -16.4% 25.4% 49.09%
2016 3.8% -28.0% 12.5% 12.50%
2015 2.4% -19.4% 2.4% 0.53%

Total Return Ranking - Trailing

Period PAREX Return Category Return Low Category Return High Rank in Category (%)
YTD -20.5% -36.4% 2.8% 85.28%
1 Yr -27.8% -54.6% 21.5% 94.98%
3 Yr -7.6%* -22.4% 7.6% 89.66%
5 Yr -2.6%* -16.1% 7.6% 74.24%
10 Yr 5.2%* -4.1% 10.5% 59.68%

* Annualized

Total Return Ranking - Calendar

Period PAREX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% -22.7% 43.1% 91.83%
2018 -9.3% -43.3% 2.2% 64.61%
2017 4.1% -13.6% 31.4% 54.55%
2016 5.8% -12.3% 12.5% 32.69%
2015 4.6% -15.2% 7.7% 10.53%

NAV & Total Return History


Holdings

PAREX - Holdings

Concentration Analysis

PAREX Category Low Category High PAREX % Rank
Net Assets 1.79 B 1.26 M 54.6 B 22.13%
Number of Holdings 40 21 660 64.31%
Net Assets in Top 10 960 M 718 K 26.5 B 19.70%
Weighting of Top 10 55.15% 10.6% 78.9% 17.94%

Top 10 Holdings

  1. Prologis Inc 10.99%
  2. AvalonBay Communities Inc 7.16%
  3. Public Storage 6.09%
  4. Equity Residential 5.54%
  5. Camden Property Trust 5.50%
  6. Alexandria Real Estate Equities Inc 4.51%
  7. Douglas Emmett Inc 4.23%
  8. Essex Property Trust Inc 4.18%
  9. Healthcare Realty Trust Inc 3.57%
  10. American Campus Communities Inc 3.39%

Asset Allocation

Weighting Return Low Return High PAREX % Rank
Stocks
98.99% 6.22% 113.50% 33.46%
Cash
1.01% -103.72% 19.82% 58.36%
Preferred Stocks
0.00% 0.00% 49.95% 79.55%
Other
0.00% -4.55% 88.14% 76.58%
Convertible Bonds
0.00% 0.00% 6.95% 78.07%
Bonds
0.00% -2.42% 106.34% 80.30%

Stock Sector Breakdown

Weighting Return Low Return High PAREX % Rank
Real Estate
98.26% 43.26% 100.00% 76.83%
Consumer Cyclical
1.74% 0.00% 27.49% 11.20%
Utilities
0.00% 0.00% 6.44% 74.52%
Technology
0.00% 0.00% 15.01% 77.99%
Industrials
0.00% 0.00% 9.56% 77.61%
Healthcare
0.00% 0.00% 3.74% 74.13%
Financial Services
0.00% 0.00% 7.44% 79.54%
Energy
0.00% 0.00% 1.63% 74.90%
Communication Services
0.00% 0.00% 2.48% 74.90%
Consumer Defense
0.00% 0.00% 0.23% 74.52%
Basic Materials
0.00% 0.00% 5.36% 76.06%

Stock Geographic Breakdown

Weighting Return Low Return High PAREX % Rank
US
98.99% 6.22% 113.50% 30.48%
Non US
0.00% 0.00% 28.26% 82.16%

Expenses

PAREX - Expenses

Operational Fees

PAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.61% 0.07% 19.12% 96.03%
Management Fee 0.59% 0.00% 1.67% 23.05%
12b-1 Fee 0.25% 0.00% 1.00% 53.15%
Administrative Fee 0.15% 0.01% 0.47% 78.89%

Sales Fees

PAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 100.00%

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.

PAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.40% 3.00% 257.00% 6.18%

Distributions

PAREX - Distributions

Dividend Yield Analysis

PAREX Category Low Category High PAREX % Rank
Dividend Yield 0.00% 0.00% 7.54% 76.21%

Dividend Distribution Analysis

PAREX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

PAREX Category Low Category High PAREX % Rank
Net Income Ratio 1.95% -0.10% 5.67% 29.77%

Capital Gain Distribution Analysis

PAREX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PAREX - Fund Manager Analysis

Managers

Nina Jones


Start Date

Tenure

Tenure Rank

Jan 01, 2019

1.33

1.3%

Nina Jones is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. She is a portfolio manager and analyst in the Equity Division. She is president of the Global Real Estate Fund and chairman of the fund's Investment Advisory Committee. Nina is a vice president and Investment Advisory Committee member of the Real Estate, Equity Income, Growth & Income, Financial Services, Small-Cap Value, Mid-Cap Value, Real Assets, and Capital Appreciation Funds. She is also an Investment Advisory Committee member of the Institutional Large-Cap Value Fund. Nina joined the firm in 2008 after serving as a summer intern in 2007, following payroll processor companies in the business services sector. Prior to joining the firm, Nina was a senior associate in audit and risk advisory for KPMG LLP. She holds dual B.S. degrees in accounting and finance from the University of Maryland, magna cum laude, and earned an M.B.A. from Columbia Business School, graduating with honors. Nina is also a certified public accountant.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 26.34 8.69 14.34