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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.69

$29 M

0.45%

$0.03

1.47%

Vitals

YTD Return

-2.5%

1 yr return

11.5%

3 Yr Avg Return

0.8%

5 Yr Avg Return

3.1%

Net Assets

$29 M

Holdings in Top 10

47.0%

52 WEEK LOW AND HIGH

$6.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.47%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 201.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.69

$29 M

0.45%

$0.03

1.47%

PRKQX - Profile

Distributions

  • YTD Total Return -2.5%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.82%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PGIM Real Estate Income Fund
  • Fund Family Name
    PRUDENTIAL
  • Inception Date
    Dec 28, 2016
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Rick Romano

Fund Description

The Fund seeks to achieve its investment objective by investing primarily in real estate securities that the subadviser believes offer the potential for income. The Fund normally invests at least 80% of its investable assets in equity and equity-related securities of real estate companies, principally real estate investment trusts (“REITs”), and other real estate securities. The term “investable assets” refers to the Fund’s net assets plus any borrowings for investment purposes. The Fund’s investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions.The Fund concentrates its investments in real estate securities, which means that the Fund invests 25% or more of its total assets in real estate securities.A significant portion of the Fund’s investments in equity and equity-related securities will include common and preferred real estate securities.The Fund may invest without limit in equity and equity-related securities of non-U.S. real estate companies, including those in emerging markets.The Fund may invest in companies of any market capitalization.The subadviser's approach to real estate investing is value-oriented based upon real estate fundamentals and assessments of management teams. The subadviser emphasizes both quantitative and qualitative investment analysis, and focuses on valuation relative to a company's underlying real estate assets as well as a company's on-going concern valuation. Through detailed company research that includes regular management visits, property tours and financial analysis, the subadviser analyzes the quality of real estate asset cash flows and sustainability and growth of company dividends. The subadviser also evaluates the company's strategy, management's track record, incentives and ability to create long term shareholder value. Only about 10% of institutional quality commercial real estate is publicly traded, and the subadviser believes that public real estate securities managers need a firm understanding of the other 90%—the private real estate markets—to successfully add value.Decisions to sell portfolio securities are based on relative analysis which entails examination of a variety of factors, including the subadviser's assessment of relative risk adjusted return for the securities.The Fund is “non-diversified” for purposes of the Investment Company Act of 1940 (the “1940 Act”), which means that it can invest a greater percentage of its assets in fewer issuers than a “diversified” fund.
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PRKQX - Performance

Return Ranking - Trailing

Period PRKQX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.5% -12.1% 6.0% 17.25%
1 Yr 11.5% -14.5% 29.8% 21.96%
3 Yr 0.8%* -11.1% 10.5% 50.60%
5 Yr 3.1%* -11.3% 15.9% 48.03%
10 Yr N/A* -1.4% 15.0% N/A

* Annualized

Return Ranking - Calendar

Period PRKQX Return Category Return Low Category Return High Rank in Category (%)
2023 5.7% -17.6% 24.6% 69.02%
2022 -20.4% -51.3% 2.7% 9.84%
2021 -7.7% -7.7% 52.3% 100.00%
2020 -13.0% -42.2% 35.0% 77.02%
2019 24.3% -0.6% 43.1% 25.66%

Total Return Ranking - Trailing

Period PRKQX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.5% -12.1% 6.0% 17.25%
1 Yr 11.5% -14.5% 29.8% 21.96%
3 Yr 0.8%* -11.1% 10.5% 50.60%
5 Yr 3.1%* -11.3% 15.9% 48.03%
10 Yr N/A* -1.4% 15.0% N/A

* Annualized

Total Return Ranking - Calendar

Period PRKQX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -14.0% 25.0% 73.73%
2022 -16.1% -40.7% 7.8% 9.06%
2021 20.9% 7.8% 54.6% 89.96%
2020 -8.7% -36.6% 44.3% 82.98%
2019 39.7% 3.4% 46.4% 3.98%

NAV & Total Return History


PRKQX - Holdings

Concentration Analysis

PRKQX Category Low Category High PRKQX % Rank
Net Assets 29 M 1.73 M 56.5 B 88.80%
Number of Holdings 34 18 501 71.69%
Net Assets in Top 10 13.9 M 711 K 26.1 B 92.28%
Weighting of Top 10 47.04% 15.7% 82.2% 85.66%

Top 10 Holdings

  1. Digital Realty Trust Inc 5.96%
  2. Simon Property Group Inc 5.57%
  3. Apple Hospitality REIT Inc 5.40%
  4. Omega Healthcare Investors Inc 5.05%
  5. Agree Realty Corp 4.79%
  6. Broadstone Net Lease Inc 4.57%
  7. VICI Properties Inc 4.47%
  8. EPR Properties 4.10%
  9. Kilroy Realty Corp 3.74%
  10. Vornado Realty Trust 3.41%

Asset Allocation

Weighting Return Low Return High PRKQX % Rank
Stocks
78.98% 0.00% 106.01% 79.78%
Preferred Stocks
20.38% 0.00% 31.13% 2.21%
Cash
0.64% -42.50% 20.74% 76.10%
Other
0.00% -89.96% 112.19% 71.32%
Convertible Bonds
0.00% 0.00% 10.95% 74.17%
Bonds
0.00% -3.17% 148.00% 75.37%

Stock Sector Breakdown

Weighting Return Low Return High PRKQX % Rank
Real Estate
100.00% 34.46% 100.00% 26.74%
Utilities
0.00% 0.00% 3.55% 72.48%
Technology
0.00% 0.00% 12.02% 77.13%
Industrials
0.00% 0.00% 7.39% 74.81%
Healthcare
0.00% 0.00% 0.53% 72.48%
Financial Services
0.00% 0.00% 37.05% 75.19%
Energy
0.00% 0.00% 33.11% 73.26%
Communication Services
0.00% 0.00% 11.61% 75.58%
Consumer Defense
0.00% 0.00% 0.93% 72.48%
Consumer Cyclical
0.00% 0.00% 45.29% 85.66%
Basic Materials
0.00% 0.00% 13.69% 72.87%

Stock Geographic Breakdown

Weighting Return Low Return High PRKQX % Rank
US
60.34% 0.00% 106.01% 81.62%
Non US
18.64% 0.00% 40.58% 3.68%

PRKQX - Expenses

Operational Fees

PRKQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.47% 0.07% 24.62% 39.03%
Management Fee 0.80% 0.00% 1.50% 66.18%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

PRKQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PRKQX 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.

PRKQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 201.00% 0.11% 380.00% 98.42%

PRKQX - Distributions

Dividend Yield Analysis

PRKQX Category Low Category High PRKQX % Rank
Dividend Yield 0.45% 0.00% 13.25% 11.03%

Dividend Distribution Analysis

PRKQX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Quarterly

Net Income Ratio Analysis

PRKQX Category Low Category High PRKQX % Rank
Net Income Ratio 2.82% -1.14% 6.05% 7.81%

Capital Gain Distribution Analysis

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

Distributions History

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PRKQX - Fund Manager Analysis

Managers

Rick Romano


Start Date

Tenure

Tenure Rank

Jun 03, 2015

7.0

7.0%

Rick J. Romano, CFA, is a Managing Director and Portfolio Manager for PGIM Real Estate. He is responsible for management of the group's North American public securities investments. Mr. Romano joined Prudential in 1998 from Rockefeller & Co., an investment management firm for the Rockefeller family and other high net worth clients. At Rockefeller & Co., Mr. Romano was an Equity Analyst for three investment partnerships. He was responsible for covering real estate and leisure stocks globally and served as a generalist covering domestic equity securities. Prior to joining Rockefeller & Co., Mr. Romano was a Senior Investment Analyst at the Prudential Realty Group where he worked on the valuation, asset management and portfolio management. Mr. Romano has served on the board of several private real estate companies. He is also a member of the CFA Institute (CFA), the New York Society of Security Analysts (NYSSA) and NAREIT. Mr. Romano received a BA from Rutgers College and a MBA in Finance from New York University's Stern School of Business. In addition, he is a CFA charter holder.

Michael Gallagher


Start Date

Tenure

Tenure Rank

Jun 03, 2015

7.0

7.0%

Michael Gallagher is a Executive Director for Prudential Real Estate Investors based in London. He is the Portfolio Manager for the European real estate securities. Mr. Gallagher has over 20 years of real estate experience and 16 years in the broader public markets. Prior to joining Prudential, Mr. Gallagher was the Assistant Fund Manager for Global Real Estate Securities at Aviva Investors (London) where he was responsible for portfolio construction and stock selection of European real estate securities. Prior to Aviva, Mr. Gallagher was a Vice President of Citigroup (London) where he covered diversified financials and the real estate sector. At Citigroup, Mr. Gallagher was responsible for modeling and research for companies under his coverage. Mr. Gallagher came to Citigroup from Deutsche Bank (London /Frankfurt) where he was a pan European equity analyst covering bank stocks and diversified German companies. Mr. Gallagher holds a BA in Economics from Harvard University, magna cum laude and was the recipient of the Harvard College Scholarship. Mr. Gallagher also holds a MA in International Political Economy from Cornell University where he was awarded the Mellon Foundation Scholarship. Mr. Gallagher speaks several languages including English (native), German, French, Italian and Portuguese.

Daniel Cooney


Start Date

Tenure

Tenure Rank

Jun 11, 2018

3.97

4.0%

Daniel Cooney, CFA, is an Executive Director and Portfolio Manager assisting in the investment management and operations of PGIM’s Global Real Estate Securities portfolios focusing on North American public securities. His responsibilities include fundamental investment research, securities analysis and assisting in portfolio management. Mr. Cooney joined Prudential in 2013 from RREEF, where he worked as a securities analyst in the global securities team. Prior to RREEF, Mr. Cooney worked as a Senior Equity REIT analyst at Keefe, Bruyette & Woods (KBW) in New York. Mr. Cooney is a member of the CFA Institute (CFA) and the New York Society of Security Analysts (NYSSA). Mr. Cooney earned a bachelor's degree in economics from Trinity College and is a CFA charter holder.

Alvin Chan


Start Date

Tenure

Tenure Rank

May 15, 2020

2.04

2.0%

Alvin Chan Mr. Chan is a Vice President and Portfolio Manager assisting in the investment management and operations of PGIM’s Global Real Estate securities portfolios focusing on Asian public securities. His responsibilities include fundamental investment research, securities analysis and assisting in portfolio management. Mr. Chan joined Prudential in 2016 from BlackRock where he worked as an equities analyst on the global real estate securities team. Prior to that, he had worked as a Senior Analyst at Principal Global Investors and Lasalle Investment Management. Mr. Chan started his career as an Equity Research Associate with UBS in Singapore. He holds a Bachelor of Science degree in Real Estate from the National University of Singapore and is a CFA charterholder. Mr. Chan is fluent in English and Mandarin (Chinese).

Samit Parikh


Start Date

Tenure

Tenure Rank

Dec 15, 2020

1.46

1.5%

Samit Parikh is a Managing Director at PGIM Real Estate and Head of International Investments for the Global Real Estate Securities business. Samit joined PGIM Real Estate in 2015 from Booth Park Capital Management, where he worked as a senior analyst for the global long / short real estate securities team. Prior to Booth Park, Samit was a senior equity analyst for #1 ranked REIT research team according to Institutional Investor magazine at the ISI Group. Mr. Parikh earned a bachelor's degree in finance from Rutgers University. He is a member of the International Council of Shopping Centers (ICSC) and National Association of Real Estate Investment Trusts (NAREIT).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 7.9 2.23