PGIM Select Real Estate Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-4.3%
1 yr return
4.1%
3 Yr Avg Return
-2.6%
5 Yr Avg Return
4.0%
Net Assets
$178 M
Holdings in Top 10
46.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.42%
SALES FEES
Front Load 5.50%
Deferred Load N/A
TRADING FEES
Turnover 165.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SREAX - Profile
Distributions
- YTD Total Return -4.3%
- 3 Yr Annualized Total Return -2.6%
- 5 Yr Annualized Total Return 4.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.74%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePGIM Select Real Estate Fund
-
Fund Family NamePRUDENTIAL
-
Inception DateAug 01, 2014
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRick Romano
Fund Description
SREAX - Performance
Return Ranking - Trailing
Period | SREAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.3% | -15.0% | 5.7% | 15.47% |
1 Yr | 4.1% | -14.9% | 14.9% | 18.23% |
3 Yr | -2.6%* | -17.0% | 18.9% | 12.35% |
5 Yr | 4.0%* | -10.5% | 15.2% | 3.55% |
10 Yr | N/A* | -3.1% | 10.4% | 0.85% |
* Annualized
Return Ranking - Calendar
Period | SREAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.7% | -16.8% | 16.7% | 18.44% |
2022 | -27.2% | -43.9% | 4.5% | 33.91% |
2021 | 22.9% | -13.9% | 30.7% | 22.35% |
2020 | 1.4% | -20.7% | 13.7% | 7.06% |
2019 | 26.4% | 1.0% | 26.5% | 1.18% |
Total Return Ranking - Trailing
Period | SREAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.3% | -15.0% | 5.7% | 15.47% |
1 Yr | 4.1% | -14.9% | 14.9% | 18.23% |
3 Yr | -2.6%* | -17.0% | 18.9% | 12.35% |
5 Yr | 4.0%* | -10.5% | 15.2% | 3.55% |
10 Yr | N/A* | -3.1% | 10.4% | 0.85% |
* Annualized
Total Return Ranking - Calendar
Period | SREAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.7% | -14.6% | 23.4% | 11.73% |
2022 | -26.3% | -39.5% | 10.1% | 56.90% |
2021 | 28.4% | 5.7% | 101.8% | 30.00% |
2020 | 3.4% | -17.8% | 14.7% | 7.65% |
2019 | 36.8% | 6.7% | 37.2% | 1.78% |
NAV & Total Return History
SREAX - Holdings
Concentration Analysis
SREAX | Category Low | Category High | SREAX % Rank | |
---|---|---|---|---|
Net Assets | 178 M | 4.31 M | 9.6 B | 57.87% |
Number of Holdings | 50 | 5 | 682 | 91.16% |
Net Assets in Top 10 | 79.5 M | 1.87 M | 6.34 B | 58.01% |
Weighting of Top 10 | 46.72% | 19.9% | 63.6% | 8.33% |
Top 10 Holdings
- Prologis Inc 8.27%
- Equinix Inc 7.36%
- Welltower Inc 6.37%
- Realty Income Corp 4.49%
- Simon Property Group Inc 4.42%
- Public Storage 4.15%
- Mitsui Fudosan Co Ltd 3.48%
- Veris Residential Inc 3.12%
- Alexandria Real Estate Equities Inc 2.62%
- Equity Residential 2.44%
Asset Allocation
Weighting | Return Low | Return High | SREAX % Rank | |
---|---|---|---|---|
Stocks | 99.28% | 3.65% | 126.54% | 27.62% |
Cash | 0.72% | 0.00% | 10.38% | 75.69% |
Preferred Stocks | 0.00% | 0.00% | 7.47% | 20.99% |
Other | 0.00% | -33.49% | 63.49% | 43.65% |
Convertible Bonds | 0.00% | 0.00% | 0.07% | 16.11% |
Bonds | 0.00% | 0.00% | 23.57% | 19.89% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SREAX % Rank | |
---|---|---|---|---|
Real Estate | 98.25% | 72.53% | 100.00% | 40.11% |
Consumer Cyclical | 1.75% | 0.00% | 13.03% | 15.25% |
Utilities | 0.00% | 0.00% | 0.96% | 18.08% |
Technology | 0.00% | 0.00% | 4.92% | 50.28% |
Industrials | 0.00% | 0.00% | 4.91% | 28.81% |
Healthcare | 0.00% | 0.00% | 1.54% | 24.29% |
Financial Services | 0.00% | 0.00% | 9.53% | 27.12% |
Energy | 0.00% | 0.00% | 0.11% | 14.69% |
Communication Services | 0.00% | 0.00% | 10.08% | 63.28% |
Consumer Defense | 0.00% | 0.00% | 0.18% | 16.38% |
Basic Materials | 0.00% | 0.00% | 1.63% | 18.64% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SREAX % Rank | |
---|---|---|---|---|
US | 62.52% | 0.00% | 99.38% | 47.51% |
Non US | 36.76% | 0.00% | 98.96% | 32.04% |
SREAX - Expenses
Operational Fees
SREAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.42% | 0.11% | 36.96% | 43.65% |
Management Fee | 0.80% | 0.09% | 1.50% | 52.78% |
12b-1 Fee | 0.30% | 0.00% | 1.00% | 51.85% |
Administrative Fee | N/A | 0.01% | 0.25% | N/A |
Sales Fees
SREAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.50% | 3.50% | 5.75% | 46.67% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
SREAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
SREAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 165.00% | 1.00% | 165.00% | 98.29% |
SREAX - Distributions
Dividend Yield Analysis
SREAX | Category Low | Category High | SREAX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.02% | 0.00% | 5.66% | 28.18% |
Dividend Distribution Analysis
SREAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
SREAX | Category Low | Category High | SREAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.74% | -0.23% | 3.84% | 84.75% |
Capital Gain Distribution Analysis
SREAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 19, 2024 | $0.060 | OrdinaryDividend |
Dec 15, 2023 | $0.136 | OrdinaryDividend |
Oct 20, 2023 | $0.053 | OrdinaryDividend |
Jul 14, 2023 | $0.089 | OrdinaryDividend |
Apr 14, 2023 | $0.041 | OrdinaryDividend |
Jan 20, 2023 | $0.003 | OrdinaryDividend |
Dec 16, 2022 | $0.032 | OrdinaryDividend |
Oct 14, 2022 | $0.055 | OrdinaryDividend |
Jul 15, 2022 | $0.033 | OrdinaryDividend |
Apr 18, 2022 | $0.026 | OrdinaryDividend |
Oct 15, 2021 | $0.015 | OrdinaryDividend |
Jul 16, 2021 | $0.030 | OrdinaryDividend |
Apr 16, 2021 | $0.019 | OrdinaryDividend |
Jan 15, 2021 | $0.004 | OrdinaryDividend |
Dec 18, 2020 | $0.150 | OrdinaryDividend |
Oct 16, 2020 | $0.030 | OrdinaryDividend |
Jul 17, 2020 | $0.037 | OrdinaryDividend |
Apr 17, 2020 | $0.024 | OrdinaryDividend |
Dec 19, 2019 | $0.301 | ExtraDividend |
Oct 18, 2019 | $0.014 | OrdinaryDividend |
Jul 19, 2019 | $0.043 | OrdinaryDividend |
Apr 12, 2019 | $0.037 | OrdinaryDividend |
Oct 19, 2018 | $0.028 | OrdinaryDividend |
Jul 20, 2018 | $0.037 | OrdinaryDividend |
Apr 13, 2018 | $0.041 | OrdinaryDividend |
Jan 19, 2018 | $0.006 | OrdinaryDividend |
Dec 19, 2017 | $0.096 | ExtraDividend |
Oct 20, 2017 | $0.028 | OrdinaryDividend |
Jul 14, 2017 | $0.045 | OrdinaryDividend |
Jan 20, 2017 | $0.004 | OrdinaryDividend |
Oct 21, 2016 | $0.044 | OrdinaryDividend |
Jul 22, 2016 | $0.029 | OrdinaryDividend |
Apr 15, 2016 | $0.047 | OrdinaryDividend |
Dec 17, 2015 | $0.104 | ExtraDividend |
SREAX - Fund Manager Analysis
Managers
Rick Romano
Start Date
Tenure
Tenure Rank
Aug 01, 2014
7.84
7.8%
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
Aug 01, 2014
7.84
7.8%
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.
Samit Parikh
Start Date
Tenure
Tenure Rank
Mar 15, 2019
3.21
3.2%
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).
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).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 20.42 | 7.16 | 10.42 |