Neuberger Berman Real Estate R6 (NRREX)
12.05
+0.22
(+1.86%)
USD |
Mar 24 2023
Key Stats
| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 0.75% | 859.70M | 2.54% | 37.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| -130.58M | -21.31% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks total return through investment in real estate securities, emphasizing both capital appreciation and current income. 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. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | NBRFX |
| Equity Style | Mid Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Sector Equity |
| Broad Category | Equity |
| Category Name | Real Estate |
| Category Index | S&P United States REIT TR USD |
| Global Category Name | Real Estate Sector Equity |
| YCharts Categorization | Real Estate Equity |
| YCharts Benchmark | S&P 1500 Real Estate (Sector) Total Return (^SP15RESTR) |
| Prospectus Objective | Specialty - Real Estate |
| Fund Owner Firm Name | Neuberger Berman |
| Prospectus Benchmark Index | |
| FTSE Nareit All Equity REITs TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSWNTR | 100.0% |
| Manager Tenure | |
| Steve Shigekawa | 17.18 yrs |
| Brian Jones | 14.36 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
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Category Low
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Category High
1 Year
% Rank:
73
-130.58M
-4.468B
Category Low
731.58M
Category High
3 Months
% Rank:
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Category Low
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Category High
3 Years
% Rank:
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Category High
6 Months
% Rank:
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Category Low
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Category High
5 Years
% Rank:
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Category Low
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Category High
YTD
% Rank:
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Category Low
--
Category High
10 Years
% Rank:
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Category Low
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As of February 28, 2023
Risk
Performance Versus Category
As of March 24, 2023. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 24, 2023.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| American Tower Corp | 8.17% | 199.62 | 4.17% |
| Prologis Inc | 8.02% | 117.03 | 2.52% |
| Public Storage | 6.95% | 286.60 | 1.54% |
| Crown Castle Inc | 6.06% | 129.46 | 4.61% |
| Realty Income Corp | 5.00% | 61.04 | 2.99% |
| Welltower Inc | 4.49% | 67.48 | 2.62% |
| Digital Realty Trust Inc | 3.63% | 94.37 | 0.92% |
| Iron Mountain Inc | 3.31% | 50.45 | 1.84% |
| Essex Property Trust Inc | 3.07% | 200.77 | 2.34% |
| VICI Properties Inc Ordinary Shares | 3.07% | 31.06 | 3.33% |
Basic Info
| Investment Strategy | |
| The investment seeks total return through investment in real estate securities, emphasizing both capital appreciation and current income. 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. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | NBRFX |
| Equity Style | Mid Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Sector Equity |
| Broad Category | Equity |
| Category Name | Real Estate |
| Category Index | S&P United States REIT TR USD |
| Global Category Name | Real Estate Sector Equity |
| YCharts Categorization | Real Estate Equity |
| YCharts Benchmark | S&P 1500 Real Estate (Sector) Total Return (^SP15RESTR) |
| Prospectus Objective | Specialty - Real Estate |
| Fund Owner Firm Name | Neuberger Berman |
| Prospectus Benchmark Index | |
| FTSE Nareit All Equity REITs TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSWNTR | 100.0% |
| Manager Tenure | |
| Steve Shigekawa | 17.18 yrs |
| Brian Jones | 14.36 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (3-24-23) | 2.54% |
| 30-Day SEC Yield (2-28-23) | Upgrade |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 26.42 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of February 28, 2023
Fund Details
| Key Dates | |
| Inception Date | 3/15/2013 |
| Last Annual Report Date | 8/31/2022 |
| Last Prospectus Date | 12/19/2022 |
| Share Classes | |
| NBRFX | Other |
| NBRIX | Inst |
| NREAX | A |
| NRECX | C |
| NREEX | Other |
| NRERX | Retirement |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |