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Trending ETFs

PGIM Select Real Estate Fund

mutual fund
SREAX
Payout Change
Pending
Price as of:
$13.8 -0.01 -0.07%
primary theme
International Real Estate
SREAX (Mutual Fund)

PGIM Select Real Estate Fund

Payout Change
Pending
Price as of:
$13.8 -0.01 -0.07%
primary theme
International Real Estate
SREAX (Mutual Fund)

PGIM Select Real Estate Fund

Payout Change
Pending
Price as of:
$13.8 -0.01 -0.07%
primary theme
International Real Estate

Name

As of 12/06/2024

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

$13.80

$178 M

1.49%

$0.21

1.42%

Vitals

YTD Return

12.3%

1 yr return

18.9%

3 Yr Avg Return

-1.1%

5 Yr Avg Return

4.9%

Net Assets

$178 M

Holdings in Top 10

43.3%

52 WEEK LOW AND HIGH

$13.8
N/A
N/A

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 12/06/2024

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

$13.80

$178 M

1.49%

$0.21

1.42%

SREAX - Profile

Distributions

  • YTD Total Return 12.3%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    PGIM Select Real Estate Fund
  • Fund Family Name
    Prudential
  • Inception Date
    Aug 01, 2014
  • Shares Outstanding
    N/A
  • Share Class
    A
  • 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. 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 invests in approximately 30-50 securities in which the portfolio managers have a high level of conviction for seeking capital appreciation and/or income. Equity and equity-related securities include common stock, convertible securities, nonconvertible preferred stock, American Depositary Receipts (“ADRs”), warrants and other rights that can be exercised to obtain stock, investments in various types of business ventures and similar securities. The Fund may invest without limit in equity and equity-related securities of foreign real estate companies, including emerging markets.The Fund concentrates its investments in real estate securities, including REITs, which means that the Fund invests 25% or more of its total assets in real estate securities.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.
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SREAX - Performance

Return Ranking - Trailing

Period SREAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.3% -9.8% 21.2% 8.67%
1 Yr 18.9% -8.7% 32.3% 9.25%
3 Yr -1.1%* -17.3% 17.3% 9.58%
5 Yr 4.9%* -10.3% 15.0% 5.52%
10 Yr 6.7%* -2.8% 10.6% 3.48%

* Annualized

Return Ranking - Calendar

Period SREAX Return Category Return Low Category Return High Rank in Category (%)
2023 9.7% -16.8% 16.7% 19.19%
2022 -27.2% -39.5% 4.5% 35.93%
2021 22.9% -0.9% 30.7% 23.31%
2020 1.4% -19.7% 13.7% 7.36%
2019 26.4% 1.0% 26.5% 1.23%

Total Return Ranking - Trailing

Period SREAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.3% -9.8% 21.2% 8.67%
1 Yr 18.9% -8.7% 32.3% 9.25%
3 Yr -1.1%* -17.3% 17.3% 9.58%
5 Yr 4.9%* -10.3% 15.0% 5.52%
10 Yr 6.7%* -2.8% 10.6% 3.48%

* Annualized

Total Return Ranking - Calendar

Period SREAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.7% -14.6% 23.4% 11.05%
2022 -26.3% -39.5% 10.1% 56.89%
2021 28.4% 5.7% 101.8% 31.29%
2020 3.4% -17.8% 14.7% 7.98%
2019 36.8% 4.3% 37.2% 1.85%

NAV & Total Return History


SREAX - Holdings

Concentration Analysis

SREAX Category Low Category High SREAX % Rank
Net Assets 178 M 4.27 M 7.48 B 61.99%
Number of Holdings 49 5 691 89.08%
Net Assets in Top 10 84.9 M 2.13 M 4.55 B 59.20%
Weighting of Top 10 43.31% 20.1% 63.7% 31.79%

Top 10 Holdings

  1. Prologis Inc 7.50%
  2. Digital Realty Trust Inc 4.89%
  3. Welltower Inc 4.86%
  4. Equinix Inc 4.80%
  5. Iron Mountain Inc 4.30%
  6. Extra Space Storage Inc 4.19%
  7. Essential Properties Realty Trust Inc 3.64%
  8. Mitsui Fudosan Co Ltd 3.14%
  9. Brixmor Property Group Inc 3.13%
  10. Veris Residential Inc 2.86%

Asset Allocation

Weighting Return Low Return High SREAX % Rank
Stocks
99.59% 3.62% 126.54% 13.22%
Cash
0.85% 0.00% 11.23% 65.52%
Preferred Stocks
0.00% 0.00% 7.25% 34.48%
Other
0.00% -33.49% 101.32% 55.17%
Convertible Bonds
0.00% 0.00% 0.07% 28.90%
Bonds
0.00% 0.00% 22.09% 31.61%

Stock Sector Breakdown

Weighting Return Low Return High SREAX % Rank
Real Estate
98.25% 72.53% 100.00% 42.01%
Consumer Cyclical
1.75% 0.00% 13.03% 15.98%
Utilities
0.00% 0.00% 0.96% 30.77%
Technology
0.00% 0.00% 4.92% 56.21%
Industrials
0.00% 0.00% 4.91% 44.38%
Healthcare
0.00% 0.00% 1.54% 37.87%
Financial Services
0.00% 0.00% 9.53% 42.01%
Energy
0.00% 0.00% 0.11% 28.99%
Communication Services
0.00% 0.00% 10.08% 68.64%
Consumer Defense
0.00% 0.00% 0.18% 30.77%
Basic Materials
0.00% 0.00% 1.63% 33.73%

Stock Geographic Breakdown

Weighting Return Low Return High SREAX % Rank
US
63.71% 0.00% 102.76% 47.13%
Non US
35.88% 0.00% 99.07% 33.91%

SREAX - Expenses

Operational Fees

SREAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.42% 0.10% 36.96% 43.10%
Management Fee 0.80% 0.09% 1.50% 50.87%
12b-1 Fee 0.30% 0.00% 1.00% 51.32%
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% 50.00%
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% 98.81%

SREAX - Distributions

Dividend Yield Analysis

SREAX Category Low Category High SREAX % Rank
Dividend Yield 1.49% 0.00% 5.52% 29.31%

Dividend Distribution Analysis

SREAX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Quarterly Quarterly

Net Income Ratio Analysis

SREAX Category Low Category High SREAX % Rank
Net Income Ratio 0.74% -0.23% 3.84% 86.47%

Capital Gain Distribution Analysis

SREAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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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 7.12 10.42