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RRRBX Deutsche Real Estate Securities B

  • Fund
  • RRRBX
  • Price as of: Nov 07, 2016
  • $19.87
  • - $0.00
  • - 0.00%
  • Category
  • Real Estate

RRRBX - Profile

Vitals

  • YTD Return -7.5%
  • 3 Yr Annualized Return 7.4%
  • 5 Yr Annualized Return 9.2%
  • Net Assets $1.36 B
  • Holdings in Top 10 51.9%

52 WEEK LOW AND HIGH

$19.87
$19.72
$23.23

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.75%

SALES FEES

  • Front Load N/A
  • Deferred Load 4.00%

BROKERAGE FEES

  • Turnover 134.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

Closed to new investors as of 2010-03-01

STANDARD (TAXABLE)

$1,000

IRA

$500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return -7.5%
  • 3 Yr Annualized Total Return 6.6%
  • 5 Yr Annualized Total Return 8.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.58%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Deutsche Real Estate Securities Fund
  • Fund Family Name Deutsche Asset & Wealth Mngt
  • Inception Date Sep 05, 2002
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Joseph D. Fisher

Fund Description

The fund will invest at least 80% of its net assets, plus the amount of any borrowing for investment purposes (calculated at the time of any investment), in equity securities of real estate investment trusts (REITs) and real estate companies. It may also invest a portion of its assets in other types of securities. These securities may include short-term securities, bonds, notes, securities of companies not principally engaged in the real estate industry and other similar securities. The fund is non-diversified.

RRRBX - Performance

Return Ranking - Trailing

Period RRRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -7.5% -15.4% 9.7% 93.95% 5
1 Yr -7.0% -40.6% 34.3% 97.19% 5
3 Yr 7.4% * -8.0% 14.3% 89.50% 5
5 Yr 9.2% * 7.9% 15.2% 93.17% 5
10 Yr 5.5% * 0.1% 7.7% 10.61% 1

* Annualized


Return Ranking - Calendar

Period RRRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.0% -23.9% 2.4% 73.11% 4
2014 21.0% -3.3% 31.5% 57.08% 3
2013 -7.8% -23.2% 27.2% 69.42% 4
2012 11.7% 0.0% 40.4% 72.02% 4
2011 7.6% -12.6% 10.2% 30.54% 2

Total Return Ranking - Trailing

Period RRRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -7.5% -7.5% 9.9% 98.75% 5
1 Yr -10.3% -19.9% 90.7% 98.39% 5
3 Yr 6.6% * 1.2% 14.3% 91.78% 5
5 Yr 8.9% * 7.3% 15.2% 92.68% 5
10 Yr 5.5% * 0.1% 7.7% 9.50% 1

* Annualized


Total Return Ranking - Calendar

Period RRRBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 1.7% -13.5% 12.2% 69.23% 4
2014 39.3% 0.0% 82.5% 18.92% 1
2013 -1.7% -28.3% 28.4% 94.06% 5
2012 24.8% 0.0% 117.5% 38.62% 2
2011 13.1% -17.1% 11881.8% 28.40% 2

NAV & Total Return History

RRRBX - Holdings

Filings data as of: Dec 31, 2015

Concentration Analysis

RRRBX Category Low Category High RRRBX % Rank Quintile
Net Assets 1.36 B 3.39 M 58.6 B 10.28% 2
Number of Holdings 49 5 546 13.83% 3
Net Assets in Top 10 724 M 711 K 20.7 B 8.70% 2
Weighting of Top 10 51.9% 3.7% 172.8% 5.53% 1

Top 10 Holdings

  1. Simon Property Group Inc 10.78%
  2. Boston Properties Inc 3.93%
  3. Prologis Inc 3.76%
  4. Welltower Inc 6.35%
  5. Equity Residential 8.56%
  6. Vornado Realty Trust 4.85%
  7. Public Storage 3.25%
  8. Equinix Inc 4.62%
  9. Macerich Co 2.97%
  10. Essex Property Trust Inc 2.86%

Asset Allocation

Weighting Category Low Category High RRRBX % Rank Quintile
Stocks
99.76% 1.09% 100.05% 3.16% 1
Cash
0.24% -109.96% 74.22% 27.27% 4
Other
0.00% 0.00% 108.20% 17.00% 3
Convertible Bonds
0.00% 0.00% 5.31% 3.56% 2
Preferred Stocks
0.00% 0.00% 41.24% 6.72% 2
Bonds
0.00% 0.00% 103.96% 5.93% 2

Stock Sector Breakdown

Weighting Category Low Category High RRRBX % Rank Quintile
Real Estate
98.42% 0.00% 100.00% 4.35% 1
Consumer Cyclical
0.73% 0.00% 25.74% 15.81% 3
Communication Services
0.60% 0.00% 15.32% 13.04% 2
Financial Services
0.00% 0.00% 17.94% 4.35% 2
Healthcare
0.00% 0.00% 4.20% 5.93% 2
Industrials
0.00% -0.77% 11.94% 4.74% 1
Energy
0.00% 0.00% 38.67% 2.37% 1
Technology
0.00% 0.00% 5.45% 4.74% 2
Consumer Defense
0.00% 0.00% 0.89% 1.98% 1
Utilities
0.00% 0.00% 16.80% 1.98% 1
Basic Materials
0.00% 0.00% 33.61% 10.28% 2

Stock Geographic Breakdown

Weighting Category Low Category High RRRBX % Rank Quintile
US
99.76% 1.00% 100.05% 3.16% 1
Non US
0.00% 0.00% 51.51% 9.09% 2

RRRBX - Expenses

Operational Fees

RRRBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.75% 0.10% 11.43% 23.32% 4
Management Fee 0.39% 0.07% 1.31% 13.04% 1
12b-1 Fee 0.99% 0.00% 1.00% 1.16% 4
Administrative Fee 0.10% 0.01% 0.40% 7.86% 3

Sales Fees

RRRBX Fees (% of AUM) Category Low Category High RRRBX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load 4.00% 1.00% 5.00% 3.51% 4

Trading Fees

RRRBX Fees (% of AUM) Category Low Category High RRRBX Rank Quintile
Max Redemption Fee 2.00% 0.75% 2.00% 2.33% 4

Turnover 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.

RRRBX Fees (% of AUM) Category Low Category High RRRBX Rank Quintile
Turnover 134.00% 2.28% 880.00% 4.35% 5

RRRBX - Distributions

Dividend Yield Analysis

RRRBX Category Low Category High RRRBX % Rank Quintile
Dividend Yield 0.2% 0.00% 3.78% 61.51% 4

Dividend Distribution Analysis

RRRBX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

RRRBX Category Low Category High RRRBX % Rank Quintile
Net Income Ratio 0.58% -1.42% 10.00% 52.96% 5

Capital Gain Distribution Analysis

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

RRRBX - Managers

Joseph D. Fisher

Manager

Start Date

Aug 27, 2013

Tenure

2.43

Tenure Rank

25.2%

Joseph D. Fisher, CFA, Director. Portfolio Manager. Joined Deutsche Asset & Wealth Management in 2004; previously served in the Real Estate Equity Investment Management Group at Principal Real Estate Investors. Portfolio Manager and Analyst, Real Estate Securities: Chicago with over 10 years at investment industry experience. BBA, The University of Iowa; MBA, Kellogg School of Management, Northwestern University.


David W. Zonavetch

Manager

Start Date

Aug 27, 2013

Tenure

2.43

Tenure Rank

25.2%

David W. Zonavetch, CPA, Director. Portfolio Manager. Joined Deutsche Asset & Wealth Management in 1998; prior to his current role, served as Senior Accountant in Corporate Finance; previously, worked as an Analyst at Cendant Mobility. Portfolio Manager and Analyst, Real Estate Securities: Chicago with over 17 years of investment industry experience. BS, University of Illinois at Urbana–Champaign; Certified Public Accountant.


John F. Robertson

Manager

Start Date

Dec 01, 1999

Tenure

16.18

Tenure Rank

4.4%

Mr. Robertson is chief executive officer of the global real estate securities business and is a member of RREEF's Global Real Estate Executive Committee. Prior to joining RREEF in 1997, Mr. Robertson was an Assistant Vice President with Lincoln Investment Management, Inc., where he was responsible for REIT research for the Delaware Pooled Trust Real Estate Fund. Prior to that, he underwrote and managed commercial mortgage loans on office, industrial, retail, multifamily and hotel properties for Lincoln. He also worked as a consultant with Ernst & Young's Special Services Group, where he specialized in the valuation of all types of income-producing real estate. John holds a BA from Wabash College and an MBA from Indiana University. He is a CFA charterholder.


John W. Vojticek

Manager

Start Date

Sep 30, 2004

Tenure

11.34

Tenure Rank

8.4%

Chief Investment Officer of RREEF Real Estate Securities with over 15 years of investment industry experience. John joined the Company in September 2004 after 8 years of experience in the real estate securities area as a trader, analyst and portfolio manager. He previously worked as Principal at KG Redding and Associates, March 2004-September 2004 and Managing Director of RREEF from 1996-March 2004 and Deutsche Asset Management from 2002-March 2004. John holds a BS from University of Southern California.


Tenure Analysis

Category Low

0.2

Category High

22.9

Category Average

7.25

Category Mode

1.9