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RRRRX Deutsche Real Estate Securities Instl

  • Fund
  • RRRRX
  • Price as of: May 25, 2017
  • $20.48
  • - $0.00
  • - 0.00%
  • Category
  • Real Estate

RRRRX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return 8.7%
  • 5 Yr Annualized Return 8.7%
  • Net Assets $1.4 B
  • Holdings in Top 10 44.1%

52 WEEK LOW AND HIGH

$20.48
$19.59
$24.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.63%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 153.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 8.7%
  • 5 Yr Annualized Total Return 8.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.27%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Deutsche Real Estate Securities Fund
  • Fund Family Name Deutsche Asset Management
  • Inception Date Dec 01, 1999
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager David W. Zonavetch

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.

RRRRX - Performance

Return Ranking - Trailing

Period RRRRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -15.4% 14.5% 36.69% 2
1 Yr 5.2% -40.6% 34.3% 40.56% 3
3 Yr 8.7% * -8.0% 14.3% 23.14% 2
5 Yr 8.7% * 5.4% 13.5% 25.85% 2
10 Yr 4.7% * 0.7% 7.9% 29.83% 2

* Annualized


Return Ranking - Calendar

Period RRRRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -5.2% -23.9% 8.6% 61.76% 4
2015 -10.3% -21.2% 21.0% 76.17% 5
2014 20.8% -7.8% 31.5% 60.99% 4
2013 -7.9% -23.2% 27.2% 70.79% 4
2012 11.7% 0.0% 40.4% 72.02% 4

Total Return Ranking - Trailing

Period RRRRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -7.5% 14.5% 37.50% 2
1 Yr 5.2% -19.9% 90.7% 32.93% 2
3 Yr 8.7% * 1.2% 14.3% 20.96% 2
5 Yr 8.7% * 5.4% 13.5% 24.39% 2
10 Yr 4.7% * 0.7% 7.9% 28.18% 2

* Annualized


Total Return Ranking - Calendar

Period RRRRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -3.4% -16.3% 9.4% 69.23% 4
2015 3.0% -13.5% 40.1% 49.78% 3
2014 43.8% -1.7% 82.5% 5.94% 1
2013 0.0% -28.3% 28.4% 83.84% 5
2012 30.7% 0.0% 117.5% 14.81% 1

NAV & Total Return History

RRRRX - Holdings

Filings data as of: Feb 28, 2017

Concentration Analysis

RRRRX Category Low Category High RRRRX % Rank Quintile
Net Assets 1.4 B 3.39 M 62.9 B 8.30% 2
Number of Holdings 47 5 563 13.83% 4
Net Assets in Top 10 652 M 711 K 21.2 B 9.09% 2
Weighting of Top 10 44.1% 3.7% 155.1% 16.60% 3

Top 10 Holdings

  1. Simon Property Group Inc 5.94%
  2. Public Storage 4.61%
  3. Prologis Inc 5.14%
  4. Vornado Realty Trust 4.95%
  5. Welltower Inc 4.58%
  6. GGP Inc 4.13%
  7. Alexandria Real Estate Equities Inc 3.89%
  8. Essex Property Trust Inc 4.09%
  9. Apartment Investment & Management Co 3.12%
  10. HCP Inc 3.62%

Asset Allocation

Weighting Category Low Category High RRRRX % Rank Quintile
Stocks
100.00% 1.09% 100.58% 1.19% 1
Preferred Stocks
0.00% 0.00% 49.75% 5.93% 2
Other
0.00% -0.09% 108.20% 11.86% 3
Convertible Bonds
0.00% 0.00% 4.80% 1.98% 1
Cash
0.00% -109.96% 74.22% 26.48% 4
Bonds
0.00% -0.27% 100.66% 4.35% 2

Stock Sector Breakdown

Weighting Category Low Category High RRRRX % Rank Quintile
Real Estate
100.00% 0.00% 100.00% 0.40% 1
Utilities
0.00% 0.00% 16.80% 1.98% 1
Technology
0.00% 0.00% 8.04% 5.14% 2
Industrials
0.00% -0.44% 11.94% 3.95% 1
Healthcare
0.00% 0.00% 4.79% 6.72% 2
Financial Services
0.00% 0.00% 22.95% 3.95% 1
Energy
0.00% 0.00% 38.67% 1.98% 1
Communication Services
0.00% 0.00% 10.75% 14.62% 4
Consumer Defense
0.00% 0.00% 0.89% 1.58% 1
Consumer Cyclical
0.00% -0.68% 35.78% 21.74% 4
Basic Materials
0.00% 0.00% 34.03% 9.88% 2

Stock Geographic Breakdown

Weighting Category Low Category High RRRRX % Rank Quintile
US
100.00% 1.00% 100.58% 1.19% 1
Non US
0.00% 0.00% 50.23% 9.49% 2

RRRRX - Expenses

Operational Fees

RRRRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.63% 0.10% 11.43% 54.94% 1
Management Fee 0.39% 0.07% 1.20% 13.04% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.10% 0.01% 0.40% 7.69% 3

Sales Fees

RRRRX Fees (% of AUM) Category Low Category High RRRRX Rank Quintile
Front Load N/A 2.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

RRRRX Fees (% of AUM) Category Low Category High RRRRX Rank Quintile
Max Redemption Fee 2.00% 0.75% 2.00% 2.33% 3

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.

RRRRX Fees (% of AUM) Category Low Category High RRRRX Rank Quintile
Turnover 153.00% 3.00% 880.00% 2.37% 5

RRRRX - Distributions

Dividend Yield Analysis

RRRRX Category Low Category High RRRRX % Rank Quintile
Dividend Yield 0.4% 0.00% 3.78% 18.41% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

RRRRX Category Low Category High RRRRX % Rank Quintile
Net Income Ratio 2.27% -0.81% 5.13% 13.04% 1

Capital Gain Distribution Analysis

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

RRRRX - Managers

David W. Zonavetch

Manager

Start Date

Aug 27, 2013

Tenure

3.68

Tenure Rank

16.2%

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 W. Vojticek

Manager

Start Date

Sep 30, 2004

Tenure

12.59

Tenure Rank

4.9%

Mr. Vojticek has served as a Managing Director and Chief Investment Officer of Real Estate & Infrastructure Securities and Global Portfolio Manager for Deutsche AM since July 2011 and was Co-Head of Americas Real Estate Securities from 2006 to July 2011. Mr. Vojticek was responsible for launching the firm’s first listed infrastructure securities strategy in June 2008 and served as Head of the Listed Infrastructure Securities business from June 2008 until his appointment as Chief Information Officer in July 2011. Mr. Vojticek is an associate member of the National Association of Real Estate Investment Trusts. Mr. Vojticek holds a B.S. in Business Administration from the University of Southern California.


Robert Thomas

Manager

Start Date

Jan 03, 2017

Tenure

0.32

Tenure Rank

22.6%

Robert Thomas is Managing Director and Portfolio Manager. Joined Deutsche Asset Management in 2017. Previously served as the Head of North American Property Equities and Portfolio Manager at Henderson Global Investors. Previously was Co-Head of North American Listed Real Estate at AMP Capital Investors. Investment industry experience began in 2002. Holds a BA in Economics from Duke University and MBA in Finance / Management and Strategy from Kellogg School of Management, Northwestern University.


Tenure Analysis

Category Low

0.0

Category High

23.3

Category Average

7.49

Category Mode

2.3