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PAREX T. Rowe Price Real Estate Advisor

  • Fund
  • PAREX
  • Price as of: Sep 20, 2019
  • $30.12 - $0.07 - 0.23%

PAREX - Profile

Vitals

  • YTD Return 19.9%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return 4.4%
  • Net Assets $3.58 B
  • Holdings in Top 10 50.6%

52 WEEK LOW AND HIGH

$30.12
$24.13
$30.28

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.03%

SALES FEES

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

BROKERAGE FEES

  • Turnover 4.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 19.9%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 7.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.46%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name T. Rowe Price Real Estate Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Dec 31, 2004
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Nina P. Jones

Fund Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in the equity securities of real estate companies. It is likely to maintain a significant portion of assets in real estate investment trusts (REITs). REITs pool money to invest in properties (equity REITs) or mortgages (mortgage REITs). The fund generally invests in equity REITs. It is non-diversified.

PAREX - Performance

Return Ranking - Trailing

Period PAREX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.9% -0.9% 40.7% 82.49%
1 Yr 4.1% -28.7% 17.5% 75.30%
3 Yr -0.2%* -16.0% 10.8% 49.31%
5 Yr 4.4%* -9.9% 9.1% 22.04%
10 Yr 8.1%* -1.5% 9.4% 17.24%

* Annualized


Return Ranking - Calendar

Period PAREX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.6% -44.0% 2.2% 75.72%
2017 0.8% -16.4% 25.4% 47.30%
2016 3.8% -28.0% 12.5% 11.96%
2015 2.4% -19.4% 2.4% 0.52%
2014 26.6% -3.3% 31.5% 24.85%

Total Return Ranking - Trailing

Period PAREX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.9% -0.9% 40.7% 82.49%
1 Yr 8.1% -27.7% 20.5% 73.71%
3 Yr 2.9%* -15.5% 10.8% 64.52%
5 Yr 7.3%* -8.6% 11.0% 46.24%
10 Yr 10.7%* -1.5% 13.0% 43.10%

* Annualized


Total Return Ranking - Calendar

Period PAREX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.3% -43.3% 3.3% 67.90%
2017 4.1% -13.6% 31.4% 54.95%
2016 5.8% -12.3% 12.5% 33.01%
2015 4.6% -15.2% 7.7% 10.47%
2014 29.4% -3.3% 32.5% 36.97%

NAV & Total Return History

PAREX - Holdings

Concentration Analysis

PAREX Category Low Category High PAREX % Rank
Net Assets 3.58 B 1.54 M 67.9 B 15.57%
Number of Holdings 40 17 757 76.05%
Net Assets in Top 10 1.97 B 787 K 29.1 B 11.79%
Weighting of Top 10 50.60% 11.4% 159.1% 27.38%

Top 10 Holdings

  1. Prologis Inc 8.59%

  2. AvalonBay Communities Inc 6.37%

  3. Public Storage 5.96%

  4. Equity Residential 5.60%

  5. Camden Property Trust 5.05%

  6. Essex Property Trust Inc 4.76%

  7. Simon Property Group Inc 3.86%

  8. Alexandria Real Estate Equities Inc 3.76%

  9. Douglas Emmett Inc 3.42%

  10. Healthcare Realty Trust Inc 3.24%


Asset Allocation

Weighting Return Low Return High PAREX % Rank
Stocks
97.66% 0.00% 118.44% 74.52%
Cash
2.34% -95.08% 16.50% 19.77%
Preferred Stocks
0.00% 0.00% 50.24% 76.05%
Other
0.00% -1.02% 95.39% 76.43%
Convertible Bonds
0.00% 0.00% 6.10% 73.00%
Bonds
0.00% 0.00% 86.36% 73.76%

Stock Sector Breakdown

Weighting Return Low Return High PAREX % Rank
Real Estate
95.92% 2.00% 99.92% 47.06%
Consumer Cyclical
1.39% -1.23% 30.36% 19.22%
Basic Materials
0.35% -0.01% 11.72% 7.84%
Utilities
0.00% 0.00% 5.96% 74.12%
Technology
0.00% 0.00% 17.81% 84.31%
Industrials
0.00% 0.00% 8.32% 76.08%
Healthcare
0.00% 0.00% 4.40% 74.51%
Financial Services
0.00% 0.00% 6.14% 75.29%
Energy
0.00% 0.00% 4.06% 73.73%
Communication Services
0.00% 0.00% 9.46% 86.67%
Consumer Defense
0.00% 0.00% 0.24% 73.33%

Stock Geographic Breakdown

Weighting Return Low Return High PAREX % Rank
US
97.66% 0.00% 118.44% 71.10%
Non US
0.00% 0.00% 21.30% 79.85%

PAREX - Expenses

Operational Fees

PAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.00% 135.20% 70.08%
Management Fee 0.59% 0.00% 1.50% 22.26%
12b-1 Fee 0.25% 0.00% 1.00% 50.68%
Administrative Fee 0.15% 0.00% 0.47% 81.38%

Sales Fees

PAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.75% 2.00% 66.67%

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.

PAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4.00% 3.00% 877.00% 1.56%

PAREX - Distributions

Dividend Yield Analysis

PAREX Category Low Category High PAREX % Rank
Dividend Yield 1.13% 0.00% 3.89% 35.47%

Dividend Distribution Analysis

PAREX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

PAREX Category Low Category High PAREX % Rank
Net Income Ratio 1.46% -0.10% 5.36% 69.26%

Capital Gain Distribution Analysis

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

PAREX - Managers

Nina P. Jones

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2019

0.66

0.7%

Nina Jones is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. She is a portfolio manager and analyst in the Equity Division. She is president of the Global Real Estate Fund and chairman of the fund's Investment Advisory Committee. Nina is a vice president and Investment Advisory Committee member of the Real Estate, Equity Income, Growth & Income, Financial Services, Small-Cap Value, Mid-Cap Value, Real Assets, and Capital Appreciation Funds. She is also an Investment Advisory Committee member of the Institutional Large-Cap Value Fund. Nina joined the firm in 2008 after serving as a summer intern in 2007, following payroll processor companies in the business services sector. Prior to joining the firm, Nina was a senior associate in audit and risk advisory for KPMG LLP. She holds dual B.S. degrees in accounting and finance from the University of Maryland, magna cum laude, and earned an M.B.A. from Columbia Business School, graduating with honors. Nina is also a certified public accountant.


Tenure Analysis

Category Low

0.0

Category High

25.67

Category Average

7.93

Category Mode

13.67