PGIM Global Real Estate R6
- PGRQX
- Price as of: Mar 05, 2021
-
$23.28
N/A N/A
- Primary Theme
- International Real Estate
- Fund Company
- Prudential
- Share Class
PGRQX - Snapshot
Vitals
- YTD Return 3.2%
- 3 Yr Annualized Return 8.4%
- 5 Yr Annualized Return 7.0%
- Net Assets $1.27 B
- Holdings in Top 10 27.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.80%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 158.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
International Real Estate
- Fund Type Open End Mutual Fund
- Investment Style Global Real Estate
PGRQX - Profile
Distributions
- YTD Total Return 3.2%
- 3 Yr Annualized Total Return 8.4%
- 5 Yr Annualized Total Return 7.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.01%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePGIM Global Real Estate Fund
-
Fund Family NamePGIM Funds (Prudential)
-
Inception DateAug 23, 2013
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRick Romano
Fund Description
The fund normally invests at least 80% of its investable assets (net assets plus any borrowings made for investment purposes) in equity-related securities of real estate companies, principally real estate investment trusts (REITs), and other real estate securities. Equity-related securities may also 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.
PGRQX - Performance
Return Ranking - Trailing
Period | PGRQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.2% | -3.5% | 7.6% | 21.23% |
1 Yr | 5.2% | -7.9% | 23.6% | 38.86% |
3 Yr | 8.4%* | -1.7% | 14.7% | 23.38% |
5 Yr | 7.0%* | 1.5% | 11.6% | 40.72% |
10 Yr | 6.2%* | 0.7% | 8.7% | 39.73% |
* Annualized
Return Ranking - Calendar
Period | PGRQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -6.2% | -23.1% | 13.7% | 46.19% |
2019 | 9.6% | 1.0% | 26.5% | 82.21% |
2018 | -9.0% | -27.7% | 73.0% | 48.92% |
2017 | 6.2% | -6.3% | 29.0% | 67.61% |
2016 | -3.6% | -31.0% | 42.6% | 61.21% |
Total Return Ranking - Trailing
Period | PGRQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.2% | -3.5% | 7.6% | 21.23% |
1 Yr | 5.2% | -12.0% | 23.6% | 33.33% |
3 Yr | 8.4%* | -1.7% | 14.7% | 19.90% |
5 Yr | 7.0%* | 1.2% | 11.6% | 38.66% |
10 Yr | 6.2%* | 0.1% | 8.7% | 36.99% |
* Annualized
Total Return Ranking - Calendar
Period | PGRQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -6.2% | -23.1% | 13.7% | 46.19% |
2019 | 9.6% | 1.0% | 26.5% | 82.21% |
2018 | -9.0% | -27.7% | 76.6% | 64.52% |
2017 | 6.2% | 1.3% | 29.0% | 88.07% |
2016 | -3.6% | -27.8% | 49.1% | 89.70% |
NAV & Total Return History
PGRQX - Holdings
Concentration Analysis
PGRQX | Category Low | Category High | PGRQX % Rank | |
---|---|---|---|---|
Net Assets | 1.27 B | 3.01 M | 8.54 B | 18.27% |
Number of Holdings | 97 | 1 | 679 | 36.62% |
Net Assets in Top 10 | 333 M | 952 K | 5.53 B | 20.19% |
Weighting of Top 10 | 27.24% | 16.8% | 100.0% | 69.95% |
Top 10 Holdings
- Prologis Inc 4.79%
- Vonovia SE 3.76%
- Vonovia SE 3.76%
- Vonovia SE 3.76%
- Vonovia SE 3.76%
- Vonovia SE 3.76%
- Vonovia SE 3.76%
- Vonovia SE 3.76%
- Vonovia SE 3.76%
- Vonovia SE 3.76%
Asset Allocation
Weighting | Return Low | Return High | PGRQX % Rank | |
---|---|---|---|---|
Stocks | 100.01% | 13.60% | 116.11% | 7.98% |
Preferred Stocks | 0.00% | 0.00% | 20.46% | 67.61% |
Other | 0.00% | -30.57% | 78.71% | 82.16% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 65.73% |
Cash | 0.00% | -0.39% | 10.06% | 92.49% |
Bonds | 0.00% | -15.73% | 3.22% | 67.14% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PGRQX % Rank | |
---|---|---|---|---|
Real Estate | 97.17% | 68.93% | 100.00% | 60.77% |
Technology | 0.98% | 0.00% | 10.26% | 28.23% |
Communication Services | 0.95% | 0.00% | 3.39% | 26.32% |
Consumer Cyclical | 0.90% | 0.00% | 18.02% | 49.76% |
Utilities | 0.00% | 0.00% | 2.24% | 67.46% |
Industrials | 0.00% | 0.00% | 3.48% | 71.77% |
Healthcare | 0.00% | 0.00% | 1.34% | 69.38% |
Financial Services | 0.00% | 0.00% | 9.58% | 73.21% |
Energy | 0.00% | 0.00% | 0.05% | 66.51% |
Consumer Defense | 0.00% | 0.00% | 0.15% | 67.46% |
Basic Materials | 0.00% | 0.00% | 0.82% | 69.38% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PGRQX % Rank | |
---|---|---|---|---|
US | 53.62% | 0.00% | 94.69% | 34.74% |
Non US | 46.39% | 0.00% | 99.80% | 45.54% |
PGRQX - Expenses
Operational Fees
PGRQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.80% | 0.11% | 26.91% | 89.86% |
Management Fee | 0.75% | 0.09% | 1.50% | 40.57% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.26% | N/A |
Sales Fees
PGRQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
PGRQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
PGRQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 158.00% | 0.00% | 313.00% | 93.81% |
PGRQX - Distributions
Dividend Yield Analysis
PGRQX | Category Low | Category High | PGRQX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.30% | 68.08% |
Dividend Distribution Analysis
PGRQX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
PGRQX | Category Low | Category High | PGRQX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.01% | 0.23% | 6.44% | 22.86% |
Capital Gain Distribution Analysis
PGRQX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Oct 19, 2018 | $0.095 |
Jul 20, 2018 | $0.192 |
Apr 13, 2018 | $0.126 |
Dec 19, 2017 | $0.221 |
Oct 20, 2017 | $0.101 |
Jul 14, 2017 | $0.174 |
Apr 17, 2017 | $0.026 |
Jan 20, 2017 | $0.006 |
Oct 21, 2016 | $0.116 |
Jul 22, 2016 | $0.149 |
Apr 15, 2016 | $0.171 |
Oct 16, 2015 | $0.083 |
Jul 17, 2015 | $0.092 |
Mar 20, 2015 | $0.025 |
Dec 19, 2014 | $0.183 |
Sep 19, 2014 | $0.158 |
Jun 20, 2014 | $0.048 |
Dec 20, 2013 | $0.090 |
PGRQX - Fund Manager Analysis
Managers
Rick Romano
Start Date
Tenure
Tenure Rank
Jan 31, 2007
14.09
14.1%
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
Jun 10, 2013
7.73
7.7%
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.
Kwok Cheong
Start Date
Tenure
Tenure Rank
May 29, 2015
5.76
5.8%
Kwok Wing Cheong, CFA, is an Executive Director and Portfolio Manager for PGIM Real Estate and is responsible for the management of the group's public securities investments in Asia. He has spent more than 20 years in the industry as a portfolio manager and equity analyst. Prior to joining Prudential, Mr. Cheong was with HSBC Global Asset Management where he was responsible for their Singapore and Thailand dedicated country fund and was part of the team overseeing the HSBC Asia Ex-Japan mandate. Between 1991 and 2005, Mr. Cheong was an equity analyst at UBS Securities, Merrill Lynch and OUB Securities. He holds a Bachelor of Business (Accounting) from Curtin University (Australia), is a CFA charterholder and a Certified Practicing Accountant (CPA).
Daniel Cooney
Start Date
Tenure
Tenure Rank
Jun 11, 2018
2.72
2.7%
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.
Alvin Chan
Start Date
Tenure
Tenure Rank
May 15, 2020
0.79
0.8%
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).
Samit Parikh
Start Date
Tenure
Tenure Rank
Dec 15, 2020
0.21
0.2%
Samit Parikh is a vice president and portfolio manager at PGIM Real Estate. Mr. Parikh joined PGIM Real Estate in 2015 from Schonfeld Strategic Advisors, a family office investment firm, where he worked on real estate focused long - short value products. Prior to Schonfeld, he was at the ISI Group where he worked as a REIT analyst and was part of the Institutional Investor Magazine #1 ranked All-American REIT research team. Mr. Parikh has 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).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 19.17 | 7.37 | 13.42 |