PJEBX: PGIM US Real Estate B

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PJEBX PGIM US Real Estate B


Profile

PJEBX - Profile

Vitals

  • YTD Return -16.8%
  • 3 Yr Annualized Return -1.9%
  • 5 Yr Annualized Return -3.7%
  • Net Assets $32 M
  • Holdings in Top 10 50.3%

52 WEEK LOW AND HIGH

$11.25
$8.28
$14.65

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.16%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 211.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jun 23, 2014
  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

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

Distributions

  • YTD Total Return -16.8%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return -3.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.52%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PGIM US Real Estate Fund
  • Fund Family Name
    PGIM Funds (Prudential)
  • Inception Date
    Dec 21, 2010
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Rick Romano

Fund Description

The fund normally invests at least 80% of its investable assets (net assets plus any borrowings made for investment purposes) in the equity-related securities of real estate companies operating in the United States, principally real estate investment trusts (REITs) and other real estate securities. It may invest up to 20% of its investable assets in other securities, including equity-related securities of foreign real estate companies. The fund may invest more than 5% of its total assets in any one issuer. It is non-diversified.


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Categories

Performance

PJEBX - Performance

Return Ranking - Trailing

Period PJEBX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.8% -36.4% 5.0% 56.23%
1 Yr -16.4% -54.6% 21.5% 40.91%
3 Yr -1.9%* -23.9% 9.6% 27.78%
5 Yr -3.7%* -23.4% 8.1% 53.54%
10 Yr N/A* -8.3% 6.4% N/A

* Annualized

Return Ranking - Calendar

Period PJEBX Return Category Return Low Category Return High Rank in Category (%)
2019 25.7% -22.7% 43.1% 12.06%
2018 -8.4% -44.0% 2.2% 35.80%
2017 -1.0% -16.4% 25.4% 64.55%
2016 -9.0% -28.0% 12.5% 88.94%
2015 -7.3% -19.4% 2.4% 70.53%

Total Return Ranking - Trailing

Period PJEBX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.8% -36.4% 5.0% 56.23%
1 Yr -16.4% -54.6% 21.5% 40.91%
3 Yr -1.9%* -23.2% 9.6% 44.87%
5 Yr -3.7%* -16.6% 8.1% 82.83%
10 Yr N/A* -4.3% 10.5% N/A

* Annualized

Total Return Ranking - Calendar

Period PJEBX Return Category Return Low Category Return High Rank in Category (%)
2019 25.7% -22.7% 43.1% 12.06%
2018 -8.4% -43.3% 2.2% 61.32%
2017 -1.0% -13.6% 31.4% 91.82%
2016 -9.0% -12.3% 12.5% 97.60%
2015 -7.3% -15.2% 7.7% 84.74%

NAV & Total Return History


Holdings

PJEBX - Holdings

Concentration Analysis

PJEBX Category Low Category High PJEBX % Rank
Net Assets 32 M 1.25 M 55.8 B 87.06%
Number of Holdings 48 21 632 39.13%
Net Assets in Top 10 15.8 M 621 K 27 B 87.68%
Weighting of Top 10 50.26% 11.0% 79.3% 53.76%

Top 10 Holdings

  1. Prologis Inc 9.45%
  2. Equinix Inc 8.78%
  3. Invitation Homes Inc 5.13%
  4. Welltower Inc 4.97%
  5. Americold Realty Trust 4.23%
  6. Essex Property Trust Inc 3.95%
  7. Equity Lifestyle Properties Inc 3.92%
  8. AvalonBay Communities Inc 3.55%
  9. Digital Realty Trust Inc 3.37%
  10. UDR Inc 2.92%

Asset Allocation

Weighting Return Low Return High PJEBX % Rank
Stocks
99.35% 2.17% 104.60% 28.62%
Cash
0.65% -169.14% 37.65% 63.04%
Preferred Stocks
0.00% 0.00% 47.56% 30.43%
Other
0.00% -0.92% 93.58% 35.51%
Convertible Bonds
0.00% 0.00% 6.83% 22.46%
Bonds
0.00% -3.82% 153.60% 26.81%

Stock Sector Breakdown

Weighting Return Low Return High PJEBX % Rank
Real Estate
100.00% 36.96% 100.00% 4.51%
Utilities
0.00% 0.00% 6.61% 18.05%
Technology
0.00% 0.00% 14.99% 23.68%
Industrials
0.00% 0.00% 9.95% 25.19%
Healthcare
0.00% 0.00% 0.33% 19.92%
Financial Services
0.00% 0.00% 37.05% 31.95%
Energy
0.00% 0.00% 1.84% 16.92%
Communication Services
0.00% 0.00% 3.29% 19.17%
Consumer Defense
0.00% 0.00% 0.24% 16.17%
Consumer Cyclical
0.00% 0.00% 34.25% 46.62%
Basic Materials
0.00% 0.00% 5.57% 17.29%

Stock Geographic Breakdown

Weighting Return Low Return High PJEBX % Rank
US
99.35% 2.17% 103.97% 24.64%
Non US
0.00% 0.00% 28.71% 36.96%

Expenses

PJEBX - Expenses

Operational Fees

PJEBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.16% 0.07% 19.12% 5.34%
Management Fee 0.75% 0.00% 1.67% 41.67%
12b-1 Fee 1.00% 0.00% 1.00% 79.17%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

PJEBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load 5.00% 1.00% 5.00% 2.78%

Trading Fees

PJEBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

PJEBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 211.00% 1.54% 257.00% 97.78%

Distributions

PJEBX - Distributions

Dividend Yield Analysis

PJEBX Category Low Category High PJEBX % Rank
Dividend Yield 0.00% 0.00% 7.58% 22.10%

Dividend Distribution Analysis

PJEBX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

PJEBX Category Low Category High PJEBX % Rank
Net Income Ratio 0.52% -0.10% 5.67% 94.83%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PJEBX - Fund Manager Analysis

Managers

Rick Romano


Start Date

Tenure

Tenure Rank

Dec 21, 2010

9.53

9.5%

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.

Daniel Cooney


Start Date

Tenure

Tenure Rank

Jun 11, 2018

2.05

2.1%

Daniel Cooney, CFA, is a Vice President and Portfolio Manager assisting in the investment management and operations of PGIM’s Global REIT securities portfolios focusing on US and Canadian 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 26.51 8.67 0.5