Morningstar

Neuberger Real Estate Fund R6 Class NRREX

Morningstar Medalist Rating
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Medalist Rating as of See Neuberger Investment Hub
  • NAV / 1-Day Return $14.31  /  +1.92 %
  • Fund Size $512.1M
  • Adjusted Expense Ratio 0.750%
  • Net Expense Ratio 0.750%
  • Fee Level: Distribution Below Average
  • Share Class Type Retirement, Large
  • Morningstar Category Real Estate
  • Equity Style Box (Funds) Mid Blend
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 2.06%
  • Turnover Ratio 57%
NAV and 1-Day Return as of

Morningstar’s Analysis NRREX

Will NRREX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NRREX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NRREX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NRREX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Shifting trends in the real estate industry demand more hands-on deck.

Analyst Vedran Beogradlija

Vedran Beogradlija

Analyst

Summary

A lean but experienced trio of portfolio managers shepherds Neuberger Berman Real Estate. Recent changes in the real estate industry have demanded a more hands-on approach, and the team has struggled to keep up with peers. This warrants an Average People rating, down from Above Average.

by Vedran Beogradlija
Rated on Published on

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Portfolio Holdings NRREX

More NRREX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 58.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Welltower Inc

12.25 68M
Real Estate

Prologis Inc

9.31 52M
Real Estate

Equinix Inc

7.87 44M
Real Estate

American Tower Corp

6.48 36M
Real Estate

Simon Property Group Inc

5.18 29M
Real Estate

Digital Realty Trust Inc

4.59 26M
Real Estate

Vivmark Residential

4.03 22M
Real Estate

SBA Communications Corp Class A

2.96 16M
Real Estate

EastGroup Properties Inc

2.83 16M
Real Estate

Extra Space Storage Inc

2.82 16M
Real Estate

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