NBRIX – Neuberger Real Estate I Investment Strategy | Morningstar

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Strategy

The investment seeks total return through investment in real estate securities, emphasizing both capital appreciation and current income. The fund normally invests at least 80% of its net assets in equity securities issued by real estate investment trusts ("REITs") and common stocks and other securities issued by other real estate companies. The manager defines a real estate company as one that derives at least 50% of its revenue from, or has at least 50% of its assets in, real estate. The fund may invest up to 20% of its net assets in debt securities of real estate companies. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
NBRFX	Neuberger Real Estate Fund Trust Class	No Load	Limited			May 1, 2002	$54.86M	1.400%	Above Average	$1,000	−$14.29M
NREEX	Neuberger Real Estate Fund E Shares Class	No Load	Open			Jan 11, 2022	$16.83M	0.080%	Low	$0	−$844,777.86
NBRIX	Neuberger Real Estate Fund I Class	Institutional	Open			Jun 4, 2008	$298.39M	0.850%	Average	$1M	−$94.58M
NREAX	Neuberger Real Estate Fund A Class	Front Load	Open			Jun 21, 2010	$41.28M	1.210%	Average	$1,000	−$10.51M
NRECX	Neuberger Real Estate Fund C Class	Level Load	Open			Jun 21, 2010	$3.82M	1.960%	Average	$1,000	−$1.68M
NRREX	Neuberger Real Estate Fund R6 Class	Retirement, Large	Open			Mar 15, 2013	$76.83M	0.750%	Below Average	$0	−$74.66M
NRERX	Neuberger Real Estate Fund R3 Class	Retirement, Medium	Open			Jun 21, 2010	$10.35M	1.460%	Above Average	$0	−$1.54M

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