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Morningstar

Neuberger Berman Real Estate R3 NRERX

Morningstar Medalist Rating
Medalist Rating as of | See Neuberger Berman Investment Hub
  • NAV / 1-Day Return 11.75  /  3.05 %
  • Total Assets 774.5 Mil
  • Adj. Expense Ratio
    1.460%
  • Expense Ratio 1.460%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Medium
  • Category Real Estate
  • Investment Style Mid Blend
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 1.59%
  • Turnover 37%

USD | NAV as of Sep 21, 2023 | 1-Day Return as of Sep 21, 2023, 10:29 PM GMT+0

Morningstar’s Analysis NRERX

Will NRERX outperform in 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 NRERX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the NRERX 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 NRERX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This fund has hit some speed bumps recently, but there's no reason to panic.

Senior Analyst David Kathman

David Kathman

Senior Analyst

Summary

Despite some recent bumps in the road, Neuberger Berman Real Estate remains a solid, steady fund for U.S. real estate exposure. It maintains Above Average ratings for both People and Process.

by David Kathman
Rated on Published on

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Portfolio Holdings NRERX

More NRERX Holdings
  • Current Portfolio Date
  • Equity Holdings 32
  • Bond Holdings 0
  • Other Holdings 1
  • % Assets in Top 10 Holdings 54.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

American Tower Corp

8.84
69,887,256
Real Estate

Prologis Inc

8.21
64,918,843
Real Estate

Public Storage

6.57
51,963,033
Real Estate

Realty Income Corp

5.13
40,547,350
Real Estate

Crown Castle Inc

5.13
40,511,751
Real Estate

Equinix Inc

4.67
36,902,233
Real Estate

VICI Properties Inc Ordinary Shares

4.07
32,203,806
Real Estate

Welltower Inc

4.00
31,586,811
Real Estate

Iron Mountain Inc

3.91
30,879,296
Real Estate

Simon Property Group Inc

3.76
29,749,701
Real Estate