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PGIM Global Real Estate R (PURRX)

17.89 +0.06 (+0.34%)
At close: April 26 at 8:00 PM EDT

Fund Summary

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.

PGIM Global Real Estate R

NEWARK DE 07102-4077
GATEWAY CENTER 3, 4TH FL
973-802-6469

Fund Overview

Category Global Real Estate
Fund Family PGIM Investments
Net Assets 1.03B
YTD Return 0.79%
Yield 1.72%
Morningstar Rating
Inception Date May 05, 1998

Fund Operations

Last Dividend 0.09
Last Cap Gain -13.00
Holdings Turnover 89.00%
Average for Category --

Fees & Expenses

Expense PURRX Category Average
Annual Report Expense Ratio (net) 2.18% 1.21%
Prospectus Net Expense Ratio 2.18% --
Prospectus Gross Expense Ratio 2.18% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.20%
Max Deferred Sales Load -- 1.24%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

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.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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