A PGIM Global Real Estate Fund is an open-end mutual fund registered in the US that seeks long-term capital appreciation through investments in equity-related securities of real estate companies worldwide. Its investment manager employs a value-orientated strategy when selecting investments, including assessments of fundamental real estate asset valuation and management team assessments; additionally, this Fund evaluates quality and sustainability of company dividends.
Before investing, investors should carefully evaluate the investment objectives, risks, charges and expenses of a Fund’s prospectus as this information can provide essential details on these topics. Get a Prospectus by calling 1-800-988-8628 or visiting PGIM’s Investor Center online: https://pgim.com/investors Investing involves risks including possible loss of principal. The Fund may also be subject to market and economic risks. The Fund’s return and yield may fluctuate considerably depending on its underlying assets’ performance. Real estate investments tend to fluctuate with economic conditions, interest rates, property taxes and other local factors that impact them; furthermore, its portfolio composition may shift at any time due to active management by its managers.
PGIM, a registered investment advisor, provides advisory and asset management services to clients worldwide. As one of the world’s premier real estate investment managers with more than $210 billion under management, their dedicated teams across multiple global regions offer extensive expertise and access to opportunities in both public and private markets.
PGIM Real Estate’s $4.8 trillion global data center sector investment team provides investors with an established platform and strong balance sheet, making the sector ideal for low latency hyperscale infrastructure investment with strong current income, liquidity and diversification benefits. Never has investing been so appealing!
The Fund has invested in some of the world’s premier real estate companies, covering a diverse selection of properties and geographies. Their managers boast strong track records when it comes to generating long-term, sustainable returns for investors.
We believe Japan and Australia’s structural supply-demand imbalance creates compelling long-term value, while differentiated resurgences in office, retail and hotel demand in Asia offer tactical opportunities. To take full advantage of them, the Fund follows a core-plus strategy with an appropriate mix of asset classes and geographies.
The Fund has an average total asset amount of $352 million, higher than the $186 million average for Global Real Estate category funds. Higher asset levels can result in greater expenses and reduced aftertax returns; its trailing dividend yield of 2.67% exceeds 2.45% category average yield yield; furthermore it boasts a portfolio turnover rate of 95% which is lower than 78% category norm allowing reduced operating costs and better post-tax returns.