PGIM Global Select Real Estate Securities Fund
)
The PGIM Global Select Real Estate Securities Fund (the “Fund”) aims to provide long term capital appreciation. The Fund seeks to achieve its objective through investments in equity and equity related securities of real estate companies located throughout the world. The Investment Manager takes a value-oriented approach to investing, based upon assessments of the fundamental value of real estate assets and of the performance and record of management teams of real estate companies. They also analyse the quality of real estate asset cash flows and sustainability and growth of company dividends. The Fund incorporates environmental, social and governance factors into its investment process and promotes certain sustainability characteristics. PGIM Real Estate has determined that the Fund qualifies as a Light Green Fund, which is a fund that seeks to comply with the principles of Article 8 of the SFDR. Please see the Company’s Fund Documents as defined below for additional information.
Fund Facts
FUND CHARACTERISTICS
| Number of Holdings | 52 |
| Dividend Yield (%) | 3.05 |
| EPS Growth (3-5 yr est.) | 8.37 |
| Market Cap Median USD (M) | 8.3 |
| Market Cap Weighted Average EUR (M) | 35.7 |
| Market Cap Weighted Average USD (M) | 41.7 |
| ROE (%) | 5.07 |
| Turnover Ratio (Latest 12-Months) | 114 |
Due to the characteristics of the fund, the NAV may be highly volatile.
Fund fees
Swing pricing, as defined in the prospectus, may be applied on a subscription or redemption of shares to reflect the costs of dealing in the Fund's assets.
Source: PGIM, Inc. Past performance is no guarantee of future results.
This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.
This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Company’s Prospectus (the “Prospectus”), Supplement (the “Supplement”) and Key Investor Information Document (the “KIID”) or Key Information Document (the "KID"), depending on the jurisdition (collectively the “Fund Documents”). Capitalised terms used herein without definition have the respective meanings provided in the Prospectus, Supplement and KIID/KID, as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.
RISKS
An investment in the Fund involves a high degree of risk, including the risk that the entire amount invested may be lost. The Fund is primarily designed to purchase certain investments, which will introduce significant risk to the Fund, including asset performance, price volatility, administrative risk and counterparty risk. No guarantee or representation is made that any Fund’s investment program will be successful, or that such Fund’s returns will exhibit low correlation with an investor’s traditional securities portfolio.
Any investment in the Fund will be deemed to be a speculative investment and is not intended as a complete investment program. Investment in the Fund is suitable only for persons who can bear the economic risk of the loss of their investment and who meet the conditions set forth in the Fund Documents. There can be no assurances that the Fund will achieve its investment objective. Prospective and existing Investors should carefully consider the risks involved in an investment in the Fund, including, but not limited to, those discussed in the Fund Documents. Prospective and existing Investors should consult their own legal, tax and financial advisors about the risks of an investment in the Fund. Any such risk could have a material adverse effect on the Fund and its Shareholders.
MORNINGSTAR INFORMATION
Overall Morningstar Rating™ out of 582 Property - Indirect Global, as of 31 May 2026.
Morningstar measures risk-adjusted returns. The overall rating is a weighted average based on the Fund's 3-, 5-, and 10-year star rating. Source: Morningstar. Inception: 10 December 2015. Ratings 3yr 5/582, 5yr 5/494, 10yr 5/309. See MORNINGSTAR INFORMATION at the bottom of this page.
The Morningstar Medalist RatingTM is the summary expression of Morningstar’s forward-looking investment strategies analysis offered via specific vehicles on a Gold, Silver, Bronze, Neutral, and Negative scale. These ratings indicate the investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investments are evaluated on 3 pillars (People, Parent, and Process) which, when coupled with a fee assessment, form the basis for Morningstar’s conviction in those product’s investment merits and determine the assigned rating. Pillar ratings are Low, Below Average, Average, Above Average, and High, and are evaluated qualitatively (either directly to a covered vehicle or indirectly when a covered vehicle’s ratings are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by expected performance into rating groups defined by their Morningstar Category and active or passive status. Analysts who directly cover a vehicle assign the 3 pillar ratings based on their qualitative assessment, subject to Analyst Rating Committee oversight, and monitor and reevaluate them at least every 14 months. Vehicle ratings are assigned monthly when covered either indirectly by analysts or by algorithm. For more information, please visit www.global.morningstar.com/managerdisclosures/. Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to issues like unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment. Changes in underlying factors can mean the rating is subsequently no longer accurate. ‡Source: Morningstar.
fund administration
| Investment Manager | PGIM, Inc. |
| Listing | Global Exchange Market of the Irish Stock Exchange plc |
| Depositary | State Street Custodial Services (Ireland) Limited |
| Administrator | State Street Fund Services (Ireland) Limited |
| Auditor | PwC |
| Reporting | Monthly statements |
| Annual audited financial statements |
fund structure
- Ireland based UCITS fund
- The Fund is a sub-fund of PGIM Funds plc (the “Company”)
- The Company is an investment company with variable capital incorporated in Ireland with registered number 530399
- The Company is established as an umbrella fund with segregated liability between sub-funds
- The Company is managed by PGIM Investments (Ireland) Limited (the “Manager”). The Company and the Manager are each authorised in Ireland and regulated by the Central Bank of Ireland.
MORNINGSTAR INFORMATION
Growth of $10,000
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.
Please refer to the Fund Documents for other important
information regarding the risks involved in an investment
in the Fund.
standard (%)
|
ANNUALISED
|
|||||||
|---|---|---|---|---|---|---|---|
|
Net Returns
|
1 Mo
|
3 Mo
|
YTD
|
1Yr
|
3Yr
|
5Yr
|
Since Inception (10 December 2015)
|
| Fund | 0.89 | 8.19 | 11.86 | 13.76 | 11.46 | 3.40 | 5.39 |
| Benchmark | 0.86 | 8.52 | 9.64 | 13.26 | 9.60 | 1.69 | 4.21 |
| Difference | 0.03 | -0.33 | 2.22 | 0.50 | 1.86 | 1.71 | 1.18 |
rolling 12 month (%)
|
2017
|
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
|
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.01 | 5.41 | 10.61 | -9.35 | 31.61 | -12.53 | -2.43 | 9.02 | 11.65 | 13.76 |
| Benchmark | 0.21 | 5.64 | 7.68 | -16.25 | 33.55 | -13.44 | -4.56 | 4.54 | 11.18 | 13.26 |
| Difference | -1.22 | -0.23 | 2.93 | 6.90 | -1.94 | 0.91 | 2.13 | 4.48 | 0.47 | 0.50 |
CALENDAR YEAR (%)
(Year Ended 31 December)
|
2016
|
2017
|
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
|
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.53 | 10.10 | -5.65 | 24.15 | -2.97 | 29.29 | -26.30 | 13.10 | 6.27 | 6.89 |
| Benchmark | 4.06 | 10.36 | -5.63 | 21.91 | -9.04 | 26.09 | -25.09 | 9.67 | 0.94 | 9.58 |
| Difference | -4.59 | -0.26 | -0.02 | 2.24 | 6.07 | 3.20 | -1.21 | 3.43 | 5.33 | -2.69 |
The monthly calculated performance scenarios are available upon request.
Source: PGIM, Inc. Past performance is no guarantee of future results. Net returns are calculated on a Net Asset Value (NAV) to NAV basis and reflect the deduction of ongoing fees, which include the management fee. Difference represents the difference between net returns and the benchmark and may reflect rounding differences. Benchmark is FTSE EPRA NAREIT Developed Index (USD) (the "Benchmark").
This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.
The Benchmark is unmanaged and reflects the stock performance of companies engaged in specific aspects of the major real estate markets/regions of the world. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. "FT-SE®", "FOOTSIE®" and "FTSE4GOOD®" are trade marks of the London Stock Exchange Group companies. "NAREIT®" is a trade mark of the National Association of Real Estate Investment Trusts ("NAREIT”) and "EPRA®" is a trade mark of the European Public Real Estate Association ("EPRA”) and all are used by FTSE International Limited ("FTSE”) under licence. The FTSE [name of index] is calculated by FTSE. Neither FTSE, Euronext N. V., NAREIT nor EPRA sponsor, endorse or promote this product and are not in any way connected to it and do not accept any liability. All intellectual property rights in the index values and constituent list vests in FTSE, Euronext N. V., NAREIT and EPRA. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
Fund performance is as of the last business day of the month as defined in the Fund Supplement, which may differ from the month end. If any current shareholders would like to receive intra-month summaries please request this through your registered financial intermediary.
- TABLE
- CHARTS
Property Type (%)
|
Fund
|
Benchmark
|
|
|---|---|---|
| Industrial Property | 17.1 | 15.7 |
| Healthcare Property | 12.1 | 13.6 |
| Diversified | 10.9 | 16.0 |
| Data Center Property | 8.4 | 8.7 |
| Apartments Property | 7.7 | 7.8 |
| Storage Property | 6.3 | 6.8 |
| Free-Standing Property | 6.1 | 4.4 |
| Other | 6.0 | 1.3 |
| Malls Property | 4.4 | 3.0 |
| Office Space | 4.2 | 4.9 |
| Retail, Other Property | 4.0 | 5.7 |
| Strip Centers Property | 3.6 | 3.9 |
| Hotel/Resort & Entertainment | 0.8 | 2.4 |
| Cash & Equivalents | 8.2 | — |
TOP COUNTRIES (%)
|
Fund
|
Benchmark
|
|
|---|---|---|
| United States | 60.3 | 64.5 |
| Japan | 6.7 | 8.3 |
| Australia | 5.8 | 6.1 |
| Hong Kong | 3.7 | 3.4 |
| Singapore | 3.3 | 3.0 |
| United Kingdom | 2.3 | 3.2 |
| France | 2.2 | 1.8 |
| Belgium | 2.0 | 1.0 |
| Canada | 1.6 | 2.1 |
| Switzerland | 1.4 | 1.6 |
TOP 10 HOLDINGS (%)
| Welltower Inc | 7.6 |
| Equinix Inc | 6.7 |
| Prologis Inc | 6.0 |
| Extra Space Storage Inc | 3.5 |
| First Industrial Realty Trust Inc | 3.3 |
| Goodman Group | 3.0 |
| American Healthcare REIT Inc | 3.0 |
| Simon Property Group Inc | 2.8 |
| Iron Mountain Inc | 2.8 |
| Agree Realty Corp | 2.8 |
Source: PGIM, Inc. Totals may not equal 100% due to rounding. Portfolio holdings may not represent current, future investments or all of the portfolio’s holdings. Future portfolio holdings may not be profitable.
This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.
This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Fund Documents. Capitalised terms used herein without definition have the respective meanings provided in the Fund Documents as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.
ABOUT
PGIM Real Estate manages $207 billion in assets (as of 31 Mar 2024) and has been redefining the real estate investing landscape since 1970, with professionals containing deep local knowledge and experience in 18 cities across the Americas, Europe, and Asia Pacific. The firm offers a broad range of real estate investment vehicles that span the risk-return spectrum across core, core plus, value-add, debt, securities, and specialised investment strategies.
Rick J. Romano, CFA
Global Head and Co-Chief Investment Officer of Real Estate Securities
PGIM Real Estate
Rick J. Romano, CFA is a managing director at PGIM and Global Head of the Real Estate Securities business.
Michael Gallagher
Executive Director and Portfolio Manager
PGIM Real Estate
Michael Gallagher is an Executive Director for PGIM Real Estate and portfolio manager for the European Real Estate Securities business.
Daniel Cooney, CFA
Managing Director and Co-Chief Investment Officer
PGIM Real Estate
Daniel Cooney, CFA is a managing director with PGIM and Co-CIO for the Real Estate Securities business.
Alvin Chan, CFA
Executive Director and Portfolio Manager
PGIM Real Estate
Alvin Chan is an Executive Director at PGIM Real Estate and head of Asia for the Real Estate Securities Team.
Enoch Chan, CFA
Executive Director and Portfolio Manager
PGIM Real Estate
Enoch Chan is an Executive Director at PGIM Real Estate for the Real Estate Securities Team.
The monthly calculated performance scenarios are available upon request.
Source: PGIM, Inc. Past performance is no guarantee of future results.
This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.
This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Fund Documents. Capitalised terms used herein without definition have the respective meanings provided in the Fund Documents as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.
PGIM literature
Fund literature
| document name | Type |
|---|
There is no guarantee that this objective will be achieved. Portfolio characteristics subject to change. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.
