PGIM Global Select Real Estate Securities Fund
$
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Overall Morningstar Rating™ out of 583 USD High Yield Bond, as of 30 June 2025.
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 5/583, 5yr 5/484, 10yr 5/270. See MORNINGSTAR INFORMATION at the bottom of this page.
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 features
FUND CHARACTERISTICS
|
Fund
|
|
|---|---|
| Number of Holdings | 50 |
| Weighted Average Market Cap ($US B) | 26.5 |
| Weighted Average Market Cap (€ B) | 22.6 |
| Median Market Cap ($US B) | 7.8 |
| EPS Growth (3-5 yr est.) | 8.22 |
| Dividend Yield | 3.63 |
| ROE (%) | 8.85 |
| Turnover Ratio (Latest 12-Months) | 155 |
Due to the characteristics of the fund, the NAV may be highly volatile.
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.
Symbols
share class features
Where an investor's own currency is different to the currency of the fund, the return on investment may be affected by fluctuations in the currency exchange rate. Also, the use of financial derivative instruments may result in increased gains or losses within the Fund.
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.
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 | -1.67 | 2.58 | 3.34 | 3.62 | 2.63 | 4.75 | 4.33 |
| Benchmark | -1.17 | 2.22 | 4.83 | 3.63 | 0.51 | 4.28 | 3.14 |
| Difference | -0.50 | 0.36 | -1.49 | -0.01 | 2.12 | 0.47 | 1.19 |
rolling 12 month (%)
|
2016
|
2017
|
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
|
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | -3.39 | 4.46 | 10.04 | -3.75 | 26.83 | -8.00 | -6.67 | 11.77 | 3.62 |
| Benchmark | - | -2.84 | 4.63 | 7.15 | -14.22 | 34.93 | -9.99 | -8.27 | 6.83 | 3.63 |
| Difference | - | -0.55 | -0.17 | 2.89 | 10.47 | -8.10 | 1.99 | 1.60 | 4.94 | -0.01 |
CALENDAR YEAR (%)
(Year Ended 31 December)
|
2016
|
2017
|
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
|
|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.53 | 10.10 | -5.65 | 24.16 | -2.97 | 29.29 | -26.30 | 13.10 | 6.27 |
| Benchmark | 4.06 | 10.36 | -5.63 | 21.91 | -9.04 | 26.09 | -25.09 | 9.67 | 0.94 |
| Difference | -4.59 | -0.26 | -0.02 | 2.25 | 6.07 | 3.20 | -1.21 | 3.43 | 5.33 |
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 (%)
|
Property
|
Fund
|
Benchmark
|
|---|---|---|
| Industrial | 12.9 | 14.3 |
| Diversified | 12.1 | 16.6 |
| Healthcare | 10.8 | 11.3 |
| Apartments | 10.6 | 10.5 |
| Data Center | 8.2 | 7.7 |
| Storage | 7.6 | 7.1 |
| Malls | 6.9 | 5.5 |
| Not Applicable | 6.3 | 1.0 |
| Office Space | 6.0 | 5.3 |
| Free-Standing | 4.3 | 4.8 |
| Strip Centers | 3.4 | 3.9 |
| Specialty | 2.9 | 3.0 |
| Single Family Home | 2.4 | 2.4 |
| Hotel/Resort & Entertainment | 2.0 | 2.1 |
| Retail, Other | 1.8 | 2.2 |
| Student Housing | 1.2 | 0.4 |
| Cash/Equiv | 0.6 | — |
REGIONAL ALLOCATION (%)
|
Region
|
Fund
|
Benchmark
|
|---|---|---|
| North America | 64.4 | 64.4 |
| Pacific Rim ex Japan | 13.4 | 12.9 |
| Europe ex UK | 9.1 | 9.3 |
| Japan | 8.5 | 9.0 |
| United Kingdom | 3.9 | 4.0 |
| Cash/Equiv | 0.6 | — |
TOP 10 HOLDINGS (%)
|
Fund
|
|
|---|---|
| Welltower | 6.8 |
| Digital Realty Trust | 4.8 |
| Iron Mountain | 4.2 |
| First Industrial Realty Trust Inc | 3.8 |
| Essex Property | 3.7 |
| Smartstop Self Storage REIT | 3.7 |
| Equinix | 3.4 |
| Prologis | 3.3 |
| Simon Property | 3.3 |
| Agree Realty Corp | 3.2 |
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 Romano, CFA
Managing Director and Head of Global Real Estate Securities (GRES)
|PGIM Real Estate
Rick J. Romano, CFA, is a Managing Director and Head of Global Real Estate Securities (GRES) business.
Michael Gallagher
Executive Director and Portfolio Manager for PGIM Real Estate (UK)
|PGIM Real Estate
Michael Gallagher is an Executive Director and Portfolio Manager for PGIM Real Estate (UK) Limited based in London.
Daniel Cooney
Managing Director with PGIM Real Estate and Portfolio Manager for Global Real Estate Securities Business
|PGIM Real Estate
Daniel Cooney is a Managing Director with PGIM Real Estate and a portfolio manager for the Global Real Estate Securities (GRES) business.
Alvin Chan, CFA
Portfolio Manager for Public Securities Investments in Asia Pacific
|PGIM Real Estate
Alvin Chan, CFA, is a Portfolio Manager responsible for the public securities investments in the Asia Pacific region.
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.
3311703 Ed. 01/2024
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.
