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 features
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.
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
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.
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, CFA
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
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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.
