PGIM US Real Estate Fund (PJEZX)
The fund normally invests at least 80% of its investable assets (net assets plus any borrowings made for investment purposes) in the equity-related securities of real estate companies operating in the United States, principally real estate investment trusts (REITs) and other real estate securities. It may invest up to 20% of its investable assets in other securities, including equity-related securities of foreign real estate companies. It is non-diversified.
Fund Info
| ISIN | US7443368847 |
|---|---|
| CUSIP | 744336884 |
| Issuer | PGIM Investments |
| Inception Date | Dec 21, 2010 |
| Category | REIT |
| Min. Investment | $0 |
| Asset Class | Real Estate |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
PJEZX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM US Real Estate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM US Real Estate Fund had a return of -0.18% year-to-date (YTD) and 11.29% in the last 12 months. Over the past 10 years, PGIM US Real Estate Fund had an annualized return of 6.95%, while the S&P 500 had an annualized return of 10.90%, indicating that PGIM US Real Estate Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.18% | 11.05% |
| 1 month | 6.95% | 4.86% |
| 6 months | 11.02% | 17.50% |
| 1 year | 11.29% | 27.37% |
| 5 years (annualized) | 5.38% | 13.14% |
| 10 years (annualized) | 6.95% | 10.90% |
Monthly Returns
The table below presents the monthly returns of PJEZX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.35% | 3.13% | 2.31% | -7.42% | -0.18% | ||||||||
| 2023 | 11.14% | -4.49% | -1.62% | 1.55% | -2.95% | 5.20% | 2.92% | -2.07% | -6.34% | -4.25% | 9.15% | 8.46% | 15.85% |
| 2022 | -6.92% | -3.21% | 6.57% | -4.83% | -7.63% | -7.92% | 8.88% | -5.94% | -13.07% | 2.81% | 7.72% | -5.07% | -27.26% |
| 2021 | -0.39% | 5.98% | 4.40% | 8.20% | 1.17% | 3.92% | 4.86% | 2.24% | -4.97% | 7.52% | -0.79% | 8.86% | 48.32% |
| 2020 | 3.04% | -8.15% | -18.81% | 6.29% | 2.49% | 2.52% | 5.90% | -0.72% | -3.23% | -1.71% | 7.25% | 3.37% | -4.86% |
| 2019 | 12.48% | 1.38% | 5.11% | 0.82% | -0.23% | 1.82% | 1.44% | 4.06% | 2.34% | 3.22% | -1.08% | -1.22% | 33.74% |
| 2018 | -3.68% | -7.80% | 4.14% | 1.39% | 4.11% | 4.04% | 0.58% | 3.22% | -1.76% | -3.55% | 4.83% | -7.89% | -3.54% |
| 2017 | -0.75% | 2.84% | -2.28% | 0.42% | -0.33% | 2.16% | 1.25% | 0.24% | 0.08% | -0.49% | 2.59% | -0.16% | 5.60% |
| 2016 | -3.63% | -1.10% | 8.98% | -3.19% | 1.52% | 6.73% | 4.01% | -3.59% | -1.72% | -4.63% | -1.84% | 5.09% | 5.63% |
| 2015 | 5.55% | -3.13% | 1.97% | -5.67% | -0.36% | -4.55% | 5.58% | -4.29% | 0.97% | 5.34% | -0.21% | 1.53% | 1.87% |
| 2014 | 2.83% | 5.67% | 0.94% | 3.05% | 2.73% | 0.96% | -0.15% | 2.86% | -5.50% | 9.15% | 2.22% | 2.16% | 29.68% |
| 2013 | 3.15% | 0.56% | 3.08% | 6.69% | -5.83% | -1.83% | 1.26% | -7.26% | 3.16% | 4.49% | -5.24% | 0.83% | 2.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PJEZX is 18, indicating that it is in the bottom 18% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PJEZX (PGIM US Real Estate Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM US Real Estate Fund (PJEZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM US Real Estate Fund granted a 1.88% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.23 | $0.39 | $1.66 | $0.20 | $0.83 | $0.60 | $0.76 | $1.87 | $1.24 | $0.89 | $0.62 |
Dividend yield | 1.88% | 1.65% | 3.21% | 9.54% | 1.56% | 6.03% | 5.43% | 6.31% | 15.48% | 9.39% | 6.25% | 5.29% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM US Real Estate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.16 | |||||||
| 2023 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.23 |
| 2022 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.13 | $0.00 | $0.17 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $1.55 | $1.66 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.06 | $0.20 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.00 | $0.68 | $0.83 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.45 | $0.60 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.67 | $0.76 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.08 | $0.00 | $1.33 | $1.87 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $1.09 | $1.24 |
| 2014 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.84 | $0.89 |
| 2013 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.55 | $0.62 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM US Real Estate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM US Real Estate Fund was 43.43%, occurring on Mar 23, 2020. Recovery took 265 trading sessions.
The current PGIM US Real Estate Fund drawdown is 15.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -43.43% | Feb 24, 2020 | 21 | Mar 23, 2020 | 265 | Apr 12, 2021 | 286 |
| -34.6% | Jan 3, 2022 | 198 | Oct 14, 2022 | — | — | — |
| -24.56% | Jul 25, 2011 | 50 | Oct 3, 2011 | 85 | Feb 3, 2012 | 135 |
| -17.69% | May 22, 2013 | 62 | Aug 19, 2013 | 196 | May 30, 2014 | 258 |
| -16.38% | Jan 28, 2015 | 154 | Sep 4, 2015 | 169 | May 9, 2016 | 323 |
Volatility
Volatility Chart
The current PGIM US Real Estate Fund volatility is 3.84%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.