PGIM Real Estate Income Fund (PRKZX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PGIM Real Estate Income Fund (PRKZX) is up 9.4% since the beginning of the year. PRKZX is currently trading at $8 per share. Investors who bought $1,000 worth of PRKZX shares 5 years ago would now be looking at an investment worth $1,274.

PGIM Real Estate Income Fund (PRKZX) has returned 9.42% so far this year and 12.59% over the past 12 months. Over the last ten years, PRKZX has returned 5.80% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 4, 2016, PRKZX's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.

Historically, 59% of months were positive and 41% were negative. The best month was Jan 2019 with a return of +14.1%, while the worst month was Mar 2020 at -26.9%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PRKZX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +8.4%, while the worst single day was Mar 16, 2020 at -17.3%.

PGIM Real Estate Income Fund has an annualized alpha of -1.90%, beta of 0.66, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since January 05, 2016.

• This fund participated in 92.34% of S&P 500 Index downside but only 66.61% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.66 may look defensive, but with R2 of 0.49 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

PRKZX has a high expense ratio of 1.38%, indicating above-average management fees.

PRKZX ranks 17 for risk / return — in the bottom 17% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for PGIM Real Estate Income Fund (PRKZX) and compare them to S&P 500 Index.

PGIM Real Estate Income Fund provided a 6.83% dividend yield over the last twelve months, with an annual payout of $0.53 per share.

The table displays the monthly dividend distributions for PGIM Real Estate Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the PGIM Real Estate Income 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 Real Estate Income Fund was 46.95%, occurring on Mar 18, 2020. Recovery took 298 trading sessions.

The current PGIM Real Estate Income Fund drawdown is 2.26%.

The chart below shows the rolling one-month volatility.