PGIM Global Real Estate Fund (PURZX)
The fund normally invests at least 80% of its investable assets (net assets plus any borrowings made for investment purposes) in equity-related securities of real estate companies, principally real estate investment trusts ("REITs"), and other real estate securities. Equity-related securities may also include common stock, convertible securities, nonconvertible preferred stock, American Depositary Receipts (ADRs), warrants and other rights that can be exercised to obtain stock, investments in various types of business ventures and similar securities.
Fund Info
US7443365041
744336504
May 4, 1998
$0
Mid-Cap
Blend
Expense Ratio
PURZX has a high expense ratio of 0.93%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM Global 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 Global Real Estate Fund (PURZX) returned 2.94% year-to-date (YTD) and 9.86% over the past 12 months. Over the past 10 years, PURZX returned 0.36% annually, underperforming the S&P 500 benchmark at 10.35%.
PURZX
2.94%
8.67%
-2.05%
9.86%
3.61%
0.36%
^GSPC (Benchmark)
-3.93%
11.36%
-1.09%
10.19%
14.74%
10.35%
Monthly Returns
The table below presents the monthly returns of PURZX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.65% | 1.88% | -2.54% | 0.36% | 1.63% | 2.94% | |||||||
| 2024 | -3.96% | 1.14% | 3.92% | -6.18% | 4.10% | -0.11% | 6.08% | 6.18% | 3.24% | -4.74% | 2.68% | -7.47% | 3.64% |
| 2023 | 9.42% | -4.87% | -1.58% | 2.58% | -4.39% | 2.89% | 3.48% | -2.89% | -6.06% | -4.27% | 9.43% | 8.80% | 11.25% |
| 2022 | -6.01% | -2.72% | 4.48% | -5.68% | -5.92% | -8.89% | 8.46% | -6.74% | -12.47% | 2.00% | 8.29% | -2.98% | -26.72% |
| 2021 | -1.50% | 5.24% | 1.92% | 5.80% | 1.78% | 1.83% | 3.74% | 1.70% | -5.60% | 6.58% | -2.25% | -7.08% | 11.69% |
| 2020 | 2.28% | -7.73% | -19.13% | 5.53% | 2.38% | 2.57% | 4.45% | 2.08% | -3.06% | -3.14% | 8.88% | 3.71% | -4.39% |
| 2019 | 10.79% | 0.25% | 4.57% | -0.93% | -0.08% | 2.06% | 0.11% | 2.54% | 1.71% | 2.98% | -0.98% | -7.82% | 15.14% |
| 2018 | -0.25% | -6.95% | 2.93% | 1.63% | 1.84% | 1.38% | 1.14% | 1.24% | -1.67% | -4.14% | 3.94% | -6.82% | -6.28% |
| 2017 | 0.15% | 2.45% | -1.32% | 1.28% | 1.33% | 1.14% | 1.88% | 0.25% | -0.08% | -0.12% | 2.85% | -0.64% | 9.47% |
| 2016 | -4.14% | -0.57% | 8.64% | -0.93% | -0.17% | 3.69% | 4.01% | -2.82% | -0.76% | -5.26% | -2.85% | 1.60% | -0.38% |
| 2015 | 3.96% | 0.04% | 0.11% | -0.90% | -1.11% | -3.65% | 3.07% | -6.04% | 1.52% | 4.84% | -2.00% | -0.85% | -1.53% |
| 2014 | -1.45% | 4.38% | 0.18% | 2.95% | 3.72% | 1.72% | 0.08% | 1.38% | -5.94% | 6.55% | 0.32% | 0.21% | 14.42% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PURZX is 57, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Global Real Estate Fund (PURZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM Global Real Estate Fund provided a 2.59% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.52 | $0.44 | $0.39 | $4.17 | $0.39 | $4.13 | $1.08 | $1.17 | $1.07 | $0.82 | $0.71 |
Dividend yield | 2.59% | 2.68% | 2.27% | 2.22% | 16.92% | 1.71% | 17.08% | 4.89% | 4.84% | 4.67% | 3.45% | 2.92% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Global 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.12 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.10 | $0.00 | $0.15 | $0.52 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.13 | $0.44 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.16 | $0.00 | $0.08 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.08 | $0.00 | $3.92 | $4.17 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.09 | $0.00 | $0.09 | $0.39 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.08 | $0.00 | $3.78 | $4.13 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.09 | $0.00 | $0.69 | $1.08 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.09 | $0.00 | $0.89 | $1.17 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.11 | $0.00 | $0.65 | $1.07 |
| 2015 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.07 | $0.00 | $0.46 | $0.82 |
| 2014 | $0.04 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.53 | $0.71 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Global 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 Global Real Estate Fund was 74.04%, occurring on Mar 9, 2009. Recovery took 1478 trading sessions.
The current PGIM Global Real Estate Fund drawdown is 22.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.04% | Feb 23, 2007 | 512 | Mar 9, 2009 | 1478 | Jan 22, 2015 | 1990 |
| -42.96% | Nov 4, 2019 | 96 | Mar 23, 2020 | 300 | Jun 1, 2021 | 396 |
| -41.91% | Nov 26, 2021 | 223 | Oct 14, 2022 | — | — | — |
| -16.35% | Feb 6, 2015 | 256 | Feb 11, 2016 | 105 | Jul 13, 2016 | 361 |
| -12.94% | Aug 2, 2016 | 78 | Nov 18, 2016 | 270 | Dec 15, 2017 | 348 |
Volatility
Volatility Chart
The current PGIM Global Real Estate Fund volatility is 9.06%, 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.