- ISIN
- US7443365041
- CUSIP
- 744336504
- Issuer
- PGIM
- Inception Date
- May 4, 1998
- Category
- REIT
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PURZX Performance Chart
PGIM Global Real Estate Fund (PURZX) is up 9.4% since the beginning of the year. PURZX is currently trading at $22 per share. Investors who bought $1,000 worth of PURZX shares 5 years ago would now be looking at an investment worth $1,121.
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Returns By Period
PGIM Global Real Estate Fund (PURZX) has returned 9.41% so far this year and 13.13% over the past 12 months. Over the last ten years, PURZX has returned 4.20% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
PGIM Global Real Estate Fund
- 1D
- 0.22%
- 1M
- -1.33%
- YTD
- 9.41%
- 6M
- 9.79%
- 1Y
- 13.13%
- 3Y*
- 9.65%
- 5Y*
- 2.31%
- 10Y*
- 4.20%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PURZX Monthly Returns History
Based on dividend-adjusted daily data since May 6, 1998, PURZX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2009 with a return of +22.3%, while the worst month was Oct 2008 at -25.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PURZX closed higher 52% of trading days. The best single day was Mar 23, 2009 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -15.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.14% | 8.09% | -8.43% | 8.58% | -1.58% | -0.67% | 9.41% | ||||||
| 2025 | 1.65% | 1.88% | -2.54% | 1.00% | 3.11% | 1.19% | -2.01% | 4.62% | 1.15% | -1.28% | 2.03% | -1.68% | 9.22% |
| 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 | 9.41% | -4.87% | -1.58% | 2.58% | -4.39% | 2.89% | 3.48% | -2.89% | -6.06% | -4.27% | 9.43% | 8.80% | 11.24% |
| 2022 | -6.01% | -2.72% | 4.48% | -5.69% | -5.92% | -8.89% | 8.46% | -6.74% | -12.47% | 2.00% | 8.29% | -2.99% | -26.73% |
| 2021 | -1.50% | 5.24% | 1.92% | 5.80% | 1.78% | 1.83% | 3.74% | 1.70% | -5.60% | 6.58% | -2.25% | 6.41% | 27.91% |
Benchmark Metrics
PGIM Global Real Estate Fund has an annualized alpha of 2.49%, beta of 0.76, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since May 06, 1998.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.89%) than losses (83.98%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.49% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.49%
- Beta
- 0.76
- R²
- 0.55
- Upside Capture
- 84.89%
- Downside Capture
- 83.98%
Expense Ratio
PURZX has a high expense ratio of 0.93%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PURZX ranks 16 for risk / return — in the bottom 16% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM Global Real Estate Fund (PURZX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PURZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.78 | -1.51 |
| Martin ratioReturn relative to average drawdown | 4.62 | 12.44 | -7.82 |
Dividends
Dividend History
PGIM Global Real Estate Fund provided a 2.74% dividend yield over the last twelve months, with an annual payout of $0.61 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.59 | $0.52 | $0.44 | $0.39 | $4.17 | $0.39 | $2.46 | $0.93 | $0.95 | $1.07 | $0.82 |
Dividend yield | 2.74% | 2.85% | 2.68% | 2.27% | 2.22% | 16.92% | 1.71% | 10.18% | 4.22% | 3.93% | 4.67% | 3.45% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.09 | $0.00 | $0.23 | $0.59 |
| 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 |
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.
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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 69.49%, occurring on Mar 9, 2009. Recovery took 1023 trading sessions.
The current PGIM Global Real Estate Fund drawdown is 3.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -69.49%Mar 2009 | 2y 15d | 4y 25d | 6y 1moFeb 2007 - Apr 2013 |
COVID crash2020 | -41.05%Mar 2020 | 1mo 3d | 1y 1mo | 1y 2moFeb 2020 - Apr 2021 |
Bear market2022 | -34.80%Oct 2022 | 9mo 14d | 3y 4mo | 4y 1moJan 2022 - Feb 2026 |
1998 bear market1998 | -34.00%Oct 1998 | 5mo | 2y 7mo | 3y 12dMay 1998 - May 2001 |
2004 correction2004 | -18.88%May 2004 | 1mo 8d | 3mo 12d | 4mo 20dApr 2004 - Aug 2004 |
Drawdown Indicators
| PURZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -56.78% | -12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -9.10% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -18.57% | -18.90% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -34.80% | -25.43% | -9.37% |
Max Drawdown (10Y)Largest decline over 10 years | -41.05% | -33.92% | -7.13% |
Current DrawdownCurrent decline from peak | -3.08% | -1.80% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -11.97% | -10.71% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.03% | +0.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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