PGIM Global Real Estate Fund
Data updated: 2026-09-29
C000012605 — PGIM Global Real Estate Fund. Global (incl. US) Real Estate · $1.12B AUM · 2.27% expense ratio. Holdings, fees, performance and SEC filings.
C000012605 Fund Overview
PGIM Global Real Estate Fund is a US mutual fund managed by Prudential Investment Portfolios 12, categorised as Global (incl. US) Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Prudential Investment Portfolios 12
- Category: Global (incl. US) Real Estate
- Assets under management: $1.12B
- SEC CIK: 0001051562
- SEC series ID: S000004628
- Share class ID: C000012605
C000012605 Investment Objective and Strategy
PGIM Global Real Estate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Prudential Investment Portfolios 12.
Investment objective
The investment objectives of the Fund are capital appreciation and income .
Principal investment strategy
The Fund seeks investments whose price will increase over time and which will pay the Fund dividends and other income. 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, 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. The Fund invests globally in real estate investments. Under normal circumstances, the Fund invests in at least three different countries and at least 40% of its total assets in foreign securities, including emerging markets.
There is no limit on the amount of Fund assets that may be invested in the securities of foreign real estate companies. The Fund utilizes the domicile of listing to determine whether a security is foreign. Emerging markets are considered to be those countries that the World Bank, the International Finance Corporation, or the United Nations or its authorities has determined to have a low or middle income economy. The Fund concentrates its investments in real estate securities, including REITs. The Fund is nondiversified, meaning that it may invest more than 5% of its total assets in any one issuer. The Fund is managed by PGIM Real Estate, which is a business unit of PGIM, Inc., and serves as the Fund's subadviser. The subadviser's approach to real estate investing is value-oriented based upon real estate fundamentals and assessments of management teams.
The subadviser emphasizes both quantitative and qualitative investment analysis, and focuses on valuation relative to a company's underlying real estate assets as well as a company's on-going concern valuation. Through detailed company research that includes regular management visits, property tours and financial analysis, the subadviser analyzes the quality of real estate asset cash flows and sustainability and growth of company dividends. The subadviser also evaluates the company's strategy, management's track record, incentives and ability to create long term shareholder value. Only about 10% of institutional quality commercial real estate is publicly traded, and the subadviser believes public real estate securities managers need a firm understanding of the other 90%the private real estate marketsto successfully add value.
Decisions to sell portfolio securities are based on relative analysis which entails examination of a variety of factors. The decision to sell a security is based on the subadviser's assessment of relative risk adjusted return for the security.
C000012605 Holdings
Top 10 holdings of PGIM Global Real Estate Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Welltower, Inc. | 8.04% |
| Prologis, Inc. | 6.27% |
| Equinix, Inc. | 4.03% |
| Simon Property Group, Inc. | 3.86% |
| Digital Realty Trust, Inc. | 3.39% |
| American Healthcare REIT, Inc. | 2.67% |
| Goodman Group | 2.65% |
| Iron Mountain, Inc. (reit) | 2.55% |
| First Industrial Realty Trust, Inc. | 2.12% |
| Nnn REIT, Inc. | 2.06% |
C000012605 Portfolio Allocation
Asset-class allocation of PGIM Global Real Estate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
| Cash & Equivalents | 0.5% |
C000012605 Costs and Fees
C000012605 costs about $227 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.27%
- Gross expense ratio: 2.27%
- Portfolio turnover: 94%
- Brokerage commissions: 11.91 bps of average net assets (SEC N-CEN)
C000012605 Cashflows
Over the 12 months to 2026-04, PGIM Global Real Estate Fund had net inflows of $93.44M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$110.73M |
| 2026-03 | −$143.02M |
| 2026-02 | $251.22M |
| 2026-01 | $32.36M |
| 2025-12 | $54.57M |
| 2025-11 | $8.03M |
C000012605 Debt Constituents
No individual debt constituents are reported in PGIM Global Real Estate Fund's latest SEC N-PORT filing.
C000012605 Prospectus and SEC Filings
Official PGIM Global Real Estate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-23
- Prospectus (485BPOS) — filed 2024-12-20
- Prospectus (485BPOS) — filed 2024-02-15
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
Other Global (incl. US) Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.