Ab Global Real Estate Investment Fund, Inc.
Data updated: 2025-04-28
C000028093 — Ab Global Real Estate Investment Fund, Inc. Global (incl. US) Real Estate · $46.58M AUM. Holdings, fees, performance and SEC filings.
C000028093 Fund Overview
Ab Global Real Estate Investment Fund, Inc. is a US mutual fund managed by Ab Global Real Estate Investment Fund INC, 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: Ab Global Real Estate Investment Fund INC
- Category: Global (incl. US) Real Estate
- Assets under management: $46.58M
- SEC CIK: 0001018368
- SEC series ID: S000010124
- Share class ID: C000028093
C000028093 Investment Objective and Strategy
Ab Global Real Estate Investment Fund, Inc. describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ab Global Real Estate Investment Fund INC.
Investment objective
The Fund's investment objective is total return from long-term growth of capital and income.
Principal investment strategy
"Under normal circumstances, the Fund invests at least 80% of its net assets in the equity securities of real estate investment trusts, or REITs, and other real estate industry companies, such as real estate operating companies, or REOCs. The Fund invests in real estate companies that the Adviser believes have strong property fundamentals and management teams. The Fund seeks to invest in real estate companies whose underlying portfolios are diversified geographically and by property type. The Fund invests in U.S. and non-U.S. issuers. Under normal circumstances, the Fund invests significantly (at least 40%--unless market conditions are not deemed favorable by the Adviser) in securities of non-U.S. companies. In addition, the Fund invests, under normal circumstances, in the equity securities of companies located in at least three countries.
The Fund's investment policies emphasize investments in companies determined by the Adviser to be undervalued relative to their peers, using a fundamental value approach. In selecting real estate equity securities, the Adviser's research and investment process seeks to identify globally those companies where the magnitude and growth of cash flow streams have not been appropriately reflected in the price of the security. These securities may trade at a more attractive valuation than others that may have similar overall fundamentals. The Adviser's fundamental research efforts are focused on forecasting the short and long-term normalized cash generation capability of real estate companies by isolating supply and demand for property types in local markets, determining the replacement value of properties, assessing future development opportunities, and normalizing capital structures of real estate companies.
Currencies can have a dramatic impact on equity return, significantly adding to returns in some years and greatly diminishing them in others. The Adviser evaluates currency and equity positions separately and may seek to hedge the currency exposure resulting from securities positions when it finds the currency exposure unattractive. To hedge a portion of its currency risk, the Fund may from time to time invest in currency-related derivatives, including forward currency exchange contracts, futures contracts, options on futures contracts, swaps and options. The Adviser also may seek investment opportunities by taking long or short positions in currencies through the use of currency-related derivatives. The Fund invests in equity securities that include common stock, shares of beneficial interest of REITs, and securities with common stock characteristics, such as preferred stock or convertible securities (""real estate equity securities"").
The Fund may enter into forward commitments and standby commitment agreements. The Fund may enter into other derivatives transactions, such as options, futures contracts, forwards, and swaps. The Fund may use options strategies involving the purchase and/or writing of various combinations of call and/or put options, including on individual securities and stock indices, futures contracts (including futures contracts on individual securities and stock indices) or shares of exchange-traded funds (""ETFs""). These transactions may be used, for example, in an effort to earn extra income, to adjust exposure to individual securities or markets, or to protect all or a portion of the Fund's portfolio from a decline in value, sometimes within certain ranges. The Fund may, at times, invest in shares of ETFs in lieu of making direct investments in equity securities.
ETFs may provide more efficient and economical exposure to the type of companies and geographic locations in which the Fund seeks to invest than direct investments."
C000028093 Holdings
Top 10 holdings of Ab Global Real Estate Investment Fund, Inc. by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Prologis Inc | 6.86% |
| Welltower Inc | 5.85% |
| Equinix Inc | 5.16% |
| Digital Realty Trust Inc | 4.26% |
| Ventas Inc | 3.73% |
| Simon Property Group Inc | 3.66% |
| Mid-America Apartment Communities Inc | 3.22% |
| UDR Inc | 2.92% |
| Public Storage | 2.85% |
| VICI Properties Inc | 2.56% |
C000028093 Portfolio Allocation
Asset-class allocation of Ab Global Real Estate Investment Fund, Inc. by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.6% |
| Cash & Equivalents | 1.0% |
C000028093 Costs and Fees
C000028093 costs about $216 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.16%
- Gross expense ratio: 2.16%
- Portfolio turnover: 56%
- Brokerage commissions: 3.90 bps of average net assets (SEC N-CEN)
C000028093 Cashflows
Over the 12 months to 2025-02, Ab Global Real Estate Investment Fund, Inc. had net outflows of $13.88M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-02 | −$802.88K |
| 2025-01 | −$890.05K |
| 2024-12 | −$499.01K |
| 2024-11 | −$1.93M |
| 2024-10 | −$746.95K |
| 2024-09 | −$1.38M |
C000028093 Debt Constituents
No individual debt constituents are reported in Ab Global Real Estate Investment Fund, Inc.'s latest SEC N-PORT filing.
C000028093 Prospectus and SEC Filings
Official Ab Global Real Estate Investment Fund, Inc. filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-27
- Prospectus (485BPOS) — filed 2024-02-28
- Prospectus (485BPOS) — filed 2023-02-27
- Portfolio holdings (N-PORT) — filed 2025-04-28
- Portfolio holdings (N-PORT) — filed 2025-01-23
- Portfolio holdings (N-PORT) — filed 2024-10-24
- Annual census (N-CEN) — filed 2025-02-12
- Annual census (N-CEN) — filed 2024-02-13
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.