PGIM US Real Estate Fund
Data updated: 2026-08-26
C000094912 — PGIM US Real Estate Fund. United States Real Estate · $377.36M AUM · 2.00% expense ratio. Holdings, fees, performance and SEC filings.
C000094912 Fund Overview
PGIM US Real Estate Fund is a US mutual fund managed by Prudential Investment Portfolios 12, categorised as United States 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: United States Real Estate
- Assets under management: $377.36M
- SEC CIK: 0001051562
- SEC series ID: S000030621
- Share class ID: C000094912
C000094912 Investment Objective and Strategy
PGIM US 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 objective of the Fund is to seek capital appreciation and income .
Principal investment strategy
The Fund seeks to achieve its investment objective by investing in investments whose price will increase over time and which will pay the Fund dividends and other income, such as capital gains. 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 operating in the United States, principally real estate investment trusts (REITs) and other real estate securities. The Fund may invest up to 20% of its investable assets in other securities, including equity-related securities of foreign real estate companies. The Fund concentrates its investments (i.e., invests at least 25% of its total assets) in the real estate sector. The Fund is non-diversified for purposes of the Investment Company Act of 1940, as amended (the 1940 Act), which means that it can invest a greater percentage of its assets in fewer issuers than a diversified fund.
The subadvisers 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 companys underlying real estate assets as well as a companys 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 companys strategy, managements track record, incentives and ability to create long term shareholder value. Approximately 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 subadvisers assessment of relative risk adjusted return for the security.
C000094912 Holdings
Top 10 holdings of PGIM US Real Estate Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Welltower, Inc. | 12.73% |
| Prologis, Inc. | 8.67% |
| Equinix, Inc. | 8.33% |
| Simon Property Group, Inc. | 6.22% |
| American Healthcare REIT, Inc. | 4.68% |
| Extra Space Storage, Inc. | 4.54% |
| Digital Realty Trust, Inc. | 4.30% |
| Iron Mountain, Inc. (reit) | 3.88% |
| Equity Residential | 3.65% |
| Regency Centers Corp. | 3.48% |
C000094912 Portfolio Allocation
Asset-class allocation of PGIM US Real Estate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.0% |
| Cash & Equivalents | 0.8% |
C000094912 Costs and Fees
C000094912 costs about $200 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.00%
- Gross expense ratio: 4.14%
- Portfolio turnover: 84%
- Brokerage commissions: 11.77 bps of average net assets (SEC N-CEN)
C000094912 Cashflows
Over the 12 months to 2026-06, PGIM US Real Estate Fund had net inflows of $185.15M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $41.45M |
| 2026-05 | $6.79M |
| 2026-04 | $14.71M |
| 2026-03 | $19.35M |
| 2026-02 | $33.82M |
| 2026-01 | −$3.11M |
C000094912 Debt Constituents
No individual debt constituents are reported in PGIM US Real Estate Fund's latest SEC N-PORT filing.
C000094912 Prospectus and SEC Filings
Official PGIM US Real Estate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-05-28
- Prospectus (485BPOS) — filed 2025-05-29
- Prospectus (485BPOS) — filed 2024-05-29
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-06-11
- Annual census (N-CEN) — filed 2025-06-12
Related Funds
Other United States 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.