Neuberger Berman Global Real Estate Fund
Data updated: 2023-11-07
C000150126 — Neuberger Berman Global Real Estate Fund. Emerging Markets Real Estate · $3.01M AUM. Holdings, fees, performance and SEC filings.
C000150126 Fund Overview
Neuberger Berman Global Real Estate Fund is a US mutual fund managed by Neuberger Berman Equity Funds, categorised as Emerging Markets 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: Neuberger Berman Equity Funds
- Category: Emerging Markets Real Estate
- Assets under management: $3.01M
- 1-year return: -7.8%
- SEC CIK: 0000044402
- SEC series ID: S000047777
- Share class ID: C000150126
C000150126 Investment Objective and Strategy
Neuberger Berman Global Real Estate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Neuberger Berman Equity Funds.
Investment objective
The Fund seeks total return.
Principal investment strategy
To pursue its goal, the Fund normally invests at least 80% of its net assets in U.S. and non-U.S. equity securities issued by real estate investment trusts (REITs) and common stocks and other securities issued by other real estate companies, including rights and warrants, and convertible and preferred securities. The Fund defines a real estate company as one that derives at least 50% of its revenue or profits from real estate, or has at least 50% of its assets invested in real estate. Under normal market conditions, the Fund will invest at least 40% of its total assets (unless market conditions are not deemed favorable by the Portfolio Managers, in which case the Fund would invest at least 30% of its total assets) in securities that (a) are organized or located outside the U.S., (b) trade primarily in a market located outside the U.S., or (c) derive at least 50% of their revenue or profits from business outside the U.S.
or have at least 50% of their assets outside the U.S. The Fund will allocate its assets among various regions and countries, including the United States. The Fund is not limited in the extent to which it may invest in real estate equity securities of companies domiciled in emerging market countries. The Fund may also invest in securities of foreign companies in the form of depositary receipts. The Fund generally will invest in convertible securities only if, in the view of the Portfolio Managers, the conversion feature represents a significant element of the securities value. The Fund may invest up to 20% of its net assets in debt securities of real estate companies. These debt securities can be either investment grade or below investment grade (commonly known as junk bonds), provided that, at the time of purchase, they are rated at least B by S&P Global Ratings or Moodys Investor Service (or comparably rated by at least one independent credit rating agency) or, if unrated by either of these, determined by the Portfolio Managers to be of comparable quality.
The Fund does not normally continue to hold securities that are in default or have defaulted with respect to the payment of interest or repayment of principal, but may do so depending on market conditions. The Portfolio Managers make investment decisions through a fundamental analysis of each company. The Portfolio Managers review each companys current financial condition and industry position, as well as economic and market conditions. In doing so, they evaluate the companys growth potential, earnings estimates and quality of management, as well as other factors. The Fund normally seeks to invest for the long-term, but it may sell securities regardless of how long they have been held if the Portfolio Managers find an opportunity they believe is more compelling, if the Portfolio Managers outlook on the company or the market changes, if a stock reaches a target price, if a companys business fails to perform as expected, or when other opportunities appear more attractive.
The Fund may invest in companies across all market capitalizations. The Fund will not change its strategy of normally investing at least 80% of its net assets in U.S. and non-U.S. equity securities issued by REITs and common stocks and other securities issued by other real estate companies, without providing shareholders at least 60 days notice. This test and the test of whether a company is a real estate company are applied at the time the Fund invests; later percentage changes caused by a change in market values or company circumstances will not require the Fund to dispose of a holding.
C000150126 Performance
Total returns for C000150126 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -7.8% |
| 3 years (annualised) | 0.2% |
C000150126 Risk Information
Risk metrics for C000150126, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.8%
C000150126 Costs and Fees
C000150126 costs about $101 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.01%
- Gross expense ratio: 7.96%
- Portfolio turnover: 78%
- Brokerage commissions: 22.50 bps of average net assets (SEC N-CEN)
C000150126 Cashflows
Over the 12 months to 2023-08, Neuberger Berman Global Real Estate Fund had net inflows of $310.90K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-08 | $490.37K |
| 2023-07 | −$453.99K |
| 2023-06 | $92.48K |
| 2023-05 | $44.84K |
| 2023-04 | −$3.43M |
| 2023-03 | $5.63K |
C000150126 Debt Constituents
No individual debt constituents are reported in Neuberger Berman Global Real Estate Fund's latest SEC N-PORT filing.
C000150126 Prospectus and SEC Filings
Official Neuberger Berman Global Real Estate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-12-15
- Prospectus supplement (497) — filed 2021-12-29
- Prospectus supplement (497) — filed 2021-02-03
- Portfolio holdings (N-PORT) — filed 2023-10-25
- Portfolio holdings (N-PORT) — filed 2023-07-25
- Portfolio holdings (N-PORT) — filed 2023-04-26
- Annual census (N-CEN) — filed 2023-11-07
- Annual census (N-CEN) — filed 2022-11-10
Related Funds
Other Emerging Markets 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.