NREEX Performance — Neuberger Berman Real Estate Fund, Class E
Data updated: 2026-07-27
NREEX returned +13.31% year to date and +11.41% over one year to May 2026. The annualised 3-year return is +10.86%. The fund trailed its Real Estate category average: $100 invested three years ago grew to $136, against $136 for the category, and to $111 over one year, against $113. Volatility over the past three years was 17.13% a year. In the 12 months to May 2026 the fund lost a net $128.8M, and assets reached $612.36M.
NREEX Growth of $100
What $100 invested in Neuberger Berman Real Estate Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Real Estate category average over the same months.
| Period | NREEX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $111 | $113 |
| 3 years (Jun 2023 – May 2026) | $136 | $136 |
| Since data start (Jan 2022 – May 2026) | $98 | $103 |
NREEX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +13.31% |
| 1 year | +11.41% |
| 3 years (annualised) | +10.86% |
NREEX Annual Returns
Calendar-year total returns of Neuberger Berman Real Estate Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +13.31% |
| 2025 | −1.17% |
| 2024 | +6.03% |
| 2023 | +12.78% |
| 2022 | −26.49% |
NREEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.1% | +8.0% | −5.7% | +9.7% | −0.7% | — | — | — | — | — | — | — |
| 2025 | +1.1% | +3.8% | −2.8% | −2.1% | +0.7% | 0.0% | −1.9% | +2.9% | −0.1% | −1.9% | +1.8% | −2.4% |
| 2024 | −5.5% | +1.2% | +1.4% | −7.8% | +5.5% | +2.7% | +7.3% | +6.6% | +3.7% | −3.1% | +3.2% | −7.6% |
| 2023 | +9.7% | −5.6% | −1.1% | +0.8% | −4.9% | +5.2% | +1.3% | −3.2% | −6.5% | −3.0% | +12.0% | +9.4% |
| 2022 | −8.0% | −4.8% | +7.0% | −3.4% | −5.1% | −6.9% | +8.4% | −5.5% | −12.7% | +1.8% | +6.1% | −4.9% |
NREEX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 17.13%
- 3-year Sharpe ratio: 0.37 (vs 4.5% risk-free rate)
- Best month: +12.03% (Nov 2023)
- Worst month: −7.80% (Apr 2024)
NREEX Fund Flows
Monthly money in and out of Neuberger Berman Real Estate Fund, from SEC Form N-PORT.
- 12-month net flow: −$128.8M
- 12-month gross sales (incl. reinvestments): $125.0M
- Sales ÷ redemptions: 0.49×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $5.8M | $16.3M | −$10.5M |
| Apr 2026 | $7.2M | $60.8M | −$53.6M |
| Mar 2026 | $9.7M | $17.0M | −$7.4M |
| Feb 2026 | $9.0M | $19.3M | −$10.3M |
| Jan 2026 | $16.3M | $19.3M | −$3.0M |
| Dec 2025 | $11.9M | $25.2M | −$13.3M |
| Nov 2025 | $8.1M | $15.1M | −$7.0M |
| Oct 2025 | $9.4M | $21.9M | −$12.5M |
| Sep 2025 | $11.7M | $11.9M | −$165K |
| Aug 2025 | $8.6M | $14.6M | −$6.0M |
| Jul 2025 | $9.9M | $16.2M | −$6.3M |
| Jun 2025 | $17.4M | $16.2M | $1.2M |
NREEX Assets Under Management
Net assets of Neuberger Berman Real Estate Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $612.36M |
| 2026-02-28 | $672.21M |
| 2025-11-30 | $654.74M |
| 2025-08-31 | $680.83M |
| 2025-05-31 | $691.67M |
| 2025-02-28 | $744.98M |
| 2024-11-30 | $790.84M |
| 2024-08-31 | $776.95M |
| 2024-05-31 | $688.11M |
| 2024-02-29 | $717.61M |
| 2023-11-30 | $733.33M |
| 2023-08-31 | $791.92M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.