NRETX — AEW Global Focused Real Estate Fund
Data updated: 2026-09-28
NRETX — AEW Global Focused Real Estate Fund. Global (incl. US) Real Estate · $36.23M AUM · 1.15% expense ratio. Holdings, fees, performance and SEC filings.
NRETX Fund Overview
NRETX — AEW Global Focused Real Estate Fund is a US mutual fund managed by Natixis Funds Trust IV, 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: Natixis Funds Trust IV
- Category: Global (incl. US) Real Estate
- Assets under management: $36.23M
- Ticker: NRETX
- SEC CIK: 0001095726
- SEC series ID: S000008059
- Share class ID: C000188576
NRETX Investment Objective and Strategy
AEW Global Focused Real Estate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Natixis Funds Trust IV.
Investment objective
The Fund seeks to provide investors with above-average income and long-term growth of capital.
Principal investment strategy
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in securities, including common stocks and preferred stocks, of real estate investment trusts (REITs) and/or real estate-related companies (e.g., real estate operating companies). REITs are generally dedicated to owning, and usually operating, income-producing real estate, or dedicated to financing real estate. The Fund primarily invests in equity REITs, which own or lease real estate and derive their income primarily from rental income. To qualify as a REIT, a company must distribute a significant percentage of its taxable income to shareholders in the form of dividends (at least 90% in the U.S.); this dividend payout ratio is higher than that of non-REIT companies.
Real estate-related companies are those companies whose principal activity involves the development, ownership, construction, management or sale of real estate; companies with significant real estate holdings; and companies that provide products or services related to the real estate industry. The Fund intends to meet its investment goal by investing primarily in a portfolio of securities of REITs and real estate companies, including those that are primarily focused on income-producing commercial property and real estate development. Companies in the real estate industry, including REITs and real estate operating companies in which the Fund may invest may have relatively small market capitalizations. The Fund invests in securities of issuers located in no fewer than three regions, North America, Europe and Asia Pacific.
Under normal circumstances, the Funds regional weightings will be +/- 10% of the regional weightings of the Funds benchmark, the FTSE EPRA Nareit Developed Index (Net). Although the Fund does not seek to track any particular index, the Fund will be diversified in terms of geographic and property type exposures, and the FTSE EPRA Nareit Developed Index (Net) may be used as a benchmark for the regional weighting of the Funds portfolio. The Fund may invest up to 10% of its assets in securities of companies located in emerging markets. For the purposes of determining whether a particular country is considered an emerging market, the Fund uses the designation set forth by the FTSE EPRA Nareit Emerging Index. The Fund typically holds 50 to 70 securities. AEW employs a value-oriented investment strategy designed to identify securities that are priced below what it believes is their intrinsic value.
AEW believes that ultimately the performance of real estate equity securities is dependent upon the underlying real estate assets and company management, as well as the overall influence of capital markets. When selecting investments for the Fund, AEW generally considers the following factors that it believes help to identify those companies whose shares represent the greatest value and price appreciation potential: Valuation: AEW has developed a proprietary model to assess the relative value of each stock in the Funds investment universe. These estimates are formulated by the investment teams in each region based on a detailed analysis of historical trends and expectations for the future for each companys financial statements. As a first step in its modeling process, AEW inputs projected financial information for each company.
After completion of preliminary pro forma statements, the assumptions utilized to create the pro forma statements are generally discussed with representatives from each company. This model is designed to estimate what an issuers anticipated cash flows are worth to a stock investor (a capital markets value) and to a direct real estate investor (a real estate value). The capital markets value and real estate value incorporate factors that AEW believes influence the valuation of the cash flows by these different types of investors. These factors are the quantification of a broad array of subjective characteristics that AEW believes are important in the relative valuation process for both sectors and individual stocks. The model helps AEW to identify stocks that it believes trade at discounts to either or both of these model values relative to similar stocks.
AEW will generally sell a security once it is considered overvalued or when AEW believes that there is greater relative value in other securities in the Funds investment universe. Price: AEW examines the historic pricing of each company in the Funds universe of potential investments. Those stocks that have underperformed in price, either in absolute terms or relative to the Funds investment universe in general, are typically of greater interest, provided AEW can identify and disagree with the sentiment that caused the underperformance. Catalysts: When evaluating a security, AEW also seeks to identify potential catalysts, such as changes in interest rates, regional and local economic conditions and other factors, that in its opinion, could cause the marketplace to re-value the security upwards in the near term.
These catalysts can be macro- economic (e.g. interest rate expectations), market-driven or company-specific (e.g. a companys development pipeline) in nature. ESG: AEW seeks to identify environmental, social, and governance (ESG) factors that it believes are most relevant to the long-term investment performance of real estate investments in the Funds investable universe. AEW incorporates insights from fundamental research and company meetings alongside third party data and ESG data sourced directly from the issuer into a proprietary ESG risk score, which is one of several inputs into AEWs securities valuation analysis. While AEW considers ESG factors in all buy and sell decisions for the Fund, the ESG profile of an investment will not be prioritized over other considerations in AEWs investment selection process.
The Fund may continue to invest in an issuer with a lower ESG score if AEW believes the investments valuation remains attractive as measured by other relevant factors.
NRETX Holdings
Top 10 holdings of AEW Global Focused Real Estate Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Welltower Inc | 11.65% |
| Prologis Inc | 6.38% |
| Equinix Inc | 5.13% |
| CubeSmart | 4.03% |
| Simon Property Group Inc | 3.98% |
| Digital Realty Trust Inc | 3.88% |
| AvalonBay Communities Inc | 3.70% |
| Highwoods Properties Inc | 3.39% |
| Essex Property Trust Inc | 3.29% |
| Brixmor Property Group Inc | 3.16% |
NRETX Portfolio Allocation
Asset-class allocation of AEW Global Focused Real Estate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 101.2% |
| Cash & Equivalents | 0.6% |
NRETX Performance
Total returns for NRETX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 13.8% |
| 1 year | 19.4% |
| 3 years (annualised) | 10.1% |
| 5 years (annualised) | 2.2% |
NRETX Risk Information
Risk metrics for NRETX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.6%
NRETX Costs and Fees
NRETX costs about $115 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.15%
- Gross expense ratio: 2.01%
- Portfolio turnover: 64%
- Brokerage commissions: 8.48 bps of average net assets (SEC N-CEN)
NRETX Cashflows
Over the 12 months to 2026-07, AEW Global Focused Real Estate Fund had net outflows of $2.84M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$608.43K |
| 2026-06 | $163.75K |
| 2026-05 | −$141.94K |
| 2026-04 | −$453.98K |
| 2026-03 | $246.24K |
| 2026-02 | −$599.58K |
NRETX Debt Constituents
No individual debt constituents are reported in AEW Global Focused Real Estate Fund's latest SEC N-PORT filing.
NRETX Prospectus and SEC Filings
Official AEW Global Focused Real Estate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-05-29
- Prospectus (485BPOS) — filed 2025-05-29
- Prospectus (485BPOS) — filed 2024-05-29
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-29
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Annual census (N-CEN) — filed 2026-04-16
- Annual census (N-CEN) — filed 2025-04-15
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.