PJEZX Performance — PGIM US Real Estate Fund, Class Z
Data updated: 2026-09-28
PJEZX returned +18.68% year to date and +20.95% over one year to Jun 2026. Annualised returns are +13.76% over 3 years and +6.50% over 5 years. The fund beat its Real Estate category average: $100 invested three years ago grew to $147, against $132 for the category, and to $121 over one year, against $115. Volatility over the past three years was 15.68% a year. In the 12 months to Jun 2026 the fund took in a net $185.1M, and assets reached $377.36M.
PJEZX Growth of $100
What $100 invested in PGIM US 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 | PJEZX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $121 | $115 |
| 3 years (Jul 2023 – Jun 2026) | $147 | $132 |
| 5 years (Jul 2021 – Jun 2026) | $137 | $119 |
| Since data start (Jul 2019 – Jun 2026) | $178 | $151 |
PJEZX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +18.68% |
| 1 year | +20.95% |
| 3 years (annualised) | +13.76% |
| 5 years (annualised) | +6.50% |
PJEZX Annual Returns
Calendar-year total returns of PGIM US Real Estate Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +18.68% |
| 2025 | +2.48% |
| 2024 | +13.10% |
| 2023 | +15.86% |
| 2022 | −27.27% |
| 2021 | +48.15% |
| 2020 | −4.86% |
| 2019 (Jul–Dec) | +8.92% |
PJEZX 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 | +2.9% | +8.2% | −5.0% | +8.9% | −0.6% | +3.5% | — | — | — | — | — | — |
| 2025 | +0.9% | +3.2% | −3.6% | −2.2% | +2.5% | −0.1% | −1.2% | +3.8% | +1.2% | −1.1% | +2.2% | −3.0% |
| 2024 | −3.4% | +3.1% | +2.3% | −6.8% | +4.7% | +2.5% | +6.3% | +6.5% | +3.4% | −2.3% | +4.8% | −7.5% |
| 2023 | +11.1% | −4.5% | −1.6% | +1.6% | −2.9% | +5.2% | +2.9% | −2.1% | −6.3% | −4.2% | +9.2% | +8.5% |
| 2022 | −6.9% | −3.2% | +6.6% | −4.8% | −7.6% | −7.9% | +8.9% | −5.9% | −13.1% | +2.8% | +7.7% | −5.1% |
| 2021 | −0.4% | +6.0% | +4.4% | +8.2% | +1.2% | +3.9% | +4.9% | +2.2% | −5.0% | +7.5% | −0.8% | +8.7% |
| 2020 | +3.0% | −8.2% | −18.8% | +6.3% | +2.5% | +2.5% | +5.9% | −0.7% | −3.2% | −1.7% | +7.2% | +3.4% |
| 2019 | — | — | — | — | — | — | +1.4% | +4.1% | +2.3% | +3.2% | −1.1% | −1.2% |
PJEZX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 15.68%
- 3-year Sharpe ratio: 0.59 (vs 4.5% risk-free rate)
- Best month: +9.15% (Nov 2023)
- Worst month: −7.48% (Dec 2024)
PJEZX Fund Flows
Monthly money in and out of PGIM US Real Estate Fund, from SEC Form N-PORT.
- 12-month net flow: $185.1M
- 12-month gross sales (incl. reinvestments): $270.7M
- Sales ÷ redemptions: 3.16×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $46.7M | $5.2M | $41.4M |
| May 2026 | $20.5M | $13.7M | $6.8M |
| Apr 2026 | $20.7M | $6.0M | $14.7M |
| Mar 2026 | $23.9M | $4.6M | $19.4M |
| Feb 2026 | $43.0M | $9.2M | $33.8M |
| Jan 2026 | $11.9M | $15.0M | −$3.1M |
| Dec 2025 | $7.3M | $9.5M | −$2.2M |
| Nov 2025 | $7.1M | $4.9M | $2.2M |
| Oct 2025 | $9.0M | $4.6M | $4.3M |
| Sep 2025 | $9.9M | $3.8M | $6.1M |
| Aug 2025 | $61.3M | $4.7M | $56.6M |
| Jul 2025 | $9.3M | $4.2M | $5.1M |
PJEZX Assets Under Management
Net assets of PGIM US Real Estate Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $377.36M |
| 2026-03-31 | $280.12M |
| 2025-12-31 | $219.74M |
| 2025-09-30 | $220.93M |
| 2025-06-30 | $146.10M |
| 2025-03-31 | $136.66M |
| 2024-12-31 | $126.16M |
| 2024-09-30 | $115.16M |
| 2024-06-28 | $120.03M |
| 2024-03-28 | $112.79M |
| 2023-12-29 | $97.30M |
| 2023-09-29 | $73.02M |
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.