PREPX Performance — Real Estate Securities Fund, Class R-5
Data updated: 2026-09-25
PREPX returned +16.24% year to date and +16.35% over one year to Jul 2026. Annualised returns are +9.10% over 3 years and +2.86% over 5 years. The fund trailed its Real Estate category average: $100 invested three years ago grew to $130, against $132 for the category, and to $116 over one year, against $118. Volatility over the past three years was 15.54% a year. In the 12 months to Jul 2026 the fund took in a net $50.8M, and assets reached $7.03B.
PREPX Growth of $100
What $100 invested in Real Estate Securities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Real Estate category average over the same months.
| Period | PREPX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $116 | $118 |
| 3 years (Aug 2023 – Jul 2026) | $130 | $132 |
| 5 years (Aug 2021 – Jul 2026) | $115 | $117 |
| Since data start (Aug 2019 – Jul 2026) | $150 | $152 |
PREPX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +16.24% |
| 1 year | +16.35% |
| 3 years (annualised) | +9.10% |
| 5 years (annualised) | +2.86% |
PREPX Annual Returns
Calendar-year total returns of Real Estate Securities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +16.24% |
| 2025 | +1.03% |
| 2024 | +5.26% |
| 2023 | +13.08% |
| 2022 | −25.32% |
| 2021 | +39.41% |
| 2020 | −3.37% |
| 2019 (Aug–Dec) | +6.68% |
PREPX 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% | +6.9% | −5.5% | +8.9% | −0.2% | +1.3% | +2.3% | — | — | — | — | — |
| 2025 | +0.9% | +4.8% | −2.0% | −0.9% | +0.1% | −0.1% | −1.6% | +2.6% | −0.1% | −1.8% | +2.2% | −2.8% |
| 2024 | −4.7% | +1.5% | +1.4% | −7.5% | +6.2% | +2.0% | +6.7% | +5.4% | +2.4% | −3.2% | +3.2% | −7.1% |
| 2023 | +10.6% | −4.4% | −2.4% | +1.3% | −4.0% | +4.8% | +2.4% | −3.1% | −5.9% | −3.5% | +10.0% | +8.5% |
| 2022 | −7.1% | −4.0% | +6.2% | −3.9% | −5.7% | −7.0% | +9.0% | −5.7% | −11.1% | +2.4% | +5.2% | −5.0% |
| 2021 | −0.6% | +2.4% | +5.1% | +7.7% | +1.1% | +2.9% | +5.5% | +1.7% | −5.4% | +7.1% | −1.5% | +8.6% |
| 2020 | +2.0% | −7.8% | −17.9% | +7.9% | +1.5% | +2.1% | +5.8% | +0.1% | −3.1% | −2.8% | +9.1% | +2.8% |
| 2019 | — | — | — | — | — | — | — | +4.0% | +2.1% | +2.3% | −0.6% | −1.1% |
PREPX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.54%
- 3-year Sharpe ratio: 0.30 (vs 4.5% risk-free rate)
- Best month: +10.03% (Nov 2023)
- Worst month: −7.50% (Apr 2024)
PREPX Fund Flows
Monthly money in and out of Real Estate Securities Fund, from SEC Form N-PORT.
- 12-month net flow: $50.8M
- 12-month gross sales (incl. reinvestments): $1.7B
- Sales ÷ redemptions: 1.03×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $78.8M | $122.1M | −$43.4M |
| Jun 2026 | $110.6M | $109.8M | $790K |
| May 2026 | $227.7M | $97.8M | $129.9M |
| Apr 2026 | $83.2M | $265.5M | −$182.3M |
| Mar 2026 | $423.2M | $221.6M | $201.6M |
| Feb 2026 | $79.3M | $128.3M | −$49.0M |
| Jan 2026 | $118.4M | $178.3M | −$59.9M |
| Dec 2025 | $135.7M | $127.5M | $8.1M |
| Nov 2025 | $88.9M | $96.1M | −$7.2M |
| Oct 2025 | $115.1M | $122.1M | −$7.0M |
| Sep 2025 | $169.4M | $122.8M | $46.6M |
| Aug 2025 | $115.2M | $102.7M | $12.5M |
PREPX Assets Under Management
Net assets of Real Estate Securities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $7.03B |
| 2026-04-30 | $6.74B |
| 2026-01-31 | $6.18B |
| 2025-10-31 | $6.18B |
| 2025-07-31 | $6.13B |
| 2025-04-30 | $6.28B |
| 2025-01-31 | $6.32B |
| 2024-10-31 | $6.62B |
| 2024-07-31 | $6.31B |
| 2024-04-30 | $5.49B |
| 2024-01-31 | $5.79B |
| 2023-10-31 | $5.16B |
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.