TRGRX Fees and Costs — T. Rowe Price Global Real Estate Fund, Inc.
Data updated: 2026-08-27
The net expense ratio is 0.95%: a 0.68% management fee plus 1.00% other expenses, less a 0.73% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $40K in broker commissions, 0.0599% of average net assets, and portfolio turnover was 48%.
TRGRX Fees and Expenses
Annual operating expenses and sales charges of TRGRX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.00% |
| Gross expense ratio | 1.68% |
| Fee waiver | −0.73% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TRGRX Costs Over Time
On $10,000 invested in TRGRX, assuming 5% a year before costs, total costs come to $632 over 5 years, cutting the return by 1.06% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $347 | $632 |
| Value after costs | $10,394 | $11,229 | $12,131 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
TRGRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0599%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $498K
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $669K
- Net income from securities lending: $793 (0.001% of average net assets)
TRGRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $8K | 29.61% |
| JEFFERIES LLC | $3K | 11.14% |
| Citigroup Inc. | $3K | 9.98% |
| GOLDMAN SACHS & CO. LLC | $2K | 8.84% |
| WELLS FARGO SECURITIES, LLC | $2K | 8.52% |
| EVERCORE GROUP L.L.C. | $2K | 7.88% |
| J.P. MORGAN SECURITIES LLC | $2K | 6.20% |
| CLSA AMERICAS, LLC | $2K | 6.10% |
| BARCLAYS CAPITAL INC. | $2K | 5.93% |
| RBC Capital Markets, LLC | $2K | 5.81% |
TRGRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $125K | 26.68% |
| WELLS FARGO SECURITIES, LLC | $79K | 16.96% |
| KEYBANC CAPITAL MARKETS INC. | $58K | 12.34% |
| BMO Capital Markets Corp. | $50K | 10.79% |
| MORGAN STANLEY & CO. LLC | $47K | 10.01% |
| RBC Capital Markets, LLC | $45K | 9.72% |
| Truist Securities, Inc. | $25K | 5.40% |
| Robert W. Baird & Co. Incorporated | $14K | 3.08% |
| STIFEL NICOLAUS EUROPE LIMITED | $14K | 3.08% |
| NATIONAL BANK OF CANADA | $9K | 1.93% |
T. Rowe Price Global Real Estate Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TIRGX | I Class | 0.73% | — |
| TRGRX | T. Rowe Price Global Real Estate Fund, Inc. | 0.95% | — |
| PAGEX | Advisor Class | 1.15% | — |
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.