Real Estate Securities Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Real Estate Securities Fund held 43 positions with $6.74B in net assets. Its ten largest holdings made up 58.9% of the fund. The PRERX share class costs 1.37% a year. Over the 12 months to May 2026, PRERX returned 10.0%, with dividends reinvested. In 2026 Q3 it added 4 new positions and exited 3.
The Fund seeks to generate a total return.
The fund invests at least 80% of its net assets in equity securities of companies principally engaged in the real estate industry, including REITs, real estate-holding companies, and businesses providing real estate-related products or services such as building supplies and mortgage lending. The fund concentrates its holdings in real estate securities, investing more than 25% of assets in the sector, and is non-diversified, meaning it can hold a higher percentage of assets in individual issuers than a diversified fund, so changes in a single investment may cause greater fluctuations in share price.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
EQIXEquinix Inc | 10.45% | $704.05M | 650.2K | $1,082.83 |
WELLWelltower Inc | 9.56% | $644.10M | 3.0M | $217.34 |
7.86% | $529.75M | 2.9M | $182.71 | |
VTRVentas Inc | 6.97% | $469.40M | 5.3M | $87.86 |
PLDPrologis Inc | 5.99% | $403.93M | 2.8M | $142.02 |
4.40% | $296.81M | 2.1M | $143.33 | |
3.72% | $250.54M | 1.2M | $200.94 | |
3.52% | $237.50M | 1.3M | $183.00 | |
3.40% | $228.83M | 2.9M | $77.85 | |
3.03% | $204.19M | 1.6M | $125.99 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 43 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.60% |
| Cash & short-term | 0.46% |
By sector
- Real Estate
- 97.0%
- Consumer Discretionary
- 1.8%
- Information Technology
- 0.9%
- Cash
- 0.3%
How it has done
PRERX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.91%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 9 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| 1.37% | +10.03% | +33.28% | +18.78% | -12.13% | |
| 1.06% | +10.40% | +34.59% | +20.70% | -12.02% | |
| — | — | — | — | — | |
| 0.86% | +10.58% | +35.31% | +21.80% | -12.02% | |
| 1.09% | +10.33% | +34.40% | +20.40% | -12.06% | |
| 1.19% | +10.27% | +33.98% | +19.79% | -12.06% | |
| 2.07% | +9.21% | +30.48% | +14.78% | -12.28% | |
| 0.81% | +10.61% | +35.48% | +22.11% | -11.97% |
Fees & fund details
Real Estate Securities Fund is an actively managed U.S. equity fund. 30% of PRERX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.81% – 2.07%· PRERX 1.37%
- Portfolio turnover
- 18.50% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
4 new
3 exited
Understand how this fund fits with the rest.
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