Nuveen Real Estate Securities Fund (FREAX)
The investment aim of Nuveen Real Estate Securities Fund is to achieve above average current income and long-term capital appreciation. The fund utilizes its assets to purchase income-producing common stocks of publicly traded companies engaged in the real estate industry. It expects to emphasize investments in equity REITs, although it may invest in all 3 kinds of REITs. It may invest in non-dollar denominated equity securities of foreign issuers, including emerging market issuers. It is non-diversified.
Fund Profile
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| FREAX fund profile |
- Fund Inception Date: September 28, 1995
- Ticker Symbol: FREAX
- CUSIP: 670678705
- Beta (3yr): 0.83
- Rank in category (YTD): 39%
- Category: Real Estate
- Distribution: 1.76%
- Capital Gains: 0%
- Expense Ratio: 1.26%
- Net Assets: $ 4.8 billion
- Number of Years Up: 13 years
- Number of Years Down: 4 years
- Annual Turnover Rate: 76%
Morningstar analysts rank this FREAX fund with Bronze rating. The fund managers are John Wenker (since 1999), Jay Rosenberg (since 2005) and Scott Sedlak (Since 2011). It has total net assets of $4.8 billion. Investors of this fund receive a dividend yield of 1.76%. The recent dividend received was given in March 2013 ($0.11). It also has 1.26% annual expense ratio.
More: Best Performing Real Estate Mutual Funds 2012
This Nuveen mutual fund has a 3-year beta risk of 0.83. It has a year-to-date return of 10.43% as of April 18, 2013. The fund uses MSCI US REIT Index as its benchmark. The fund has 13 years of positive returns. The best 1 year total return was achieved in 2006 with 39.13%. The worst return was occurred in 2008 with -34.96%.
This real estate fund is available in other classes, such as Class B (FREBX), Class C (FRLCX), Class R3 (FRSSX) and Institutional Class (FARCX). It requires a minimum of $3,000 as the initial investment for brokerage account. The minimum next investment is $100. This FREAX fund can be purchased from 121 brokerages, such as UBS Financial Services Inc, TD Ameritrade Inc, E Trade Financial, Nationwide Retirement Innovator, Raymond James,etc.
As of March 2013, this fund has 110 total holdings. The top 10 stocks in its holdings are Simon Property Group Inc (10.8%), Public Storage Inc (5.4%), Boston Properties Inc (4.9%), Health Care Property Investors Inc (4.5%), Ventas Inc (4.0%), Equity Residential Properties TR (2.7%), Avalonbay Communities Inc (2.7%), Prologic Inc (2.7%), National Retail Properties (2.6%) and American Campus Communities (2.3%).
The principal risks of investing in this fund include derivatives risk, equity security risk, non-diversification risk, non-U.S./ Emerging Markets risk, real estate investment risk and smaller company risk.
Disclosure: No Position
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