Investment objective & strategy
As of April 18, 2024 · prospectusObjective. The investment objective of the Portfolio is to seek to maximize total return through investment in real estate securities.
Strategy. In pursuing its investment objective, the Portfolio normally invests at least 80% of its assets (net assets plus any borrowings made for investment purposes) in securities of real estate related issuers. The Portfolio pursues its investment objective of maximizing total return by seeking, with approximately equal emphasis, capital growth and current income. Generally, the equity securities of real estate related issuers will consist of common stocks (including shares in real estate investment trusts), rights or warrants to purchase common stocks, securities convertible into common stocks where the conversion feature represents, in the Portfolios subadviser's view, a significant element of the securities' value, and preferred stocks. Real estate related issuers include companies that derive at least 50% of revenues from the … In pursuing its investment objective, the Portfolio normally invests at least 80% of its assets (net assets plus any borrowings made for investment purposes) in securities of real estate related issuers. The Portfolio pursues its investment objective of maximizing total return by seeking, with approximately equal emphasis, capital growth and current income. Generally, the equity securities of real estate related issuers will consist of common stocks (including shares in real estate investment trusts), rights or warrants to purchase common stocks, securities convertible into common stocks where the conversion feature represents, in the Portfolios subadviser's view, a significant element of the securities' value, and preferred stocks. Real estate related issuers include companies that derive at least 50% of revenues from the ownership, construction, financing, management or sale of real estate or that have at least 50% of assets in real estate. The Portfolio will concentrate its investments (i.e., invest at least 25% of its assets under normal circumstances) in securities of companies engaged in the real estate business. The Portfolio is non-diversified, which means that it can invest a greater percentage of its assets in the securities of fewer companies.
Top holdings
As of Dec. 31, 2024 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| AMERICAN TOWER CORP | — | $44.57M | 9.49% |
| WELLTOWER INC | — | $44.47M | 9.47% |
| DIGITAL REALTY TRUST INC | — | $35.63M | 7.58% |
| PROLOGIS INC REIT | — | $30.47M | 6.49% |
| SIMON PROPERTY | — | $29.65M | 6.31% |
| PGIM Institutional Money Market Fund - D | — | $26.73M | 5.69% |
| EQUINIX INC | — | $24.74M | 5.27% |
| CROWN CASTLE INC | — | $22.69M | 4.83% |
| SUN COMMUNITIES INC - REIT | — | $20.04M | 4.27% |
| WEYERHAEUSER CO | — | $17.28M | 3.68% |
Portfolio moves
Sep 30, 2024 → Dec 31, 2024How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| U.S. Focus Real Estate Portfolio | 53% | 0.70% |
| Guggenheim Risk Managed Real Estate Fund · GURAX, GURCX, GURIX, GURPX | 53% | 1.29% |
| US Real Estate Portfolio | 51% | 0.80% |
Advisers
| Firm | Role |
|---|---|
| PGIM INVESTMENTS LLC | Adviser |
| Cohen & Steers Capital Management, Inc. | Sub-adviser |
| AST Investment Services, Inc. | Adviser |
Footnotes
- Net assets and holdings count as of December 31, 2024, from the fund's N-PORT filing.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.