Neuberger Real Estate Fund Trust Class (NBRFX)

Fund Assets	522.93M
Expense Ratio	1.441%
Min. Investment	$1,000
Turnover	57.00%
Dividend (ttm)	0.25
Dividend Yield	1.68%
Dividend Growth	-6.41%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 22, 2026

Previous Close	15.09
YTD Return	13.71%
1-Year Return	11.55%
5-Year Return	5.13%
52-Week Low	13.24
52-Week High	15.76
Beta (5Y)	0.96
Holdings	35
Inception Date	May 1, 2002

About NBRFX

The Neuberger Berman Real Estate Fund is a mutual fund that invests primarily in real estate securities, with a strategic focus on both capital appreciation and current income. Its core mandate is to build a diversified portfolio of equity securities issued by real estate investment trusts, as well as common stocks and other securities from companies heavily engaged in real estate activities. To qualify, these companies must derive at least half their revenues from real estate or have at least half of their assets in real estate. The fund may also allocate up to 20% of its net assets to debt securities of real estate companies, including investment grade and select below investment grade bonds. With a disciplined, research-driven approach, the portfolio managers—who have worked together for over two decades—actively select and rotate investments across various property sectors and geographic regions based on economic fundamentals and proprietary analysis. The Neuberger Berman Real Estate Fund is recognized for its tactical portfolio construction, experienced management team, and its role as a core real estate investment option for those seeking to diversify away from traditional equity and fixed income assets.

• Fund Family: Neuberger Berman Group LLC
• Category: Real Estate
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: NBRFX
• Share Class: Trust Class
• Index: FTSE NAREIT All Equity REITS TR

Performance

NBRFX had a total return of 11.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.57%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
NREEX	Class E Shares	0.08%
NRREX	Class R6	0.75%
NBRIX	Institutional Class	0.85%
NREAX	Class A	1.21%

Top 10 Holdings

59.03% of assets

Name	Symbol	Weight
Welltower Inc.	WELL	12.78%
Prologis, Inc.	PLD	9.25%
Equinix, Inc.	EQIX	8.14%
American Tower Corporation	AMT	6.46%
Simon Property Group, Inc.	SPG	5.24%
Digital Realty Trust, Inc.	DLR	4.64%
Vivmark Residential	VMRK	4.02%
EastGroup Properties, Inc.	EGP	3.00%
Extra Space Storage Inc.	EXR	2.82%
SBA Communications Corporation	SBAC	2.68%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 22, 2026	$0.0616	Sep 23, 2026
Jun 22, 2026	$0.0694	Jun 23, 2026
Mar 23, 2026	$0.0623	Mar 24, 2026
Dec 16, 2025	$0.0595	Dec 17, 2025
Sep 23, 2025	$0.0567	Sep 24, 2025
Jun 23, 2025	$0.0913	Jun 24, 2025

Data Sources: Tiingo and Finnhub

Historical data is provided by Tiingo. Several fund data points are also provided by Finnhub.

Last checked:

Nov 14, 2026

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