PACE Global Real Estate Securities Investments Class A (PREAX)
| Fund Assets | 54.62M |
| Expense Ratio | 1.45% |
| Min. Investment | $1,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.11 |
| Dividend Yield | 1.52% |
| Dividend Growth | 32.68% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 16, 2024 |
| Previous Close | 6.70 |
| YTD Return | 2.61% |
| 1-Year Return | -0.77% |
| 5-Year Return | 22.91% |
| 52-Week Low | 5.74 |
| 52-Week High | 7.47 |
| Beta (5Y) | n/a |
| Holdings | 51 |
| Inception Date | Dec 18, 2006 |
About PREAX
PACE Global Real Estate Securities Investments Class A is a mutual fund that focuses on achieving total return through investments in real estate securities on a global scale. Its primary holdings consist of real estate investment trusts (REITs) and related real estate companies, with at least 80% of its assets typically allocated to these types of securities. The fund employs a diversified approach by investing across various geographic regions, including both U.S. and international markets, and targets companies involved in a wide spectrum of real estate activities, such as commercial, industrial, and residential properties. This fund is categorized within the global real estate sector, giving investors exposure to worldwide property markets through professional management. It is structured to balance investments across large, medium, and small capitalization companies, providing a blend of growth and income opportunities with a focus on capital appreciation and preservation. Its role in the financial market is to serve as a specialized vehicle for those seeking diversification and potential risk mitigation through exposure to global real estate, making it suitable as a component in broader asset allocation strategies.
Performance
PREAX had a total return of -0.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.78%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIKKX | Fidelity | Fidelity Advisor Global Real Estate Fund | 0.80% |
| FWRTX | Fidelity | Fidelity Advisor Global Real Estate Fund - Class M | 1.45% |
| FWRIX | Fidelity | Fidelity Advisor Global Real Estate Fund - Class I | 0.95% |
| FWRAX | Fidelity | Fidelity Advisor Global Real Estate Fund - Class A | 1.20% |
| FWRCX | Fidelity | Fidelity Advisor Global Real Estate Fund - Class C | 1.95% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PREQX | Class P | 1.20% |
| PRPTX | Class P2 | 1.46% |
Top 10 Holdings
44.77% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street Global Advisors - State Street Navigator Securities Lending Government Money Market Portfolio | n/a | 8.52% |
| Prologis, Inc. | PLD | 7.46% |
| Equinix, Inc. | EQIX | 5.55% |
| Digital Realty Trust, Inc. | DLR | 3.84% |
| Goodman Group | GMG | 3.76% |
| Ventas, Inc. | VTR | 3.58% |
| Extra Space Storage Inc. | EXR | 3.20% |
| Mitsui Fudosan Co., Ltd. | 8801 | 3.06% |
| Simon Property Group, Inc. | SPG | 3.01% |
| Essex Property Trust, Inc. | ESS | 2.81% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2024 | $0.1076 | Dec 16, 2024 |
| Dec 15, 2023 | $0.0811 | Dec 15, 2023 |
| Dec 16, 2022 | $0.0411 | Dec 16, 2022 |
| Dec 17, 2021 | $0.2405 | Dec 17, 2021 |
| Dec 17, 2020 | $0.1668 | Dec 17, 2020 |
| Dec 18, 2019 | $0.3644 | Dec 18, 2019 |