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Trending ETFs

Nuveen Real Estate Securities Fund

mutual fund
FREAX
Payout Change
Pending
Price as of:
$14.65 +0.23 +1.6%
primary theme
Real Estate Sector Equity
share class
A (FREAX) C (FRLCX) R6 (FREGX) I (FARCX)
FREAX (Mutual Fund)

Nuveen Real Estate Securities Fund

Payout Change
Pending
Price as of:
$14.65 +0.23 +1.6%
primary theme
Real Estate Sector Equity
share class
A (FREAX) C (FRLCX) R6 (FREGX) I (FARCX)
FREAX (Mutual Fund)

Nuveen Real Estate Securities Fund

Payout Change
Pending
Price as of:
$14.65 +0.23 +1.6%
primary theme
Real Estate Sector Equity
share class
A (FREAX) C (FRLCX) R6 (FREGX) I (FARCX)

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuveen Real Estate Securities Fund

FREAX | Fund

$14.65

$937 M

2.47%

$0.36

1.22%

Vitals

YTD Return

5.0%

1 yr return

6.1%

3 Yr Avg Return

-3.0%

5 Yr Avg Return

3.3%

Net Assets

$937 M

Holdings in Top 10

47.4%

52 WEEK LOW AND HIGH

$14.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.22%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 101.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$3,000

IRA

$2,500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuveen Real Estate Securities Fund

FREAX | Fund

$14.65

$937 M

2.47%

$0.36

1.22%

FREAX - Profile

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return -3.0%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.05%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Nuveen Real Estate Securities Fund
  • Fund Family Name
    Nuveen Funds
  • Inception Date
    Sep 29, 1995
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jay Rosenberg

Fund Description

Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in income-producing common stocks of publicly traded companies engaged in the real estate industry. These companies derive at least 50% of their revenues or profits from the ownership, construction, management, financing or sale of real estate, or have at least 50% of the fair market value of their assets invested in real estate.
The Fund’s sub-adviser will select companies that it believes exhibit strong management teams, a strong competitive position, above average growth in revenues and a sound balance sheet. These companies may be of any market capitalization, including small- and mid-capitalization companies. The sub-adviser will generally sell a stock if the stock hits its price target, the company’s fundamentals or competitive position significantly deteriorate, or if a better alternative exists in the marketplace.
A majority of the Fund’s total assets will be invested in real estate investment trusts (“REITs”). REITs are publicly traded corporations or trusts that invest in residential or commercial real estate. REITs generally can be divided into the following three types:
·Equity REITs, which invest the majority of their assets directly in real property and derive their income primarily from rents and capital gains or real estate appreciation.
·Mortgage REITs, which invest the majority of their assets in real estate mortgage loans and derive their income primarily from interest payments.
·Hybrid REITs, which combine the characteristics of equity REITs and mortgage REITs.
The Fund expects to emphasize investments in equity REITs, although it may invest in all three kinds of REITs.
The Fund may invest up to 15% of its total assets in non-dollar denominated equity securities of non-U.S. issuers. In addition, the Fund may invest up to 25% of its assets, collectively, in non-dollar denominated equity securities of non-U.S. issuers and in dollar-denominated equity securities of non-U.S. issuers that are either listed on a U.S. stock exchange or represented by depositary receipts that may or may not be sponsored by a domestic bank. Up to 15% of the Fund’s total assets may be invested in equity securities of emerging market issuers.
The Fund may utilize derivatives, including options, futures contracts, options on futures contracts, and forward foreign currency exchange contracts. The Fund may use these derivatives to manage market or business risk, enhance the Fund’s return, or hedge against adverse movements in currency exchange rates.
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FREAX - Performance

Return Ranking - Trailing

Period FREAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -15.3% 14.0% 33.19%
1 Yr 6.1% -12.9% 16.1% 48.74%
3 Yr -3.0%* -13.6% 11.7% 51.69%
5 Yr 3.3%* -12.6% 12.1% 53.60%
10 Yr 4.7%* -2.4% 13.4% 56.88%

* Annualized

Return Ranking - Calendar

Period FREAX Return Category Return Low Category Return High Rank in Category (%)
2023 7.7% -16.2% 24.6% 54.85%
2022 -37.6% -51.3% 2.5% 84.32%
2021 21.5% -7.7% 52.3% 77.02%
2020 -9.0% -42.2% 35.0% 56.31%
2019 12.1% 0.0% 43.1% 76.28%

Total Return Ranking - Trailing

Period FREAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -15.3% 14.0% 33.19%
1 Yr 6.1% -12.9% 16.1% 48.74%
3 Yr -3.0%* -13.6% 11.7% 51.69%
5 Yr 3.3%* -12.6% 12.1% 53.60%
10 Yr 4.7%* -2.4% 13.4% 56.88%

* Annualized

Total Return Ranking - Calendar

Period FREAX Return Category Return Low Category Return High Rank in Category (%)
2023 11.2% -13.7% 25.0% 58.23%
2022 -24.9% -40.7% 7.8% 27.54%
2021 41.0% 7.8% 54.6% 50.64%
2020 -6.4% -36.6% 44.3% 66.67%
2019 25.2% 4.1% 46.4% 66.51%

NAV & Total Return History

FREAX - Holdings

Concentration Analysis

FREAX Category Low Category High FREAX % Rank
Net Assets 937 M 2.26 M 70.8 B 30.74%
Number of Holdings 57 22 548 26.05%
Net Assets in Top 10 531 M 1.29 M 32.8 B 29.83%
Weighting of Top 10 47.37% 13.2% 82.2% 81.51%

Top 10 Holdings

  1. Prologis Inc 7.87%
  2. Equinix Inc 7.00%
  3. Welltower Inc 5.79%
  4. Digital Realty Trust Inc 4.91%
  5. American Tower Corp 4.30%
  6. Public Storage 4.23%
  7. AvalonBay Communities Inc 3.59%
  8. Ventas Inc 3.49%
  9. Realty Income Corp 3.27%
  10. Invitation Homes Inc 2.92%

Asset Allocation

Weighting Return Low Return High FREAX % Rank
Stocks 		99.40% 0.00% 100.25% 26.47%
Other 		0.99% -82.45% 106.21% 13.87%
Preferred Stocks 		0.00% 0.00% 31.13% 22.69%
Convertible Bonds 		0.00% 0.00% 10.95% 12.24%
Cash 		0.00% -42.50% 24.34% 98.32%
Bonds 		0.00% 0.00% 149.68% 20.17%

Stock Sector Breakdown

Weighting Return Low Return High FREAX % Rank
Real Estate 		99.41% 34.46% 100.00% 45.58%
Consumer Cyclical 		0.59% 0.00% 45.29% 30.09%
Utilities 		0.00% 0.00% 3.55% 9.29%
Technology 		0.00% 0.00% 12.02% 26.55%
Industrials 		0.00% 0.00% 7.39% 15.04%
Healthcare 		0.00% 0.00% 0.53% 10.62%
Financial Services 		0.00% 0.00% 37.05% 20.35%
Energy 		0.00% 0.00% 33.11% 10.18%
Communication Services 		0.00% 0.00% 11.61% 18.58%
Consumer Defense 		0.00% 0.00% 0.93% 7.52%
Basic Materials 		0.00% 0.00% 13.69% 14.16%

Stock Geographic Breakdown

Weighting Return Low Return High FREAX % Rank
US 		99.40% 0.00% 100.25% 20.17%
Non US 		0.00% 0.00% 37.90% 18.07%

FREAX - Expenses

Operational Fees

FREAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.07% 8.91% 48.09%
Management Fee 0.78% 0.00% 1.50% 60.08%
12b-1 Fee 0.25% 0.00% 1.00% 31.90%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

FREAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 3.00% 5.75% 2.38%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FREAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FREAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 101.00% 0.11% 380.00% 82.88%

FREAX - Distributions

Dividend Yield Analysis

FREAX Category Low Category High FREAX % Rank
Dividend Yield 2.47% 0.00% 13.03% 27.73%

Dividend Distribution Analysis

FREAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Quarterly

Net Income Ratio Analysis

FREAX Category Low Category High FREAX % Rank
Net Income Ratio 1.05% -1.14% 6.05% 48.51%

Capital Gain Distribution Analysis

FREAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Annually Semi-Annually

Distributions History

View More +

FREAX - Fund Manager Analysis

Managers

Jay Rosenberg

Start Date

Tenure

Tenure Rank

May 30, 2005

17.01

17.0%

Jay L. Rosenberg entered the financial services industry in 1995. He has been a Managing Director and Lead Portfolio Manager of the Real Estate Securities and Global Infrastructure at Nuveen Asset Management since joining the firm in 2011. He has been Lead Portfolio Manager of the Real Asset Income strategy since September 2011, and in May 2014 he was named Head of Investments for Real Assets. Jay graduated from the University of Wisconsin–Madison, where he received a B.S. He received a master’s degree in urban planning and public policy from the University of Illinois–Chicago.

Scott Sedlak

Start Date

Tenure

Tenure Rank

Mar 21, 2011

11.2

11.2%

Scott C. Sedlak entered the financial services industry in 2000. He joined Nuveen Asset Management in 2011 as Vice President and Senior Research Analyst. He was named Co-Portfolio Manager of the Real Estate Securities strategy in March 2011 and Senior Vice President in March 2012. Scott earned a B.S. in business administration – finance from Truman State University. He is a member ofthe National Association of Real Estate InvestmentTrusts (NAREIT).

Sarah Wade

Start Date

Tenure

Tenure Rank

Jun 15, 2017

4.96

5.0%

Sarah J. Wade entered the financial services industry in 1997. She joined Nuveen Asset Management in 2011 as Vice President and Senior Research Analyst. She was named Senior Vice President in 2014

Benjamin Kerl

Start Date

Tenure

Tenure Rank

Apr 30, 2021

1.08

1.1%

Ben is a portfolio manager for Nuveen’s Global Real Estate Securities strategy and Real Estate Securities strategy, as well as head of real estate investments for the Real Assets investment team at Nuveen. He specializes in real estate equities in the U.K., Europe and Canada. From 2012 through 2017, Ben also covered the multi-family and healthcare sectors for the firm’s Real Estate Securities strategy. Ben began working in the investment industry in 2012 when he joined the firm. Before joining the firm, he worked for eight years in the real estate and renewable energy industries. Most recently, Ben was an independent consultant providing project development services to national and international wind energy developers. He started his career as a real estate development manager at Lander Group, where he managed infill multifamily and commercial projects from 2005 to 2007. Ben graduated with a bachelor of commerce degree from McGill University in Montreal, Quebec.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.32 16.42

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