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Critical Facts You Need to Know About Preferred Stocks
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PREDEX
mutual fund
PRDEX
Payout Change
Pending
Price as of:
$23.4
+0.01
+0.04%
primary theme
N/A
share class
PRDEX (Mutual Fund)
PREDEX
Payout Change
Pending
Price as of:
$23.4
+0.01
+0.04%
primary theme
N/A
share class
PRDEX (Mutual Fund)
PREDEX
Payout Change
Pending
Price as of:
$23.4
+0.01
+0.04%
primary theme
N/A
share class
Name
As of 09/06/2024Price
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
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$106 M
Holdings in Top 10
56.3%
52 WEEK LOW AND HIGH
$23.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.33%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 11.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 09/06/2024Price
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
PRDEX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.18%
- Dividend Yield 4.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePREDEX
-
Fund Family NamePREDEX
-
Inception DateJun 29, 2016
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Achterberg
Fund Description
PRDEX - Performance
Return Ranking - Trailing
| Period | PRDEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -10.9% | 21.9% | 96.56% |
| 1 Yr | N/A | -9.4% | 41.6% | 98.09% |
| 3 Yr | N/A* | -12.1% | 5.2% | 83.20% |
| 5 Yr | N/A* | -11.8% | 15.1% | 87.55% |
| 10 Yr | N/A* | -2.2% | 14.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | PRDEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -17.4% | -17.6% | 24.6% | 99.61% |
| 2022 | 2.6% | -51.3% | 2.7% | 0.78% |
| 2021 | 16.7% | -7.7% | 52.3% | 86.06% |
| 2020 | -3.8% | -42.2% | 35.0% | 13.03% |
| 2019 | -0.8% | -0.8% | 43.1% | 100.00% |
Total Return Ranking - Trailing
| Period | PRDEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -10.9% | 21.9% | 96.56% |
| 1 Yr | N/A | -9.4% | 41.6% | 98.09% |
| 3 Yr | N/A* | -12.1% | 5.2% | 83.20% |
| 5 Yr | N/A* | -11.8% | 15.1% | 87.55% |
| 10 Yr | N/A* | -2.2% | 14.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PRDEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -13.8% | -14.0% | 25.0% | 99.61% |
| 2022 | 7.1% | -40.7% | 7.8% | 1.17% |
| 2021 | 21.8% | 7.8% | 54.6% | 88.45% |
| 2020 | 0.4% | -36.6% | 44.3% | 10.50% |
| 2019 | 3.5% | 3.4% | 46.4% | 99.57% |
NAV & Total Return History
PRDEX - Holdings
Concentration Analysis
| PRDEX | Category Low | Category High | PRDEX % Rank | |
|---|---|---|---|---|
| Net Assets | 106 M | 1.39 M | 61.4 B | 75.20% |
| Number of Holdings | 25 | 22 | 519 | 98.06% |
| Net Assets in Top 10 | 59.7 M | 1.29 M | 32.8 B | 72.87% |
| Weighting of Top 10 | 56.34% | 13.2% | 90.0% | 49.61% |
Top 10 Holdings
- CBRE U.S. Core Partners, LP 6.80%
- Lion Industrial Trust 6.47%
- Sentinel Real Estate Fund, LP 5.66%
- Clarion Lion Properties Fund, LP 5.65%
- Prime Property Fund, LLC 5.47%
- US Government Building Fund 5.42%
- Smart Markets Fund, LP 5.39%
- AEW Core Property (U.S.), LP 5.24%
- BlackRock US Core Property Fund, LP 5.20%
- TA Realty Core Property Fund LP 5.05%
Asset Allocation
| Weighting | Return Low | Return High | PRDEX % Rank | |
|---|---|---|---|---|
| Other | 107.80% | -89.90% | 107.80% | 0.39% |
| Cash | 1.24% | -42.50% | 19.87% | 41.09% |
| Stocks | 0.00% | 0.00% | 105.52% | 98.84% |
| Preferred Stocks | 0.00% | 0.00% | 31.13% | 67.05% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 63.81% |
| Bonds | 0.00% | -3.17% | 155.83% | 65.12% |
PRDEX - Expenses
Operational Fees
| PRDEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.33% | 0.07% | 28.75% | 43.14% |
| Management Fee | 0.55% | 0.00% | 1.50% | 20.16% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | 1.35% |
Sales Fees
| PRDEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | 84.91% |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| PRDEX 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.
| PRDEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 11.00% | 0.11% | 380.00% | 11.72% |
PRDEX - Distributions
Dividend Yield Analysis
| PRDEX | Category Low | Category High | PRDEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.32% | 0.00% | 13.03% | 70.93% |
Dividend Distribution Analysis
| PRDEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| PRDEX | Category Low | Category High | PRDEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.18% | -1.14% | 6.05% | 40.00% |
Capital Gain Distribution Analysis
| PRDEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 05, 2024 | $0.253 | OrdinaryDividend |
| Mar 06, 2024 | $0.258 | OrdinaryDividend |
| Dec 06, 2023 | $0.276 | OrdinaryDividend |
| Sep 06, 2023 | $0.287 | OrdinaryDividend |
| Jun 07, 2023 | $0.302 | OrdinaryDividend |
| Mar 08, 2023 | $0.315 | OrdinaryDividend |
| Dec 07, 2022 | $0.333 | OrdinaryDividend |
| Sep 07, 2022 | $0.346 | OrdinaryDividend |
| Jun 08, 2022 | $0.343 | OrdinaryDividend |
| Mar 09, 2022 | $0.321 | OrdinaryDividend |
| Dec 22, 2021 | $0.308 | OrdinaryDividend |
| Sep 08, 2021 | $0.286 | OrdinaryDividend |
| Jun 09, 2021 | $0.275 | OrdinaryDividend |
| Mar 16, 2021 | $0.272 | OrdinaryDividend |
| Dec 22, 2020 | $0.269 | OrdinaryDividend |
| Sep 28, 2020 | $0.269 | OrdinaryDividend |
| Jun 26, 2020 | $0.272 | OrdinaryDividend |
| Mar 11, 2020 | $0.280 | OrdinaryDividend |
| Dec 11, 2019 | $0.275 | OrdinaryDividend |
| Sep 12, 2019 | $0.275 | OrdinaryDividend |
| Jun 11, 2019 | $0.276 | OrdinaryDividend |
| Mar 14, 2019 | $0.276 | OrdinaryDividend |
| Dec 13, 2018 | $0.277 | OrdinaryDividend |
| Sep 13, 2018 | $0.276 | OrdinaryDividend |
| Jun 28, 2018 | $0.276 | OrdinaryDividend |
| Mar 28, 2018 | $0.220 | OrdinaryDividend |
| Dec 22, 2017 | $0.210 | OrdinaryDividend |
| Sep 28, 2017 | $0.200 | OrdinaryDividend |
| Dec 15, 2016 | $0.114 | OrdinaryDividend |
| Dec 15, 2016 | $0.014 | CapitalGainLongTerm |
PRDEX - Fund Manager Analysis
Managers
Michael Achterberg
Start Date
Tenure
Tenure Rank
Jun 30, 2016
5.92
5.9%
Mr. Achterberg serves as President of PREDEX Capital Management, LLC, a position held since June 2018. He served as Chief Operating Officer of PREDEX Capital Management, LLC from March 2013 through May 2018. Mr. Achterberg has more than 25 years of experience in the fund management industry. He has extensive experience in fund management including due diligence, allocation of capital and general supervision for multi-manager funds.
J. Sanders
Start Date
Tenure
Tenure Rank
Jun 30, 2016
5.92
5.9%
Mr. Sanders serves as Chief Executive Officer and Chief Investment Officer of PREDEX Capital Management, a position he has held since the inception of the Adviser. Additionally, Mr. Sanders serves as Managing Principal of Mission Realty Advisors, LLC, a position held since he founded the company in February 2011. Mr. Sanders served as President of CNL Fund Advisors, Co., from 2004 to 2009 where he created and managed a global REIT mutual fund. He served from 2000 to 2004 as a Managing Director with AIG Global Real Estate Investment Corp. in New York, where he managed product development and capital formation for several international, opportunistic real estate funds for large institutional investors, investing in Europe, Asia and Mexico. From 1991 to 1996 Mr. Sanders served as Director of Real Estate for the Ameritech Pension Trust in Chicago. Subsequently he was Executive Managing Director for CB Richard Ellis Investors where he was involved in product development and placement with institutional investors. In 1972, Mr. Sanders co-founded a real estate investment and consulting firm, The Landsing Corporation, which sponsored finite-life REITs and private partnerships. It grew to employ over 200 professionals. After serving as an officer in the U.S. Navy for four years, Mr. Sanders began his business career at Alex Brown & Sons, the Baltimore based investment banking firm. Mr. Sanders served on the Boards of both the Pension Real Estate Association and the National Association of Real Estate Investment Trusts where he was co-chairman of its Institutional Investor Committee. He was a lecturer at Stanford Business School in 1985 where he taught a course entitled, "Essentials of Real Estate Investment and Development". He also published an article in the Real Estate Finance Journal, "An Updated Look at Asset Allocation: Private and Public Real Estate in a Multi-Asset Class Portfolio." Mr. Sanders received a BA from the University of Virginia and an MBA from Stanford Business School where he was later President of the Alumni Association.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 28.42 | 8.16 | 2.68 |
