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PGIM Global Select Real Estate Securities I Q USD I Distribution

ISIN: IE00BYM2RC22 | MEX: N/A | CITI: UG0O

  • Buy 126.04 GBX

  • Sell 126.04 GBX

  • Price Change -0.59070%

Income

Past Performance

  • 11th Oct 2019 to 11th Oct 2020-
  • 11th Oct 2020 to 11th Oct 202122.58%
  • 11th Oct 2021 to 11th Oct 2022-25.46%
  • 11th Oct 2022 to 11th Oct 20237.06%
  • 11th Oct 2023 to 11th Oct 202428.61%
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Objectives and Approach

The PGIM Global Select Real Estate Securities Fund (the “Fund”) aims to provide long term capital appreciation. The Fund seeks to achieve its objective through investments in equity and equity related securities of real estate companies located throughout the world. The Investment Manager takes a value-orientated approach to investing, based upon assessments of the fundamental value of real estate assets and of the performance and record of management teams of real estate companies. They also do analyse the quality of real estate asset cash flows and sustainability and growth of company dividends.

Key Information

Inception 7th Jul 2020
Historic Yield 0.0209%
Sector IA Property Other
Fund Size £260.945mn
Fund Type ICVC
Classification Income

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. 		0.84%
Initial Charge 0%
AMC 0.60%
Our Platform Charge
We charge a platform fee of 0.30%. Our charges are shown on our rates and charges sheet 		0.30%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here 		0.30%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available 		N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs 		0.84%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Performance

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      Current Comparators


      • Cumulative Performance

        1 month3 months6 months1 year3 years5 years
        -1.31% 10.55% 14.85% 28.61% 2.63% -

        Important Information
        Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

        The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.



      Composition

      View Fund Allocation by:

      TOP 10 HOLDINGS TOP 10 ASSETS TOP 10 SECTORS TOP 10 GEOGRAPHIES

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      1,330,579 bytes PDF Document; last updated 31 Aug 2024
      Key Investor Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INVESTOR INFORMATION DOCUMENT
      154,174 bytes PDF Document; last updated 14 Feb 2024
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      5,025,983 bytes PDF Document; last updated 30 Jun 2023
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      1,307,813 bytes PDF Document; last updated 31 Dec 2023
      Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
      PROSPECTUS
      10,916,549 bytes PDF Document; last updated 28 Aug 2024
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      Management Team

      Alvin Chan Michael Gallagher Rick Romano Daniel Clooney

      Alvin Chan has managed this fund for 3 years and 8 months.

      Alvin Chan Alvin Chan, CFA is a Portfolio Manager responsible for the public securities investments in the Asia Pacific region. Mr. Chan joined PFI in 2016 from BlackRock where he worked as an equities analyst on the global real estate securities team. Prior to that, he had worked as a Senior Analyst at Principal Global Investors and Lasalle Investment Management. Mr. Chan started his career as an Equity Research Associate with UBS in Singapore. He holds a Bachelor of Science degree in Real Estate from the National University of Singapore and is a CFA charterholder. Mr. Chan is fluent in English and Mandarin (Chinese).

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Alvin

      Name of Security Sole/Co Managed Since
      PGIM GSRES Co Jan 2021

      Michael Gallagher has managed this fund for 8 years and 9 months.

      Michael Gallagher Michael Gallagher, is a Portfolio Manager responsible for European real estate securities investments. Michael has over 20 years of investment industry experience and over 12 years in public real estate markets. Prior to joining PGIM Real Estate in 2012, Michael was an Assistant Fund Manager for Global Real Estate Securities at Aviva (London) and an analyst with Citigroup (London) and Deutsche Bank (London and Frankfurt). Michael is fluent in several languages including German, French, Italian, and Portuguese. Michael holds a B.A. from Harvard University and a M.A. from Cornell University.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Michael

      Name of Security Sole/Co Managed Since
      PGIM GSRES Co Dec 2015

      Rick Romano has managed this fund for 8 years and 9 months.

      Rick Romano Rick J. Romano, is a Managing Director at PGIM Real Estate and head of the Global Real Estate Securities business. Rick has over 27 years of real estate experience in the public and private markets spanning merchant banking, real estate valuation, transactions, asset management, and portfolio management. Rick joined PGIM Real Estate in 1998 from Rockefeller & Co, where he served as an equity analyst covering primarily real estate and leisure stocks. Rick has served on the board of several private real estate companies. Rick is a member of PGIM Real Estate's Americas Executive Council, Global Investment Committee, UCITs Governance Council and Defined Contribution Investment Committee. He is also a member of NYSSA, ICSC and NAREIT Investment Advisory Council. Rick holds an MBA from NYU and a B.A. from Rutgers College.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Rick

      Name of Security Sole/Co Managed Since
      PGIM GSRES Co Dec 2015

      Daniel Clooney has managed this fund for 6 years and 4 months.

      Daniel Clooney Daniel Cooney, is a Managing Director with PGIM Real Estate and a portfolio manager for the Global Real Estate Securities (GRES) business. Based in Newark, New Jersey, Daniel serves as acting head of the U.S. region, responsible for all North American public security selection. In addition, Daniel is actively involved in international security selection alongside the Global CIO and international portfolio managers. Prior to his current role, Daniel was a senior analyst for the GRES business, focusing on U.S. and Canadian public securities. He also assisted in the GRES investment management and operations and was responsible for fundamental investment research, securities analysis, and assisting in portfolio management investment. Daniel joined PGIM Real Estate in 2013 from RREEF, where he worked as a securities analyst in the global securities team. Prior to RREEF, Daniel was a senior equity REIT analyst at Keefe, Bruyette & Woods in New York. Daniel has a bachelor's degree in economics from Trinity College in Hartford, Connecticut, and is a CFA charterholder. He is a member of the CFA Institute and the New York Society of Security Analysts.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Daniel

      Name of Security Sole/Co Managed Since
      PGIM GSRES Co Jun 2018

      Investment involves risk. You may get back less than invested.