# Neuberger Berman Real Estate Fund Trust Class (NBRFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nbrfx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Neuberger Berman · Asset class: Equity - Strategy: Thematic · Inception: 2002-05-02 This investment vehicle seeks comprehensive financial returns by strategically allocating capital within the real estate securities market. Its core objective is to generate both long-term capital appreciation and a consistent flow of income. The fund typically commits a significant portion—at least four-fifths (80%)—of its net assets to equity instruments issued by Real Estate Investment Trusts (REITs), along with common stocks and other securities from companies primarily engaged in the real estate sector. For its purposes, a real estate enterprise is defined as one that derives at least... ## Key Facts | Metric | Value | |---|---| | Price | $14.52 | | Expense Ratio | 1.40% | | Assets Under Management | $509.3M | | NAV | $14.52 | | Holdings Count | — | | Distribution Yield (TTM) | 1.74% | | Annual Distribution (TTM) | $0.25 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $13.24 – $15.76 | | Beta | 0.98 | ## Latest Distribution - Amount: $0.0616 /share - Ex-date: 2026-09-22 - Pay date: 2026-09-23 ## Frequently Asked Questions ### What does NBRFX invest in? This investment vehicle seeks comprehensive financial returns by strategically allocating capital within the real estate securities market. Its core objective is to generate both long-term capital appreciation and a consistent flow of income. The fund typically commits a significant portion—at least four-fifths (80%)—of its net assets to equity instruments issued by Real Estate Investment Trusts (REITs), along with common stocks and other securities from companies primarily engaged in the real estate sector. For its purposes, a real estate enterprise is defined as one that derives at least half of its revenue from, or holds at least 50% of its assets in, real estate. Furthermore, up to one-fifth (20%) of its net assets may be directed towards debt obligations issued by such real estate firms. It is structured as a non-diversified portfolio. ### What is the expense ratio of NBRFX? Neuberger Berman Real Estate Fund Trust Class (NBRFX) charges an expense ratio of 1.40%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is NBRFX? Neuberger Berman Real Estate Fund Trust Class (NBRFX) manages $509.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is NBRFX actively managed or an index fund? NBRFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was NBRFX launched? Neuberger Berman Real Estate Fund Trust Class (NBRFX) launched in May 2002 and is managed by Neuberger Berman. ### How has NBRFX performed? NBRFX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does NBRFX pay a dividend? Neuberger Berman Real Estate Fund Trust Class (NBRFX) currently distributes little or no income. Trailing-twelve-month yield is 1.74%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does NBRFX pay dividends? Neuberger Berman Real Estate Fund Trust Class pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is NBRFX's dividend yield? NBRFX's trailing-twelve-month yield is 1.74%, calculated from the sum of dividends over the past year divided by the current price. ### When is NBRFX's next ex-dividend date? The most recently announced ex-dividend date for NBRFX was 2026-09-22. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will NBRFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.40% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NBRFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from NBRFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NBRFX cost more than a fund like VOO? NBRFX's strategy (current expense ratio 1.40%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where NBRFX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to NBRFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as NBRFX (1.40%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nbrfx - Distribution history: https://www.dividenddata.com/funds/nbrfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nbrfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nbrfx/expenses - Peer comparison: https://www.dividenddata.com/funds/nbrfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.