# Neuberger Berman Real Estate Fund (NRREX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nrrex for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Neuberger Berman · Asset class: Bond - Strategy: Actively Managed · Inception: 2013-03-15 The fund primarily allocates a minimum of 80% of its total net assets to equity securities. These investments encompass real estate investment trusts (REITs), common stocks, and other equity instruments issued by real estate-focused companies. The fund's management considers a real estate company to be any entity that generates at least 50% of its income from real estate activities or has at least 50% of its assets in real estate. Up to 20% of the fund's net assets may also be invested in debt securities from such real estate enterprises. This portfolio is categorized as non-diversified. ## Key Facts | Metric | Value | |---|---| | Price | $14.52 | | Expense Ratio | 0.75% | | AUM (All Share Classes) | $502.0M | | NAV | $14.52 | | Holdings Count | — | | Distribution Yield (TTM) | 2.00% | | Annual Distribution (TTM) | $0.29 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $13.28 – $15.81 | | Beta | 0.98 | ## Latest Distribution - Amount: $0.0694 /share - Ex-date: 2026-09-22 - Pay date: 2026-09-23 ## Frequently Asked Questions ### What does NRREX invest in? The fund primarily allocates a minimum of 80% of its total net assets to equity securities. These investments encompass real estate investment trusts (REITs), common stocks, and other equity instruments issued by real estate-focused companies. The fund's management considers a real estate company to be any entity that generates at least 50% of its income from real estate activities or has at least 50% of its assets in real estate. Up to 20% of the fund's net assets may also be invested in debt securities from such real estate enterprises. This portfolio is categorized as non-diversified. ### What is the expense ratio of NRREX? Neuberger Berman Real Estate Fund (NRREX) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations. ### What is NRREX's dividend yield? NRREX's trailing-twelve-month yield is 2.00%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of NRREX? Effective duration measures NRREX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NRREX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of NRREX? NRREX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of NRREX? Yield to maturity (YTM) is the total return you'd earn from NRREX if every bond in the portfolio is held to maturity at the current price. NRREX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does NRREX pay a dividend? Yes, Neuberger Berman Real Estate Fund (NRREX) distributes dividends to shareholders. The trailing-twelve-month yield is 2.00%. Full dividend history is on this page. ### How often does NRREX pay dividends? Neuberger Berman Real Estate Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is NRREX's next ex-dividend date? The most recently announced ex-dividend date for NRREX 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 NRREX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.75% 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 NRREX charge its expense ratio? The expense ratio is deducted in tiny daily slices from NRREX'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 NRREX cost more than a fund like VOO? NRREX is actively managed (current expense ratio 0.75%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether NRREX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to NRREX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as NRREX (0.75%) 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/nrrex - Distribution history: https://www.dividenddata.com/funds/nrrex/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nrrex/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nrrex/expenses - Peer comparison: https://www.dividenddata.com/funds/nrrex/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.