T. Rowe Price Real Estate Fund Advisor Class

Frequently Asked Questions About PAREX

What does PAREX invest in?

The fund normally invests at least 80% of its net assets in the equity securities of real estate companies. It is likely to maintain a significant portion of assets in real estate investment trusts (REITs). REITs pool money to invest in properties (equity REITs) or mortgages (mortgage REITs). The fund generally invests in equity REITs. It is non-diversified.

What is the expense ratio of PAREX?

T. Rowe Price Real Estate Fund Advisor Class (PAREX) charges an expense ratio of 1.19%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PAREX?

T. Rowe Price Real Estate Fund Advisor Class (PAREX) manages $610.9M 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 PAREX actively managed or an index fund?

PAREX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PAREX's is 1.19%) in exchange for the discretion to over- or under-weight positions.

When was PAREX launched?

T. Rowe Price Real Estate Fund Advisor Class (PAREX) launched in December 2004 and is managed by T. Rowe Price.

How has PAREX performed?

PAREX'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.