- What does PPRUX invest in?
- PGIM Private Real Estate Fund, Inc. operates as a closed-end investment vehicle, established with the dual objective of generating consistent income and fostering substantial long-term capital appreciation. Its core investment strategy centers on allocating capital to private real estate assets. This encompasses a broad spectrum of investments, including direct property ownership, equity stakes in real estate or property-related enterprises, and debt instruments secured by real estate or associated companies, all acquired from private issuers or through private market transactions. The fund was launched on July 23, 2021, and its headquarters are located in Newark, New Jersey.
- What is the expense ratio of PPRUX?
- PGIM Private Real Estate Fund, Inc. - Class I (PPRUX) charges an expense ratio of 1.71%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is PPRUX?
- PGIM Private Real Estate Fund, Inc. - Class I (PPRUX) has a market value of $284.8M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
- Is PPRUX actively managed or an index fund?
- PPRUX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PPRUX's is 1.71%) in exchange for the discretion to over- or under-weight positions.
- When was PPRUX launched?
- PGIM Private Real Estate Fund, Inc. - Class I (PPRUX) launched in November 2022 and is managed by PGIM.
- How has PPRUX performed?
- PPRUX'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.
