T. Rowe Price Real Estate

Frequently Asked Questions About TRREX

What does TRREX invest in?

The fund typically commits at least 80% of its total assets, including any leverage for investment purposes, to the ownership shares of real estate enterprises. A considerable portion of its portfolio is expected to be allocated to Real Estate Investment Trusts (REITs). These trusts function by pooling capital to acquire either physical properties (known as equity REITs) or mortgage portfolios (termed mortgage REITs). The fund's primary focus within this structure is generally on equity REITs. Notably, it operates as a non-diversified fund.

What is the expense ratio of TRREX?

T. Rowe Price Real Estate (TRREX) charges an expense ratio of 0.92%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TRREX?

T. Rowe Price Real Estate (TRREX) manages $601.6M 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 TRREX actively managed or an index fund?

TRREX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TRREX's is 0.92%) in exchange for the discretion to over- or under-weight positions.

When was TRREX launched?

T. Rowe Price Real Estate (TRREX) launched in October 1997 and is managed by T. Rowe Price.

How has TRREX performed?

TRREX'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.