Neuberger Berman Real Estate Fund

Neuberger Berman Real Estate Fund is an open-end mutual fund that focuses on investing primarily in U.S. real estate securities. Its main objective is to achieve a total return by balancing current income with long-term capital appreciation. The fund typically invests at least 80% of its net assets in equity securities issued by real estate investment trusts (REITs) and other companies that derive a significant portion of their revenue or assets from real estate. It may also allocate up to 20% of its net assets to debt securities of real estate companies, including both investment grade and below investment grade bonds. The fund’s portfolio is concentrated in the real estate industry and may emphasize specific sub-sectors such as apartments, regional malls, offices, infrastructure, industrial, and health care, depending on prevailing market and economic conditions. Utilizing a selective, research-driven process, the fund’s management seeks to identify companies with solid management, strong balance sheets, and attractive valuations. The team employs a tactical approach, rotating among property sectors and geographic regions to optimize performance. As a non-diversified fund, it has the flexibility to invest more substantially in fewer companies, potentially increasing both risk and reward. The fund is managed by experienced portfolio managers with a track record of navigating various real estate and economic cycles, making it a key vehicle for investors seeking exposure to the dynamics of U.S. real estate markets.