T. Rowe Price Real Estate Fund (TRREX)
Ticker Symbol:
TRREX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Compare
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This compare function provides pertinent data to help you make your investment decisions. But there are other factors you will want to consider in your decision, such as the length of time you wish to maintain your investment and the amount of risk you are willing to take in pursuit of your goals. This compare function allows you to compare funds based on performance history, risk statistics, etc. Please be aware that funds within the same category may differ in investment strategy, portfolio holdings and risk level. For this reason, you should not make your investment decision based solely on a comparison of funds' past performance.
 
Performance Comparison Chart
03/31/2017  
This chart shows the value of a hypothetical $10,000 investment in the fund over the past 10 years or since its inception (for funds lacking 10-year records).
Fund Performance
03/31/2017  
 
Real Estate
30-Day SEC Yield w/ Waiver
N/A
30-Day SEC Yield w/ Waiver as of date
 
30-Day SEC Standardized Yield w/o Waiver
N/A
30-Day SEC Standardized Yield w/o Waiver as of date
 
7-Day Yield1
N/A
7-Day Yield as of date
 
1 Year Average Annual Return3
0.42%
3 Year Average Annual Return
8.97%
5 Year Average Annual Return
8.86%
10 Year Average Annual Return
4.26%
Since Inception Average Annual Return
9.85%
Fees and Expenses
03/31/2017  
 
Real Estate
Load?
No Load
Gross Expense Ratio^
0.76%
Net Expense Ratio^
0.76%
Waiver Type
N/A
Limitation Expires
N/A
Expense Ratio As of Date
12/31/2015
12b-1 Fee (Annual Sales Service Fee)
0%
Redemption Fee
1%
Redemption Fee on Shares Held
90 days or less
General Information
03/31/2017  
 
Real Estate
Ticker Symbol
TRREX
Fund Type
Domestic Stock
Inception Date
10/31/1997
Morningstar Fund Category
Real Estate 
Overall Morningstar Rating™*,2
Asset Allocation, % of Total Net Assets
  03/31/2017  
 
Real Estate
Domestic Stock
94.9%
Cash
5.1%
Convertibles
N/A
Domestic Bond
N/A
Foreign Stock
N/A
Foreign Bond
N/A
Options
N/A
Preferreds
N/A
Other
N/A
Net Assets ($M)
$6,454.72
Turnover Ratio
2.50
Fund Management
03/31/2017  
 
Real Estate
Fund Advisor(s)
T. Rowe Price Associates
Fund Manager
David M. Lee, CFA
Fund Manager Tenure
24 Yrs.
Fund Inception Date
10/31/1997
Volatility
03/31/2017  
 
Real Estate
R-Squared
0.26
Beta
0.70
Standard Deviation
13.94
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, yield, and return will vary and you may have a gain or loss when you sell your shares. For up-to-date standardized total returns, please click here.
The performance information shown does not reflect the deduction of redemption fees, if it did, the performance would be lower.
^ The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement. If a fund has an active contractual expense ratio limitation, the expiration date is shown below the gross and net expense ratio values above. Expense ratios are as of the most recent prospectus.
*Morningstar Ratings™ are based on risk-adjusted returns. The Overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics.
Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions. For funds less than one year old, the Since Inception return figure is not annualized and represents an aggregate total return.
1 The yield quotation more closely reflects the current earnings of the money market fund than the total return.
2 The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Morningstar rated the Real Estate Fund among 234, 234, 205 and 137 Real Estate funds for the overall rating and the 3-, 5-, and 10-year periods (as applicable) ending 03/31/2017, respectively. The Real Estate Fund received 3, 3 and 3 stars for the 3, 5, and 10 year periods (as applicable) respectively.
Source for Morningstar data: © 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.