Neuberger Berman Real Estate Securities Income Fund Inc Nro
Neuberger Berman Real Estate Securities Income Fund Inc Nro is a closed-end investment fund that invests in a portfolio of publicly traded real estate investment trusts (REITs) and other real estate-related securities. The fund's investment objective is to provide high current income and capital appreciation by investing primarily in a diversified portfolio of income-producing equity securities issued by real estate companies.
Investment Strategy
The fund invests in a broad range of real estate-related securities, including equity securities of REITs, real estate operating companies, and other real estate-related securities. The fund may also invest in debt securities of real estate companies, such as mortgage-backed securities and commercial mortgage-backed securities. The fund's investment strategy emphasizes securities that generate current income, while also seeking to achieve capital appreciation.
Portfolio Holdings
The fund's portfolio holdings are diversified across a range of property types, including office, retail, residential, and industrial properties. The fund's largest holdings are in equity REITs, which account for approximately 80% of the portfolio. The fund's top ten holdings include companies such as Prologis, American Tower Corp, and Simon Property Group.
Performance
The fund's performance has been generally positive over the long term, although it has experienced some volatility in the short term. As of June 30, 2021, the fund had a net asset value of $307.4 million and a market price of $5.85 per share. The fund's distribution rate was 7.9% as of the same date.
Risks
Like all investments, Neuberger Berman Real Estate Securities Income Fund Inc Nro carries risks. The fund's investments are subject to market, interest rate, credit, and liquidity risks. The value of the fund's portfolio holdings may decline due to changes in economic conditions or other factors. The fund may also invest in foreign securities, which carry additional risks such as currency fluctuations and political instability.
Conclusion
Neuberger Berman Real Estate Securities Income Fund Inc Nro is a closed-end investment fund that invests in a diversified portfolio of real estate-related securities. The fund's investment objective is to provide high current income and capital appreciation. Like all investments, the fund carries risks, but its performance has been generally positive over the long term. Investors should carefully consider their investment objectives and risk tolerance before investing in this or any other investment fund.