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Neuberger Berman Real Estate Securities Income Fund

(NYSE American: NRO)

Primary investment objective is high current income. Capital appreciation is a secondary investment objective. Investment strategy that seeks to develop a portfolio with a broad mix of real estate securities through superior stock selection and property sector allocation

  • NRO is a diversified, closed-end management investment company that invests primarily in securities issued by Real Estate Companies, including Real Estate Investment Trusts (REITs)
  • The fund can utilize leverage through the issuance of preferred stock and debt.

Section 16 Filings*
Fund Goverance
Fund Holdings

Portfolio Managers: Brian Jones, CFA (left) and Steve S. Shigekawa (right)

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Management Team

Brian Jones, CFA

Portfolio Manager

26 Years of experience

20 Years with firm

Biography

Steve S. Shigekawa

Portfolio Manager

25 Years of experience

17 Years with firm

Biography

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REIT and other real estate company securities are subject to, among other risks: declines in property values; defaults by mortgagors or other borrowers and tenants; increases in property taxes and other operating expenses; overbuilding; fluctuations in rental income; changes in interest rates; lack of availability of mortgage funds or financing; extended vacancies of properties; changes in tax and regulatory requirements; losses due to environmental liabilities; or casualty or condemnation losses. REITs also are dependent upon management skills and are subject to heavy cash flow dependency, self-liquidation and the possibility of failing to qualify for tax-free “pass-through” of income under the federal tax law. REIT and other real estate company securities tend to be small- to mid-cap stocks and are subject to the risks of investing in small- to mid-cap stocks. Some of the REIT securities in which the Fund invests may be preferred stock. Convertible preferred stock is exchangeable for common stock and may therefore be more volatile.

Shares of closed end funds frequently trade at a discount of their net asset value in the secondary market and the net asset value of the closed-end shares may decrease. Closed-end funds are subject to various risks, including management’s ability to meet the Fund’s investment objective and to manage the Fund’s portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors’ perceptions regarding closed-end funds or their underlying investments change. The investment return and principal value of an investment will fluctuate so that the shares may be worth more or less than their original cost.