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Neuberger Berman Real Estate Securities Income Fund (NRO)

Specialty Equity Funds - Global Real Estate, REIT & Real Assets

Data as of March 15, 2024
Current
Market Price $3.19 (- $0.01)
NAV (March 15, 2024) $3.48 ( $0.00)
Fund Listed NYSE MKT
Premium / Discount -8.33% (-0.29%)
Fund Info
Inception Oct. 31, 2003
Sponsor Neuberger Berman Management
Website https://www.nb.com/en/...
Phone 800.877.9700
NAV Symbol XNROX
Location New York
Incorporated Maryland
Staggered Board Yes
Term Date N/A
Objective: High current income; real estate securities
Related Indexes
High Income Index
Global Real Estate, REIT & Real Asset Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 47,455,806
Total Assets (Reported: Oct. 31, 2023) $192M
Estimated Total Assets $213M
Net Assets $165M
Market Cap $151M
Portfolio Turnover 7.00%
Total Leverage 22.54%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.00%
Non Lev Exp Ratio 1.40%
Rel Lev Cost 5.24%
Discount Data
Average Discount (3 Yr) -5.50%
Discount Low(3 Yr) -14.56%
Discount High(3 Yr) 4.96%
Discount Rel Range (3 Yr) 31.88%
Comp Discount -1.38
Discount St Dev (1Yr) 2.72
Z-Stat
Z-Stat (6mo) 0.45
Z-Stat (1Yr) 0.81
Z-Stat (3Yr) -0.66
Comp Z-Stat (6mo) -0.50
Comp Z-Stat (3Yr) -0.58
Distribution Data
Market Yield 11.74%
Income Yield 0.68%
Lev Adj NAV Yield 8.78%
Distribution Frequency M
Current Distribution $0.031
Current Income $0.002
Ex-Date 3/14/24
Payable Date 3/28/24
Div Growth (3yr) 0.00%
Dividend Change -22.0% on 12/31/20
Expected Div 3/28/24
RoC (1yr) 56.60%
RoC (3yr) 64.40%
Tax Dividend Data 2022 2020 - 2022
Income 33.5% 29.9%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 66.5% 70.1%
Volume & Liquidity
Average Daily $ (K) $752
Avg Volume 30 day 182,375
Avg Volume 90 day 235,848
Volume Trend -22.67%
Comp Volume Trend -5.58%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
64.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
87.0%
Price Correlation (1yr)
vs. CEFA's Global Real Estate, REIT & Real Asset Index
93.0%
Most Correlated Peer (Mk Pr): JRS 90.0%
NAV - Price Correlation (30 d) 5.6%
NAV - Price Correlation (90 d) -31.3%
NAV - Price Correlation (1 Yr) 91.1%
Price St Dev (1Yr) 22.6%
NAV St Dev (1Yr) 19.1%
Earnings
Earnings / Share (10/31/23) $0.003
Earn Coverage 10.90%
Earnings Trend Down
UNII / Share (10/31/23) $-0.003
Rel UNII -12.96
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
1.13
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.95
NAV Beta (2yr)
vs. CEFA's Global Real Estate, REIT & Real Asset Index
1.04

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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