CEF Advisors

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Neuberger Berman Real Estate Securities Income Fund (NRO)

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

Data as of Aug. 7, 2020
Market Price $4.08 (+ $0.10)
NAV (Aug. 7, 2020) $4.15 (+ $0.04)
Premium / Discount -1.69% (+1.48%)
Fund Info
Inception Oct. 31, 2003
Sponsor Neuberger Berman Management
Website https://www.nb.com/en/...
Phone 800.877.9700
Objective: High current income; real estate securities
Related Indexes
12 Major CEF Sectors Index
High Income Index
Global Real Estate, REIT & Real Asset Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 47,420,401
Total Assets (Reported: April 30, 2020) $210M
Estimated Total Assets $229M
Net Assets $197M
Market Cap $193M
Purchases Turnover 74.49%
Sales Turnover 87.39%
Total Leverage 14.23%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.53%
Non Lev Exp Ratio 1.31%
Rel Lev Cost 7.34%
Discount Data
Average Discount (3 Yr) -6.30%
Discount Low(3 Yr) -49.56%
Discount High(3 Yr) 2.89%
Discount Rel Range 91.27%
Comp Discount 9.88
Discount St Dev (1Yr) 4.80
Z-Stat (6mo) 1.13
Z-Stat (1Yr) 0.71
Z-Stat (3Yr) 1.28
Comp Z-Stat (6mo) 1.21
Comp Z-Stat (3Yr) 2.19
Distribution Data
Market Yield 11.76%
Income Yield 10.88%
Lev Adj NAV Yield 10.13%
Distribution Frequency M
Current Distribution $0.040
Current Income $0.037
Ex-Date 8/14/20
Payable Date 8/31/20
Div Growth (3yr) -11.11%
Dividend Change -11.1% on 10/31/18
Expected Div 8/31/20
RoC (1yr) 62.97%
RoC (3yr) 54.16%
Tax Dividend Data 2019 2017 - 2019
Income 34.1% 57.9%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 65.9% 42.1%
Volume & Liquidity
Average Daily $ (M) $1,150
Avg Volume 30 day 252,759
Avg Volume 90 day 281,875
Volume Trend -10.33%
Comp Volume Trend 1.58%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Global Real Estate, REIT & Real Asset Index
Most Correlated Peer (Mk Pr): AWP 98.0%
NAV - Price Correlation (30 d) 94.4%
NAV - Price Correlation (90 d) 96.7%
NAV - Price Correlation (1 Yr) 98.5%
Price St Dev (1Yr) 58.8%
NAV St Dev (1Yr) 113.1%
Earnings / Share (4/30/20) $0.012
Earn Coverage 31.00%
Earnings Trend Down
UNII / Share (4/30/20) $-0.168
Rel UNII -37.77
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Global Real Estate, REIT & Real Asset Index


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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.

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