# CONTACT
Client Services: +44 (0)20 3214 9096
Client Services: +353 1 571 9646 Email: Clientservices@nb.com
Website: www.nb.com	*The ongoing charges figure is based on the annual expenses for the period ending 31 December 2020.
Calls are recorded	
For Professional Client Use Only
Page 1 of 5
| SECTOR ALLOCATIONS % (MV) | Fund | Bmrk |  | ASSET SUMMARY | Fund |
| --- | --- | --- | --- | --- | --- |
| Industrial Reits | 18.93 | 14.03 |  | Cash Equivalents (%) | 0.75 |
| Residential REITs | 16.09 | 15.32 |  | Assets in Top 10 Holdings (%) | 37.46 |
| Real Estate Holding And Development | 13.58 | 15.11 |  |  |  |
| Infrastructure REITs | 12.14 | 0.05 |  |  |  |
| Other Specialty Reits | 10.42 | 9.66 |  |  |  |
| Retail REITs | 8.18 | 14.43 |  |  |  |
| Storage Reits | 6.29 | 4.66 |  |  |  |
| Health Care Reits | 4.65 | 7.07 |  |  |  |
| Office Reits | 4.05 | 11.31 |  |  |  |
| Diversified REITs | 3.67 | 5.01 |  |  |  |
| Hotel And Lodging Reits | 1.25 | 3.09 |  |  |  |
| Real Estate Services | 0.00 | 0.15 |  |  |  |
| Storage Facilities | 0.00 | 0.08 |  |  |  |
| Closed End Investments | 0.00 | 0.03 |  |  |  |
| Cash | 0.75 | 0.00 |  |  |  |
| TOP 10 COUNTRY ALLOCATIONS % (MV)	REGIONAL ALLOCATIONS % (MV) |
|  | Fund | Bmrk |  |  | Fund | Bmrk |
| United States | 58.23 | 61.35 |  | United States | 58.23 | 61.35 |
| United Kingdom | 12.20 | 4.77 |  | United Kingdom | 12.20 | 4.77 |
| Japan | 9.96 | 8.98 |  | Asia Pacific ex-Japan | 10.26 | 11.15 |
| Canada | 4.39 | 2.92 |  | Japan | 9.96 | 8.98 |
| Australia | 3.82 | 3.58 |  | Canada | 4.39 | 2.93 |
| Hong Kong | 3.77 | 4.34 |  | Europe ex-UK | 4.21 | 10.58 |
| Singapore | 2.67 | 2.94 |  | Africa / Middle East | 0.00 | 0.23 |
| Germany | 1.76 | 3.60 |  |  |  |  |
| France | 1.26 | 1.28 |  |  |  |  |
| Spain | 1.19 | 0.35 |  |  |  |  |
| CHARACTERISTICS | Fund | Bmrk |  | RISK MEASURES |  | 3 years |
| Number of Securities | 52 | 382 |  | Alpha (%) |  | 5.15 |
| Weighted Average Market Cap (USD Million) | 37,481 | 26,286 |  | Tracking Error (%) |  | 5.63 |
| Estimated 3-5 Year EPS Growth (%) | 11.99 | 10.47 |  | Beta |  | 0.79 |
| Dividend Yield (%) | 2.45 | 2.93 |  | Sharpe Ratio |  | 0.92 |
| Price / Sales | 11.47 | 10.20 |  | Information Ratio |  | 0.66 |
| Price / Funds from Operation | 26.49 | 23.12 |  | R-Squared (%) |  | 94.73 |
|  |  |  |  | Standard Deviation |  | 16.27 |

| I SHARE CLASS DATA |  |
| --- | --- |
| Share Class | Currency | Inception Date (Share Class) | ISIN | Bloomberg | VALOR | Minimum Investment |
| USD I Accumulating Class | USD | 30-12-2014 | IE00BSPPW875 | NBREUIA ID | 26377131 | 2,500,000 |

Some share classes listed are subject to restrictions, please refer to the fund's prospectus for further details.
Investors who subscribe in a currency different from their local currency should note that the costs may increase or decrease as a result of currency and exchange rate fluctuations. For a full glossary of terms, please refer to www.nb.com/glossary
Before subscribing please refer to prospectus and the Key Investor Information Document www.nb.com/europe/literature

Translation (ENES, 2021-12-31):
# CONTACTO
Client Services: +44 (0)20 3214 9096
Client Services: +353 1 571 9646
Correo electrónico: Clientservices@nb.com
Sitio web: www.nb.com	*La cifra de los gastos corrientes se basa en los gastos anuales del período que finaliza el 31 de diciembre de 2020.
Las llamadas son grabadas	
Solo para clientes profesionales
Página 1 de 4
| ASIGNACIÓN POR SECTOR % (VM) | Fondo | Índ. ref. |  | RESUMEN | Fondo |
| --- | --- | --- | --- | --- | --- |
| Industrial Reits | 18,93 | 14,03 |  | Equivalentes de efectivo (%) | 0,75 |
| SOCIMIS Residenciales | 16,09 | 15,32 |  | % activos 10 principales posiciones | 37,46 |
| Real Estate Holding And Development | 13,58 | 15,11 |  |  |  |
| SOCIMI de infraestructuras | 12,14 | 0,05 |  |  |  |
| Other Specialty Reits | 10,42 | 9,66 |  |  |  |
| SOCIMIS Retail | 8,18 | 14,43 |  |  |  |
| Storage Reits | 6,29 | 4,66 |  |  |  |
| Health Care Reits | 4,65 | 7,07 |  |  |  |
| Office Reits | 4,05 | 11,31 |  |  |  |
| SOCIMIS diversificadas | 3,67 | 5,01 |  |  |  |
| Hotel And Lodging Reits | 1,25 | 3,09 |  |  |  |
| Servicios de Bienes Inmuebles | 0,00 | 0,15 |  |  |  |
| Storage Facilities | 0,00 | 0,08 |  |  |  |
| Closed End Investments | 0,00 | 0,03 |  |  |  |
| Equivalentes de efectivo | 0,75 | 0,00 |  |  |  |
| TOP 10 ASIGNACIÓN POR PAÍS % (VM) | Fondo | Índ. ref. |  | ASIGNACIÓN GEOGRÁFICA % Fondo | (VM) Índ. ref. |
| Estados Unidos | 58,23 | 61,35 |  | Estados Unidos	58,23 | 61,35 |
| Reino Unido | 12,20 | 4,77 |  | Reino Unido	12,20 | 4,77 |
| Japón | 9,96 | 8,98 |  | Asia Pacífico (ex Japón)	10,26 | 11,15 |
| Canadá | 4,39 | 2,92 |  | Japón	9,96 | 8,98 |
| Australia | 3,82 | 3,58 |  | Canadá	4,39 | 2,93 |
| Hong Kong | 3,77 | 4,34 |  | Europa ex RU	4,21 | 10,58 |
| Singapur | 2,67 | 2,94 |  | Africa/Oriente Medio	0,00 | 0,23 |
| Alemania | 1,76 | 3,60 |  |  |  |
| Francia | 1,26 | 1,28 |  |  |  |
| España | 1,19 | 0,35 |  |  |  |
| CARACTERÍSTICAS | Fondo | Índ. ref. |  | INDICADORES DE RIESGO | 3 años |
| Número de valores en cartera | 52 | 382 |  | Alfa (%) | 5,15 |
| Capitalización media ponderada (millones USD) | 37,481 | 26,286 |  | Error de seguimiento (%) | 5,63 |
| Crecimiento EPS estimado 3-5 años (%) | 11,99 | 10,47 |  | Beta | 0,79 |
| Rentabilidad por dividendo (%) | 2,45 | 2,93 |  | Ratio de Sharpe | 0,92 |
| Relación Precio/Ventas | 11,47 | 10,20 |  | Ratio de información | 0,66 |
| Precio / Fondos de las operaciones | 26,49 | 23,12 |  | R-cuadrado (%) | 94,73 |
|  |  |  |  | Desviación estándar | 16,27 |

| DATOS DE LAS CLASES DE ACCIONES |  |
| --- | --- |
| Clase de acciones | Divisa | Fecha de lanzamiento (Clase de acción) | Código ISIN | Código Bloomberg | VALOR | Inversión mínima |
| Clase I de acc. USD | USD | 30-12-2014 | IE00BSPPW875 | NBREUIA ID | 26377131 | 2.500.000 |

Algunas clases de acciones están sujestas a restricciones, consulte el folleto para más detalles.
Los inversores que suscriban en una moneda diferente de su moneda local deben tener en cuenta que los costos pueden aumentar o disminuir como resultado de las fluctuaciones de la moneda y el tipo de cambio.
Para obtener un glosario completo de términos, visite www.nb.com/glossary
Antes de suscribirse, consulte el Folleto y el Documento de datos fundamentales para el inversor en www.nb.com/europe/literature