NAA Risk Managed Real Estate Fund Class A
GURAX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Guggenheim Risk Managed Real Estate Fund (GURAX) is an open-end mutual fund that seeks total return through a combination of capital appreciation and current income by investing, under normal circumstances, at least 80% of its assets in long and short equity securities of issuers primarily engaged in the real estate industry, including real estate investment trusts (REITs), real estate operating companies, and real estate-related services; the fund employs an active risk-managed strategy with mid-blend investment style, high portfolio turnover of approximately 72%, and holdings concentrated in sectors such as retail REITs (e.g., Simon Property Group, Realty Income), healthcare REITs (e.g., Welltower), data center and infrastructure REITs (e.g., Equinix), gaming and hospitality REITs (e.g., VICI Properties), logistics and industrial REITs (e.g., Prologis), self-storage REITs (e.g., Public Storage), alongside cash equivalents and U.S. Treasury bills for liquidity and hedging. Launched on March 28, 2014, as part of Guggenheim Funds Trust, the fund is managed by Guggenheim Partners Investment Management, LLC, with recent portfolio management updates including Burak Hurmeydan since May 2024 and a team comprising Konstantin Tourevski, Hugo Chang, Julian Koski, Armen Arus, and Gennadiy Khayutin as of late 2024 and early 2025; it operates within the real estate category, targeting institutional and retail investors with minimum initial investments of $2,500 for Class A shares, and maintains total net assets of approximately $209 million to $212 million as of mid-2025. The fund was headquartered under Guggenheim Funds Trust at 805 King Farm Boulevard, Suite 600, Rockville, Maryland 20850, with advisory operations linked to Guggenheim Partners in New York, NY, and Santa Monica, CA; it primarily focuses on U.S. domestic stocks (net exposure around 75-81%), with limited non-U.S. positions and no significant bond allocations, serving investors seeking exposure to U.S. real estate markets through a hedged equity approach. In a major strategic shift completed on October 25, 2024, the fund underwent a reorganization as part of Guggenheim Investments' sale of its actively managed equity funds business—including GURAX and 20 other mutual and variable insurance funds with approximately $2.5 billion in assets—to New Age Alpha Advisors, LLC, which assumed management responsibilities and rebranded the fund as NAA Risk Managed Real Estate Fund while preserving its investment objective, strategy, and ticker symbols.