NAA Risk Managed Real Estate Fund Institutional Class
GURIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 702 King Farm Boulevard Rockville MD United States of America 20850
- IPO Date
- Mar 27, 2014
- CIK
- 0000088525
- Website
- naainvestments.com
- Similar Companies
- Business
- NAA Risk Managed Real Estate Fund (GURIX) is a mutual fund that seeks total return through capital appreciation and current income by investing at least 80% of its assets in long and short equity securities of issuers primarily engaged in the real estate industry, such as real estate investment trusts (REITs), as well as equity-like securities including individual securities, exchange-traded funds (ETFs), and derivatives providing exposure to real estate issuers. The fund offers institutional (GURIX), Class A (GURAX), Class C (GURCX), and Class P (GURPX) share classes, with an expense ratio of 1.10%; it targets investors seeking risk-managed real estate exposure through a long-short strategy. Managed as part of a suite of actively managed equity funds, it operates within the real estate investment segment of the broader asset management industry, serving institutional and retail investors primarily in the United States. In October 2024, the Guggenheim Risk Managed Real Estate Fund reorganized with and into the corresponding New Age Alpha Risk Managed Real Estate Fund, retaining the GURIX ticker and tax ID while receiving a new CUSIP (64157H687 for institutional shares); this tax-free transaction was part of Guggenheim Investments' sale of its actively managed equity funds business, encompassing 21 mutual and variable insurance funds with approximately $2.5 billion in assets, to New Age Alpha Advisors, LLC, allowing Guggenheim to focus on fixed income, alternatives, and other core strategies. The reorganization, approved by shareholders at a special meeting on October 24, 2024, and effective October 25, 2024, involved the transfer of all fund assets and liabilities to the New Age Alpha counterpart, with shareholders receiving equivalent shares in the acquiring fund; prior to closing, certain affected funds distributed capital gains on October 22, 2024. Launched on March 28, 2014, the fund is headquartered in Chicago, Illinois, as part of Guggenheim Investments, a division of Guggenheim Partners, LLC, founded in 1999.