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Trending ETFs

Guggenheim Risk Managed Real Estate Fund

mutual fund
GURIX
Payout Change
Pending
Price as of:
$34.26 -0.11 -0.32%
primary theme
Real Estate Sector Equity
share class
Instl (GURIX) P (GURPX) C (GURCX) A (GURAX)
GURIX (Mutual Fund)

Guggenheim Risk Managed Real Estate Fund

Payout Change
Pending
Price as of:
$34.26 -0.11 -0.32%
primary theme
Real Estate Sector Equity
share class
Instl (GURIX) P (GURPX) C (GURCX) A (GURAX)
GURIX (Mutual Fund)

Guggenheim Risk Managed Real Estate Fund

Payout Change
Pending
Price as of:
$34.26 -0.11 -0.32%
primary theme
Real Estate Sector Equity
share class
Instl (GURIX) P (GURPX) C (GURCX) A (GURAX)

Name

As of 12/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Guggenheim Risk Managed Real Estate Fund

GURIX | Fund

$34.26

$348 M

2.56%

$0.88

1.34%

Vitals

YTD Return

9.4%

1 yr return

10.9%

3 Yr Avg Return

-0.8%

5 Yr Avg Return

6.7%

Net Assets

$348 M

Holdings in Top 10

46.6%

52 WEEK LOW AND HIGH

$34.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.34%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 80.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Guggenheim Risk Managed Real Estate Fund

GURIX | Fund

$34.26

$348 M

2.56%

$0.88

1.34%

GURIX - Profile

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.18%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Guggenheim Risk Managed Real Estate Fund
  • Fund Family Name
    Guggenheim
  • Inception Date
    Mar 28, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Samir Sanghani

Fund Description

The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in: (i) long and short equity securities of issuers primarily engaged in the real estate industry, such as real estate investment trusts (“REITs”); and (ii) equity-like securities, including individual securities, exchange-traded funds (“ETFs”) and derivatives, giving exposure to (i.e., economic characteristics similar to) issuers primarily engaged in the real estate industry. The Fund seeks to manage investment risk by taking both long and short positions in real estate investments by combining a traditional long-only REIT strategy sleeve and a market-neutral long/short strategy sleeve.The Fund will consider an issuer to be primarily engaged in the real estate industry if: (i) at least 50% of its assets, income, sales or profits are committed to, or derived from, the ownership, construction, management, financing, leasing, brokering, or sale of residential or commercial real estate, or the provision of products and services related to the real estate industry, such as building supply manufacturers, mortgage lenders, or mortgage servicing companies or (ii) a widely recognized industry classification system provider has given the company an industry or sector classification consistent with the real estate industry.Equity securities in which the Fund may invest include common stocks, REITs and other investment vehicles primarily engaged in the real estate industry, ETFs, exchange-traded notes (“ETNs”) giving exposure to real estate markets, and American Depositary Receipts (“ADRs”). The Fund may take a long position by buying a security that Guggenheim Partners Investment Management, LLC, also known as Guggenheim Investments (the “Investment Manager”), believes will appreciate, or it may sell a security short by first borrowing it from a third party with the intention to sell it later at a market price. The Fund may also obtain exposure to long and short positions by entering into swap agreements (including, but not limited to, total return swap agreements). Short positions may be used either to hedge long positions or to seek positive returns where the Investment Manager believes the security will depreciate. The Investment Manager will make investment decisions based primarily on a fundamental relative value framework. These investment decisions will be guided by a top-down approach to allocating the Fund’s assets among geographic regions and property sectors. The Investment Manager will then select individual securities using a bottom-up approach, focused primarily on a relative value-oriented process that reflects the macro-level investment themes and a due diligence process that includes, among other analytical components, an assessment of issuer-specific factors such as management acumen and strategic direction.The Fund may dynamically adjust its level of long and short exposure to the real estate markets by adjusting allocations monthly between its long-only REIT strategy sleeve and market-neutral long/short strategy sleeve over time based on macroeconomic, industry-specific, and other factors. However, the Investment Manager expects the Fund’s net exposure over time will be long biased. The Fund may reinvest the proceeds of its short sales by taking additional long positions, or it may use leverage to maintain long positions in excess of 100% of net assets.To enhance the Fund’s exposure to real estate markets and to seek to increase the Fund’s returns, at the discretion of the Investment Manager, the Fund’s long and short positions in equities may be combined with investments in derivatives, which may include, among other derivatives: swap agreements (including, among other types of swaps, total return swaps); options on securities, futures contracts, and stock indices; and stock index futures contracts (some of these instruments may be traded in the over-the-counter market). These investments may be used to hedge the Fund’s portfolio, to maintain exposure to the equity markets, to increase returns, to generate income, or to seek to manage volatility of the portfolio. The Fund intends to borrow from banks to take larger positions and to seek an enhanced return.While the Fund will principally invest in securities listed, traded or dealt in the United States, it may also invest without limitation in securities listed, traded or dealt in other countries, including emerging markets countries. Such securities may be denominated in foreign currencies.The Fund will concentrate its investments in the real estate industry (i.e., invest more than 25% of its total assets in securities of issuers considered to be primarily engaged in the real estate industry).Under adverse or unstable market conditions or abnormal circumstances, the Fund could invest some or all of its assets in cash, derivatives, fixed-income instruments, government bonds, money market instruments, repurchase agreements or securities of other investment companies. The Fund may be unable to pursue or achieve its investment objective during that time and temporary investments could reduce the benefit from any upswing in the market.
Read More

GURIX - Performance

Return Ranking - Trailing

Period GURIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -7.7% 22.0% 50.00%
1 Yr 10.9% -7.3% 29.4% 66.81%
3 Yr -0.8%* -12.6% 5.4% 30.51%
5 Yr 6.7%* -12.1% 14.7% 9.91%
10 Yr 7.6%* -2.1% 14.2% 5.63%

* Annualized

Return Ranking - Calendar

Period GURIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.4% -16.2% 24.6% 29.96%
2022 -28.6% -51.3% 2.5% 24.58%
2021 34.2% -7.7% 52.3% 35.32%
2020 -5.8% -42.2% 35.0% 22.97%
2019 18.0% 0.0% 43.1% 54.88%

Total Return Ranking - Trailing

Period GURIX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -7.7% 22.0% 50.00%
1 Yr 10.9% -7.3% 29.4% 66.81%
3 Yr -0.8%* -12.6% 5.4% 30.51%
5 Yr 6.7%* -12.1% 14.7% 9.91%
10 Yr 7.6%* -2.1% 14.2% 5.63%

* Annualized

Total Return Ranking - Calendar

Period GURIX Return Category Return Low Category Return High Rank in Category (%)
2023 18.7% -13.7% 25.0% 2.11%
2022 -20.3% -40.7% 7.8% 15.25%
2021 51.1% 7.8% 54.6% 6.81%
2020 6.5% -36.6% 44.3% 6.31%
2019 27.3% 4.1% 46.4% 51.16%

NAV & Total Return History

GURIX - Holdings

Concentration Analysis

GURIX Category Low Category High GURIX % Rank
Net Assets 348 M 2.26 M 61.4 B 49.35%
Number of Holdings 112 22 548 15.97%
Net Assets in Top 10 157 M 1.29 M 32.8 B 52.94%
Weighting of Top 10 46.64% 13.2% 82.2% 84.87%

Top 10 Holdings

  1. Prologis, Inc. 9.22%
  2. Equinix, Inc. 5.76%
  3. Welltower, Inc. 5.28%
  4. Digital Realty Trust, Inc. 4.29%
  5. Simon Property Group, Inc. 4.25%
  6. VICI Properties, Inc. 3.87%
  7. Public Storage 3.71%
  8. Dreyfus Treasury Securities Cash Management Fund - Institutional Shares 3.47%
  9. Realty Income Corp. 3.43%
  10. Extra Space Storage, Inc. 3.34%

Asset Allocation

Weighting Return Low Return High GURIX % Rank
Stocks 		90.37% 0.00% 100.25% 76.47%
Cash 		8.91% -42.50% 24.34% 5.04%
Other 		0.73% -82.45% 106.21% 20.17%
Preferred Stocks 		0.00% 0.00% 31.13% 32.35%
Convertible Bonds 		0.00% 0.00% 10.95% 24.89%
Bonds 		0.00% 0.00% 149.68% 28.15%

Stock Sector Breakdown

Weighting Return Low Return High GURIX % Rank
Real Estate 		100.00% 34.46% 100.00% 7.96%
Utilities 		0.00% 0.00% 3.55% 21.68%
Technology 		0.00% 0.00% 12.02% 38.94%
Industrials 		0.00% 0.00% 7.39% 26.99%
Healthcare 		0.00% 0.00% 0.53% 22.12%
Financial Services 		0.00% 0.00% 37.05% 30.09%
Energy 		0.00% 0.00% 33.11% 22.57%
Communication Services 		0.00% 0.00% 11.61% 30.09%
Consumer Defense 		0.00% 0.00% 0.93% 20.35%
Consumer Cyclical 		0.00% 0.00% 45.29% 51.33%
Basic Materials 		0.00% 0.00% 13.69% 26.55%

Stock Geographic Breakdown

Weighting Return Low Return High GURIX % Rank
US 		90.37% 0.00% 100.25% 73.95%
Non US 		0.00% 0.00% 37.90% 31.09%

GURIX - Expenses

Operational Fees

GURIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.34% 0.07% 8.91% 40.00%
Management Fee 0.75% 0.00% 1.50% 45.80%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% 43.92%

Sales Fees

GURIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

GURIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GURIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 80.00% 0.11% 380.00% 77.03%

GURIX - Distributions

Dividend Yield Analysis

GURIX Category Low Category High GURIX % Rank
Dividend Yield 2.56% 0.00% 13.03% 33.19%

Dividend Distribution Analysis

GURIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Annual

Net Income Ratio Analysis

GURIX Category Low Category High GURIX % Rank
Net Income Ratio 1.18% -1.14% 6.05% 42.13%

Capital Gain Distribution Analysis

GURIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

GURIX - Fund Manager Analysis

Managers

Samir Sanghani

Start Date

Tenure

Tenure Rank

Feb 25, 2021

1.26

1.3%

Samir Sanghani’s responsibilities include equity portfolio management, research, and development of strategies as head of the Quantitative Strategies Group in Santa Monica. He also leads a team of fundamental sector analysts covering US equities. Prior to joining Guggenheim in 2008, he was portfolio manager of a value/opportunistic equity hedge fund. Mr. Sanghani also served as VP of Operations and Chief Compliance Officer at a multi-manager hedge fund firm offering fundamental and quantitative equity long/short strategies. Prior to this, he was a Management Consultant for six years at PricewaterhouseCoopers. Mr. Sanghani holds a B.S. degree in Electrical and Computer Engineering from Rice University and an MBA from M.I.T. Sloan School of Management. He has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute.

Michael Chong

Start Date

Tenure

Tenure Rank

Feb 25, 2021

1.26

1.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.32 2.68

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