Guggenheim Risk Managed Real Estate Fund Achieves 3-Year Track Record, Receives 5-Star Overall Morningstar Rating at First Eligibility
NEW YORK, April 28, 2017 (GLOBE NEWSWIRE) -- Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, is pleased to announce that Guggenheim Risk Managed Real Estate Fund (GURIX) has received a 5-star overall rating from Morningstar based on risk-adjusted returns at its earliest eligibility.
The fund achieved a 3-year track record on March 28, 2017. The total return of the Fund’s Institutional shares (GURIX) is in the top 3% of 234 funds in Morningstar’s real estate category for the trailing 3-year period ended March 31, 2017.
“This 5-star, highest-possible rating from Morningstar is an example of how we work diligently to produce strong results for our clients over the long term,” said Farhan Sharaff, Guggenheim Assistant CIO for Equities.
Guggenheim Risk Managed Real Estate Fund seeks to capture the benefits of investing in real estate equity securities such as real estate investment trusts (REITs), which may include the potential for attractive returns, a balance of income and appreciation, and the potential as an inflation hedge.
The Fund’s flexible investment strategy dynamically allocates between long-only and market neutral (long/short) REIT portfolios and is designed to not only capture the benefits but also manage the challenges of investing in REITs by potentially lowering portfolio correlation to equity while reducing volatility and drawdown risks relative to long-only REIT investments.
The Fund has been managed since inception by Jayson Flowers, Gary McDaniel, and Thomas Youn.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with $209 billion1 in assets across fixed-income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 275+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification and attractive long-term results.
1Guggenheim Investments total asset figure is as of 12.31.2016. The assets include leverage of $12.3bn for assets under management and $0.4bn for assets for which we provide administrative services. Guggenheim Investments represents the following affiliated investment management businesses: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Real Estate, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.
Past performance does not guarantee future returns. The Institutional class for the Risk Managed Real Estate Fund was rated, based on its risk-adjusted returns, 5 stars for the overall and 3-year periods out of 234 funds in the Morningstar Real Estate category as of 3.31.2017. The Fund was ranked in the 3rd percentile out of 234 funds and 12th percentile out of 262 funds for the 3 and 1-year periods, respectively, in the Morningstar Real Estate category as of 3.31.2017.
Read a fund’s prospectus and summary prospectus (if available) carefully before investing. It contains the fund’s investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. Obtain a prospectus and summary prospectus (if available) at www.guggenheiminvestments.com or call 800.820.0888.
This fund may not be suitable for all investors. Investing involves risk, including the possible loss of principal. The fund's investments in real estate securities subject the fund to the same risks as direct investments in real estate, which is particularly sensitive to economic downturns. The Fund’s use of leverage, through borrowings or instruments such as derivatives, may cause the Fund to be more volatile and riskier than if it had not been leveraged. The fund's use of short selling involves increased risk and costs. The fund risks paying more for a security than it received from its sale. The fund's investments in other investment vehicles subject the fund to those risks and expenses affecting the investment vehicle. Investing in sector funds is more volatile than investing in broadly diversified funds, as there is a greater risk due to the concentration of the funds' holdings in issuers of the same or similar offerings. This fund is considered non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund. Please read the prospectus for more detailed information regarding these and other risks.
The Morningstar Rating for funds, or "star rating", is calculated for managed products with at least a three-year history and does not include the effect of sales charges. Exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.
Morningstar percentile ranks are based on average annual total return relative to all funds in the same Morningstar category, which includes both mutual funds and ETFs, and do not include the effect of sales charges. Percentile ranks range from 1 (top 1%) to 100 (least favorable), with no minimum number of funds per category. For example, for a category containing three funds, the ranks would be 1, 50, and 100.
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Media Contact Ivy McLemore Guggenheim Partners 212.518.9859 Ivy.McLemore@guggenheimpartners.com
