GURIX – NAA Risk Managed Real Estate Inst Investment Strategy | Morningstar

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Strategy

The investment seeks to provide total return through capital appreciation and current income. The fund pursues its investment objective by investing, under normal circumstances, at least 80% of its assets 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 issuers primarily engaged in the real estate industry.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
GURIX	NAA Risk Managed Real Estate Fund Institutional	Institutional	Open			Mar 28, 2014	$167.06M	0.920%	Average	$2M	−$38.48M
GURAX	NAA Risk Managed Real Estate Fund A	Front Load	Open			Mar 28, 2014	$10.30M	1.240%	Average	$2,500	−$1.64M
GURCX	NAA Risk Managed Real Estate Fund C	Level Load	Open			Mar 28, 2014	$2.79M	1.940%	Average	$2,500	−$1.15M

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