Guggenheim Market Neutral Real Estate Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.5%
1 yr return
0.5%
3 Yr Avg Return
0.0%
5 Yr Avg Return
1.8%
Net Assets
$42.4 M
Holdings in Top 10
60.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.20%
SALES FEES
Front Load 4.75%
Deferred Load N/A
TRADING FEES
Turnover 264.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GUMAX - Profile
Distributions
- YTD Total Return -0.5%
- 3 Yr Annualized Total Return 0.0%
- 5 Yr Annualized Total Return 1.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.29%
- Dividend Yield 2.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGuggenheim Market Neutral Real Estate Fund
-
Fund Family NameGuggenheim
-
Inception DateFeb 26, 2016
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSamir Sanghani
Fund Description
GUMAX - Performance
Return Ranking - Trailing
Period | GUMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -11.6% | 15.8% | 91.00% |
1 Yr | 0.5% | -33.0% | 41.7% | 84.47% |
3 Yr | 0.0%* | -10.5% | 13.4% | 47.96% |
5 Yr | 1.8%* | -4.8% | 11.1% | 28.92% |
10 Yr | N/A* | -4.6% | 7.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | GUMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.6% | -31.7% | 23.2% | 16.33% |
2022 | -4.1% | -20.7% | 10.7% | 30.93% |
2021 | 2.2% | -12.4% | 14.7% | 44.44% |
2020 | 6.2% | -13.2% | 12.9% | 56.96% |
2019 | 1.8% | -11.7% | 7.9% | N/A |
Total Return Ranking - Trailing
Period | GUMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -11.7% | 15.8% | 92.00% |
1 Yr | 0.5% | -33.0% | 41.7% | 93.20% |
3 Yr | 0.0%* | -10.5% | 13.4% | 61.22% |
5 Yr | 1.8%* | -4.8% | 11.1% | 39.76% |
10 Yr | N/A* | -4.6% | 7.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | GUMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.0% | -31.7% | 23.2% | 16.33% |
2022 | -4.1% | -20.7% | 10.7% | 30.93% |
2021 | 2.3% | -12.4% | 14.7% | 51.11% |
2020 | 6.4% | -12.7% | 12.9% | 75.95% |
2019 | 6.0% | -11.5% | 13.2% | N/A |
NAV & Total Return History
GUMAX - Holdings
Concentration Analysis
GUMAX | Category Low | Category High | GUMAX % Rank | |
---|---|---|---|---|
Net Assets | 42.4 M | 105 K | 12.6 B | 63.46% |
Number of Holdings | 29 | 5 | 2526 | 89.42% |
Net Assets in Top 10 | 25.8 M | -619 M | 6.53 B | 31.73% |
Weighting of Top 10 | 60.82% | 7.6% | 96.1% | 15.85% |
Top 10 Holdings
- Goldman Sachs Financial Square Treasury Instruments Fund - Institutional Shares 24.66%
- Invitation Homes, Inc. 5.40%
- Ryman Hospitality Properties, Inc. 4.74%
- Boston Properties, Inc. 4.55%
- Rexford Industrial Realty, Inc. 4.12%
- Ventas, Inc. 3.68%
- Brixmor Property Group, Inc. 3.49%
- Agree Realty Corp. 3.44%
- VICI Properties, Inc. 3.37%
- Alexandria Real Estate Equities, Inc. 3.36%
Asset Allocation
Weighting | Return Low | Return High | GUMAX % Rank | |
---|---|---|---|---|
Stocks | 71.88% | -57.09% | 325.56% | 24.04% |
Cash | 27.93% | -225.56% | 102.75% | 45.19% |
Other | 0.19% | -11.90% | 43.69% | 94.23% |
Preferred Stocks | 0.00% | 0.00% | 5.67% | 62.50% |
Convertible Bonds | 0.00% | 0.00% | 95.47% | 69.23% |
Bonds | 0.00% | -1.04% | 63.30% | 71.15% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GUMAX % Rank | |
---|---|---|---|---|
Real Estate | 100.00% | 0.00% | 93.91% | 2.15% |
Utilities | 0.00% | 0.00% | 66.28% | 82.80% |
Technology | 0.00% | 0.00% | 100.00% | 93.55% |
Industrials | 0.00% | 0.00% | 27.58% | 91.40% |
Healthcare | 0.00% | 0.00% | 27.28% | 89.25% |
Financial Services | 0.00% | 0.00% | 98.37% | 95.70% |
Energy | 0.00% | 0.00% | 53.30% | 86.02% |
Communication Services | 0.00% | 0.00% | 33.72% | 89.25% |
Consumer Defense | 0.00% | 0.00% | 30.58% | 84.95% |
Consumer Cyclical | 0.00% | 0.00% | 29.06% | 63.44% |
Basic Materials | 0.00% | 0.00% | 42.74% | 93.55% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GUMAX % Rank | |
---|---|---|---|---|
US | 71.88% | -55.82% | 325.56% | 22.12% |
Non US | 0.00% | -7.09% | 86.98% | 64.42% |
GUMAX - Expenses
Operational Fees
GUMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.20% | 0.73% | 9.52% | 47.57% |
Management Fee | 1.10% | 0.13% | 1.65% | 49.04% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 49.15% |
Administrative Fee | N/A | 0.06% | 0.40% | N/A |
Sales Fees
GUMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.75% | 2.75% | 5.75% | 72.22% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
GUMAX 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.
GUMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 264.00% | 30.00% | 483.00% | 86.52% |
GUMAX - Distributions
Dividend Yield Analysis
GUMAX | Category Low | Category High | GUMAX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.33% | 0.00% | 0.75% | 47.12% |
Dividend Distribution Analysis
GUMAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
GUMAX | Category Low | Category High | GUMAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.29% | -2.49% | 4.20% | 49.51% |
Capital Gain Distribution Analysis
GUMAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.630 | OrdinaryDividend |
Sep 30, 2021 | $0.021 | OrdinaryDividend |
Dec 19, 2019 | $1.047 | OrdinaryDividend |
GUMAX - 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 |
---|---|---|---|
0.08 | 30.59 | 6.3 | 9.42 |