# NAA Risk Managed Real Estate Fund Class A (GURAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/gurax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2014-03-27 The fund generally allocates a minimum of 80% of its total assets—which includes both its net assets and any capital obtained through borrowing for investment purposes—into investments targeting the real estate industry. These investments comprise two categories: (i) equity holdings, both long and short positions, in companies whose primary business is real estate, exemplified by Real Estate Investment Trusts (REITs); and (ii) other instruments designed to provide equity-like exposure to real estate entities, such as individual stocks, Exchange-Traded Funds (ETFs), and various derivatives. ## Key Facts | Metric | Value | |---|---| | Price | $34.39 | | Expense Ratio | 1.66% | | AUM (All Share Classes) | $179.2M | | NAV | $34.39 | | Holdings Count | — | | Distribution Yield (TTM) | 1.87% | | Annual Distribution (TTM) | $0.64 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $31.55 – $37.94 | | Beta | 0.88 | ## Latest Distribution - Amount: $0.1191 /share - Ex-date: 2026-09-25 - Pay date: 2026-09-28 ## Frequently Asked Questions ### What does GURAX invest in? The fund generally allocates a minimum of 80% of its total assets—which includes both its net assets and any capital obtained through borrowing for investment purposes—into investments targeting the real estate industry. These investments comprise two categories: (i) equity holdings, both long and short positions, in companies whose primary business is real estate, exemplified by Real Estate Investment Trusts (REITs); and (ii) other instruments designed to provide equity-like exposure to real estate entities, such as individual stocks, Exchange-Traded Funds (ETFs), and various derivatives. ### What is the expense ratio of GURAX? NAA Risk Managed Real Estate Fund Class A (GURAX) charges an expense ratio of 1.66%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is GURAX? NAA Risk Managed Real Estate Fund Class A (GURAX) is one share class of a fund that manages $179.2M across all of its share classes (GURIX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is GURAX actively managed or an index fund? GURAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (GURAX's is 1.66%) in exchange for the discretion to over- or under-weight positions. ### When was GURAX launched? NAA Risk Managed Real Estate Fund Class A (GURAX) launched in March 2014 and is managed by the fund issuer. ### How has GURAX performed? GURAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does GURAX pay a dividend? NAA Risk Managed Real Estate Fund Class A (GURAX) currently distributes little or no income. Trailing-twelve-month yield is 1.87%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does GURAX pay dividends? NAA Risk Managed Real Estate Fund Class A pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is GURAX's dividend yield? GURAX's trailing-twelve-month yield is 1.87%, calculated from the sum of dividends over the past year divided by the current price. ### When is GURAX's next ex-dividend date? The most recently announced ex-dividend date for GURAX was 2026-09-25. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will GURAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.66% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does GURAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from GURAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does GURAX cost more than a fund like VOO? GURAX is actively managed (current expense ratio 1.66%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether GURAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to GURAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as GURAX (1.66%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/gurax - Distribution history: https://www.dividenddata.com/funds/gurax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/gurax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/gurax/expenses - Peer comparison: https://www.dividenddata.com/funds/gurax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.