# NAA Risk Managed Real Estate Fund (GURPX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/gurpx 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: 2015-05-01 The fund typically commits at least 80% of its capital to real estate-focused investments to achieve its objectives. This primarily involves taking both long and short positions in the stock of companies operating within the real estate industry, including Real Estate Investment Trusts (REITs). Furthermore, it invests in other equity-linked assets, such as individual securities, exchange-traded funds (ETFs), and derivatives, all designed to provide exposure to real estate businesses. ## Key Facts | Metric | Value | |---|---| | Price | $31.34 | | Expense Ratio | 1.66% | | Assets Under Management | $211.9M | | NAV | $31.34 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Quarterly | | 52-Week Range | $28.59 – $35.40 | | Beta | 0.98 | ## Latest Distribution - Amount: $0.0652 /share - Ex-date: 2025-03-26 - Pay date: 2025-03-27 ## Frequently Asked Questions ### What does GURPX invest in? The fund typically commits at least 80% of its capital to real estate-focused investments to achieve its objectives. This primarily involves taking both long and short positions in the stock of companies operating within the real estate industry, including Real Estate Investment Trusts (REITs). Furthermore, it invests in other equity-linked assets, such as individual securities, exchange-traded funds (ETFs), and derivatives, all designed to provide exposure to real estate businesses. ### What is the expense ratio of GURPX? NAA Risk Managed Real Estate Fund (GURPX) charges an expense ratio of 1.66%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is GURPX? NAA Risk Managed Real Estate Fund (GURPX) manages $211.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is GURPX actively managed or an index fund? GURPX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (GURPX's is 1.66%) in exchange for the discretion to over- or under-weight positions. ### When was GURPX launched? NAA Risk Managed Real Estate Fund (GURPX) launched in May 2015 and is managed by the fund issuer. ### How has GURPX performed? GURPX'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 GURPX pay a dividend? NAA Risk Managed Real Estate Fund (GURPX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does GURPX pay dividends? NAA Risk Managed Real Estate Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is GURPX's dividend yield? GURPX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is GURPX's next ex-dividend date? The most recently announced ex-dividend date for GURPX was 2025-03-26. 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 GURPX'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 GURPX charge its expense ratio? The expense ratio is deducted in tiny daily slices from GURPX'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 GURPX cost more than a fund like VOO? GURPX 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 GURPX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to GURPX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as GURPX (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/gurpx - Distribution history: https://www.dividenddata.com/funds/gurpx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/gurpx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/gurpx/expenses - Peer comparison: https://www.dividenddata.com/funds/gurpx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.