|By PR Newswire||
|August 12, 2014 07:45 AM EDT||
MADISON, N.J., Aug. 12, 2014 /PRNewswire/ -- Giralda Advisors, an asset management firm committed to delivering risk-managed investment solutions with a particular focus on long-term growth, today announced a significant milestone – The Giralda Fund, which recently reached its three-year anniversary, earned a 4-Star Overall Morningstar Rating™ versus 148 funds in the Long/Short Equity Category for the three-year period ending July 31, 2014, based on risk- adjusted returns.
The Morningstar Ratings are a measure of the fund's risk-adjusted returns over the previous three-year timeframe, relative to other funds in the same Morningstar category. The ratings range from 1 to 5 Stars. The best performers (top 10%) receive 5 Stars, and the next 22.5% receive 4 Stars. The Giralda Fund ranked in the top quartile of its category.
"We are thrilled to celebrate our fund's three-year anniversary with a 4-Star Overall Morningstar Rating and top-quartile ranking," said Jerry Miccolis, CFA®, CFP®, FCAS, CERA, chief investment officer of Giralda Advisors. "Our team maintains a strict focus on downside risk management as we remain fully invested in the equity markets. I believe the Morningstar Rating illustrates our success in providing the risk-adjusted returns investors are seeking."
The Giralda Fund seeks to provide primarily U.S. large cap equity exposure with several layers of downside risk management. The managers' goal is to limit asset depreciation during both protracted and catastrophic market downturns, while allowing asset appreciation in up-trending markets. The Giralda team believes that, over the long term, seeking capital appreciation with a focus on risk management has the potential to create a winning wealth creation strategy.
The Giralda Fund is currently closed to new investors; however, the firm recently created the Giralda Risk Managed Growth Fund (GRGIX), which shares the same objective, strategy, management, and operations as The Giralda Fund.
Giralda Advisors is part of Montage Investments, a diverse group of institutional investment managers that together manage nearly $27 billion for a wide range of investors. Montage supports Giralda's efforts through its team of 32 distribution professionals, who are located throughout the country.
According to Gary P. Henson, CFA®, CFP®, chief investment officer of Montage Investments, "Congratulations to the Giralda team on the recent Morningstar Ratings. These ratings support what we at Montage have long believed – that Giralda is well positioned to help investors achieve their goals, across various market cycles. At Montage, we continuously strive to develop innovative products to support wealth advisors and their clients."
About Giralda Advisors
Giralda Advisors is an asset management firm that focuses on providing risk-managed exposure to the equity markets with a goal of limiting asset depreciation during both protracted and catastrophic market downturns while allowing full asset appreciation in up-trending markets. The Giralda Fund seeks to provide investors the opportunity to remain fully invested in the equity markets by focusing on risk management in an effort to reduce the risk of loss during adverse market conditions.
About Montage Investments
Montage Investments provides institutional-caliber investments to investors and the financial professionals who serve them. Through a family of independent asset managers, unified by deep market insight and fundamental research, Montage offers alternative investment solutions across the spectrum of asset classes and strategies that include mutual funds, closed-end funds and separate accounts. Collectively, Montage Investments managed nearly $27 billion as of June 30, 2014.
Investors should carefully consider the investment objectives, risks, charges and expenses of The Giralda Fund. A purchase can be transacted directly with the mutual fund company. No-load mutual funds are sold without a sales charge; however, they have ongoing expenses, such as management fees. The expense ratio for the Fund is 0.18%. Total annual fund operating expenses of the Fund are 0.43% including "acquired fund fees and expenses" (i.e., the fees and expenses embedded in the underlying investments, such as ETFs, within the Fund). The Fund's investment adviser has contractually agreed to waive its fees, at least until October 31, 2014. Without this waiver, the Fund's total annual operating expenses would be 1.43% including "acquired fund fees and expenses." This and other important information about The Giralda Fund is contained in the prospectus, which can be obtained at www.thegiraldafund.com or by calling 855-447-2532 (855-GIRALDA). The prospectus should be read carefully before investing.
Investors should carefully consider the investment objectives, risks, charges and expenses of The Giralda Risk-Managed Growth Fund. A purchase can be transacted directly with the mutual fund company. No-load mutual funds are sold without a sales charge; however, they have ongoing expenses, such as management fees. The expense ratio of GRGIX is 1.30%. Total annual fund operating expenses of GRGIX are 1.55% including "acquired fund fees and expenses" (i.e., the fees and expenses embedded in the underlying investments, such as ETFs, within the Fund). The Fund's investment adviser has contractually agreed to reduce its fees and/or absorb expenses of the Fund, at least until June 30, 2015, to ensure that the expense ratio will not exceed 1.30%, attributable to Class I shares, subject to possible recoupment from the Fund in future years. Without these waivers, the Fund's total annual operating expenses would be 2.07% including "acquired fund fees and expenses." This and other important information about The Giralda Risk-Managed Growth Fund is contained in the prospectus, which can be obtained at www.grgix.com or by calling 855-447-2532 (855-GIRALDA). The prospectus should be read carefully before investing.
The Giralda Fund and the Giralda Risk-Managed Growth Fund are distributed by Northern Lights Distributors, LLC member FINRA. Giralda Advisors, LLC, is not affiliated with Northern Lights Distributors, LLC.
Mutual Funds involve risk including the possible loss of principal. ETFs and mutual funds are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks could include liquidity risk and sector risk, as well as risks associated with fixed income securities, real estate investments, and commodities, to name a few. Investments in foreign securities could subject the Fund to greater risks including, currency fluctuation, economic conditions, and different governmental and accounting standards. In addition to the risks generally associated with investing in securities of foreign companies, countries with emerging markets also may have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues.
Investments in lesser-known, small and medium capitalization companies may be more vulnerable than larger, more established organizations.
As a non-diversified fund, the Fund may be more vulnerable to any single economic, business, political or regulatory occurrence than a diversified investment company fund. Real estate values rise and fall in response to a variety of factors, including local, regional and national economic conditions, interest rates and tax considerations. Investing in the commodities markets will subject the Fund to potentially greater volatility than traditional securities. Derivative instruments involve risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Equity market-related structured notes involve leverage risk, tracking risk and issuer default risk.
©2014 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. The Giralda Fund was rated against 148 funds in Long/Short Equity category the last three years. With respect to these funds, The Giralda Fund ranked in the top 25%, and received a Morningstar Rating of 4 stars, for the three-year period.
SOURCE Giralda Advisors
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