|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
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
Oct. 21, 2016 01:00 PM EDT Reads: 913
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
Oct. 21, 2016 01:00 PM EDT Reads: 896
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Oct. 21, 2016 12:45 PM EDT Reads: 1,321
SYS-CON Events announced today that MathFreeOn will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
Oct. 21, 2016 12:15 PM EDT Reads: 860
SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
Oct. 21, 2016 12:00 PM EDT Reads: 671
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
Oct. 21, 2016 12:00 PM EDT Reads: 8,045
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Oct. 21, 2016 10:50 AM EDT Reads: 197
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Oct. 21, 2016 10:45 AM EDT Reads: 1,636
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Oct. 21, 2016 10:30 AM EDT Reads: 536
SYS-CON Events announced today that Transparent Cloud Computing (T-Cloud) Consortium will exhibit at the 19th International Cloud Expo®, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The Transparent Cloud Computing Consortium (T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data proces...
Oct. 21, 2016 10:30 AM EDT Reads: 1,223
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
Oct. 21, 2016 10:15 AM EDT Reads: 1,374
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
Oct. 21, 2016 09:30 AM EDT Reads: 431
Successful transition from traditional IT to cloud computing requires three key ingredients: an IT architecture that allows companies to extend their internal best practices to the cloud, a cost point that allows economies of scale, and automated processes that manage risk exposure and maintain regulatory compliance with industry regulations (FFIEC, PCI-DSS, HIPAA, FISMA). The unique combination of VMware, the IBM Cloud, and Cloud Raxak, a 2016 Gartner Cool Vendor in IT Automation, provides a co...
Oct. 21, 2016 09:30 AM EDT Reads: 1,124
Donna Yasay, President of HomeGrid Forum, today discussed with a panel of technology peers how certification programs are at the forefront of interoperability, and the answer for vendors looking to keep up with today's growing industry for smart home innovation. "To ensure multi-vendor interoperability, accredited industry certification programs should be used for every product to provide credibility and quality assurance for retail and carrier based customers looking to add ever increasing num...
Oct. 21, 2016 09:15 AM EDT Reads: 263
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
Oct. 21, 2016 08:45 AM EDT Reads: 1,369