Global X GURU Index ETF Awarded 5-Stars from Morningstar
NEW YORK, Sept. 17, 2015 /PRNewswire/ -- Global X Funds (Global X), the New York-based provider of exchange-traded funds (ETFs), today announced that the Global X GURU Index ETF (NYSE Arca: GURU) has been awarded a 5 star Morningstar rating based on the fund's risk adjusted performance and fee levels over its 3 year history. Only 10% of the 45 Funds in the Large Blend category, as of July 31st, are awarded the five star rating.
GURU invests in the largest equity positions of established hedge funds. It can serve as a core domestic equity allocation, providing investors access to investment ideas gathered from some of the industry's top hedge funds.
The index methodology is systematically applied each quarter to information publicly available in 13F filings. The index employs a number of filters to identify the hedge fund gurus and creates an equal-weighted index with the largest, and therefore highest conviction positions disclosed by these hedge funds.
"We're pleased that Morningstar has recognized GURU with a 5-star Morningstar rating," said Global X CEO Bruno del Ama. "This ranking is yet another example of GURU's value proposition, and demonstrates that when done properly, and in accordance with academic studies, 13F tracking can be a valuable source of alpha for investors."
From the fund's inception on June 4, 2012 through August 31, 2015, GURU had a total return of 77.55%, outperforming the S&P 500 by 12.26%.
| Since Inception |
Annualized Since Inception* |
|||
|
1 Year |
||||
| As of: |
8/31/15 |
6/30/2015 |
6/30/2015 |
|
| NAV |
77.55% |
0.67% |
22.90% |
|
| Market Price |
77.47% |
0.63% |
22.88% |
|
| Guru Index |
80.87% |
1.09% |
23.63% |
|
| Total Expenses |
0.75% |
|||
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 1-888-GXFUND-1 or visit our website at www.globalxfunds.com. The inception date of the fund is 06/04/2012.
ABOUT GLOBAL X
Global X is a New York-based sponsor of exchange-traded funds (ETFs) and seeks to provide access to high quality and cost efficient investment solutions. Founded in 2008, Global X is recognized for its smart core, income, alpha, risk management and access suites of ETFs. With over 40 funds available across U.S. and foreign exchanges, Global X is one of the fastest growing, most nimble issuers of ETFs. For more information about these ETFs, please visit www.globalxfunds.com.
Alpha: excess return relative to a benchmark index
Disclosure
Investing involves risk, including the possible loss of principal. The 13F filings used to select the securities in the Underlying Index are filed by each hedge fund approximately 45 days after the end of each calendar quarter. Therefore a given hedge fund may have already sold its position by the time of the 13F filing. High short-term performance of the fund is unusual and investors should not expect such performance to be repeated. The fund's manager has the ability to employ up to 20% leverage, which may accelerate the velocity of potential gains or losses. The fund invests in small and mid-capitalization companies, which have greater volatility and less financial resources than large-capitalization companies. Furthermore, the fund may hold foreign securities which are subject to different risks than domestic securities, including foreign currency fluctuation, different financial and accounting standards, and political instability. This information is not intended to be individual or personalized investment or tax advice. Please consult a financial advisor or tax professional for more information regarding your tax situation. The fund is required to distribute income and capital gains which may be taxable. Buying and selling shares will result in brokerage commissions and tax consequences. Shares are only available through brokerage accounts which may have minimum requirements. Only whole shares may be purchased.
Solactive AG Indexes have been licensed for use by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by Solactive AG, nor does this company make any representations regarding the advisability of investing in the Global X Funds. Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company or any of its affiliates.
Carefully consider the fund's investment objectives, risks, and charges and expenses. This and other information can be found in the fund's prospectus which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Please read the prospectus carefully before investing.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange.
© 2015 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (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.
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% receives 2 stars and the bottom 10% receive 1 star. 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 Ratings metrics.
As of July 31, 2015, The Global X GURUTM Index ETF was rated against the following numbers of U.S.-domiciled Large Blend funds over the following time period: 45 funds in the last three years in which it received a 5 star rating. Past performance is no guarantee of future results.
SOURCE Global X Funds
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