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Trending ETFs

Gotham Enhanced Return Fund

mutual fund
GENIX
Payout Change
Suspended
Price as of:
$13.45 +0.05 +0.37%
primary theme
U.S. Mid-Cap Blend Equity
share class
GENIX (Mutual Fund)

Gotham Enhanced Return Fund

Payout Change
Suspended
Price as of:
$13.45 +0.05 +0.37%
primary theme
U.S. Mid-Cap Blend Equity
share class
GENIX (Mutual Fund)

Gotham Enhanced Return Fund

Payout Change
Suspended
Price as of:
$13.45 +0.05 +0.37%
primary theme
U.S. Mid-Cap Blend Equity
share class

Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.45

$224 M

0.00%

1.78%

Vitals

YTD Return

16.8%

1 yr return

38.7%

3 Yr Avg Return

14.6%

5 Yr Avg Return

13.1%

Net Assets

$224 M

Holdings in Top 10

51.0%

52 WEEK LOW AND HIGH

$13.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 203.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.45

$224 M

0.00%

1.78%

GENIX - Profile

Distributions

  • YTD Total Return 16.8%
  • 3 Yr Annualized Total Return 14.6%
  • 5 Yr Annualized Total Return 13.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.36%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Gotham Enhanced Return Fund
  • Fund Family Name
    Gotham
  • Inception Date
    May 31, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joel Greenblatt

Fund Description

The Fund seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities, primarily companies traded on U.S. markets. The Fund seeks a total return greater than that of the S&P 500® Index (the “Index”) over a full market cycle, which is a period that includes both a bull (rising) market and a bear (falling) market cycle. The Fund generally takes long positions in securities that the Adviser believes to be undervalued and short positions in securities that the Adviser believes to be overvalued, based on the Adviser’s analysis of the issuer’s financial reports and market valuation. It is anticipated that the Fund will hold several hundred long positions and a similar number of short positions.

The Adviser seeks to capitalize on pricing inefficiencies in the market by employing a systematic, bottom-up, valuation approach based on the Adviser’s proprietary analytical framework to identify companies that appear to be undervalued or overvalued on both an absolute and relative basis. This approach consists of:

Researching and analyzing each company in the Adviser’s coverage universe according to a methodology that emphasizes fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure, and valuation;
Identifying and excluding companies that do not conform to the Adviser’s valuation methodology or companies judged by the Adviser to have questionable financial reporting;
Updating the analysis for earning releases, annual (Form 10-K) and quarterly (Form 10-Q) reports and other corporate filings; and
Recording analysis in a centralized database enabling the Adviser to compare companies and identify longs and shorts based on the Adviser’s assessment of value.

Generally, the long portfolio is weighted most heavily towards those stocks that are priced at the largest discount to the Adviser’s assessment of value. Similarly, the short portfolio is generally weighted most heavily towards those short positions selling at the largest premium to the Adviser’s measures of value. The portfolio is also subject to the Adviser’s risk controls, which include liquidity and diversification considerations. The Fund is rebalanced (generally daily) to maintain exposure levels, manage risk and reposition the portfolio to reflect earnings releases and other new information related to particular companies.

The Fund invests some or all of the long portion of the portfolio and may invest some or all of the short position of the portfolio, in one or more exchange-traded funds (“ETFs”) or mutual funds that invest (long and/or short) in U.S. securities. Such ETFs and mutual funds may include ETFs or mutual funds advised or sub-advised by the Adviser (each an “underlying fund” and collectively, the “underlying funds”).

The Adviser seeks to maintain the Fund’s net exposure, which is the value of the Fund’s long positions minus its short positions, in the range of approximately 70 – 100% during normal market conditions. The Adviser expects that the Fund’s gross exposure, which is the value of the Fund’s long positions plus its short positions, generally will not exceed 250% under normal circumstances. The Fund invests in companies of any size.

The Fund currently obtains its long exposure through direct investment in securities, investments in other ETFs and mutual funds and through one or more swaps and its short exposure through one or more swaps. The Fund may obtain some or all of its short exposure through investments in other ETFs and mutual funds. The Fund may also lend portfolio securities to brokers, dealers and other financial organizations meeting capital and other credit requirements or other criteria established by the Fund’s Board of Trustees. Loans of portfolio securities will be collateralized by liquid securities and cash. The Fund may invest cash collateral received in securities consistent with its principal investment strategy. Because the Fund generally rebalances its long and short positions daily, the Fund will experience a high portfolio turnover rate.

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GENIX - Performance

Return Ranking - Trailing

Period GENIX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.8% -6.8% 23.5% 1.66%
1 Yr 38.7% -0.5% 51.5% 1.38%
3 Yr 14.6%* -19.4% 19.1% 0.85%
5 Yr 13.1%* -0.5% 22.7% 8.70%
10 Yr 9.4%* 2.3% 13.1% 33.02%

* Annualized

Return Ranking - Calendar

Period GENIX Return Category Return Low Category Return High Rank in Category (%)
2023 13.7% -12.9% 28.8% 46.67%
2022 -18.4% -52.6% 20.1% 43.98%
2021 16.4% -43.8% 32.4% 34.00%
2020 -8.3% -10.6% 82.1% 99.70%
2019 -8.5% -8.5% 37.5% 100.00%

Total Return Ranking - Trailing

Period GENIX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.8% -6.8% 23.5% 1.66%
1 Yr 38.7% -0.5% 51.5% 1.38%
3 Yr 14.6%* -19.4% 19.1% 0.85%
5 Yr 13.1%* -0.5% 22.7% 8.70%
10 Yr 9.4%* 2.3% 13.1% 33.02%

* Annualized

Total Return Ranking - Calendar

Period GENIX Return Category Return Low Category Return High Rank in Category (%)
2023 25.3% 1.2% 31.3% 6.39%
2022 -12.0% -45.7% 21.1% 21.29%
2021 39.7% -30.2% 52.8% 0.86%
2020 -8.2% -8.4% 84.3% 99.70%
2019 21.2% 1.0% 43.4% 91.48%

NAV & Total Return History


GENIX - Holdings

Concentration Analysis

GENIX Category Low Category High GENIX % Rank
Net Assets 224 M 728 K 160 B 64.64%
Number of Holdings 1820 1 2667 1.10%
Net Assets in Top 10 101 M 155 K 11.7 B 47.24%
Weighting of Top 10 51.03% 4.3% 100.0% 8.03%

Top 10 Holdings

  1. Gotham Enhanced 500 ETF 23.62%
  2. Gotham 1000 Value ETF 22.41%
  3. Meta Platforms Inc 0.76%
  4. Super Micro Computer Inc 0.70%
  5. Microsoft Corp 0.68%
  6. Alphabet Inc 0.61%
  7. ServiceNow Inc 0.61%
  8. TRS META PLATFORMS INC 0.56%
  9. Parker-Hannifin Corp 0.55%
  10. Oracle Corp 0.54%

Asset Allocation

Weighting Return Low Return High GENIX % Rank
Stocks
94.52% 14.60% 101.42% 92.82%
Other
14.92% -1.04% 23.02% 1.10%
Preferred Stocks
0.00% 0.00% 14.30% 58.56%
Convertible Bonds
0.00% 0.00% 1.78% 57.46%
Cash
0.00% 0.00% 27.80% 98.34%
Bonds
0.00% 0.00% 62.14% 60.22%

Stock Sector Breakdown

Weighting Return Low Return High GENIX % Rank
Technology
24.54% 0.00% 40.65% 6.65%
Healthcare
15.03% 0.00% 24.06% 8.86%
Consumer Cyclical
14.20% 2.49% 46.48% 37.67%
Industrials
13.97% 0.00% 45.89% 68.14%
Communication Services
8.81% 0.00% 30.98% 5.54%
Consumer Defense
6.74% 0.00% 32.18% 15.24%
Basic Materials
5.33% 0.00% 16.35% 55.40%
Energy
5.18% 0.00% 58.13% 46.26%
Financial Services
4.13% 0.00% 46.10% 96.68%
Utilities
2.06% 0.00% 18.97% 75.62%
Real Estate
0.02% 0.00% 25.82% 91.41%

Stock Geographic Breakdown

Weighting Return Low Return High GENIX % Rank
US
94.52% 14.60% 101.42% 90.88%
Non US
0.00% 0.00% 10.11% 64.92%

GENIX - Expenses

Operational Fees

GENIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.78% 0.03% 19.40% 12.81%
Management Fee 1.31% 0.00% 1.50% 98.89%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

GENIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GENIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 95.65%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GENIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 203.00% 0.00% 304.00% 99.69%

GENIX - Distributions

Dividend Yield Analysis

GENIX Category Low Category High GENIX % Rank
Dividend Yield 0.00% 0.00% 29.78% 93.92%

Dividend Distribution Analysis

GENIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

GENIX Category Low Category High GENIX % Rank
Net Income Ratio -0.36% -2.06% 3.38% 86.67%

Capital Gain Distribution Analysis

GENIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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GENIX - Fund Manager Analysis

Managers

Joel Greenblatt


Start Date

Tenure

Tenure Rank

May 31, 2013

9.01

9.0%

Mr. Joel Greenblatt is the Founder and serves as Managing Principal & Co-Chief Investment Officer at Gotham Asset Management. Since 1996, he has been a professor on the adjunct faculty of Columbia Business School where he teaches "Value and Special Situation Investing." Mr. Greenblatt is a director of Pzena Investment Management, Inc., a global investment management firm. He formerly served on the Investment Boards of the University of Pennsylvania and the UJA Federation. Mr. Greenblatt is the author of You Can Be A Stock Market Genius (Simon & Schuster, 1997), The Little Book that Beats the Market (Wiley, 2005), The Little Book that Still Beats the Market (Wiley, 2010), and The Big Secret for the Small Investor (Random House, 2011). He is the Former Chairman of the Board (1994-1995) of Alliant Techsystems, an NYSE-listed aerospace and defense contractor. He holds a BS (1979), summa cum laude, and an MBA (1980) from the Wharton School of the University of Pennsylvania.

Robert Goldstein


Start Date

Tenure

Tenure Rank

May 31, 2013

9.01

9.0%

Mr. Robert Goldstein serves as Managing Principal & Co-Chief Investment Officer at Gotham Asset Management. Mr. Goldstein also founded and served as Managing Partner (1989-1997) of Metropolis Partners, value and special situation investment partnership managing capital on behalf of institutions and wealthy individuals before returning capital to outside investors at the end of 1997. Mr. Goldstein currently serves on the Board of Trustees of the Museum of the City of New York. He holds a BA (1988), magna cum laude, from Tufts University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 38.44 7.26 5.78