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Trending ETFs

Gotham Total Return Fund

mutual fund
GTRFX
Payout Change
Pending
Price as of:
$14.75 -0.03 -0.2%
primary theme
Long-Short Equity
share class
GTRFX (Mutual Fund)

Gotham Total Return Fund

Payout Change
Pending
Price as of:
$14.75 -0.03 -0.2%
primary theme
Long-Short Equity
share class
GTRFX (Mutual Fund)

Gotham Total Return Fund

Payout Change
Pending
Price as of:
$14.75 -0.03 -0.2%
primary theme
Long-Short Equity
share class

Name

As of 12/06/2024

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

$14.75

$15 M

2.65%

$0.39

1.78%

Vitals

YTD Return

20.8%

1 yr return

24.6%

3 Yr Avg Return

11.0%

5 Yr Avg Return

7.3%

Net Assets

$15 M

Holdings in Top 10

99.9%

52 WEEK LOW AND HIGH

$14.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 85.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/06/2024

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

$14.75

$15 M

2.65%

$0.39

1.78%

GTRFX - Profile

Distributions

  • YTD Total Return 20.8%
  • 3 Yr Annualized Total Return 11.0%
  • 5 Yr Annualized Total Return 7.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.68%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Gotham Total Return Fund
  • Fund Family Name
    Polen Advised Funds for FundVantage Trust and Polen Credit Opportunities Fund
  • Inception Date
    Mar 31, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Goldstein

Fund Description

The Fund seeks to achieve its objective primarily by investing in other funds managed by the Adviser as described below. By following the investment strategy described below, the Fund hopes to achieve its investment objective and in doing so, outperform the investment returns of the top ranked university endowments over a full market cycle, which is a period that includes both a bull (rising) market and a bear (falling) market cycle.

The Fund intends to allocate the majority of its assets among other investment companies advised or sub-advised by Gotham (each an “underlying fund” and collectively, the “underlying funds”). The underlying funds utilize long/short equity strategies with varying levels of net exposure (long positions less short positions) or long-only equity strategies. The Fund’s allocation to the underlying funds and investments may be rebalanced based on the Adviser’s current assessment of market conditions.

As a fund of funds, in addition to the underlying funds, the Fund may purchase shares of other registered investment companies where the investment adviser is not the same as, or affiliated with, Gotham, including ETFs. The Fund may also invest in equity or equity-related securities directly.

The Underlying Funds

Each of the underlying funds takes long positions in securities that the Adviser believes to be undervalued and, for those underlying funds that utilize a long/short strategy, 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. Certain of the underlying funds obtain some or all of their long and short exposure, respectively, through the use of one or more swaps. The underlying funds generally invest in companies traded on U.S. markets.

For each of the underlying funds, the Adviser employs a systematic bottom-up approach based on the Adviser’s proprietary analytical framework. 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, as applicable, shorts based on the Adviser’s assessment of value.

Generally, each underlying fund’s 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 of each underlying fund that utilizes a long/short strategy is generally weighted most heavily towards those short positions selling at the largest premium to the Adviser’s measures of value. The underlying funds are subject to the Adviser’s risk controls, which include liquidity and diversification considerations. The underlying funds are rebalanced (generally daily) to maintain exposure levels, manage risk and reposition the portfolios to reflect earnings releases and other new information related to particular companies. Because each underlying fund generally rebalances its long and, where applicable, short positions daily, the Fund and the underlying funds may each experience a high portfolio turnover rate.

An underlying fund may lend portfolio securities to brokers, dealers and other financial organizations meeting capital and other credit requirements or other criteria established by the Board of Trustees. Loans of portfolio securities will be collateralized by liquid securities and cash. An underlying fund may invest cash collateral received in securities consistent with its principal investment strategy.

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GTRFX - Performance

Return Ranking - Trailing

Period GTRFX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.8% -11.5% 45.1% 26.53%
1 Yr 24.6% -11.3% 51.1% 25.85%
3 Yr 11.0%* -8.3% 26.5% 22.73%
5 Yr 7.3%* -2.7% 23.6% 50.83%
10 Yr N/A* -3.9% 10.1% N/A

* Annualized

Return Ranking - Calendar

Period GTRFX Return Category Return Low Category Return High Rank in Category (%)
2023 7.2% -17.3% 43.8% 38.10%
2022 -18.1% -54.0% 17.4% 80.30%
2021 21.9% -40.0% 54.1% 15.08%
2020 -12.0% -47.6% 88.4% 86.67%
2019 6.1% -20.3% 62.6% 78.76%

Total Return Ranking - Trailing

Period GTRFX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.8% -11.5% 45.1% 26.53%
1 Yr 24.6% -11.3% 51.1% 25.85%
3 Yr 11.0%* -8.3% 26.5% 22.73%
5 Yr 7.3%* -2.7% 23.6% 50.83%
10 Yr N/A* -3.9% 10.1% N/A

* Annualized

Total Return Ranking - Calendar

Period GTRFX Return Category Return Low Category Return High Rank in Category (%)
2023 15.2% -14.5% 43.8% 24.49%
2022 -9.9% -54.0% 50.3% 66.67%
2021 27.8% -40.0% 61.6% 15.87%
2020 -11.4% -29.9% 91.0% 90.83%
2019 12.6% -17.9% 79.4% 47.79%

NAV & Total Return History


GTRFX - Holdings

Concentration Analysis

GTRFX Category Low Category High GTRFX % Rank
Net Assets 15 M 1.08 M 6.67 B 91.16%
Number of Holdings 6 3 2730 89.80%
Net Assets in Top 10 15.2 M -4.86 M 2.41 B 83.67%
Weighting of Top 10 99.92% -9.9% 110.8% 10.88%

Top 10 Holdings

  1. Gotham 1000 Value ETF 30.46%
  2. Gotham Value Fund 19.86%
  3. Gotham Enhanced SP 500 Index Fund 15.04%
  4. Gotham Hedged Core Fund 14.78%
  5. Gotham Neutral Fund 9.98%
  6. Gotham Defensive Long 500 Fund 9.81%

Asset Allocation

Weighting Return Low Return High GTRFX % Rank
Stocks
99.92% -0.13% 113.26% 1.36%
Cash
0.08% 0.00% 109.95% 98.64%
Preferred Stocks
0.00% -1.13% 6.36% 25.85%
Other
0.00% -57.63% 99.50% 49.66%
Convertible Bonds
0.00% -0.02% 4.48% 20.14%
Bonds
0.00% 0.00% 108.68% 38.78%

Stock Sector Breakdown

Weighting Return Low Return High GTRFX % Rank
Technology
19.61% 0.00% 43.24% 44.07%
Healthcare
16.18% 0.00% 100.00% 38.98%
Consumer Cyclical
12.97% 0.00% 88.83% 25.42%
Consumer Defense
12.67% 0.00% 19.75% 11.02%
Industrials
12.05% 0.00% 31.93% 42.37%
Communication Services
8.63% 0.00% 32.32% 34.75%
Financial Services
8.00% 0.00% 83.83% 79.66%
Basic Materials
3.48% 0.00% 28.58% 42.37%
Energy
3.47% 0.00% 32.57% 60.17%
Real Estate
1.66% 0.00% 10.93% 41.53%
Utilities
1.29% 0.00% 21.71% 53.39%

Stock Geographic Breakdown

Weighting Return Low Return High GTRFX % Rank
US
99.92% 0.00% 113.26% 1.36%
Non US
0.00% -2.95% 54.79% 32.65%

GTRFX - Expenses

Operational Fees

GTRFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.78% 0.42% 9.95% 68.71%
Management Fee 0.00% 0.00% 2.50% 0.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 1.54% N/A

Sales Fees

GTRFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GTRFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 2.00% 38.10%

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.

GTRFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 85.00% 0.00% 446.00% 49.56%

GTRFX - Distributions

Dividend Yield Analysis

GTRFX Category Low Category High GTRFX % Rank
Dividend Yield 2.65% 0.00% 27.22% 11.64%

Dividend Distribution Analysis

GTRFX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

GTRFX Category Low Category High GTRFX % Rank
Net Income Ratio 0.68% -3.33% 2.16% 9.66%

Capital Gain Distribution Analysis

GTRFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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GTRFX - Fund Manager Analysis

Managers

Robert Goldstein


Start Date

Tenure

Tenure Rank

Mar 31, 2015

7.17

7.2%

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.

Joel Greenblatt


Start Date

Tenure

Tenure Rank

Mar 31, 2015

7.17

7.2%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 5.96 7.93