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Gotham Large Value Fund
mutual fund
GVALX
Payout Change
Pending
Price as of:
$15.81
-0.04
-0.25%
primary theme
U.S. Large-Cap Value Equity
share class
GVALX (Mutual Fund)
Gotham Large Value Fund
Payout Change
Pending
Price as of:
$15.81
-0.04
-0.25%
primary theme
U.S. Large-Cap Value Equity
share class
GVALX (Mutual Fund)
Gotham Large Value Fund
Payout Change
Pending
Price as of:
$15.81
-0.04
-0.25%
primary theme
U.S. Large-Cap Value Equity
share class
Name
As of 12/13/2024Price
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
Vitals
YTD Return
15.9%
1 yr return
17.2%
3 Yr Avg Return
7.3%
5 Yr Avg Return
10.3%
Net Assets
$35.5 M
Holdings in Top 10
17.3%
52 WEEK LOW AND HIGH
$15.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.21%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 226.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
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
GVALX - Profile
Distributions
- YTD Total Return 15.9%
- 3 Yr Annualized Total Return 7.3%
- 5 Yr Annualized Total Return 10.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.29%
- Dividend Yield 1.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameGotham Large Value Fund
-
Fund Family NamePolen Advised Funds for FundVantage Trust and Polen Credit Opportunities Fund
-
Inception DateDec 31, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoel Greenblatt
Fund Description
The Fund seeks to achieve its investment objective by investing under normal circumstances in long positions of equity securities. The Fund seeks a total return greater than that of the S&P 500® 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 will primarily invest in common stocks of U.S. companies listed in the S&P 500® Index, but may invest in other large capitalization companies, primarily selected from the largest 500 – 700 U.S. companies based on market capitalization. The Fund will generally take long positions in securities that the Adviser believes to be undervalued based on the Adviser’s analysis of the issuer’s financial reports and market valuation.
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 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 based on the Adviser’s assessment of value. |
Generally, the portfolio is weighted most heavily towards those stocks that are priced at the largest discount to the Adviser’s assessment 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 manage risk and reposition the portfolio to reflect earnings releases and other new information related to particular companies. Because the Fund generally rebalances its positions daily, the Fund will experience a high portfolio turnover rate.
GVALX - Performance
Return Ranking - Trailing
| Period | GVALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.9% | -12.3% | 48.1% | 47.94% |
| 1 Yr | 17.2% | -7.1% | 60.7% | 50.47% |
| 3 Yr | 7.3%* | -4.2% | 31.7% | 52.33% |
| 5 Yr | 10.3%* | 0.1% | 45.6% | 42.11% |
| 10 Yr | N/A* | 1.8% | 25.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | GVALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.3% | -16.9% | 46.1% | 80.22% |
| 2022 | -13.3% | -64.7% | 4.6% | 63.06% |
| 2021 | 8.4% | -44.2% | 57.5% | 81.31% |
| 2020 | 1.8% | -23.2% | 285.0% | 28.99% |
| 2019 | 25.9% | -21.4% | 48.5% | 8.68% |
Total Return Ranking - Trailing
| Period | GVALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.9% | -12.3% | 48.1% | 47.94% |
| 1 Yr | 17.2% | -7.1% | 60.7% | 50.47% |
| 3 Yr | 7.3%* | -4.2% | 31.7% | 52.33% |
| 5 Yr | 10.3%* | 0.1% | 45.6% | 42.11% |
| 10 Yr | N/A* | 1.8% | 25.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | GVALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.7% | -15.9% | 46.7% | 44.61% |
| 2022 | -6.8% | -42.0% | 8.5% | 61.25% |
| 2021 | 29.0% | 3.6% | 129.7% | 19.37% |
| 2020 | 3.4% | -22.6% | 304.8% | 45.54% |
| 2019 | 29.0% | -12.7% | 52.1% | 15.50% |
NAV & Total Return History
GVALX - Holdings
Concentration Analysis
| GVALX | Category Low | Category High | GVALX % Rank | |
|---|---|---|---|---|
| Net Assets | 35.5 M | 126 K | 163 B | 92.43% |
| Number of Holdings | 239 | 2 | 1727 | 7.29% |
| Net Assets in Top 10 | 5.88 M | 466 K | 39.5 B | 96.64% |
| Weighting of Top 10 | 17.34% | 4.4% | 99.1% | 94.76% |
Top 10 Holdings
- Caterpillar Inc 2.29%
- Philip Morris International Inc 2.24%
- Lowe's Cos Inc 1.95%
- General Electric Co 1.88%
- QUALCOMM Inc 1.86%
- Coca-Cola Co/The 1.54%
- Lockheed Martin Corp 1.45%
- Home Depot Inc/The 1.42%
- Chevron Corp 1.39%
- Verizon Communications Inc 1.33%
Asset Allocation
| Weighting | Return Low | Return High | GVALX % Rank | |
|---|---|---|---|---|
| Stocks | 99.09% | 4.16% | 102.49% | 33.64% |
| Cash | 0.91% | 0.00% | 17.28% | 64.86% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 52.99% |
| Other | 0.00% | -2.59% | 39.89% | 59.72% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 49.95% |
| Bonds | 0.00% | 0.00% | 97.99% | 52.06% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GVALX % Rank | |
|---|---|---|---|---|
| Technology | 19.61% | 0.00% | 54.02% | 6.32% |
| Industrials | 15.85% | 0.00% | 42.76% | 8.58% |
| Financial Services | 13.99% | 0.00% | 58.05% | 88.21% |
| Healthcare | 12.97% | 0.00% | 30.08% | 87.55% |
| Consumer Cyclical | 10.70% | 0.00% | 22.74% | 8.11% |
| Consumer Defense | 8.78% | 0.00% | 34.10% | 43.30% |
| Energy | 6.37% | 0.00% | 54.00% | 72.36% |
| Basic Materials | 4.45% | 0.00% | 21.69% | 24.43% |
| Communication Services | 4.00% | 0.00% | 26.58% | 75.28% |
| Real Estate | 2.47% | 0.00% | 90.54% | 52.36% |
| Utilities | 0.82% | 0.00% | 27.04% | 84.72% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GVALX % Rank | |
|---|---|---|---|---|
| US | 99.09% | 4.16% | 102.49% | 27.57% |
| Non US | 0.00% | 0.00% | 24.08% | 65.89% |
GVALX - Expenses
Operational Fees
| GVALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.21% | 0.03% | 14.82% | 27.67% |
| Management Fee | 0.75% | 0.00% | 1.50% | 84.91% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| GVALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| GVALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 1.00% | 2.00% | 83.93% |
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.
| GVALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 226.00% | 0.00% | 488.00% | 98.14% |
GVALX - Distributions
Dividend Yield Analysis
| GVALX | Category Low | Category High | GVALX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.42% | 0.00% | 16.67% | 7.02% |
Dividend Distribution Analysis
| GVALX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| GVALX | Category Low | Category High | GVALX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.29% | -1.51% | 4.28% | 53.01% |
Capital Gain Distribution Analysis
| GVALX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 06, 2023 | $0.224 | OrdinaryDividend |
| Dec 06, 2023 | $1.108 | CapitalGainLongTerm |
| Dec 07, 2022 | $1.021 | OrdinaryDividend |
| Dec 08, 2021 | $2.872 | OrdinaryDividend |
| Dec 10, 2020 | $0.231 | OrdinaryDividend |
| Dec 12, 2019 | $0.227 | OrdinaryDividend |
| Dec 12, 2019 | $0.031 | CapitalGainShortTerm |
| Dec 12, 2019 | $0.080 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.021 | CapitalGainShortTerm |
| Dec 13, 2018 | $0.084 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.014 | OrdinaryDividend |
| Dec 14, 2017 | $0.092 | CapitalGainShortTerm |
| Dec 14, 2017 | $1.241 | CapitalGainLongTerm |
| Dec 14, 2017 | $0.276 | OrdinaryDividend |
| Dec 14, 2016 | $0.261 | OrdinaryDividend |
GVALX - Fund Manager Analysis
Managers
Joel Greenblatt
Start Date
Tenure
Tenure Rank
Dec 31, 2015
6.42
6.4%
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
Dec 31, 2015
6.42
6.4%
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 |
|---|---|---|---|
| 0.05 | 86.59 | 8.12 | 6.71 |
