Gotham Enhanced Return Fund (GENIX)

100% Net Long* (e.g., 170% long - 70% short)

NAV $9.70

Daily Return -0.72%

Since Inception Return (Cum) 61.67%

Minimum Investment$250,000
Fund Net Assets$219,373,568
Inception DateMay 31, 2013
As of 10/30/2020

Investment Overview

The Gotham Enhanced Return Fund (the "Fund") is a long/short U.S. equity fund with a net long exposure of 100% (e.g., 170% long vs. 70% short = 100% net long). The Fund seeks long-term capital appreciation greater than that of the S&P 500® Index over a full market cycle. Joel Greenblatt and Robert Goldstein are the Managing Principals and Co-CIOs of Gotham Asset Management, LLC, the Advisor to this Fund.

Investment Strategy & Process

Gotham's proprietary equity research and risk controls are used to select long and short stock portfolios primarily from the U.S. large and mid-cap range.

The Co-CIOs and their team of equity analysts employ Gotham’s proprietary analytical framework to evaluate stocks within the coverage universe on measures of absolute and relative value.

The long portfolio is rebalanced daily to weight most heavily those stocks that are priced at the largest discount to Gotham's assessment of value. In general, as a company appears cheaper its weight in the portfolio increases.

Similarly, the short portfolio is rebalanced daily to weight most heavily those short positions selling at the largest premium to Gotham's measures of value.

Risk for the Fund's integrated long/short portfolio is managed following a disciplined proprietary process limiting concentration in any one company, industry or sector. In addition, gross and net exposures are managed daily to remain within carefully defined ranges.

Performance as of 09/30/2020

  Month Trailing 3
YTD 1 YEAR 3 YEAR 5 YEAR Since Inception Annualized1 Since Inception Cumulative1
Gotham Enhanced Return Fund - GENIX -2.58% 6.47% -12.21% -6.81% 2.88% 6.45% 7.52% 70.17%
S&P 500 -3.80% 8.93% 5.57% 15.15% 12.28% 14.15% 12.64% 139.45%

1Inception date: May 31, 2013

Please click here to view quarterly standardized performance

Composition & Holdings as of 09/30/2020

Portfolio Exposures
Long 171.83%
Short -72.87%
Net 98.95%
Gross 244.70%
Portfolio Composition
Long Holdings 677
Short Holdings 484
Net Sector Allocation (% of Equity)
Information Tech 31.33%
Consumer Disc 15.57%
Health Care 12.36%
Communication Services 12.01%
Industrials 10.26%
Consumer Staples 8.90%
Materials 3.64%
Financials 3.26%
Energy 1.46%
Utilities 0.17%

Fees & Minimums

Purchase of Shares
Investment Minimum $250,000
Additional Investment Minimum $5,000

Annual Fund Operating Expenses
Gross Expense Ratio1 1.65%
Net Expense Ratio2 1.50%
Distribution (12b-1) Fee None

Shareholder Fees
Sales Load None
Deferred Sales Load None
Redemption Fees (within 30 days) 1.00%

Purchase Directly through the Fund Family (See Below)


Available at the Following Firms:

  • 1.

    To purchase directly, Complete Online Application for Non-Retirement Account or Retirement Account:

    CLICK HERE for the application

  • 2.

    Any questions?


    If you have any questions, please contact Shareholder Services at (877) 974-6852 Monday – Friday 9:00am to 5:00pm ET.