Gotham Total Return Fund (GTRFX)

Allocation Strategy

NAV $13.17

Daily Return -0.08%

Since Inception Return (Cum) 36.91%

TickerGTRFX
CUSIP360875587
Minimum Investment$250,000
Fund Net Assets$31,041,799
Inception DateMarch 31, 2015
As of 09/20/2019

Investment Overview

The Gotham Total Return Fund (the “Fund”) is an allocation strategy that invests in underlying Gotham mutual funds. The underlying fund allocations will be rebalanced according to our assessment of market conditions to manage both net exposure and beta. The Fund seeks long-term capital appreciation by investing in underlying Gotham mutual funds and in doing so aims to outperform the investment returns of top ranked university endowments over a full market cycle, which includes bull (rising) and bear (falling) markets.

Investment Strategy & Process

Gotham's proprietary equity research and risk controls are used to select long and short stock portfolios from a diverse market capitalization universe.

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 portfolios of the underlying funds are 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 portfolios of the underlying funds are rebalanced daily to weight most heavily those short positions selling at the largest premium to Gotham's measures of value.

Risk for the underlying funds are managed by limiting concentration in anyone company, industry or sector. In addition, gross and net exposures are managed daily to remain within carefully defined ranges.

Allocations amongst underlying Gotham mutual funds are based on market conditions.

Performance as of 08/31/2019

  Month Trailing 3
Months
YTD 1 YEAR 3 YEAR Since Inception Annualized1 Since Inception Cumulative1
Gotham Total Return Fund - GTRFX -0.99% 4.93% 6.31% -0.04% 9.38% 7.01% 34.93%
HFRX EH -0.17% 2.30% 6.92% -3.85% 2.92% 0.43% 1.89%

1Inception date: March 31, 2015

Please click here to view quarterly standardized performance

Composition & Holdings as of 06/30/2019

Portfolio Exposures
Long 166.44%
Short -86.64%
Net 79.79%
Gross 253.08%
Portfolio Composition
Long Holdings 670
Short Holdings 688
Net Sector Allocation (% of Equity)
Consumer Staples 16.04%
Information Tech 15.06%
Financials 13.37%
Industrials 13.06%
Consumer Disc 12.37%
Health Care 12.30%
Communication Services 6.52%
Energy 2.10%
Real Estate 0.49%
Materials -0.67%
Utilities -10.85%

Fees & Minimums

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

Annual Fund Operating Expenses
Expense Ratio1 (excluding short dividends and after reimbursements) 1.46%
Gross Expense Ratio (Includes dividend expense on short sales and financing of 1.66%, but does not reflect dividends earned by the Fund on its long positions of 1.55% or waiver/reimbursements by the Advisor of 0.51%) 3.63%
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)

OR

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.