Gotham Defensive Long 500 Fund (GDLFX)

100% Net Long* (e.g, 190% Long - 90% Short)

NAV $11.43

Daily Return -0.70%

Since Inception Return (Cum) 27.75%

TickerGDLFX
CUSIP360875355
Minimum Investment$250,000
Fund Net Assets$40,521,265
Inception DateSeptember 30, 2016
As of 02/25/2021

Investment Overview

The Gotham Defensive Long 500 Fund (the "Fund") is a U.S. large cap long/short strategy that seeks equity like returns with lower volatility than the general stock market.  The Fund seeks long-term capital appreciation. 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 01/31/2021

  Month Trailing 3
Months
YTD 1 YEAR 3 YEAR Since Inception Annualized1 Since Inception Cumulative1
Gotham Defensive Long 500 Fund - GDLFX 0.53% 2..39% 0.53% -10.65% -1.34% 5.83% 27.86%
S&P 500 -1.01% 14.05% -1.01% 17.25% 11.70% 15.45% 86.38%

1Inception date: September 30, 2016

Please click here to view quarterly standardized performance

Composition & Holdings as of 12/31/2020

Portfolio Exposures
Long 190.16%
Short -91.16%
Net 99.00%
Gross 281.32%
Portfolio Composition
Long Holdings 162
Short Holdings 137
Net Sector Allocation (% of Equity)
Consumer Staples 48.79%
Industrials 30.82%
Consumer Discretionary 17.98%
Communication Services 14.52%
Materials 10.02%
Information Technology 2.74%
Financials 0.55%
Health Care -1.40%
Energy -1.88%
Real Estate -3.57%
Utilities -19.58%

Fees & Minimums

Purchase of Shares
Investment Minimum $25,000
Additional Investment Minimum $250

Annual Fund Operating Expenses
Gross Expense Ratio 1.66%
Net Expense Ratio1 1.35%
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.