Gotham Short Strategies Fund (GSSFX)

50% Net Short* (e.g., 100% Long - 150% Short)

NAV $8.23

Daily Return -0.12%

Since Inception Return (Cum) -5.49%

Minimum Investment$100,000
Fund Net Assets$20,999,432
Inception DateFebruary 1, 2008
As of 09/25/2023

Investment Overview

The Gotham Short Strategies Fund (the "Fund") is a long/short U.S. equity fund with a net short exposure of 50%-60% (e.g., 100% Long - 150% Short). The Fund seeks long-term capital appreciation and to provide positive returns during down markets. Joel Greenblatt and Robert Goldstein are the Managing Principals and Co-CIOs of Gotham Asset Management, LLC, the Advisor to this Fund.

Investment Strategy and Process

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.

Gotham's 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 long (short) portfolio is rebalanced daily to weight most heavily those stocks priced at the largest discount (premium) to Gotham's assessment of value.

In general, as a company appears cheaper, it's weight in the portfolio increases.

Risk for the fund is managed by 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 08/31/2023

  Month Trailing 3
YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR Since Inception Annualized1 Since Inception Cumulative1
Gotham Short Strategies Fund - GSSFX 3.92% -0.38% -8.08% -5.24% 3.71% -2.17% -2.89% -0.57% -8.59%
S&P 500 -1.59% 8.28% 18.73% 15.94% 10.52% 11.12% 12.81% 10.10% 347.88%
50% Inverse of S&P 500 1.07% -4.77% -9.36% -8.54% -6.86% -6.98% -7.32% -6.25% -63.43%

1Inception date: 02/1/2008

Please click here to view quarterly standardized performance

Composition & Holdings as of 06/30/2023

Portfolio Exposures
Long 97.61%
Short -148.08%
Net -50.46%
Gross 245.69%
Portfolio Composition
Long Holdings 172
Short Holdings 203
Net Sector Allocation (% of Equity)
Industrials 4.74%
Energy 3.63%
Communication Services -0.18%
Health Care -1.98%
Materials -7.60%
Consumer Discretionary -7.85%
Consumer Staples -9.06%
Utilities -11.99%
Information Technology -20.18%

Fees & Minimums

Purchase of Shares
Investment Minimum** $100,000
Additional Investment Minimum** $250

Annual Fund Operating Expenses
Gross Expense Ratio1 3.52%
Net Expense Ratio 1.35%
Distribution (12b-1) Fee None

Shareholder Fees
Sales Load None
Deferred Sales Load None
Redemption Fees (within 30 days) 1%

Purchase Directly through the Fund Family (See Below)


Available at the Following Firms:

  • 1.

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