Gotham Neutral Fund (GONIX)

Market Neutral**

NAV $11.65

Daily Return 0.43%

Since Inception Return (Cum) 20.27%

Minimum Investment$100,000
Fund Net Assets$64,744,597
Inception DateAugust 30, 2013
As of 09/25/2023

Investment Overview

The Gotham Neutral Fund (the "Fund") is a market neutral long/short U.S. equity fund. The Fund seeks long-term capital appreciation with minimal correlation to the general stock market. 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 frequently 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 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 or sector. In addition, gross and net exposures are managed to remain within carefully defined ranges.

Performance as of 08/31/2023

  Month Trailing 3
YTD 1 YEAR 3 YEAR 5 YEAR Since Inception Annualized1 Since Inception Cumulative1
Gotham Neutral Fund - GONIX 1.05% 4.92% 6.28% 10.67% 7.67% 2.41% 1.74% 18.83%

1Inception date: August 30, 2013

Please click here to view quarterly standardized performance

Composition & Holdings as of 06/30/2023

Portfolio Exposures
Long 121.04%
Short -95.87%
Net 25.16%
Gross 216.91%
Portfolio Composition
Long Holdings 669
Short Holdings 619
Net Sector Allocation (% of Equity)
Information Tech 10.93%
Industrials 4.51%
Consumer Staples 4.03%
Communication Services 3.57%
Financials 2.19%
Consumer Disc 1.99%
Energy 0.95%
Health Care -0.33%
Materials -0.86%
Utilities -1.82%

Fees & Minimums

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

Annual Fund Operating Expenses
Gross Expense Ratio1 1.94%
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


    CLICK HERE for the IRA Disclosures and Distribution Forms

  • 2.

    Any questions?


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