Gotham Index Plus (GINDX)

100% Net Long:* Index Investment + Long/Short Overlay

NAV $15.11

Daily Return -0.33%

Since Inception Return (Cum) 58.18%

TickerGINDX
CUSIP360875579
Minimum Investment$250,000
Fund Net Assets$661,567,451
Inception DateMarch 31, 2015
As of 09/20/2019

Investment Overview

The Gotham Index Plus Fund (the "Fund") was created as an investment that seeks to more closely track an index than purely active funds by combining an index investment with an active long/short overlay. The Fund generally seeks 100% net long exposure by being 190% long vs. 90% short (100% index + active long/short overlay). The Fund seeks to outperform the S&P 500 over most annual periods. The Fund is not a passive index fund. 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

For each $100 invested in Gotham Index Plus, we start with $100 of U.S. stocks that seek to track the S&P 500® Index. Next, we select long and short positions (from a large cap investment universe) that we believe are the cheapest and most expensive, respectively, relative to our assessment of value. Finally, we net positions that appear in both the index portion and the actively managed long/short overlay, with the result being a portfolio with an overall exposure of approximately $190 long and $90 short.

For the active long/short overlay, 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 Fund also employs risk management, which follows 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 08/31/2019

  Month Trailing 3
Months
YTD 1 YEAR 3 YEAR Since Inception Annualized1 Since Inception Cumulative1
Gotham Index Plus Fund - GINDX -2.37% 6.16% 8.18% -2.42% 12.52% 10.45% 55.14%
S&P 500 -1.58% 6.87% 18.34% 2.92% 12.70% 10.43% 55.00%

1Inception date: March 31, 2015

Please click here to view quarterly standardized performance

Composition & Holdings as of 06/30/2019

Portfolio Exposures
Long 193.28%
Short -94.27%
Net 99.00%
Gross 287.55%
Portfolio Composition
Long Holdings 299
Short Holdings 195
Net Sector Allocation (% of Equity)
Information Tech 29.80%
Financials 20.11%
Consumer Disc 14.48%
Consumer Staples 14.25%
Industrials 14.03%
Communication Services 11.32%
Health Care 11.08%
Energy 2.85%
Materials -2.38%
Real Estate -3.11%
Utilities -13.43%

Fees & Minimums

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

Annual Fund Operating Expenses
Management Fees 1.00%
Other Expenses1,2 0.15%
Total Annual Fund Operating Expenses2 1.15%
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.