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GATEX Gateway A

  • Fund
  • GATEX
  • Price as of: Nov 21, 2018
  • $32.57
  • + $0.06
  • + 0.19%
  • Category
  • Long-Short

GATEX - Profile

Vitals

  • YTD Return -2.7%
  • 3 Yr Annualized Return 4.6%
  • 5 Yr Annualized Return 4.3%
  • Net Assets $8.46 B
  • Holdings in Top 10 23.8%

52 WEEK LOW AND HIGH

$32.57
$32.15
$34.40

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.02%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 34.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Long-Short
  • Fund Type Open End Mutual Fund
  • Investment Style Options-based

Distributions

  • YTD Total Return -2.7%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.20%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Gateway Fund
  • Fund Family Name Natixis Funds
  • Inception Date Dec 07, 1977
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Paul R. Stewart

Fund Description

The fund invests in a broadly diversified portfolio of common stocks, while also selling index call options and purchasing index put options. Writing index call options reduces the fund's volatility, provides steady cash flow and is an important source of the fund's return, although it also reduces the fund's ability to profit from increases in the value of its equity portfolio.

GATEX - Performance

Return Ranking - Trailing

Period GATEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.7% -81.5% 25.1% 43.79% 3
1 Yr 0.5% -80.0% 34.1% 41.47% 3
3 Yr 4.6% * -37.6% 10.1% 24.48% 2
5 Yr 4.3% * -24.9% 12.4% 39.22% 2
10 Yr 4.4% * -6.5% 12.6% 62.65% 4

* Annualized


Return Ranking - Calendar

Period GATEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 8.5% -46.3% 26.8% 23.66% 2
2016 3.8% -27.2% 25.3% 32.19% 2
2015 0.5% -24.5% 22.9% 27.21% 2
2014 2.0% -25.6% 22.9% 46.57% 3
2013 6.9% -21.1% 38.6% 62.05% 4

Total Return Ranking - Trailing

Period GATEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.7% -81.5% 25.1% 44.05% 3
1 Yr -5.3% -81.1% 34.1% 70.29% 4
3 Yr 2.6% * -38.8% 10.1% 46.85% 3
5 Yr 3.1% * -25.8% 12.4% 55.39% 3
10 Yr 3.8% * -6.5% 12.6% 72.29% 4

* Annualized


Total Return Ranking - Calendar

Period GATEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 8.5% -46.3% 26.8% 23.90% 2
2016 4.9% -27.2% 25.3% 27.74% 2
2015 2.4% -17.6% 28.5% 27.47% 2
2014 3.2% -26.4% 28.3% 54.81% 3
2013 8.8% -16.6% 44.5% 73.05% 4

NAV & Total Return History

GATEX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

GATEX Category Low Category High GATEX % Rank Quintile
Net Assets 8.46 B 101 K 8.46 B 0.29% 1
Number of Holdings 310 2 1892 6.40% 1
Net Assets in Top 10 2.11 B -166 M 2.85 B 0.58% 1
Weighting of Top 10 23.8% 0.0% 628.9% 31.40% 4

Top 10 Holdings

  1. Apple Inc 4.49%
  2. Exxon Mobil Corp 1.56%
  3. Microsoft Corp 3.67%
  4. Johnson & Johnson 1.59%
  5. Berkshire Hathaway Inc B 1.99%
  6. Amazon.com Inc 3.36%
  7. Facebook Inc A 1.74%
  8. JPMorgan Chase & Co 1.76%
  9. Alphabet Inc Class C 2.27%
  10. Visa Inc Class A 1.39%

Asset Allocation

Weighting Category Low Category High GATEX % Rank Quintile
Stocks
97.92% -30.32% 298.04% 4.62% 1
Cash
2.08% -198.04% 104.74% 35.17% 5
Preferred Stocks
0.00% -1.56% 10.76% 5.23% 4
Other
0.00% -61.40% 70.59% 15.12% 4
Convertible Bonds
0.00% 0.00% 5.37% 4.36% 4
Bonds
0.00% -11.50% 94.44% 10.98% 4

Stock Sector Breakdown

Weighting Category Low Category High GATEX % Rank Quintile
Technology
23.34% -4.70% 55.44% 1.77% 1
Healthcare
14.80% -12.48% 83.61% 7.37% 2
Financial Services
14.73% -5.70% 72.96% 12.09% 2
Consumer Cyclical
11.96% -6.55% 49.35% 10.91% 2
Industrials
10.90% -12.12% 29.87% 12.09% 2
Consumer Defense
6.94% -18.65% 31.41% 10.91% 2
Energy
5.98% -4.33% 28.41% 11.21% 2
Communication Services
2.98% -5.43% 16.62% 10.32% 2
Utilities
2.85% -7.68% 19.47% 10.32% 2
Real Estate
2.48% -6.98% 73.68% 10.32% 2
Basic Materials
1.82% -5.08% 17.21% 21.53% 3

Stock Geographic Breakdown

Weighting Category Low Category High GATEX % Rank Quintile
US
97.19% -29.93% 273.03% 3.49% 1
Non US
0.73% -30.21% 93.74% 27.33% 4

GATEX - Expenses

Operational Fees

GATEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.02% 0.42% 74.87% 65.20% 1
Management Fee 0.63% 0.00% 2.25% 10.40% 1
12b-1 Fee 0.25% 0.00% 1.00% 3.06% 3
Administrative Fee N/A 0.01% 0.55% N/A N/A

Sales Fees

GATEX Fees (% of AUM) Category Low Category High GATEX Rank Quintile
Front Load 5.75% 2.50% 5.75% 1.18% 4
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

GATEX Fees (% of AUM) Category Low Category High GATEX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GATEX Fees (% of AUM) Category Low Category High GATEX Rank Quintile
Turnover 34.00% 0.00% 9956.00% 33.43% 1

GATEX - Distributions

Dividend Yield Analysis

GATEX Category Low Category High GATEX % Rank Quintile
Dividend Yield 0.4% 0.00% 0.97% 10.83% 1

Dividend Distribution Analysis

GATEX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

GATEX Category Low Category High GATEX % Rank Quintile
Net Income Ratio 1.20% -3.66% 3.31% 7.02% 1

Capital Gain Distribution Analysis

GATEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

GATEX - Managers

Paul R. Stewart

Manager

Start Date

Dec 15, 2006

Tenure

11.88

Tenure Rank

2.0%

Paul Stewart is Chief Executive Officer and President at Gateway Investment Advisers, LLC, and a Co-Portfolio Manager. Mr. Stewart joined the firm in 1995 and previously served as treasurer of The Gateway Trust through 1999 and chief financial officer of Gateway Investment Advisers, L.P. through 2003. Most recently, he served on Gateway's board as Chief Investment Officer. Prior to joining Gateway, he was an audit manager at Price Waterhouse. Mr. Stewart earned his BBA from Ohio University and is a CFA® charterholder.


Michael T. Buckius

Manager

Start Date

Jun 01, 2008

Tenure

10.42

Tenure Rank

2.5%

Michael Buckius is Chief Investment Officer and a Senior Vice President of Gateway Investment Advisers, LLC. He is also a Portfolio Manager and oversees the firm's investment management and trading functions. Prior to joining Gateway in 1999, Mr. Buckius was an equity derivative sales professional at Bear Stearns & Co. and Bankers Trust Company, both in New York. Previously he held a variety of option-related research and trading positions at Alex. Brown & Sons Inc. in Baltimore. Mr. Buckius received his BA and MBA in finance from Loyola University of Maryland and is a CFA® charterholder.


Kenneth H. Toft

Manager

Start Date

Feb 21, 2013

Tenure

5.69

Tenure Rank

6.9%

Kenneth Toft is a Senior Vice President of Gateway Investment Advisers, LLC and a Portfolio Manager. His responsibilities include management of portfolios using hedging strategies for growth-oriented, high-volatility indexes, trading and client servicing. Prior to joining Gateway in 1992, he was a registered representative for Fidelity Investments. Mr. Toft received his BA and MBA in finance from the University of Cincinnati and is a CFA® charterholder.


Daniel M. Ashcraft

Manager

Start Date

May 01, 2016

Tenure

2.5

Tenure Rank

14.0%

Daniel Ashcraft is a Portfolio Manager at Gateway Investment Advisers, LLC. In that role, he is heavily involved in trading and analysis. Additionally, Mr. Ashcraft has led the way in implementing the firm’s international version of its equity multifactor model. Prior to joining Gateway in 2009, Mr. Ashcraft conducted market research at Longbow Research, in Cleveland, Ohio. He began his investment career in 2007. Mr. Ashcraft has a BS from the Richard T. Farmer School of Business at Miami University in Ohio and is a CFA® charterholder.


Tenure Analysis

Category Low

0.0

Category High

40.4

Category Average

5

Category Mode

0.5