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GATEX Gateway A

  • Fund
  • GATEX
  • Price as of: Aug 08, 2016
  • $30.29
  • + $0.02
  • + 0.07%
  • Category
  • Long-Short

GATEX - Profile

Vitals

  • YTD Return 1.9%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 4.4%
  • Net Assets $8.27 B
  • Holdings in Top 10 18.9%

52 WEEK LOW AND HIGH

$30.29
$28.15
$30.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 10.00%

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 Option Writing

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.91%
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 1.9% -38.1% 15.3% 35.91% 2
1 Yr 1.2% -42.1% 24.0% 26.02% 2
3 Yr 3.8% * -16.8% 16.0% 38.18% 2
5 Yr 4.4% * -10.0% 14.4% 44.59% 3
10 Yr 3.2% * -4.5% 11.1% 43.55% 3

* Annualized


Return Ranking - Calendar

Period GATEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.5% -50.0% 401.1% 18.64% 1
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period GATEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.9% -38.1% 15.3% 36.11% 2
1 Yr -4.6% -45.0% 19.0% 58.77% 3
3 Yr 1.8% * -18.4% 16.0% 57.73% 3
5 Yr 3.2% * -10.0% 14.4% 62.42% 4
10 Yr 2.6% * -4.5% 11.1% 56.45% 3

* Annualized


Total Return Ranking - Calendar

Period GATEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.5% -50.0% 401.1% 18.58% 1
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

GATEX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

GATEX Category Low Category High GATEX % Rank Quintile
Net Assets 8.27 B 101 K 8.27 B 0.29% 1
Number of Holdings 292 2 1942 6.98% 1
Net Assets in Top 10 1.59 B -280 M 1.59 B 0.29% 1
Weighting of Top 10 18.9% 0.0% 280.2% 31.40% 4

Top 10 Holdings

  1. Apple Inc 2.98%
  2. Exxon Mobil Corp 2.27%
  3. Microsoft Corp 2.34%
  4. Johnson & Johnson 1.85%
  5. Wells Fargo & Co 1.41%
  6. Berkshire Hathaway Inc B 1.78%
  7. General Electric Co 1.72%
  8. Amazon.com Inc 1.60%
  9. Facebook Inc A 1.57%
  10. AT&T Inc 1.40%

Asset Allocation

Weighting Category Low Category High GATEX % Rank Quintile
Stocks
98.33% -99.33% 151.96% 3.47% 1
Cash
1.37% -51.99% 199.33% 35.47% 5
Other
0.30% -61.40% 70.59% 11.34% 2
Convertible Bonds
0.00% 0.00% 5.37% 3.49% 4
Preferred Stocks
0.00% -0.14% 10.76% 4.36% 4
Bonds
0.00% -11.73% 89.36% 8.09% 4

Stock Sector Breakdown

Weighting Category Low Category High GATEX % Rank Quintile
Technology
17.76% -21.36% 46.54% 6.82% 1
Healthcare
15.77% -12.48% 50.44% 5.34% 1
Financial Services
14.20% -5.70% 72.96% 10.09% 2
Industrials
11.33% -12.12% 49.18% 10.68% 2
Consumer Cyclical
11.18% -7.58% 43.97% 11.57% 2
Consumer Defense
10.55% -18.65% 36.62% 6.23% 1
Energy
7.45% -14.28% 17.95% 6.53% 1
Communication Services
4.10% -8.18% 14.69% 7.42% 1
Utilities
3.65% -13.22% 21.49% 8.90% 2
Real Estate
2.42% -3.12% 71.23% 10.68% 2
Basic Materials
2.20% -3.34% 29.19% 20.18% 3

Stock Geographic Breakdown

Weighting Category Low Category High GATEX % Rank Quintile
US
97.68% -162.17% 151.05% 2.03% 1
Non US
0.65% -30.21% 223.90% 24.42% 4

GATEX - Expenses

Operational Fees

GATEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.01% 0.72% 74.87% 66.67% 1
Management Fee 0.63% 0.00% 2.45% 10.69% 1
12b-1 Fee 0.25% 0.00% 1.00% 3.07% 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 10.00% 0.00% 9956.00% 32.64% 1

GATEX - Distributions

Dividend Yield Analysis

GATEX Category Low Category High GATEX % Rank Quintile
Dividend Yield 0.4% 0.00% 0.80% 4.04% 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 1.91% -4.47% 2.98% 3.80% 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

9.63

Tenure Rank

2.1%

Mr. Stewart joined the firm in 1995 and is chief executive officer, president and a member of the board of managers. He also serves as co-portfolio manager for several funds including the Gateway Fund. Mr. Stewart oversees the management of Gateway and is involved in high-level decisions regarding policy and strategy as a member of the board. He has served Gateway in various roles, most recently as the firm’s chief investment officer where he has led the implementation of Gateway’s strategy since 2008 and helped guide the firm through tremendous growth.


Michael T. Buckius

Manager

Start Date

Jun 01, 2008

Tenure

8.17

Tenure Rank

2.9%

Chief investment officer, senior vice president and a member of the board of managers, Mr. Buckius joined Gateway in 1999. He is also co-portfolio manager for several mutual funds and closed-end funds advised or sub-advised by Gateway, including the Gateway Fund. As chief investment officer, Mr. Buckius is responsible for overseeing the firm’s investment management and trading functions, as well as product development and servicing individual client relationships.


Kenneth H. Toft

Manager

Start Date

Feb 21, 2013

Tenure

3.44

Tenure Rank

8.2%

Kenneth H. Toft joined Gateway in 1992 and is a senior vice president. He is co-portfolio manager for several mutual funds and several closed-end funds advised or sub-advised by Gateway Investment Advisers, LLC, including the Gateway Fund. His responsibilities include managing portfolios using hedging strategies for growth-oriented, high-volatility indexes, trading and servicing individual client relationships. Prior to joining Gateway, he served as a registered representative for Fidelity Investments. Mr. Toft earned his B.A. and M.B.A. from the University of Cincinnati and is a CFA charter


Daniel M. Ashcraft

Manager

Start Date

May 01, 2016

Tenure

0.25

Tenure Rank

17.3%

Dan Ashcraft joined Gateway in October 2009 as assistant portfolio manager. His responsibilities include trading and analysis as well as support of the investment management team. Prior to joining Gateway, Mr. Ashcraft conducted market research at Longbow Research in Cleveland, Ohio. He received a B.S. from the Richard T. Farmer School of Business at Miami University in Ohio.


Tenure Analysis

Category Low

0.0

Category High

38.1

Category Average

4.09

Category Mode

1.6