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GENIX Gotham Enhanced Return Institutional

  • Fund
  • GENIX
  • Price as of: Aug 08, 2016
  • $11.94
  • - $0.03
  • - 0.25%
  • Category
  • Mid Cap Blend Equities

GENIX - Profile

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return 8.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $986 M
  • Holdings in Top 10 18.2%

52 WEEK LOW AND HIGH

$11.94
$10.86
$12.03

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.36%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 85.25%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$250,000

IRA

N/A

Investment Themes

CATEGORY

Mid Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Blend

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 8.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.66%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Gotham Enhanced Return Fund
  • Fund Family Name Gotham
  • Inception Date May 31, 2013
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Joel Greenblatt

Fund Description

The Gotham Enhanced Return Fund Institutional Class Shares (GENIX) is an actively managed mutual fund that seeks to outperform the S&P 500 over a full market cycle. It does this by going long and short a portfolio of mid- and large-cap U.S. stocks. GENIX uses proprietary equity research and risk control techniques to pick the long and short candidates at a net long of 100% (170% long, 70% short). The fund rebalances the short position daily.

Given the fund’s high expenses, large initial investment and complicated mandate, investors looking at GENIX should be doing so from a satellite point of view. The fund is managed by Gotham Asset Management.

GENIX - Performance

Return Ranking - Trailing

Period GENIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.5% -32.8% 21.6% 74.61% 4
1 Yr 2.1% -15.0% 15.9% 34.97% 2
3 Yr 8.7% * -14.7% 12.7% 29.74% 2
5 Yr N/A * -8.6% 13.7% N/A N/A
10 Yr N/A * -4.7% 12.0% N/A N/A

* Annualized


Return Ranking - Calendar

Period GENIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.9% -32.9% 7.8% 38.22% 2
2014 N/A 12.3% 12.3% N/A N/A
2013 N/A 33.6% 33.6% N/A N/A
2012 N/A 14.4% 14.4% N/A N/A
2011 N/A -3.3% -3.3% N/A N/A

Total Return Ranking - Trailing

Period GENIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.5% -32.8% 21.6% 74.38% 4
1 Yr 2.1% -17.8% 15.9% 30.67% 2
3 Yr 8.7% * -15.4% 12.7% 27.45% 2
5 Yr N/A * -9.1% 13.7% N/A N/A
10 Yr N/A * -5.0% 12.0% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period GENIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.9% -32.9% 7.8% 38.22% 2
2014 N/A 12.3% 12.3% N/A N/A
2013 N/A 35.7% 35.7% N/A N/A
2012 N/A 16.6% 16.6% N/A N/A
2011 N/A -2.1% -2.1% N/A N/A

NAV & Total Return History

GENIX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

GENIX Category Low Category High GENIX % Rank Quintile
Net Assets 986 M 1.41 M 72.4 B 12.58% 2
Number of Holdings 1129 3 3295 3.07% 1
Net Assets in Top 10 184 M 618 K 5.14 B 11.04% 2
Weighting of Top 10 18.2% 2.9% 100.0% 22.70% 4

Top 10 Holdings

  1. Gilead Sciences Inc 2.02%
  2. Apple Inc 2.05%
  3. United Technologies Corp 1.95%
  4. Intel Corp 1.89%
  5. Boeing Co 1.84%
  6. Biogen Inc 1.83%
  7. Express Scripts Holding Co 1.75%
  8. Texas Instruments Inc 1.67%
  9. Cisco Systems Inc 1.62%
  10. Merck & Co Inc 1.59%

Asset Allocation

Weighting Category Low Category High GENIX % Rank Quintile
Stocks
99.11% 36.86% 104.66% 7.06% 1
Cash
1.21% -4.82% 63.15% 25.77% 4
Preferred Stocks
0.00% 0.00% 8.08% 3.37% 4
Convertible Bonds
0.00% 0.00% 2.90% 1.84% 4
Bonds
0.00% -0.08% 10.24% 4.29% 4
Other
-0.32% -1.50% 6.51% 12.27% 5

Stock Sector Breakdown

Weighting Category Low Category High GENIX % Rank Quintile
Technology
23.41% -2.53% 40.54% 1.23% 1
Consumer Cyclical
22.70% 0.09% 42.74% 4.60% 1
Industrials
21.64% 0.34% 49.01% 3.99% 1
Healthcare
19.31% 0.00% 40.64% 2.45% 1
Consumer Defense
8.25% -2.15% 22.38% 6.13% 1
Communication Services
2.06% 0.00% 22.84% 11.96% 2
Energy
1.40% -1.70% 19.27% 31.60% 5
Financial Services
0.56% 0.00% 42.19% 34.66% 5
Utilities
0.00% -1.08% 23.57% 26.69% 5
Real Estate
0.00% 0.00% 22.85% 32.52% 5
Basic Materials
-0.23% -0.82% 29.95% 34.05% 5

Stock Geographic Breakdown

Weighting Category Low Category High GENIX % Rank Quintile
US
98.07% 30.26% 104.50% 8.59% 1
Non US
1.04% 0.00% 40.92% 23.01% 4

GENIX - Expenses

Operational Fees

GENIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 3.36% 0.05% 16.03% 3.37% 5
Management Fee 2.00% 0.04% 2.00% 0.31% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.45% N/A N/A

Sales Fees

GENIX Fees (% of AUM) Category Low Category High GENIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

GENIX Fees (% of AUM) Category Low Category High GENIX Rank Quintile
Max Redemption Fee 1.00% 0.50% 2.00% 2.74% 3

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.

GENIX Fees (% of AUM) Category Low Category High GENIX Rank Quintile
Turnover 85.25% 1.00% 394.00% 7.36% 5

GENIX - Distributions

Dividend Yield Analysis

GENIX Category Low Category High GENIX % Rank Quintile
Dividend Yield N/A 0.00% 1.76% N/A N/A

Dividend Distribution Analysis

GENIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

GENIX Category Low Category High GENIX % Rank Quintile
Net Income Ratio -0.66% -4.48% 2.51% 50.31% 5

Capital Gain Distribution Analysis

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

GENIX - Managers

Joel Greenblatt

Manager

Start Date

May 31, 2013

Tenure

3.17

Tenure Rank

14.7%

Mr. Greenblatt serves as Managing Principal and Co-Chief Investment Officer of Gotham Asset Management, the successor to Gotham Capital, an investment firm he founded in 1985. Since 1996, he has been a professor on the adjunct faculty of Columbia Business School where he teaches "Value and Special Situation Investing." Mr. Greenblatt serves on the Investment Board for the University of Pennsylvania, and is a director of Pzena Investment Management, Inc., a global investment management firm. Mr. Greenblatt is the author of You Can Be A Stock Market Genius (Simon & Schuster, 1997), The Little Book that Beats the Market (Wiley, 2005), The Little Book that Still Beats the Market (Wiley, 2010), and The Big Secret for the Small Investor (Random House, 2011). He was the Chairman of the Board (1994-1995) and a board member (1994-2000) of Alliant Techsystems, a NYSE-listed aerospace and defense contractor. He holds a BS (1979), summa cum laude, and an MBA (1980) from the Wharton School of the University of Pennsylvania.


Robert Goldstein

Manager

Start Date

May 31, 2013

Tenure

3.17

Tenure Rank

14.7%

Mr. Goldstein serves as Managing Principal and Co-Chief Investment Officer of Gotham Asset Management, the successor to Gotham Capital, which he joined in 1989. Mr. Goldstein also founded and served as Managing Partner (1989-1997) of Metropolis Partners, a value and special situation investment partnership managing capital on behalf of institutions and wealthy individuals. Mr. Goldstein briefly served on the Executive Committee of the Board of Directors of Old Guard Group, Inc., a publicly-traded insurance company, prior to its being acquired by the Westfield Companies in 2000. He holds a BA (1988), magna cum laude, from Tufts University.


Tenure Analysis

Category Low

0.0

Category High

37.6

Category Average

6.07

Category Mode

1.6