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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.
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| Period | GENIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.9% | -2.7% | 32.6% | 85.51% |
| 1 Yr | -6.7% | -36.1% | 10.0% | 29.24% |
| 3 Yr | 7.2%* | -14.6% | 13.9% | 10.49% |
| 5 Yr | 2.0%* | -13.2% | 10.0% | 19.31% |
| 10 Yr | N/A* | -4.0% | 13.1% | N/A |
* Annualized
| Period | GENIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -13.8% | -44.3% | -1.3% | 24.40% |
| 2017 | 17.1% | -13.5% | 21.0% | 5.65% |
| 2016 | 13.4% | -16.4% | 23.6% | 26.07% |
| 2015 | -13.0% | -30.9% | -0.7% | 64.96% |
| 2014 | 9.0% | -19.0% | 16.3% | 11.61% |
| Period | GENIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.9% | -2.7% | 32.6% | 85.51% |
| 1 Yr | 1.8% | -36.1% | 10.9% | 15.20% |
| 3 Yr | 10.7%* | -9.2% | 14.3% | 7.34% |
| 5 Yr | 5.9%* | -7.8% | 12.1% | 27.04% |
| 10 Yr | N/A* | 0.3% | 13.2% | N/A |
* Annualized
| Period | GENIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -6.0% | -44.3% | 0.1% | 2.98% |
| 2017 | 18.2% | -8.7% | 23.0% | 17.61% |
| 2016 | 13.4% | -4.7% | 26.2% | 51.75% |
| 2015 | -11.4% | -24.2% | 3.9% | 81.20% |
| 2014 | 17.2% | -19.0% | 17.8% | 2.68% |
| GENIX | Category Low | Category High | GENIX % Rank | |
|---|---|---|---|---|
| Net Assets | 518 M | 728 K | 103 B | 49.43% |
| Number of Holdings | 1157 | 24 | 3286 | 3.14% |
| Net Assets in Top 10 | 89.8 M | 161 K | 7.38 B | 49.71% |
| Weighting of Top 10 | 16.36% | 2.5% | 61.9% | 65.14% |
| Weighting | Return Low | Return High | GENIX % Rank | |
|---|---|---|---|---|
| Stocks | 100.00% | 84.64% | 100.17% | 8.29% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 61.14% |
| Other | 0.00% | 0.00% | 2.32% | 62.86% |
| Convertible Bonds | 0.00% | 0.00% | 0.34% | 61.43% |
| Cash | 0.00% | -4.07% | 15.36% | 93.71% |
| Bonds | 0.00% | 0.00% | 5.39% | 63.71% |
| Weighting | Return Low | Return High | GENIX % Rank | |
|---|---|---|---|---|
| Technology | 30.92% | 4.41% | 30.92% | 0.29% |
| Industrials | 20.87% | 4.23% | 45.75% | 7.71% |
| Healthcare | 18.85% | 0.00% | 23.78% | 2.00% |
| Consumer Cyclical | 15.19% | 2.87% | 38.74% | 35.43% |
| Consumer Defense | 10.11% | 0.00% | 12.77% | 4.57% |
| Energy | 4.63% | 0.00% | 14.77% | 29.43% |
| Communication Services | 2.23% | 0.00% | 23.25% | 11.14% |
| Financial Services | 1.48% | 0.95% | 48.39% | 99.71% |
| Real Estate | -0.26% | -0.26% | 16.23% | 100.00% |
| Basic Materials | -1.13% | -1.13% | 14.75% | 100.00% |
| Utilities | -2.90% | -2.90% | 14.77% | 100.00% |
| Weighting | Return Low | Return High | GENIX % Rank | |
|---|---|---|---|---|
| US | 100.97% | 80.50% | 100.97% | 0.29% |
| Non US | -0.97% | -0.97% | 15.03% | 100.00% |
| GENIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 3.67% | 0.00% | 27.23% | 2.61% |
| Management Fee | 2.00% | 0.00% | 2.00% | 100.00% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.41% | N/A |
| GENIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
| GENIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 0.50% | 2.00% | 86.84% |
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 Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 196.54% | 0.00% | 962.00% | 98.56% |
| GENIX | Category Low | Category High | GENIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 1.93% | 84.00% |
| GENIX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
| GENIX | Category Low | Category High | GENIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.84% | -4.66% | 3.73% | 98.26% |
| GENIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Manager
Start Date
Tenure
Tenure Rank
May 31, 2013
6.25
6.3%
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.
Manager
Start Date
Tenure
Tenure Rank
May 31, 2013
6.25
6.3%
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
35.69
Category Average
6.03
Category Mode
0.19
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
