Gotham Absolute Return Fund Institutional Class Shares (GARIX)
| Fund Assets | 903.19M |
| Expense Ratio | 1.50% |
| Min. Investment | $100,000 |
| Turnover | 270.00% |
| Dividend (ttm) | 3.71 |
| Dividend Yield | 17.16% |
| Dividend Growth | 224.61% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 21.34 |
| YTD Return | 8.68% |
| 1-Year Return | 10.57% |
| 5-Year Return | 82.07% |
| 52-Week Low | 18.29 |
| 52-Week High | 24.42 |
| Beta (5Y) | 0.60 |
| Holdings | 1712 |
| Inception Date | Aug 31, 2012 |
About GARIX
The Gotham Absolute Return Fund Institutional Class is a long/short U.S. equity mutual fund that seeks to achieve long-term capital appreciation through a risk-controlled investment approach. Employing a strategy with a typical net long exposure of 50% to 60%, the fund balances long positions in undervalued stocks with short positions in overvalued equities, aiming to generate positive returns in a variety of market environments. The fund’s investment process is built around proprietary equity research and comprehensive risk controls, focusing mainly on large- and mid-cap U.S. companies. Managed by a team led by Joel Greenblatt and Robert Goldstein of Gotham Asset Management, the fund applies a disciplined daily rebalancing methodology, allocating more capital to stocks assessed to have the greatest discounts to intrinsic value. As part of the long-short equity category, the fund offers exposure to a wide universe of equities and related derivatives, often exhibiting lower market beta compared to traditional long-only strategies, making it a distinctive tool for institutional investors seeking diversification and risk-adjusted performance.
Performance
GARIX had a total return of 10.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.48%.
Top 10 Holdings
49.78% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Government Cash Management Fund | DGCXX | 41.65% |
| Amazon.com, Inc. | AMZN | 1.20% |
| Meta Platforms, Inc. | META | 0.96% |
| NVIDIA Corporation | NVDA | 0.96% |
| Alphabet Inc. | GOOGL | 0.92% |
| QUALCOMM Incorporated | QCOM | 0.88% |
| Chevron Corporation | CVX | 0.88% |
| Broadcom Inc. | AVGO | 0.84% |
| Apple Inc. | AAPL | 0.83% |
| Merck & Co., Inc. | MRK | 0.66% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2024 | $3.7126 | Dec 19, 2024 |
| Dec 6, 2023 | $1.1437 | Dec 7, 2023 |
| Dec 17, 2015 | $0.16712 | Dec 18, 2015 |
| Dec 18, 2014 | $0.24313 | Dec 19, 2014 |
| Dec 11, 2013 | $0.55958 | Dec 12, 2013 |
| Dec 18, 2012 | $0.06138 | Dec 19, 2012 |