WealthTrack: Joel Greenblatt on why he built GINDX
Consuelo Mack and Joel Greenblatt revisit the Gotham Index Plus Fund (GINDX) after its 3 year anniversary. For fund holdings please visit www.gothamfunds.com.
Podcast: Gotham Index Plus Update with Joel Greenblatt
Joel Greenblatt provides his market outlook and discusses the Gotham Index Plus Fund (GINDX).
Joel Greenblatt’s Investing Secrets Revealed
The Columbia University professor and co-founder of Gotham Asset Management made the case for value investing in his best-selling The Little Book That Beats the Market, buying shares of businesses that were cheap relative to returns on…
WealthTrack: Joel Greenblatt – Index Based Strategies
Consuelo Mack and Joel Greenblatt discuss his market observations and the launch of the Gotham Index Plus Fund (GINDX).
Mutual fund investing involves risks, including possible loss of principal. The fund is not a passive index fund and will use leverage to make additional investments which could result in greater losses than if the fund were not leveraged. Short sales by a fund theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase. It is anticipated the fund will frequently adjust the size of its long and short positions and thus may experience high portfolio turnover which may increase brokerage costs.
An investor should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. The Gotham Index Plus Fund prospectus and summary prospectus are available by clicking here: prospectus, summary prospectus or by calling 888-705-0545.
1The management fee of GINDX is 1.00%. The GINDX expense limitation is 1.15% (inclusive of management fee, but exclusive of certain expenses such as expenses related to short and borrowing costs and extraordinary expenses). Gotham has contractually agreed to waive its management fee and/or reimburse expenses to the extent necessary to maintain the total annual fund operating expenses at the stated level until January 31, 2021. The expense limitation is exclusive of certain expenses such as expenses related to short and borrowing costs and extraordinary expenses.
2A preference for long-term gains is an objective established and followed by Gotham, is not formal policy of the fund, and is subject to change at any time.
Performance and Morningstar ranking is that of the Gotham Index Plus Fund Institutional Class shares (GINDX). The Gotham Index Plus Fund Investor Class (GNNDX) shares were launched on 12/29/2017.
GINDX ranked in the 1st percentile based on total return among 1,206 Large Blend funds in its Morningstar peer group for the period since inception (3/31/2015) through 2/28/19. For the trailing 1-year time period through 2/28/2019, GINDX ranked in the 65th percentile based on total return among 1,310 Large Blend funds in its Morningstar peer group. Past performance is no guarantee of future results.
The Morningstar RatingTM (“star rating”) applies to managed products (funds, variable subaccounts, and separate accounts) at least three years old. Exchange-traded and open-end mutual funds are combined into a single population. The rating is based on a Morningstar Risk-Adjusted Return, measuring variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and consistent performance. The top 10% of products in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is a weighted average of the three-, five-, and 10-year (if applicable) Morningstar Rating metrics. In the Large Blend category, GINDX was rated 5 stars among 1,215 funds for the 3 year period ending 2/28/2019. © 2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
S&P 500 Total Return Index is a market capitalization-weighted index of 500 large-capitalization stocks commonly used to represent the U.S. equity market. Returns for the S&P 500 Total Return Index include the reinvestment of income and do not include transaction fees, management fees or any other costs. The performance and volatility of the fund will be different than those of the index. The index is unmanaged and investors cannot invest directly in the index.
This site is intended for residents of the U.S. only. The information on the website does not constitute an offer for products or services, or a solicitation of an offer to any person outside of the United States who is prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.
Gotham Index Plus Fund shares are distributed by Foreside Funds Distributors LLC (“Foreside”).
Gotham Asset Management, LLC is not affiliated with Foreside.