Gotham Index Plus (GINDX)
The Discipline of Index Investing Plus the Value of Active Management
Overall Morningstar Rating TM
Rated against 1,156 Large Blend Funds
GINDX has outperformed the S&P 500 and is in the 1st percentile of Morningstar’s large blend category, since inception.
Inception date: 3/31/15. Performance and Morningstar ranking based on total return and Morningstar rating based on total risk-adjusted return through 5/31/18.
An investment that seeks to closely track the S&P 500
+ an active long/short overlay in one fund*
Cumulative Returns Since Inception (As of May 31, 2018)
|TOTAL RETURNS||GINDX (Net)||S&P 500 TR|
|Trailing 12 Months||17.18%||13.99%|
|Since Inception (Annualized)||13.43%||10.78%|
|As of March 31, 2018|
The gross expense ratio of GINDX is 3.62% (includes dividend expense on short sales and financing of 2.46% but does not reflect dividends earned by the fund on its long positions of 4.07%).
The management fee of GINDX is 1.00%. The GINDX expense limitation is 1.15%.1
*The Gotham Index Plus Fund seeks to outperform the S&P 500 Index over most annual periods. The fund will invest a portion of the assets in securities intended to track the performance of the S&P 500 Index and additional exposure to a long/short portfolio consisting of long and short positions, generally selected from the largest 500 to 700 U.S. companies by market capitalization. The fund is not a passive index fund.
The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor’s shares upon redemption may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. Returns would have been lower if certain expenses had not been reduced or reimbursed. To obtain performance current to the most recent month-end, please click here.
“The best strategy for you is not only one that makes sense but one you can stick with.”
— Joel Greenblatt, Co-CIO
- Index based (S&P 500) + active long/short overlay
- Tax goal: Long-term capital gains2
- 1% management fee
- Core equity allocation
"...marries the best aspects of disciplined valuation-driven stockpicking with passive index investing."
GINDX was created with the goal of being an investment you can stick with.