Gotham Absolute Return Fund (GARIX)
The fund seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities, primarily companies traded on U.S. markets. It generally takes long positions in securities that the Adviser believes to be undervalued and short positions in securities that the Adviser believes to be overvalued, based on the Adviser's analysis of the issuer's financial reports and market valuation.
Fund Info
US3608731374
360873137
Aug 30, 2012
$100,000
Large-Cap
Blend
Expense Ratio
GARIX has a high expense ratio of 1.50%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Gotham Absolute Return Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Gotham Absolute Return Fund had a return of 3.58% year-to-date (YTD) and -1.58% in the last 12 months. Over the past 10 years, Gotham Absolute Return Fund had an annualized return of 4.07%, while the S&P 500 had an annualized return of 11.29%, indicating that Gotham Absolute Return Fund did not perform as well as the benchmark.
GARIX
3.58%
1.38%
-11.55%
-1.58%
6.57%
4.07%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of GARIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.03% | 3.58% | |||||||||||
| 2024 | 4.37% | 5.22% | 3.13% | -2.72% | 1.72% | 2.06% | 1.71% | 3.27% | 2.86% | -1.21% | 1.64% | -18.00% | 1.75% |
| 2023 | 2.28% | -1.73% | 3.23% | -0.27% | 1.93% | 4.54% | 2.38% | -0.61% | -1.42% | -0.72% | 5.09% | -3.76% | 11.07% |
| 2022 | -2.17% | -2.44% | 2.55% | -3.60% | 1.26% | -5.78% | 6.50% | -2.88% | -4.77% | 5.62% | 5.44% | -3.84% | -5.04% |
| 2021 | -0.62% | 3.32% | 5.56% | 3.11% | 2.03% | 0.06% | 1.45% | 2.20% | -2.79% | 3.47% | 1.85% | 4.71% | 26.87% |
| 2020 | -3.35% | -6.60% | -7.86% | 5.19% | 2.06% | 0.29% | 2.81% | 2.24% | -1.44% | -3.13% | 4.38% | 1.17% | -5.10% |
| 2019 | 4.53% | 0.55% | 0.48% | 1.36% | -5.37% | 5.18% | 1.15% | -2.07% | 2.25% | 1.53% | 1.97% | -0.19% | 11.50% |
| 2018 | 5.13% | -3.64% | -1.15% | -1.57% | 0.97% | -0.96% | 2.43% | 0.07% | 0.61% | -2.76% | 0.83% | -4.53% | -4.86% |
| 2017 | 0.83% | 2.09% | -0.58% | 0.22% | -0.59% | -0.00% | 0.89% | 0.51% | 1.46% | 1.15% | 1.99% | 1.67% | 10.01% |
| 2016 | -3.98% | 2.37% | 3.97% | -1.43% | 0.56% | -0.56% | 3.06% | -0.70% | 0.08% | 0.00% | 4.02% | 0.60% | 7.96% |
| 2015 | -3.17% | 2.82% | -1.59% | -0.59% | -0.44% | -3.49% | -0.38% | -3.09% | -0.64% | 3.45% | -0.54% | -4.13% | -11.44% |
| 2014 | -2.32% | 2.85% | 2.00% | 1.43% | 1.41% | -0.51% | -0.15% | 2.88% | -2.15% | 1.69% | 3.03% | -2.73% | 7.42% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GARIX is 3, meaning it’s performing worse than 97% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Gotham Absolute Return Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Gotham Absolute Return Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.17 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Gotham Absolute Return Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Gotham Absolute Return Fund was 26.49%, occurring on Mar 23, 2020. Recovery took 247 trading sessions.
The current Gotham Absolute Return Fund drawdown is 15.97%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.49% | Dec 23, 2019 | 62 | Mar 23, 2020 | 247 | Mar 16, 2021 | 309 |
| -19.78% | Dec 4, 2014 | 284 | Jan 21, 2016 | 472 | Dec 4, 2017 | 756 |
| -18.88% | Oct 15, 2024 | 54 | Dec 31, 2024 | — | — | — |
| -13.46% | Jan 30, 2018 | 228 | Dec 24, 2018 | 226 | Nov 15, 2019 | 454 |
| -11.76% | Jan 5, 2022 | 182 | Sep 26, 2022 | 168 | May 26, 2023 | 350 |
Volatility
Volatility Chart
The current Gotham Absolute Return Fund volatility is 2.15%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.