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
ISIN | US3608731374 |
---|---|
CUSIP | 360873137 |
Issuer | Gotham |
Inception Date | Aug 30, 2012 |
Category | Long-Short |
Min. Investment | $100,000 |
Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | 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 12.22% year-to-date (YTD) and 27.65% in the last 12 months. Over the past 10 years, Gotham Absolute Return Fund had an annualized return of 5.90%, while the S&P 500 had an annualized return of 10.67%, indicating that Gotham Absolute Return Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 12.22% | 9.49% |
1 month | 0.32% | 1.20% |
6 months | 16.42% | 18.29% |
1 year | 27.65% | 26.44% |
5 years (annualized) | 10.02% | 12.64% |
10 years (annualized) | 5.90% | 10.67% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 4.37% | 5.22% | 3.13% | -1.72% | 12.22% | ||||||||
2023 | 2.28% | -1.73% | 3.24% | -0.27% | 1.93% | 4.54% | 2.38% | -0.61% | -1.42% | -0.72% | 5.09% | 2.00% | 17.70% |
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% | 5.55% | 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% | 1.16% | -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% | -0.59% | 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% | 3.07% | -0.70% | 0.08% | -0.00% | 4.02% | 0.61% | 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% | -2.84% | -10.25% |
2014 | -2.32% | 2.85% | 2.00% | 1.43% | 1.41% | -0.51% | -0.15% | 2.88% | -2.15% | 1.69% | 3.03% | -0.99% | 9.33% |
2013 | 2.69% | 1.96% | 2.66% | 1.88% | 3.25% | -0.93% | 5.58% | -1.95% | 2.90% | 2.50% | 3.69% | 2.33% | 29.76% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GARIX is 97, placing it in the top 3% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GARIX (Gotham Absolute Return Fund)
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 granted a 5.23% dividend yield in the last twelve months. The annual payout for that period amounted to $1.14 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $1.14 | $1.14 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.24 | $0.56 |
Dividend yield | 5.23% | 5.87% | 0.00% | 0.00% | 1.15% | 0.00% | 0.00% | 0.00% | 0.00% | 1.36% | 1.75% | 4.32% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $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 | $1.14 | $1.14 |
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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
2019 | $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 |
2018 | $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 |
2017 | $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 |
2016 | $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 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
2013 | $0.56 | $0.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 246 trading sessions.
The current Gotham Absolute Return Fund drawdown is 1.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-26.49% | Dec 23, 2019 | 62 | Mar 23, 2020 | 246 | Mar 15, 2021 | 308 |
-17.25% | Dec 4, 2014 | 284 | Jan 21, 2016 | 429 | Oct 3, 2017 | 713 |
-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 |
-5.09% | Aug 22, 2014 | 36 | Oct 13, 2014 | 17 | Nov 5, 2014 | 53 |
Volatility
Volatility Chart
The current Gotham Absolute Return Fund volatility is 2.91%, 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.