Gateway Fund (GATEX)
The investment seeks to capture the majority of the returns associated with equity market investments, while exposing investors to less risk than other equity investments. The fund invests in a broadly diversified portfolio of common stocks, while also selling index call options and purchasing index put options. Writing index call options is intended to reduce the fund's volatility, provides steady cash flow and is an important source of the fund's return, although it also reduces the fund's ability to profit from increases in the value of its equity portfolio.
Fund Info
| ISIN | US3678292075 |
|---|---|
| CUSIP | 367829207 |
| Issuer | Natixis Funds |
| Inception Date | Dec 6, 1977 |
| Category | Options Trading |
| Min. Investment | $2,500 |
| Asset Class | Alternatives |
Expense Ratio
GATEX has a high expense ratio of 0.93%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: GATEX vs. VIG, GATEX vs. SMH
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Gateway 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
Gateway Fund had a return of 4.11% year-to-date (YTD) and 12.57% in the last 12 months. Over the past 10 years, Gateway Fund had an annualized return of 4.86%, while the S&P 500 had an annualized return of 10.64%, indicating that Gateway Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.11% | 7.50% |
| 1 month | -0.69% | -1.61% |
| 6 months | 7.95% | 17.65% |
| 1 year | 12.57% | 26.26% |
| 5 years (annualized) | 5.42% | 11.73% |
| 10 years (annualized) | 4.86% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.06% | 2.59% | 1.53% | -2.31% | ||||||||
| 2023 | -1.06% | 3.94% | 1.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GATEX is 87, placing it in the top 13% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Gateway Fund(GATEX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Gateway Fund (GATEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Gateway Fund granted a 0.62% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.27 | $0.22 | $0.17 | $0.31 | $0.38 | $0.36 | $0.34 | $0.42 | $0.55 | $0.38 | $0.38 |
Dividend yield | 0.62% | 0.67% | 0.63% | 0.43% | 0.83% | 1.09% | 1.15% | 1.01% | 1.36% | 1.84% | 1.29% | 1.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Gateway 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 |
| 2021 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.02 |
| 2020 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 |
| 2019 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 |
| 2018 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 |
| 2017 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.04 |
| 2016 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 |
| 2015 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 |
| 2014 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 |
| 2013 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 |
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 Gateway 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 Gateway Fund was 27.90%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.
The current Gateway Fund drawdown is 1.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.9% | Jun 6, 2008 | 189 | Mar 9, 2009 | 760 | Mar 13, 2012 | 949 |
| -26.91% | Jan 2, 2001 | 386 | Jul 23, 2002 | 644 | Feb 11, 2005 | 1030 |
| -16.39% | Jan 5, 2022 | 186 | Sep 30, 2022 | 310 | Dec 26, 2023 | 496 |
| -16.12% | Feb 20, 2020 | 23 | Mar 23, 2020 | 107 | Aug 24, 2020 | 130 |
| -10.32% | Oct 2, 2018 | 58 | Dec 24, 2018 | 211 | Oct 25, 2019 | 269 |
Volatility
Volatility Chart
The current Gateway Fund volatility is 2.38%, 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.