Gotham Hedged Core Fund (GCHDX)
The investment seeks long-term capital appreciation and to achieve positive returns during most annual periods in an efficient, risk-adjusted manner. The fund seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity securities generally selected from the largest 1000 U.S. companies by market capitalization. The Adviser intends to target a net exposure, which is the value of the fund's long positions minus its short positions, in the range of approximately 70-100%.
Fund Info
| ISIN | US3608753972 |
|---|---|
| Issuer | Gotham |
| Inception Date | Sep 29, 2016 |
| Category | Long-Short |
| Min. Investment | $25,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
GCHDX has a high expense ratio of 0.85%, 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 Hedged Core 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 Hedged Core Fund had a return of 9.89% year-to-date (YTD) and 17.93% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.89% | 9.49% |
| 1 month | 0.57% | 1.20% |
| 6 months | 13.02% | 18.29% |
| 1 year | 17.93% | 26.44% |
| 5 years (annualized) | 9.88% | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of GCHDX, 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 | 3.83% | 2.83% | 3.67% | -3.95% | 9.89% | ||||||||
| 2023 | 2.68% | -4.74% | 5.38% | 2.22% | -0.94% | 2.57% | 0.74% | -0.09% | -3.13% | 0.76% | 5.67% | 1.65% | 12.96% |
| 2022 | -4.72% | -3.65% | 4.42% | -4.58% | 1.45% | -5.62% | 5.20% | -4.49% | -7.43% | 8.44% | 6.37% | -4.36% | -10.14% |
| 2021 | 0.00% | -0.97% | 9.17% | 3.04% | 3.43% | -0.31% | 2.01% | 2.42% | -4.73% | 3.57% | 0.22% | 8.34% | 28.57% |
| 2020 | -1.72% | -5.52% | -6.53% | 7.61% | 2.13% | 1.33% | 4.77% | 5.72% | -4.23% | -4.15% | 4.97% | 0.15% | 3.32% |
| 2019 | 4.30% | 1.69% | 0.46% | 1.95% | -3.92% | 3.98% | 1.37% | -1.17% | 1.55% | 1.61% | 2.29% | 0.98% | 15.90% |
| 2018 | 3.11% | -2.04% | -1.75% | -0.09% | 1.10% | 0.08% | 2.60% | 2.04% | 0.96% | -3.41% | 1.40% | -5.57% | -1.92% |
| 2017 | 0.77% | 3.13% | -0.37% | 0.19% | -0.19% | 0.46% | 1.20% | 0.64% | 2.44% | 1.41% | 3.04% | 1.89% | 15.55% |
| 2016 | -0.80% | 4.85% | 0.67% | 4.71% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GCHDX is 85, placing it in the top 15% 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.
GCHDX (Gotham Hedged Core Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Gotham Hedged Core Fund (GCHDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Gotham Hedged Core Fund granted a 1.23% dividend yield in the last twelve months. The annual payout for that period amounted to $0.15 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.15 | $0.15 | $0.80 | $2.35 | $0.09 | $0.79 | $1.48 | $0.18 |
Dividend yield | 1.23% | 1.36% | 7.97% | 19.47% | 0.77% | 7.13% | 14.43% | 1.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Gotham Hedged Core 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 | $0.15 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.80 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.29 | $2.35 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $0.79 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.48 | $1.48 |
| 2017 | $0.18 | $0.18 |
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 Hedged Core 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 Hedged Core Fund was 21.81%, occurring on Mar 23, 2020. Recovery took 91 trading sessions.
The current Gotham Hedged Core Fund drawdown is 0.80%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.81% | Feb 13, 2020 | 27 | Mar 23, 2020 | 91 | Jul 31, 2020 | 118 |
| -18.54% | Jan 3, 2022 | 188 | Sep 30, 2022 | 289 | Nov 24, 2023 | 477 |
| -11.3% | Oct 3, 2018 | 57 | Dec 24, 2018 | 86 | Apr 30, 2019 | 143 |
| -9.66% | Sep 3, 2020 | 39 | Oct 28, 2020 | 93 | Mar 15, 2021 | 132 |
| -6.66% | Jan 29, 2018 | 39 | Mar 23, 2018 | 108 | Aug 27, 2018 | 147 |
Volatility
Volatility Chart
The current Gotham Hedged Core Fund volatility is 2.83%, 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.