Gotham Short Strategies Fund (GSSFX)
The investment seeks long-term capital appreciation and to provide positive returns in down markets. The fund seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities. It may invest in companies of any size and it is anticipated that the fund will generally hold several hundred positions. The fund 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 | US3608751810 |
|---|---|
| CUSIP | 360875181 |
| Issuer | Gotham |
| Inception Date | Jul 30, 2017 |
| Category | Inverse Equities, Leveraged |
| Min. Investment | $100,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
GSSFX has a high expense ratio of 1.35%, 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 Short Strategies 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 11.05% |
| 1 month | N/A | 4.86% |
| 6 months | N/A | 17.50% |
| 1 year | N/A | 27.37% |
| 5 years (annualized) | N/A | 13.14% |
| 10 years (annualized) | N/A | 10.90% |
Monthly Returns
The table below presents the monthly returns of GSSFX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -7.04% | -0.12% | -1.49% | -1.89% | 2.83% | -1.63% | -2.54% | 3.92% | 4.77% | 2.88% | -4.16% | ||
| 2022 | 9.98% | 1.02% | 3.04% | 8.30% | 4.29% | 3.36% | -1.57% | 2.82% | 7.38% | -3.77% | -0.35% | 0.12% | 39.45% |
| 2021 | -1.52% | 0.69% | 1.70% | 2.17% | 0.49% | -5.85% | 0.69% | -0.51% | 1.73% | -3.05% | 9.09% | 1.50% | 6.63% |
| 2020 | -2.48% | 2.03% | 13.97% | -8.31% | -5.13% | -2.89% | -0.65% | -5.08% | 1.92% | -4.04% | -15.59% | -1.15% | -26.29% |
| 2019 | -1.13% | -3.32% | -3.22% | -3.32% | 1.82% | -2.69% | -0.92% | -0.93% | 2.93% | -0.91% | -4.02% | -3.22% | -17.60% |
| 2018 | 0.41% | -0.10% | 2.14% | -1.49% | -0.30% | -1.52% | 0.00% | -4.32% | -2.48% | 5.96% | 0.21% | 5.01% | 3.08% |
| 2017 | -0.00% | 0.80% | -2.98% | -1.33% | 1.92% | -1.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Gotham Short Strategies Fund (GSSFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Gotham Short Strategies Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.12 | $0.00 | $0.09 | $0.21 | $0.02 |
Dividend yield | 0.00% | 0.00% | 1.95% | 0.02% | 1.12% | 2.16% | 0.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Gotham Short Strategies 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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 | $0.12 | $0.12 |
| 2020 | $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 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.09 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2017 | $0.02 | $0.02 |
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 Short Strategies 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 Short Strategies Fund was 44.76%, occurring on Feb 12, 2021. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.76% | Dec 26, 2018 | 538 | Feb 12, 2021 | — | — | — |
| -10.87% | Apr 3, 2018 | 116 | Sep 14, 2018 | 67 | Dec 20, 2018 | 183 |
| -5.29% | Sep 27, 2017 | 112 | Mar 12, 2018 | 14 | Apr 2, 2018 | 126 |
| -1.88% | Aug 24, 2017 | 12 | Sep 11, 2017 | 10 | Sep 25, 2017 | 22 |
| -0.8% | Aug 3, 2017 | 3 | Aug 7, 2017 | 3 | Aug 10, 2017 | 6 |
Volatility
Volatility Chart
The current Gotham Short Strategies Fund volatility is 3.14%, 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.