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Gotham Absolute Return Institutional GARIX

Analyst rating as of
NAV / 1-Day Return
14.45  /  0.35 %
Total Assets
457.7 Mil
Adj. Expense Ratio
1.500%
Expense Ratio
1.500%
Fee Level
Above Average
Longest Manager Tenure
8.23 years
Category
US Fund Long-Short Equity
Alt Style Correlation / Relative Volatility
High / High
Min. Initial Investment
250,000
Status
Open
TTM Yield
0.00%
Turnover
233%
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Morningstar’s Analysis

Will GARIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A large fee cut boosts an otherwise straightforward option.

Analyst

Summary

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Gotham recently cut fees on Gotham Absolute Return substantially to 1.50% from 2.15%. The strategy itself offers investors balanced exposure to quality and value factors, but the team’s approach to research and development lacks a distinct edge. Still, the fee cut is significant, and lowers the hurdle for success. This merits a Morningstar Analyst Rating upgrade to Neutral from Negative.

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