Gateway Fund’s experienced lead managers have traded through a wide array of market environments, but the strategy’s investment process does not possess a clear edge versus its peers in the options trading space. Pillar ratings remain unchanged, and the Morningstar Analyst Rating is Neutral across most of the share classes, while the priciest share class now earns a Negative rating.
Gateway A GATEX
NAV / 1-Day Return
39.99
/
1.09
%
Total Assets
8.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.940%
Expense Ratio
0.940%
Fee Level
Below Average
Longest Manager Tenure
15.10
years
Category
Options Trading
Alt Style Correlation / Relative Volatility
High / MediumMin. Initial Investment
2,500
Status
Open
TTM Yield
0.43%
Turnover
22%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will GATEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GATEX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the GATEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of GATEX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A solid team but uninspiring process.
