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Gateway A GATEX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
39.71  /  0.08 %
Total Assets
7.7 Bil
Adj. Expense Ratio
0.940%
Expense Ratio
0.940%
Fee Level
Low
Longest Manager Tenure
14.61 years
Category
Options Trading
Alt Style Correlation / Relative Volatility
High / Medium
Min. Initial Investment
2,500
Status
Open
TTM Yield
0.58%
Turnover
22%

USD | NAV as of Jul 26, 2021 | 1-Day Return as of Jul 26, 2021, 8:32 PM GMT+00:00

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Morningstar’s Analysis

Will GATEX outperform in future?

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

Process Pillar

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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

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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

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The Parent Pillar is our rating of GATEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An experienced team but uninspiring process.

Senior Analyst

Summary

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Gateway's veteran managers bring a wealth of experience, but the strategy's middling process does not stand out against peers in the option-writing Morningstar Category. Under our enhanced ratings framework that places a higher emphasis on the underlying pillars, the Morningstar Analyst Rating has been downgraded to Neutral from Bronze for all share classes.

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