Gateway A (GATEX - MF report) a Zacks Ranked #1 (Strong Buy) was incepted in December 1977 and is managed by Gateway Investment Advisers, L.P. GATEX seeks to capture the majority of the higher returns associated with equity market investments, while exposing investors to significantly less risk than other equity investments. GATEX may invest in all the 500 stocks included in the S&P 500 Index. GATEX distributes dividends and capital gains annually at the end of December.
This Market Neutral fund, as of the last filing, allocates their fund in two major groups; Large Value and Large Growth. Further, as of the last filing, Apple Inc, Exxon Mobil Corporation and Microsoft Corp were the top holdings for GATEX.
The Gateway A, managed by Natixis Funds, carries an expense ratio of 0.94. Moreover, GATEX requires a minimal initial investment of $2,500.
GATEX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 4.28%, 3 year 6.08%, and 5 year 5.76%. To see how this fund performed compared in its category, please click here.
GATEX’s performance, as of the last filing, when compared to funds in its category was in the top 89% in 1 year, top 95% over the past 3 years, and in the 98% over the past 5 years.
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