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Using minimally online tools and articles - evaluate the mutual fund. Discuss you analysis, findings, research....

Question

Using minimally online tools and articles - evaluate the mutual fund. Discuss you analysis, findings, research....
using minimally online tools and articles - evaluate the mutual fund. Discuss you analysis, findings, research.

Gateway Fund- GATEX

Answers

Evaluating the mutual fund, Gateway Fund- GATEX:
           Ticker: GATEX.                               Fund Inception: 12/07/1977.                              Total Net Assets: $8.25B (as of 01/30/19).
                        NAV: $32.46 (as of 01/30/19)                           Asset Class: Alternatives Low Volatility Equity US Equity

Fund Objective: Seeks to capture the majority of the returns associated with equity market investments, while exposing investors to less risk than other equity investments.
Reason/Choice of Investment in the Fund: For exposure to stocks but with less volatility, for majority of returns associated with equity market investments, but with less risk. As an allocation that maintains low correlation with bond returns and is not sensitive to changes in interest rates.

Investment Strategy:

The fund invests in a broadly diversified portfolio of common stocks that closely tracks the US equity market, while hedging the portfolio with index call and put options. Through this hedging, the fund seeks to lower the volatility and risk of loss of its underlying equity portfolio. The fund maintains its hedging strategy across changing market cycles.

Portfolio

TOP TEN HOLDINGS

As a % of assets (as of 11/30/2018)

Full Holdings

1.            Microsoft Corp.                3.69%

2.            Apple, Inc. 3.65%

3.            Amazon.com, Inc.            3.09%

4.            Alphabet, Inc., Class C    2.16%

5.            Berkshire Hathaway, Inc., Class B              2.11%

6.            JPMorgan Chase & Co. 1.80%

7.            Johnson & Johnson         1.75%

8.            Facebook, Inc., Class A 1.55%

9.            Exxon Mobil Corp.           1.51%

10.          Visa, Inc., Class A            1.40%

                                                        22.71

Portfolio/Fund Managers:

Paul R. Stewart, CFA, Daniel Ashcraft, CFA, Michael T. Buckius, CFA and Kenneth Toft, CFA.

Analysis of the Fund for its performance & Riak associated:


Risks

The principal risks of investing in the fund include Equity Securities Risk, Options Risk.

FUND PERFORMANCE

Month-End         Quarter-End

                CUMULATIVE RETURNS (%) & AVERAGE ANNUAL TOTAL RETURNS (%)

As of 12/31/18

                                             1-Day MTD          QTD       YTD        1yr          3yr          5yr        10yr     Life

At Net Asset Value             0.50    2.56        2.56        2.56        -4.39      3.33        3.13        4.28        7.24

With Max. Charge           -5.28    -3.34      -3.34      -3.34      -9.88      1.32        1.92        3.67        7.08


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