Research and Maintain a Global Proprietary Database
- Gotham Asset Management's team of financial analysts continually collect, analyze and adjust all relevant financial data on over 4200 global stocks using the methods developed by Joel Greenblatt through 30 years of investment experience.
Portfolio Construction Using Systematic Value Weighted Approach
- The proprietary database is the foundation to an investment process which allows Gotham to systematically analyze the absolute and relative valuation of stocks.
- Stocks are selected and weighted on a number of proprietary measures of valuation. These measures may include assessments of earnings yield and return on capital as well as other value factors.
Consistent and Logical Portfolio & Risk Management
- All stocks are continually re-ranked and rebalanced to weight most heavily those stocks that are priced at the largest discount to various measures of value. The portfolio adjusts as prices and company fundamentals change.
- Guidelines for individual stock concentration, industry group concentration and country concentration (for International strategies) are applied to enhance diversification and manage risk.
- Gotham seeks to minimize turnover and market impact costs.
An investment in the Fund is subject to value investing risk, which would be the risk that a security believed to be undervalued does not appreciate in value as anticipated. An investment in the Fund is also subject to the following risks: management risk, market risk and portfolio turnover risk. High turnover rates generally result in higher brokerage costs to the Fund and in higher net taxable gain for shareholders, and may reduce the Fund's returns. Funds that invest in foreign securities are subject to risks related to social and political instability, market illiquidity and currency volatility which may cause less liquidity and greater volatility. More information about these risks and other risks can be found in the Fund's prospectus.