Gateway Low Volatility U.S. Equity Fund

  • FUND FACTS
  • PRICES & PERFORMANCE
  • HOLDINGS & STATS
  • DOCUMENTS

Fund Inception Date:

September 17, 2015


Fund Assets:

(Includes all series)

$21,624,127


Management Fee:

 

1.75%

View Fee Chart
Portfolio Advisor:

Portfolio Managers:

Paul Stewart, CFA
Michael Buckius, CFA
Kenneth Toft, CFA
Daniel Ashcraft, CFA



 
 
 
 

Investment Objective

  • The Fund seeks to provide a combination of income and capital appreciation through investment primarily in U.S. equity securities and will attempt to reduce volatility through the sale of index call options and the purchase of index put options.

Who Should Invest in this Fund?

  • You should consider this Fund if you want a combination of income and capital appreciation with less volatility (as a result of the use of an index option broad risk management strategy) than a traditional portfolio consisting solely of equity securities
  • You should consider this Fund if you have a low to medium tolerance for risk

Volatility Classification

 

         
Low       High

Investment Strategies

  • Under normal circumstances, the Fund invests in a broadly diversified portfolio of common stocks that replicates a broad based securities market index, while also selling index call options and purchasing index put options
  • Writing index call options reduces the Fund’s volatility, provides steady cash flow and is an important source of the Fund’s return, although it also reduces the Fund’s ability to fully profit from increases in the value of its equity portfolio
  • The Fund also buys index put options, which can protect the Fund from a significant market decline that may occur over a short period of time. The value of an index put option generally increases as the prices of the stocks constituting the index decrease, and decreases as those stocks increase in price. From time to time, the Fund may reduce its holdings of put options, resulting in an increased exposure to a market decline
  • The combination of the diversified stock portfolio, the steady cash flow from the sale of index call options and the downside protection from index put options is intended to provide the Fund with the majority of the returns associated with equity market investments while exposing investors to less risk than other equity investments
  • The Fund may invest in companies with small, medium or large market capitalizations


Performance [ as of December 31, 2016 1, 2 ]

Series 1 mo. 3 mo. 6 mo. CYTD 1 yr. 3 yr. 5 yr. 10 yr. *Since
Inception
Series A0.4 3.4 5.9 -1.2 -1.2 -- -- -- 3.5
Benchmark - S&P 500 ($CAD)2.0 6.3 11.3 8.6 8.6 -- -- -- 13.5

Prices (Regular Series)

Fund CodesNAVPU
as of
Daily Change Weekly Change
Front EndBack End 02/24/2017 % $ % $  
NXG6401$9.6497 -0.0363 -0.0035 0.4225 0.0406
NXG6401N$9.7664 -0.5651 -0.0555 -2.7629 -0.2775
NXG6401U$7.3682 0.0937 0.0069 0.2054 0.0151

NAVPU - by Series


1 Returns for 1 month, 3 month, 6 month and CYTD are simple rates of return. The returns for 1 year and Since Inception are annual compound rates of return. Assumes all dividends have been reinvested.
2 Returns represent fund performance and do not include any sales commissions or redemption fees payable by the investor.

Top 25 Holdings [ as of December 31 ]

Name Country Sector % of total holdings Market Value
SPDR S+P500 ETF TRUST UNITED STATES INDEX FUNDS 9.20% 1,860,482
APPLE INC UNITED STATES INFORMATION TECHNOLOGY 2.90% 578,021
MICROSOFT CORP UNITED STATES INFORMATION TECHNOLOGY 2.20% 448,148
ISHARES CORE S+P 500 ETF UNITED STATES INDEX FUNDS 2.10% 417,216
EXXON MOBIL CORP UNITED STATES ENERGY 1.70% 346,638
JOHNSON + JOHNSON UNITED STATES HEALTH CARE 1.40% 292,288
CASH & EQUIVALENTS? CASH & EQUIVALENTS CASH & EQUIVALENTS? 1.40% 288,198
JPMORGAN CHASE + CO UNITED STATES FINANCIALS 1.40% 287,445
BERKSHIRE HATHAWAY INC CL B UNITED STATES FINANCIALS 1.40% 286,458
AMAZON.COM INC UNITED STATES CONSUMER DISCRETIONARY 1.40% 273,070
GENERAL ELECTRIC CO UNITED STATES INDUSTRIALS 1.30% 261,994
FACEBOOK INC A UNITED STATES INFORMATION TECHNOLOGY 1.20% 247,512
AT+T INC UNITED STATES TELECOMMUNICATION SERVICES 1.20% 242,715
WELLS FARGO + CO UNITED STATES FINANCIALS 1.20% 231,863
ALPHABET INC CL A UNITED STATES INFORMATION TECHNOLOGY 1.10% 216,166
ALPHABET INC CL C UNITED STATES INFORMATION TECHNOLOGY 1.00% 211,575
PROCTER + GAMBLE CO WHEN DIS UNITED STATES CONSUMER STAPLES 1.00% 208,227
BANK OF AMERICA CORP UNITED STATES FINANCIALS 1.00% 207,908
CHEVRON CORP UNITED STATES ENERGY 1.00% 205,133
VERIZON COMMUNICATIONS INC UNITED STATES TELECOMMUNICATION SERVICES 1.00% 201,775
PFIZER INC UNITED STATES HEALTH CARE 0.90% 182,523
CITIGROUP INC UNITED STATES FINANCIALS 0.80% 159,239
INTEL CORP UNITED STATES INFORMATION TECHNOLOGY 0.80% 158,788
COMCAST CORP CLASS A UNITED STATES CONSUMER DISCRETIONARY 0.80% 153,654
HOME DEPOT INC UNITED STATES CONSUMER DISCRETIONARY 0.80% 152,964
Total Displayed     40.20% 8,119,998
Total Holdings       20,159,661

Portfolio Sector Allocation
[ as of December 31** ]

INFORMATION TECHNOLOGY 18.50%
FINANCIALS 13.20%
HEALTH CARE 12.10%
INDEX FUNDS 11.30%
CONSUMER DISCRETIONARY 10.70%
INDUSTRIALS 9.20%
CONSUMER STAPLES 8.30%
ENERGY 6.70%
UTILITIES 2.80%
REAL ESTATE 2.50%
MATERIALS 2.50%
TELECOMMUNICATION SERVICES 2.40%
CASH & EQUIVALENTS? 1.40%
INDEX OPTIONS -1.60%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of December 31 ]

UNITED STATES 94.70%
IRELAND 1.90%
CASH & EQUIVALENTS 1.40%
CURACAO 0.50%
SWITZERLAND 0.40%
SINGAPORE 0.30%
NETHERLANDS 0.20%
UNITED KINGDOM 0.20%
BERMUDA 0.10%
PANAMA 0.10%
JERSEY 0.10%
LIBERIA 0.10%
TOTAL 100.00%

** The Portfolio Sector Asset Allocations and Total Percentage Displayed in Top Holdings do not include non-cash working capital.

 Gateway Low Volatility U.S. Equity Fund Snapshot

 
 
 
 
 

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.