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)

$25,092,807


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   Medium   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 March 31, 2017 1, 2 ]

Series 1 mo. 3 mo. 6 mo. CYTD 1 yr. 3 yr. 5 yr. 10 yr. *Since
Inception
Series A0.2 0.8 4.2 0.8 7.8 0.0 -- -- 3.5
Benchmark - S&P 500 ($CAD)0.7 5.2 11.9 5.2 20.4 -0 -- -- 15

Prices (Regular Series)

Fund CodesNAVPU
as of
Daily Change Weekly Change
Front EndBack End 04/28/2017 % $ % $  
NXG6401$10.0159 0.013 0.0013 1.9575 0.1923
NXG6401N$9.7664 -0.5651 -0.0555 -3.2972 -0.333
NXG6401U$7.3549 -0.0313 -0.0023 0.6266 0.0458

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 March 31 ]

Name Country Sector % of total holdings Market Value
SPDR S+P500 ETF TRUST UNITED STATES INDEX FUNDS 7.30% 1,708,529
CASH & EQUIVALENTS? CASH & EQUIVALENTS CASH & EQUIVALENTS? 4.90% 1,157,510
ISHARES CORE S+P 500 ETF UNITED STATES INDEX FUNDS 4.80% 1,130,755
APPLE INC UNITED STATES INFORMATION TECHNOLOGY 3.10% 730,447
MICROSOFT CORP UNITED STATES INFORMATION TECHNOLOGY 2.10% 495,084
AMAZON.COM INC UNITED STATES CONSUMER DISCRETIONARY 1.50% 340,401
EXXON MOBIL CORP UNITED STATES ENERGY 1.40% 328,837
JOHNSON + JOHNSON UNITED STATES HEALTH CARE 1.40% 327,479
FACEBOOK INC A UNITED STATES INFORMATION TECHNOLOGY 1.40% 324,234
BERKSHIRE HATHAWAY INC CL B UNITED STATES FINANCIALS 1.30% 306,045
JPMORGAN CHASE + CO UNITED STATES FINANCIALS 1.30% 303,898
GENERAL ELECTRIC CO UNITED STATES INDUSTRIALS 1.10% 251,965
AT+T INC UNITED STATES TELECOMMUNICATION SERVICES 1.10% 246,759
ALPHABET INC CL A UNITED STATES INFORMATION TECHNOLOGY 1.00% 243,300
WELLS FARGO + CO UNITED STATES FINANCIALS 1.00% 243,295
ALPHABET INC CL C UNITED STATES INFORMATION TECHNOLOGY 1.00% 238,065
BANK OF AMERICA CORP UNITED STATES FINANCIALS 1.00% 230,455
PROCTER + GAMBLE CO/THE UNITED STATES CONSUMER STAPLES 0.90% 222,634
PFIZER INC UNITED STATES HEALTH CARE 0.80% 197,350
CHEVRON CORP UNITED STATES ENERGY 0.80% 196,004
VERIZON COMMUNICATIONS INC UNITED STATES TELECOMMUNICATION SERVICES 0.80% 192,170
COMCAST CORP CLASS A UNITED STATES CONSUMER DISCRETIONARY 0.70% 173,249
HOME DEPOT INC UNITED STATES CONSUMER DISCRETIONARY 0.70% 172,839
MERCK + CO. INC. UNITED STATES HEALTH CARE 0.70% 169,261
PHILIP MORRIS INTERNATIONAL UNITED STATES CONSUMER STAPLES 0.70% 169,199
Total Displayed     42.80% 10,099,763
Total Holdings       23,464,887

Portfolio Sector Allocation
[ as of March 31** ]

INFORMATION TECHNOLOGY 18.50%
INDEX FUNDS 12.10%
FINANCIALS 12.00%
HEALTH CARE 11.70%
CONSUMER DISCRETIONARY 10.30%
INDUSTRIALS 8.50%
CONSUMER STAPLES 7.80%
ENERGY 5.50%
CASH & EQUIVALENTS? 4.90%
UTILITIES 2.70%
REAL ESTATE 2.40%
MATERIALS 2.40%
TELECOMMUNICATION SERVICES 2.00%
INDEX OPTIONS -0.80%
TOTAL 100.00%

Portfolio Geographic Allocation
[ as of March 31 ]

UNITED STATES 91.40%
CASH & EQUIVALENTS 4.90%
IRELAND 1.70%
CURACAO 0.40%
SWITZERLAND 0.40%
SINGAPORE 0.40%
NETHERLANDS 0.20%
UNITED KINGDOM 0.20%
BERMUDA 0.10%
PANAMA 0.10%
JERSEY 0.10%
LIBERIA 0.10%
VIRGIN ISLANDS, BRITISH 0.00%
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.