Gotham Index Plus Institutional
GINDX
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- Gotham Index Plus Fund Institutional Class (GINDX) is an open-end mutual fund managed by Gotham Asset Management LLC that seeks to outperform the S&P 500 Index over most annual periods through an enhanced index strategy combining passive index tracking with an active long/short equity overlay; the fund maintains approximately 190% long exposure and 90% short exposure for a net long position of roughly 100%, achieved by starting with U.S. large-cap stocks tracking the S&P 500 and overlaying long positions in undervalued stocks and short positions in overvalued stocks from a universe of the largest 500-700 U.S. companies by market capitalization, selected via Gotham's proprietary value-oriented analytical framework. Core offerings include this flagship institutional share class with a minimum investment of $100,000 and subsequent investments of $250, a net expense ratio of 1.15%, and no sales loads though a 1% redemption fee applies within 30 days; the fund emphasizes risk management with limits on concentration by company, industry, or sector, and daily adjustments to gross and net exposures, targeting institutional and high-net-worth investors in the large-blend category domiciled in the United States. The fund, part of the broader Gotham Funds family which also includes related offerings like Gotham Large Value Fund (GVALX), Gotham Absolute Return Fund (GARIX), and active value ETFs such as Gotham Short Strategies ETF (SHRT), Gotham 1000 Value ETF (GVLU), and Gotham Enhanced 500 ETF (GSPY), operates primarily in U.S. equities with top long holdings including Microsoft Corp (7.53%), NVIDIA Corporation (7.24%), Apple Inc (6.24%), Alphabet Inc (5.11%), and Amazon.com Inc (4.56%) as of September 30, 2025, alongside sector allocations led by information technology (36.60%), financials (15.34%), and communication services (13.42%). Launched on March 31, 2015, with headquarters for Gotham Asset Management at 535 Madison Avenue, 30th Floor, New York, NY 10022, the fund has grown net assets to approximately $1.15 billion as of December 16, 2025, under the leadership of Managing Principals and Co-Chief Investment Officers Joel Greenblatt (founder of predecessor Gotham Capital in 1985) and Robert Goldstein. Recent developments include sustained asset growth amid market volatility, with year-to-date returns of 20.10% and since-inception annualized returns of 14.16% outperforming the S&P 500 as of November 30, 2025, alongside Gotham Asset Management's ongoing expansion of its hedge fund series such as Gotham Triple Advantage S&P 500 Strategy LP variants through 2025, reflecting no major acquisitions, partnerships, or strategic shifts specific to GINDX but continued emphasis on its index-plus methodology within a $12.1 billion AUM firm managing 122 accounts.