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Brief Study of Gateway A Fund (GATEX)
Gateway A Fund (GATEX - Free Report) seeks to capitalize on the returns arising out of investment in equity markets. GATEX invests the majority of its assets in common stocks. GATEX also engages in selling index call options and purchasing index put options.
This Market Neutral - Equity product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 5.5% and 5 year almost 5.4%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
The Gateway A Fund, as of the last filing, allocates their fund in top two major groups; Large Value and Large Growth. Further, as of the last filing, Apple Inc, Microsoft Corp and Facebook Inc A were the top holdings for GATEX.
This Zacks Rank #1 (Strong Buy) was incepted in December 1977 and is managed by Natixis Funds. GATEX carries an expense ratio of 0.94% and requires a minimal initial investment of $2,500.
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