Calendar year-to-date

With maximum sales charge. Maximum sales charge is the maximum fee on the purchase of new shares of a mutual fund. Paying a sales charge is similar to paying a premium for a security in that the customer must pay a higher offering price. Sometimes called a load.

The sum of dividends, short-term and long-term capital gains.

Tax-equivalent yield assumes the highest marginal tax rate of 43.4% (2013 federal income tax rate of 39.6% and a Medicare surtax on net investment income of 3.8%); an investor should understand that the tax equivalent yield will vary based on their personal marginal tax rate and that a lower marginal tax rate will result in a lower taxable equivalent yield. The fund’s fees and/or expenses are being reimbursed; without these reimbursements the fund’s yields would have been lower. These reductions may be discontinued.

Capital gains realized from the disposition of investments held for less than one year.

The price at which shareholders reinvest dividends and/or capital gains.

The date used to determine which shareholders are eligible to receive the distribution. Shareholders who purchase fund shares on or before the record date will receive the distribution.

The date when shareholders are paid their distribution, either in cash or by reinvestment in additional fund shares.

How much an option contract’s strike price is in-the-money (ITM) or out-of-the-money (OTM) expressed as a percentage of the price of the option contract’s underlying asset.

Net expense ratio is the fund’s total annual operating expense ratio after any fee waivers or reimbursements.

Capital gains realized from the disposition of investments held for more than one year.

Gross expense ratio is the fund’s total annual operating expense ratio before any fee waivers or reimbursements.

Calculations are hypothetical estimates and are shown for illustrative purposes only. Annual fees are based on the investment amount entered, assuming no return. Fund’s operating expenses based on the net expense ratio (Total annual fund operating expenses/Total annual fund operating expenses after fee waiver and/or expense reimbursement) as stated in the fee table of the fund’s current prospectus. Annual fees calculated does not reflect any sales charge or breakpoints for shares that are purchased or redeemed.

Weighted average time until the expiration date of the options.

The date when the distribution amount per share is deducted from the fund's NAV. Shareholders who purchase fund shares on the ex-dividend date are not eligible to receive the distribution.

The Dow Jones Industrial AverageSM is proprietary to and is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC and has been licensed for use. “Dow Jones®”, “Dow Jones Indexes” and “Dow Jones Industrial AverageSM” are service marks of Dow Jones Trademark Holdings, LLC. “CME” is a trademark of Chicago Mercantile Exchange Inc. All content of the Dow Jones Industrial Average © CME Group Index Services LLC 2010.

Ordinary income, generally consisting of dividends, interest, and other income earned on the fund’s investments, less fund expenses.

Ordinary income, generally consisting of dividends, interest, and other income earned on the fund’s investments, less fund expenses.

Weighted average price of put options owned measured as a percentage of stock assets.
Weighted average potential cash flow to be earned from written call options measured as a percentage of stock assets.

Unsubsidized 30-day SEC yield is calculated using the gross expenses of the fund. Gross expenses do not include any fee waivers or reimbursement.

Gateway Fund GATEX

Why choose this fund

Average annual total returns (as of )

  

  1-yr 3-yr 5-yr 10-yr Life of class
at NAV 7.14% 7.14% 5.22% 5.22% 6.12% 6.12% 4.05% 4.05% 7.78% 7.78%
w/MSC 0.98% 0.98% 3.16% 3.16% 4.87% 4.87% 3.43% 3.43% 7.60% 7.60%

Performance data quoted represents past performance and is no guarantee of future results. Total return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. Returns include changes in share price and reinvestment of dividends and capital gains, if any.

Click here for important performance information.

Option Portfolio Statistics (as of )

Calls Puts
% hedged with options 100% > 95%
Weighted average moneyness 1.5% ITM - 1.5% OTM 10% - 12.5% OTM
Days to expiration (weighted) 42 50
Weighted % of annualized cash flow < 10% N/A
Weighted % of annualized cost N/A < 2.5%

Fund objective

Investment strategy

Risks

 

Fund basics

Ticker GATEX
CUSIP 367829207
Fund number 1984
Class inception 12/07/1977
Total net assets
(as of 07/22/2014)
$8.19 billion
Asset class Alternatives
Hedged Equity
U.S. Equity

Daily stats

(as of 07/22/2014)
NAV $29.67 $0.05 | 0.17%
w/MSC $31.48  

30-day SEC yield 1.11%  
30-day SEC yield
(unsubsidized)
1.04%  
Start date *
End date *
Frequency Daily    Monthly    Quarterly    Annually
 

Fees and expenses

Gross expense ratio 1.03%
Net expense ratio 0.94%
Expense cap Contractual
Expiration date 04/30/2015
Maximum sales charge 5.75%

Portfolio managers Read more

Michael T. Buckius, CFA
Gateway Investment Advisers, LLC
Managed the fund since 2008

Paul R. Stewart, CFA
Gateway Investment Advisers, LLC
Managed the fund since 2006

Kenneth Toft, CFA
Gateway Investment Advisers, LLC
Managed the fund since 2013


Phone: 800-225-5478
E-mail

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