Gotham Large Value Fund (GVALX)

100% Long

NAV $14.90

Daily Return 1.71%

Since Inception Return (Cum)157.45%

Ticker GVALX
CUSIP 360875470
Minimum Investment $100,000
Fund Net Assets $32,200,095
Inception Date December 31, 2015
As of 07/26/2024

Investment Overview

The Gotham Large Value Fund (the “Fund”) is a value weighted long-only U.S. equity strategy that selects from the largest 500 -700 U.S. companies based on market capitalization. The Fund seeks long-term capital appreciation by investing in long positions of equity securities and in doing so aims to achieve a total return greater than that of the S&P 500 over a full market cycle, which includes bull (rising) and bear (falling) markets.

Investment Strategy and Process

Gotham's proprietary equity research and risk controls are used to select the portfolio primarily from a large market capitalization universe.

The Co-CIOs and their team of equity analysts employ Gotham’s proprietary analytical framework to evaluate stocks within the coverage universe on measures of absolute and relative value.

The portfolio is rebalanced daily to weight most heavily those stocks that are priced at the largest discount to Gotham's assessment of value. In general, as a company appears cheaper, its weight in the portfolio increases.

Risk for the Fund is managed following a disciplined proprietary process limiting concentration in any one company, industry or sector. In addition, exposures are managed daily to remain within carefully defined ranges.

The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares upon redemption may be worth more or less than their original cost. The performance quoted does not reflect a 1% redemption fee imposed on shares redeemed or exchanged within 30 days of purchase.   Returns would have been lower if certain expenses had not been reduced or reimbursed. Current performance may be lower or higher than the performance data quoted. For performance current to the most recent month-end, please call 877-974-6852.

The S&P 500 Total Return Index is a commonly followed equity index and is generally considered a barometer of the U.S. equity market. Returns for the S&P 500 Total Return Index include the reinvestment of income and do not include transaction fees, management fees or any other costs. The performance and volatility of the fund will be different than those of the index. It is not possible to invest directly in the index. 

The Gotham Large Value Fund’s gross expense ratio is estimated to be 1.21%. The net expense ratio is 0.75% and the management fee is 0.75%. 

The Adviser has contractually agreed to reduce its investment advisory fee and/or reimburse certain expenses of the Fund to the extent necessary to ensure that the Fund’s total operating expenses do not exceed 0.75% (on an annual basis) of average daily net assets of the Fund until January 31, 2026. The expense limitation is exclusive of certain expenses. See the Prospectus and Summary Prospectus for additional details.

Performance as of 06/30/2024

 MonthTrailing 3
Months		YTD1 YEAR3 YEAR5 YEARSince Inception Annualized1Since Inception Cumulative1
Gotham Large Value Fund - GVALX-0.90%-3.95%5.28%13.35%6.12%10.01%11.29%148.12%
S&P 5003.59%4.28%15.29%24.56%10.01%15.05%14.31%211.57%

1Inception date: December 31, 2015

Please click here to view quarterly standardized performance

Composition & Holdings as of 06/30/2024

PORTFOLIO COMPOSITION

Long Holdings

235

NET SECTOR ALLOCATION (% OF EQUITY)

Industrials

20.75%

Consumer Disc

14.16%

Consumer Staples

13.38%

Health Care

10.63%

Information Tech

9.88%

Financials

9.78%

Energy

8.32%

Communication Services

6.92%

Materials

3.94%

Real Estate

1.50%

Utilities

0.23%

The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares upon redemption may be worth more or less than their original cost. The performance quoted does not reflect a 1% redemption fee imposed on shares redeemed or exchanged within 30 days of purchase.   Returns would have been lower if certain expenses had not been reduced or reimbursed. Current performance may be lower or higher than the performance data quoted. For performance current to the most recent month-end, please call 877-974-6852.

The S&P 500 Total Return Index is a commonly followed equity index and is generally considered a barometer of the U.S. equity market. Returns for the S&P 500 Total Return Index include the reinvestment of income and do not include transaction fees, management fees or any other costs. The performance and volatility of the fund will be different than those of the index. It is not possible to invest directly in the index.

The Gotham Large Value Fund’s gross expense ratio is estimated to be 1.21%. The net expense ratio is 0.75% and the management fee is 0.75%. 

The Adviser has contractually agreed to reduce its investment advisory fee and/or reimburse certain expenses of the Fund to the extent necessary to ensure that the Fund’s total operating expenses do not exceed 0.75% (on an annual basis) of average daily net assets of the Fund until January 31, 2026. The expense limitation is exclusive of certain expenses. See the Prospectus and Summary Prospectus for additional details.

Portfolio composition is subject to change at any time.

Fees & Minimums

PURCHASE OF SHARES

Investment Minimum

$100,000

Additional Investment Minimum

$250

ANNUAL FUND OPERATING EXPENSES

Gross Expense Ratio

1.21%

Net Expense Ratio1

0.75%

Distribution (12b-1) Fee

None

SHAREHOLDER FEES

Sales Load

None

Deferred Sales Load

None

Redemption Fee (within 30 days)

1.00%

1The Adviser has contractually agreed to reduce its investment advisory fee and/or reimburse certain expenses of the Fund to the extent necessary to ensure that the Fund’s total operating expenses do not exceed 0.75% (on an annual basis) of average daily net assets of the Fund until January 31, 2026. The expense limitation is exclusive of certain expenses. See the Prospectus and Summary Prospectus for additional details.

INDIVIDUAL INVESTORSFINANCIAL ADVISORS

Purchase Directly through the Fund Family (See Below)

OR

Available at the Following Firms:

  • 1.

    To purchase directly, Complete Online Application for Non-Retirement Account or Retirement Account:

     

    CLICK HERE for the application

     

    CLICK HERE for the IRA Disclosures and Distribution Forms

  • 2.

    Any questions?

     

     

    If you have any questions, please contact Shareholder Services at (877) 974-6852 Monday – Friday 9:00am to 5:00pm ET.

    • Charles Schwab
    • E*Trade Financial®
    • Fidelity Investments
    • Interactive Brokers
    • Pershing
    • TD Ameritrade Institutional
    • Vanguard

 

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