GDLFX Fees and Costs — Gotham Defensive Long 500 Fund, Institutional Class
Data updated: 2025-08-25
The net expense ratio is 1.35%: a 1.35% management fee plus 0.85% other expenses, less a 0.85% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2024 the fund paid $4K in broker commissions, 0.0239% of average net assets, and portfolio turnover was 182%.
GDLFX Fees and Expenses
Annual operating expenses and sales charges of GDLFX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | — |
| Other expenses | 0.85% |
| Gross expense ratio | 2.20% |
| Fee waiver | −0.85% |
| Net expense ratio | 1.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GDLFX Costs Over Time
On $10,000 invested in GDLFX, assuming 5% a year before costs, total costs come to $853 over 5 years, cutting the return by 1.44% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.35%) | $142 | $441 | $761 |
| Trading costs (broker commissions) | $3 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $144 | $471 | $853 |
| Value after costs | $10,356 | $11,106 | $11,910 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
GDLFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0239%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $137.4M
- Portfolio turnover (prospectus): 182%
- Securities lending: none during the year
GDLFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $4K | 100.00% |
GDLFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $137.4M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.