GEFPX Fees and Costs — Gotham Enhanced 500 Plus Fund, Institutional Class
Data updated: 2025-08-25
The net expense ratio is 2.02%: a 1.00% management fee plus 3.39% other expenses, less a 2.37% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2024 the fund paid $467 in broker commissions, 0.0111% of average net assets, and portfolio turnover was 167%.
GEFPX Fees and Expenses
Annual operating expenses and sales charges of GEFPX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 3.39% |
| Gross expense ratio | 4.39% |
| Fee waiver | −2.37% |
| Net expense ratio | 2.02% |
| 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 | Yes |
GEFPX Costs Over Time
On $10,000 invested in GEFPX, assuming 5% a year before costs, total costs come to $1,245 over 5 years, cutting the return by 2.13% 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 2.02%) | $212 | $655 | $1,123 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $33 | $115 |
| Total costs | $213 | $691 | $1,245 |
| Value after costs | $10,287 | $10,885 | $11,518 |
| Impact on return, per year | 2.13% | 2.13% | 2.13% |
GEFPX 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): 0.0111%
- Total broker commissions: $467
- Bought from dealers (principal trades, not a cost): $2.8M
- Portfolio turnover (prospectus): 167%
- Securities lending: none during the year
GEFPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $467 | 100.00% |
GEFPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2.8M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.