GENFX Fees and Costs — Gotham Enhanced 500 Fund, Institutional Class
Data updated: 2020-05-20
The net expense ratio is 1.50%: a 1.35% management fee plus 0.51% other expenses, less a 0.36% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2019 the fund paid $11K in broker commissions, 0.0385% of average net assets, and portfolio turnover was 244%.
GENFX Fees and Expenses
Annual operating expenses and sales charges of GENFX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.86% |
| Fee waiver | −0.36% |
| Net expense ratio | 1.50% |
| 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 |
GENFX Costs Over Time
On $10,000 invested in GENFX, assuming 5% a year before costs, total costs come to $952 over 5 years, cutting the return by 1.62% 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 1.50%) | $158 | $489 | $843 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $162 | $526 | $952 |
| Value after costs | $10,338 | $11,050 | $11,811 |
| Impact on return, per year | 1.62% | 1.62% | 1.62% |
GENFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0385%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $154.6M
- Portfolio turnover (prospectus): 244%
- Securities on loan, average value: $1.3M
- Net income from securities lending: —
GENFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $11K | 100.00% |
GENFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $154.6M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.