GESGX — Gotham ESG Large Value Fund
Data updated: 2023-05-26
GESGX — Gotham ESG Large Value Fund. United States Large Cap Value Thematic Equity · $1.33M AUM. Holdings, fees, performance and SEC filings.
GESGX Fund Overview
GESGX — Gotham ESG Large Value Fund is a US mutual fund managed by FundVantage Trust, categorised as United States Large Cap Value Thematic Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: FundVantage Trust
- Category: United States Large Cap Value Thematic Equity
- Assets under management: $1.33M
- 1-year return: -3.9%
- Ticker: GESGX
- SEC CIK: 0001388485
- SEC series ID: S000064777
- Share class ID: C000209778
GESGX Investment Objective and Strategy
Gotham ESG Large Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by FundVantage Trust.
Investment objective
The Gotham ESG Large Value Fund (the Fund) seeks long-term capital appreciation.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing under normal circumstances in equity securities. The Fund seeks a total return greater than that of the S&P 500 Index over a full market cycle, which is a period that includes both a bull (rising) market and a bear (falling) market cycle. The Fund primarily invests in U.S. common stocks of companies that meet the Funds ESG criteria (summarized below) and are within the universe of the largest 500 700 U.S. companies based on market capitalization. In determining which companies meet the Funds Environmental, Social and Governance (ESG) criteria, the Adviser utilizes Sustainalytics ESG Risk and Controversy ratings. Sustainalytics ESG Risk Ratings measure the degree to which a companys economic value is at risk driven by ESG factors.
The ESG Risk Ratings currently comprise two dimensions, Exposure and Management, to assess how much unmanaged ESG risk a company is exposed to with regard to: (1) corporate governance; (2) material ESG issues, such as carbon, human rights, resource use, and land use and biodiversity; and (3) idiosyncratic or unpredictable issues. A companys ESG Risk Rating is a quantitative score that represents units of unmanaged ESG risk, with lower scores representing less unmanaged risk. Based on their quantitative scores, companies are grouped into one of five risk categories: negligible (overall score of 0-9.99), low (10-19.99), medium (20-20.99), high (30-30.99) and severe (40 points and above). Companies are typically assessed annually by Sustainalytics based on annual corporate filings and disclosures and other sources.
With regard to the Controversy Rating, Sustainalytics monitors companies on an ongoing basis for any controversy pertaining to ESG. Controversial events are scored on a scale from one to five, depending on the business risk to the company and potential impact on stakeholders. Each incident is assessed in terms of its level of impact on the environment and society and its related risk to the company itself. A Category 1 controversy event is expected to have a low impact whereas a Category 5 controversy event is expected to have the highest, indicating a severe impact on the involved stakeholders and posing high business risks. The Fund will generally not invest in companies in the severe risk category (an overall score of 40 points and above) or with a Controversy Rating of 5, at the time of investment.
Sustainalytics is a third-party provider and may change their rating systems from time to time. The Adviser may also change the ESG Research provider. The Fund does not use the ESG Risk Ratings and Controversy ratings simply as negative screening filters. After screening the Funds investment universe based on ESG criteria, portfolio construction incorporates both fundamental valuations and ESG criteria. The Adviser seeks to capitalize on pricing inefficiencies in the market by employing a systematic, bottom-up, valuation approach based on the Advisers proprietary analytical framework to identify those companies meeting the ESG criteria that appear to be undervalued on both an absolute and relative basis. This approach consists of: ? Researching and analyzing each company in the Advisers coverage universe according to a methodology that emphasizes fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure, and valuation; ?
Identifying and excluding companies that do not conform to the Advisers valuation methodology or companies judged by the Adviser to have questionable financial reporting; ? Updating the analysis for earning releases, annual (Form 10-K) and quarterly (Form 10-Q) reports and other corporate filings; and ? Recording analysis in a centralized database enabling the Adviser to compare companies and identify longs based on the Advisers assessment of value. Generally, the portfolio is weighted most heavily towards those stocks that are priced at the largest discount to the Advisers assessment of value and possess strong ESG metrics based on Sustainalytics research and ratings. The portfolio is also subject to the Advisers risk controls, which include liquidity and diversification considerations. The Fund is rebalanced (generally daily) to manage risk and reposition the portfolio to reflect earnings releases and other new information related to particular companies.
Because the Fund generally rebalances its positions daily, the Fund will experience a high portfolio turnover rate. The Fund invests at least 80% of its net assets in the securities of large capitalization companies that meet the Funds environmental, socially responsible and governance (ESG) criteria at the time of investment. Large capitalization companies are companies with market capitalizations similar to companies in the Russell 1000 Index or the S&P 500 Index. In order to manage capital flows, the Fund may purchase ETFs that do not conform to ESG criteria.
GESGX Performance
Total returns for GESGX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -3.9% |
| 3 years (annualised) | 19.6% |
GESGX Risk Information
Risk metrics for GESGX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 22.7%
GESGX Costs and Fees
GESGX costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Portfolio turnover: 253%
- Brokerage commissions: 1.11 bps of average net assets (SEC N-CEN)
GESGX Cashflows
Over the 12 months to 2023-03, Gotham ESG Large Value Fund had net inflows of $267.43K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $0 |
| 2023-02 | $0 |
| 2023-01 | $0 |
| 2022-12 | $267.43K |
| 2022-11 | $0 |
| 2022-10 | $0 |
GESGX Debt Constituents
No individual debt constituents are reported in Gotham ESG Large Value Fund's latest SEC N-PORT filing.
GESGX Prospectus and SEC Filings
Official Gotham ESG Large Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-30
- Prospectus (485BPOS) — filed 2022-01-31
- Prospectus supplement (497) — filed 2021-04-30
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-02-24
- Portfolio holdings (N-PORT) — filed 2022-11-23
- Annual census (N-CEN) — filed 2022-12-14
- Annual census (N-CEN) — filed 2021-12-13
Related Funds
Other United States Large Cap Value Thematic Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.