GFIVX Fees and Costs — Gotham Absolute 500 Fund, Institutional Class
Data updated: 2020-08-25
The net expense ratio is 1.50%: a 1.35% management fee plus 1.01% other expenses, less a 0.86% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2019 the fund paid $5K in broker commissions, 0.0325% of average net assets, and portfolio turnover was 263%.
GFIVX Fees and Expenses
Annual operating expenses and sales charges of GFIVX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.01% |
| Gross expense ratio | 2.36% |
| Fee waiver | −0.86% |
| 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 |
GFIVX Costs Over Time
On $10,000 invested in GFIVX, assuming 5% a year before costs, total costs come to $948 over 5 years, cutting the return by 1.61% 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) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $0 | $25 | $87 |
| Total costs | $161 | $524 | $948 |
| Value after costs | $10,339 | $11,052 | $11,814 |
| Impact on return, per year | 1.61% | 1.61% | 1.61% |
GFIVX 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): 0.0325%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $65.1M
- Portfolio turnover (prospectus): 263%
- Securities on loan, average value: $664K
- Net income from securities lending: —
GFIVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $5K | 100.00% |
GFIVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $65.1M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.