GHPLX — Gotham Hedged Plus Fund
Data updated: 2023-02-24
GHPLX — Gotham Hedged Plus Fund. United States Value Equity · $9.09M AUM · 2.27% expense ratio. Holdings, fees, performance and SEC filings.
GHPLX Fund Overview
GHPLX — Gotham Hedged Plus Fund is a US mutual fund managed by FundVantage Trust, categorised as United States Value 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 Value Equity
- Assets under management: $9.09M
- 1-year return: -12.6%
- Ticker: GHPLX
- SEC CIK: 0001388485
- SEC series ID: S000053382
- Share class ID: C000167907
GHPLX Investment Objective and Strategy
Gotham Hedged Plus Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by FundVantage Trust.
Investment objective
"The Gotham Hedged Plus Fund (the ""Fund"") seeks long-term capital appreciation and to achieve positive returns during most annual periods in an efficient, risk-adjusted manner."
Principal investment strategy
"The Fund seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity securities, primarily U.S. common stocks. The Adviser intends that the Fund will have the economic exposure to the S&P 500 Index (the ""Index"") of approximately 50 70% of the Fund's net assets and additional exposure to a long/short portfolio (the ""Long/Short Portfolio""), consisting of long and short positions, generally selected from the largest 500 to 700 U.S. companies by market capitalization. The Long/Short Portfolio will consist of long positions in securities that the Adviser believes to be undervalued and short positions in securities that the Adviser believes to be overvalued, based on the Adviser's analysis of the issuer's financial reports and market valuation.
The Fund intends to target a net exposure, which is the value of the Fund's long positions minus its short positions, in the range of approximately 50 70%. The Adviser expects that the Fund's gross exposure, which is the value of the Fund's long positions plus its short positions, will be in the range of approximately 220 290%. In determining which individual securities to purchase or short for the Long/Short Portfolio, the Adviser employs a systematic, bottom-up, valuation approach based on the Adviser's proprietary analytical framework to identify companies that appear to be undervalued or overvalued on both an absolute and relative basis. This approach consists of: Researching and analyzing each company in the Adviser's 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 Adviser's 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 and shorts based on the Adviser's assessment of value.
Generally the long portion of the Long/Short Portfolio is weighted towards those stocks that are priced at the largest discount to the Adviser's assessment of value. Similarly, the short portion of the Long/Short Portfolio is generally weighted towards those short positions selling at the largest premium to the Adviser's measures of value. The Long/Short Portfolio is also subject to the Adviser's risk controls, which include liquidity and diversification considerations. The Fund is rebalanced (generally daily) to maintain exposure levels, manage risk and reposition the portfolio to reflect earnings releases and other new information related to particular companies. Because the Fund generally rebalances its long and short positions within the Long/Short Portfolio on a daily basis, the Fund may experience a high portfolio turnover rate.
The Fund may invest in ETFs, including to manage capital flows. The Fund may also lend portfolio securities to brokers, dealers and other financial organizations meeting capital and other credit requirements or other criteria established by the Fund's Board of Trustees. Loans of portfolio securities will be collateralized by liquid securities and cash. The Fund may invest cash collateral received in securities consistent with its principal investment strategy. The Fund's investment of the proceeds of short sales creates leverage in the Fund which may amplify changes in the Fund's net asset value."
GHPLX Performance
Total returns for GHPLX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -12.6% |
| 3 years (annualised) | 2.0% |
GHPLX Risk Information
Risk metrics for GHPLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.6%
GHPLX Costs and Fees
GHPLX costs about $227 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.27%
- Gross expense ratio: 3.26%
- Portfolio turnover: 218%
- Brokerage commissions: 4.10 bps of average net assets (SEC N-CEN)
GHPLX Cashflows
Over the 12 months to 2022-12, Gotham Hedged Plus Fund had net inflows of $3.70M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | $720.59K |
| 2022-11 | $0 |
| 2022-10 | $35.95K |
| 2022-09 | $2.65M |
| 2022-08 | $300.01K |
| 2022-07 | $0 |
GHPLX Debt Constituents
No individual debt constituents are reported in Gotham Hedged Plus Fund's latest SEC N-PORT filing.
GHPLX Prospectus and SEC Filings
Official Gotham Hedged Plus Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-01-31
- Prospectus (485BPOS) — filed 2021-01-28
- Prospectus supplement (497) — filed 2020-02-20
- Portfolio holdings (N-PORT) — filed 2023-02-24
- Portfolio holdings (N-PORT) — filed 2022-11-23
- Portfolio holdings (N-PORT) — filed 2022-08-23
- Annual census (N-CEN) — filed 2022-12-14
- Annual census (N-CEN) — filed 2021-12-13
Related Funds
Other United States Value 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.