GHPLX Fees and Costs — Gotham Hedged Plus Fund, Institutional Class
Data updated: 2023-02-24
The net expense ratio is 2.27%: a 1.00% management fee plus 2.26% other expenses, less a 0.99% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2022 the fund paid $5K in broker commissions, 0.0410% of average net assets, and portfolio turnover was 218%.
GHPLX Fees and Expenses
Annual operating expenses and sales charges of GHPLX. Prospectus, as of January 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 2.26% |
| Gross expense ratio | 3.26% |
| Fee waiver | −0.99% |
| Net expense ratio | 2.27% |
| 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 |
GHPLX Costs Over Time
On $10,000 invested in GHPLX, assuming 5% a year before costs, total costs come to $1,408 over 5 years, cutting the return by 2.43% 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 2.27%) | $238 | $734 | $1,255 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $37 | $131 |
| Total costs | $243 | $784 | $1,408 |
| Value after costs | $10,257 | $10,792 | $11,355 |
| Impact on return, per year | 2.43% | 2.43% | 2.43% |
GHPLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0410%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $2.5M
- Portfolio turnover (prospectus): 218%
- Securities lending: none during the year
GHPLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $5K | 100.00% |
GHPLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2.5M | 100.00% |
| PERSHING LLC | $33 | 0.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.