GMIDX Fees and Costs — Gotham Master Index Plus Fund, Institutional Class
Data updated: 2020-05-20
The net expense ratio is 1.52% (8.41% before fee waivers). This share class carries a redemption fee of 1.00%. Portfolio turnover was 13%.
GMIDX Fees and Expenses
Annual operating expenses and sales charges of GMIDX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 6.89% |
| Gross expense ratio | 8.41% |
| Fee waiver | −6.89% |
| Net expense ratio | 1.52% |
| 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 |
GMIDX Costs Over Time
On $10,000 invested in GMIDX, assuming 5% a year before costs, total costs come to $941 over 5 years, cutting the return by 1.60% 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 1.52%) | $160 | $495 | $854 |
| Lost growth on money paid in costs | $0 | $25 | $87 |
| Total costs | $160 | $520 | $941 |
| Value after costs | $10,340 | $11,056 | $11,822 |
| Impact on return, per year | 1.60% | 1.60% | 1.60% |
GMIDX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $238K
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
GMIDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $238K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.