GONFX — Gotham Neutral 500 Fund

Data updated: 2021-05-20

GONFX — Gotham Neutral 500 Fund. United States Value Equity · $2.10M AUM · 2.88% expense ratio. Holdings, fees, performance and SEC filings.

GONFX Fund Overview

GONFX — Gotham Neutral 500 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: $2.10M
1-year return: -0.6%
Ticker: GONFX
SEC CIK: 0001388485
SEC series ID: S000055423
Share class ID: C000174403

GONFX Investment Objective and Strategy

Gotham Neutral 500 Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by FundVantage Trust.

Investment objective

"The Gotham Neutral 500 Fund (the ""Fund"") seeks long-term capital appreciation with minimal correlation to the general stock market."

Principal investment strategy

The Fund seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity securities. The Fund invests primarily in U.S. common stocks of companies listed in the S&P 500 Index, but may invest in other large capitalization companies, generally selected from the largest 500 to 700 U.S. companies by market capitalization. The Fund will generally take 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. It is anticipated that the Fund will hold several hundred long positions and a similar number of short positions. The Adviser seeks to capitalize on pricing inefficiencies in the market by employing 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 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 portfolio is generally weighted towards those short positions selling at the largest premium to the Adviser's measures of value. The 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 on a daily basis, the Fund may experience a high portfolio turnover rate. The Adviser seeks to maintain the Fund's net exposure, which is the value of the Fund's long positions minus its short positions, in the range of approximately 0% 30%. The Adviser expects that the Fund's gross exposure, which is the value of the Fund's long positions plus its short positions, will generally be below 225%.

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.

GONFX Performance

Total returns for GONFX (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-0.6%

GONFX Risk Information

Risk metrics for GONFX, derived from monthly returns in SEC filings.

1-year volatility (annualised): 8.4%

GONFX Costs and Fees

GONFX costs about $288 per $10,000 invested per year in fund expenses.

Net expense ratio: 2.88%
Gross expense ratio: 4.11%
Portfolio turnover: 336%
Brokerage commissions: 6.20 bps of average net assets (SEC N-CEN)

GONFX Cashflows

Over the 12 months to 2021-03, Gotham Neutral 500 Fund had net inflows of $5.76M, from monthly SEC N-PORT filings.

Month	Net flow
2021-03	$0
2021-02	$0
2021-01	$0
2020-12	$712.79K
2020-11	$0
2020-10	$56.82K

GONFX Debt Constituents

No individual debt constituents are reported in Gotham Neutral 500 Fund's latest SEC N-PORT filing.

GONFX Prospectus and SEC Filings

Official Gotham Neutral 500 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

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.