GONFX Fees and Costs — Gotham Neutral 500 Fund, Institutional Class
Data updated: 2021-05-20
The net expense ratio is 2.88%: a 1.35% management fee plus 2.76% other expenses, less a 1.23% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2020 the fund paid $4K in broker commissions, 0.0620% of average net assets, and portfolio turnover was 336%.
GONFX Fees and Expenses
Annual operating expenses and sales charges of GONFX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.76% |
| Gross expense ratio | 4.11% |
| Fee waiver | −1.23% |
| Net expense ratio | 2.88% |
| 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 |
GONFX Costs Over Time
On $10,000 invested in GONFX, assuming 5% a year before costs, total costs come to $1,770 over 5 years, cutting the return by 3.09% 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 2.88%) | $302 | $925 | $1,571 |
| Trading costs (broker commissions) | $7 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $47 | $165 |
| Total costs | $309 | $992 | $1,770 |
| Value after costs | $10,191 | $10,584 | $10,993 |
| Impact on return, per year | 3.09% | 3.09% | 3.09% |
GONFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0620%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 336%
- Securities on loan, average value: $38K
- Net income from securities lending: $47 (0.001% of average net assets)
GONFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $4K | 100.00% |
GONFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $1.7M | 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.