GSSFX — Gotham Short Strategies Fund

Data updated: 2023-12-14

GSSFX — Gotham Short Strategies Fund. Blend / Core Equity · $19.13M AUM · 1.35% expense ratio. Holdings, fees, performance and SEC filings.

GSSFX Fund Overview

GSSFX — Gotham Short Strategies Fund is a US mutual fund managed by FundVantage Trust, categorised as Blend / Core 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: Blend / Core Equity
Assets under management: $19.13M
1-year return: -8.0%
Ticker: GSSFX
SEC CIK: 0001388485
SEC series ID: S000058282
Share class ID: C000191036

GSSFX Investment Objective and Strategy

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

Investment objective

"The Gotham Short Strategies Fund (the ""Fund"") seeks long-term capital appreciation and to provide positive returns in down markets."

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 seeks to maintain the Fund's net equity exposure, which is the value of the Fund's long positions minus its short positions, at 50% net short. The Adviser expects that the Fund's gross equity exposure, which is the value of the Fund's long positions plus its short positions, will generally be below 250%. The Fund may invest in companies of any size and it is anticipated that the Fund will generally hold several hundred positions. The Fund generally takes 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 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 portfolio is weighted most heavily towards those stocks that are priced at the largest discount to the Adviser's assessment of value. Similarly, the short portfolio is generally weighted most heavily 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 changes resulting from 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 Fund's short sales create leverage in the Fund which may amplify changes in the Fund's net asset value. The Fund will also seek to gain exposure to short positions through the use of derivative instruments such as a total return swap agreement (a ""swap""), through which the Fund would receive the returns of investments in a customized basket of equity securities that are consistent with the Fund's strategy. 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."

GSSFX Performance

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

Period	Total return
1 year	-8.0%
3 years (annualised)	4.5%

GSSFX Risk Information

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

1-year volatility (annualised): 11.2%

GSSFX Costs and Fees

GSSFX costs about $135 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.35%
Gross expense ratio: 3.52%
Portfolio turnover: 717%
Brokerage commissions: 10.10 bps of average net assets (SEC N-CEN)

GSSFX Cashflows

Over the 12 months to 2023-09, Gotham Short Strategies Fund had net inflows of $53.08M, from monthly SEC N-PORT filings.

Month	Net flow
2023-09	$2.22M
2023-08	$1.97M
2023-07	$386.16K
2023-06	$5.48M
2023-05	$678.36K
2023-04	$887.60K

GSSFX Debt Constituents

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

GSSFX Prospectus and SEC Filings

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

Related Funds

Other Blend / Core 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.