GSSFX Fees and Costs — Gotham Short Strategies Fund, Institutional Class
Data updated: 2023-12-14
The net expense ratio is 1.35%: a 1.35% management fee plus 2.17% other expenses, less a 2.17% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2023 the fund paid $21K in broker commissions, 0.1010% of average net assets, and portfolio turnover was 717%.
GSSFX Fees and Expenses
Annual operating expenses and sales charges of GSSFX. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | — |
| Other expenses | 2.17% |
| Gross expense ratio | 3.52% |
| Fee waiver | −2.17% |
| Net expense ratio | 1.35% |
| 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 | No |
GSSFX Costs Over Time
On $10,000 invested in GSSFX, assuming 5% a year before costs, total costs come to $899 over 5 years, cutting the return by 1.52% 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 1.35%) | $142 | $440 | $760 |
| Trading costs (broker commissions) | $11 | $33 | $57 |
| Lost growth on money paid in costs | $0 | $23 | $83 |
| Total costs | $152 | $497 | $899 |
| Value after costs | $10,348 | $11,080 | $11,863 |
| Impact on return, per year | 1.52% | 1.52% | 1.52% |
GSSFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1010%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $379.2M
- Portfolio turnover (prospectus): 717%
- Securities lending: none during the year
GSSFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $21K | 100.00% |
GSSFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $379.2M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.