GTRNX — Gotham Total Return Fund
Data updated: 2026-08-21
GTRNX — Gotham Total Return Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $17.42M AUM. Holdings, fees, performance and SEC filings.
GTRNX Fund Overview
GTRNX — Gotham Total Return Fund is a US mutual fund managed by FundVantage Trust, categorised as United States Multi-Cap / All-Cap 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: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $17.42M
- 1-year return: -10.1%
- Ticker: GTRNX
- SEC CIK: 0001388485
- SEC series ID: S000048691
- Share class ID: C000197764
GTRNX Investment Objective and Strategy
Gotham Total Return Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by FundVantage Trust.
Investment objective
"The Gotham Total Return Fund (the ""Fund"") seeks long-term capital appreciation."
Principal investment strategy
"The Fund seeks to achieve its objective primarily by investing in other funds managed by the Adviser as described below. By following the investment strategy described below, the Fund hopes to achieve its investment objective and in doing so, outperform the investment returns of the top ranked university endowments over a full market cycle, which is a period that includes both a bull (rising) market and a bear (falling) market cycle. The Fund intends to allocate the majority of its assets among mutual funds advised by Gotham (each an ""underlying fund"" and collectively, the ""underlying funds""). Each of the underlying funds utilizes a long/short equity strategy with varying levels of net exposure (long positions less short positions). The Adviser expects that the net exposure for the Fund will be in the range of approximately 40% 85% during normal market conditions.
The Fund's allocation to the underlying funds and investments will be rebalanced based on the Adviser's current assessment of market conditions. As a fund of funds, in addition to the underlying funds, the Fund may purchase shares of other registered investment companies where the investment adviser is not the same as, or affiliated with, Gotham, including ETFs. The Fund may also invest in equity securities directly. The Underlying Funds Each of the underlying funds 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 underlying funds generally invest in U.S. common stocks. For each of the underlying funds, the Adviser employs a systematic bottom-up approach based on the Adviser's proprietary analytical framework.
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, each underlying fund's 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 of each underlying fund is generally weighted most heavily towards those short positions selling at the largest premium to the Adviser's measures of value. The underlying funds are subject to the Adviser's risk controls, which include liquidity and diversification considerations. The underlying funds are rebalanced (generally daily) to maintain exposure levels, manage risk and reposition the portfolios to reflect earnings releases and other new information related to particular companies. Because each underlying fund generally rebalances its long and short positions on a daily basis, the Fund and the underlying funds may each experience a high portfolio turnover rate. Each of the underlying fund's investment of the proceeds of short sales creates leverage in such underlying fund, which may amplify changes in such underlying fund's net asset value.
The underlying funds also lend portfolio securities to brokers, dealers and other financial organizations meeting capital and other credit requirements or other criteria established by the Board of Trustees. Loans of portfolio securities will be collateralized by liquid securities and cash. The underlying funds may invest cash collateral received in securities consistent with their principal investment strategy."
GTRNX Holdings
Top 6 holdings of Gotham Total Return Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Tidal Trust I | 29.17% |
| FundVantage Trust | 25.35% |
| FundVantage Trust | 19.85% |
| FundVantage Trust | 15.79% |
| FundVantage Trust | 9.57% |
| Dreyfus Government Cash Management Funds | 0.45% |
GTRNX Portfolio Allocation
Asset-class allocation of Gotham Total Return Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.7% |
| Cash & Equivalents | 0.5% |
GTRNX Performance
Total returns for GTRNX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -10.1% |
| 3 years (annualised) | 0.5% |
GTRNX Risk Information
Risk metrics for GTRNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.4%
GTRNX Costs and Fees
GTRNX costs about $125 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.25%
- Gross expense ratio: 1.91%
- Portfolio turnover: 7%
- Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)
GTRNX Cashflows
Over the 12 months to 2026-06, Gotham Total Return Fund had net inflows of $1.39M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$5.24K |
| 2026-05 | −$51.09K |
| 2026-04 | −$8.10K |
| 2026-03 | −$74.74K |
| 2026-02 | $0 |
| 2026-01 | $149.95K |
GTRNX Debt Constituents
No individual debt constituents are reported in Gotham Total Return Fund's latest SEC N-PORT filing.
GTRNX Prospectus and SEC Filings
Official Gotham Total Return Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-28
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus supplement (497) — filed 2025-02-06
- Portfolio holdings (N-PORT) — filed 2026-08-21
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2025-12-15
- Annual census (N-CEN) — filed 2023-12-14
Related Funds
Other United States Multi-Cap / All-Cap 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.