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For more information on the Gotham research portfolio, please visit www.Gotham.com.
Individual securities discussed are not a recommendation to buy or sell any security. Gotham may be long or short these securities and holdings may differ among strategies.
Any offering in one of Gotham's private funds is made only pursuant to the applicable confidential offering memorandum and is subject to the governing documents of the applicable fund or series of a fund. Limited partnership interests (“Interests”) are sold in private placements primarily to a limited number of U.S. persons meeting certain eligibility requirements. Neither a fund nor any series is registered as an Investment Company Act of 1940, as amended; and Interests are not registered under the Securities Act of 1933, as amended.
Gotham Funds
The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares upon redemption may be worth more or less than their original cost. The performance quoted does not reflect a 1% redemption fee imposed on shares redeemed or exchanged within 30 days of purchase. Returns would have been lower if certain expenses had not been reduced or reimbursed. Current performance may be lower or higher than the performance data quoted. For performance current to the most recent month-end, please contact us at 877-974-6852. To view standardized performance, please click here and go to the quarterly tab.
Mutual fund investing involves risks, including possible loss of principal. It is anticipated that the funds will frequently adjust the size of positions and thus may experience high portfolio turnover which may increase brokerage costs. Certain funds short securities and/or utilize leverage. Short sales theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase. Leverage could result in greater losses than if the funds were not leveraged. Certain funds utilize swap agreements in their investment programs. The use of derivatives such as swaps exposes the funds to additional risks including increased volatility, lack of liquidity and possible losses greater than the fund’s initial investment. In addition, certain funds invest in large, mid and small cap companies. Small and mid-cap equity securities may be more volatile and less liquid than the securities of larger companies. Please see each Fund’s prospectus and fact sheet for additional risks.
An investor should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. The prospectus and summary prospectus contain this and other information about the funds. The prospectuses and summary prospectuses are available by clicking here or by calling 877-974-6852. The prospectuses and summary prospectuses should be read carefully before investing.
Gotham Funds, which are registered with the United States Securities and Exchange Commission pursuant to the Investment Company Act of 1940, are distributed by Foreside Funds Distributors LLC (“Foreside”). Gotham Asset Management, LLC is the investment adviser to the Gotham Funds and is not affiliated with Foreside.
The Morningstar RatingTM ("star rating") is calculated for funds with at least a three-year history. Exchange-traded and open-end mutual funds are combined into a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar RatingTM is a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year (if applicable) Morningstar RatingTM metrics.
In the Large Blend category, GSPFX was rated 4 stars overall among 1298 funds as of 12/31/2023, and 4 stars among 1298 and 1191 funds for the 3-year and 5-year periods ending 12/31/2023, respectively.
For the period since inception (12/30/2016) through 12/31/2023, the Gotham Enhanced S&P 500 Index Fund (GSPFX) ranked in the 10th percentile (outperformed 90% of peer group) of the 1076 funds in Morningstar’s Large Blend fund category and ranked in the 8th percentile (outperformed 92% of peer group) when risk adjusted by Morningstar. For the trailing one-year and five-year time periods through 12/31/2023, the Morningstar ranking in the Large Blend fund category was 37th percentile among 1421 funds and 46th percentile among 1191 funds, respectively.
For the trailing three-year period ending 12/31/2023, the Gotham Enhanced Return Fund (GENIX) ranked in the 1st percentile (outperformed 99% of peer group) of the 385 funds in Morningstar’s Mid-Cap Blend fund category. For the trailing one-year, five-year, ten-year, and since inception (5/31/2016) time periods through 12/31/2023 in the Mid-Cap Blend category, the Morningstar ranking was 8th percentile among 418 funds, 72nd percentile among 363 funds, 56th percentile among 241 funds, and 32nd percentile among 235 funds, respectively.
For the trailing three-year period ending 12/31/2023, the Gotham Index Plus Fund (GINDX) ranked in the 1st percentile (outperformed 99% of peer group) of the 1298 funds in Morningstar’s Large Blend fund category. For the trailing one-year, five-year, and since inception (3/31/2015) time periods through 12/31/2023 in the Large Blend fund category, the Morningstar ranking was 22nd percentile among 1421 funds, 70th percentile among 1191 funds, and 18th percentile among 1185 funds, respectively.
Morningstar category percentile rankings are based on a fund's total return compared to its Morningstar peer group of exchange-traded and open-end mutual funds. The highest percentile rank is 1 and the lowest percentile rank is 100.
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Gotham ETFs
An investor should consider the investment objectives, risks, charges, and expenses of the funds carefully before investing. The prospectus and summary prospectus contain this and other information about the funds. The prospectus and summary prospectus should be read carefully before investing. The prospectuses for the Gotham ETFs are available by clicking here.
An investment in the funds is subject to numerous risks including the possible loss of principal. There can be no assurance that the funds will achieve their investment objectives. Equity securities, such as common stocks, are subject to market, economic and business risks that may cause their prices to fluctuate. As with all ETFs, fund shares may be bought and sold in the secondary market at market prices. The market price normally should approximate each fund’s net asset value per share (NAV), but the market price sometimes may be higher or lower than the NAV. The funds are new with a limited operating history. There are a limited number of financial institutions authorized to buy and sell shares directly with the funds, and there may be a limited number of other liquidity providers in the marketplace. There is no assurance that fund shares will trade at any volume, or at all, on any stock exchange. Low trading activity may result in shares trading at a material discount to NAV. Please see the respective prospectus and summary prospectus for a complete description of principal risks. Please see the prospectus and summary prospectus for a complete description of principal risks.
Gotham ETFs are distributed by Foreside Fund Services, LLC.