Gotham Enhanced S&P 500 Index Fund
Your Invest5 account is invested in the Gotham Enhanced S&P 500 Index Fund (GSPFX), a mutual fund that buys all 500 stocks in the S&P 500 Index but reweights them, buying more of the ones we think are cheaper and less of the ones we believe are more expensive.
How do we do it?
Gotham Asset Management, LLC ("Gotham") receives a management fee
for managing the Gotham Enhanced S&P 500 Index Fund (the "Fund").
The net expense ratio, which is what investors actually pay inclusive of the management fee, is capped at 0.50%
pursuant to an expense limitation agreement through at least January 31, 2023. The Fund’s expense ratio would have been 0.65% without the expense
limitation agreement.
Please see the prospectus for more details.
Performance as of 12/31/2022
| Since Inception Cumulative1 | Since Inception Annualized1 | 5 Year | 3 Year | 1 Year | |
| Gotham Enhanced S&P 500 Index Fund2 | 95.51% | 11.82% | 9.35% | 7.33% | -14.74% |
| S&P 500 Total Return Index | 91.13% | 11.40% | 9.42% | 7.66% | -18.11% |
1Inception Date: 12/30/2016
2Net of all fees
Performance as of 12/31/2022
| Since Inception Cumulative1 | Since Inception Annualized1 | 5 Year | 3 Year | 1 Year | |
| Gotham Enhanced S&P 500 Index Fund2 | 95.51% | 11.82% | 9.35% | 7.33% | -14.74% |
| S&P 500 Total Return Index | 91.13% | 11.40% | 9.42% | 7.66% | -18.11% |
1Inception Date: 12/30/2016
2Net of all fees
How do we do it?
Gotham Asset Management, LLC ("Gotham") receives a management fee
for managing the Gotham Enhanced S&P 500 Index Fund (the "Fund").
The net expense ratio, which is what investors actually pay inclusive of the management fee, is capped at 0.50%
pursuant to an expense limitation agreement through at least January 31, 2023. The Fund’s expense ratio would have been 0.65% without the expense
limitation agreement.
Please see the prospectus for more details.
Disclosures
The performance data quoted represents
past performance. Past performance is no guarantee of future results.
The Fund recently experienced significant negative short-term performance
due to stock market volatility associated with the COVID-19 pandemic. 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. Returns would have been lower if certain expenses had not been reduced or reimbursed.
To obtain performance through the most recent month-end, please call 888-705-0545.
The S&P 500 Total Return Index is a commonly followed equity index and is generally considered a barometer of the U.S. equity market. Returns for the S&P 500 Total Return Index include the reinvestment of income and do not include transaction fees, management fees or any other costs. The performance and volatility of the Fund will be different than those of the index. It is not possible to invest directly in the index. This site is intended for residents of the U.S. only. The information on the website does not constitute an offer for products or services, or a solicitation of an offer to any person outside of the United States who is prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.
Mutual fund investing involves risks, including possible loss of principal. It is anticipated that the Fund will frequently adjust the size of positions and thus may experience high portfolio turnover which may increase brokerage costs. Please see the prospectus for additional information.
An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and other information about the Fund. The prospectus and summary prospectus should be read carefully before investing. Gotham Funds, including the Fund, are distributed by Foreside Funds Distributors LLC ("FFD"). Gotham Asset Management, LLC is the investment adviser to the Gotham Funds and is not affiliated with FFD. FFD does not open, maintain or monitor customer accounts, nor does it accept any investments or handle purchase or redemption requests. Shareholder accounts invested directly with the Gotham Funds are held at the transfer agent, BNY Mellon Investment Servicing.
The S&P 500 Total Return Index is a commonly followed equity index and is generally considered a barometer of the U.S. equity market. Returns for the S&P 500 Total Return Index include the reinvestment of income and do not include transaction fees, management fees or any other costs. The performance and volatility of the Fund will be different than those of the index. It is not possible to invest directly in the index. This site is intended for residents of the U.S. only. The information on the website does not constitute an offer for products or services, or a solicitation of an offer to any person outside of the United States who is prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.
Mutual fund investing involves risks, including possible loss of principal. It is anticipated that the Fund will frequently adjust the size of positions and thus may experience high portfolio turnover which may increase brokerage costs. Please see the prospectus for additional information.
An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and other information about the Fund. The prospectus and summary prospectus should be read carefully before investing. Gotham Funds, including the Fund, are distributed by Foreside Funds Distributors LLC ("FFD"). Gotham Asset Management, LLC is the investment adviser to the Gotham Funds and is not affiliated with FFD. FFD does not open, maintain or monitor customer accounts, nor does it accept any investments or handle purchase or redemption requests. Shareholder accounts invested directly with the Gotham Funds are held at the transfer agent, BNY Mellon Investment Servicing.
