GSPY

The S&P 500 Reweighted

Overview

The Gotham Enhanced 500 ETF (GSPY) is an actively managed ETF 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.

Fund Details

Fund Inception12/28/2020
TickerGSPY
Primary ExchangeNYSE
CUSIP886364835
IOPV SymbolGSPY.IV
NAV SymbolGSPY.NV
Gross Expense Ratio *0.65%
Net Expense Ratio *0.50%

*The Fund’s investment adviser has contractually agreed to reduce its unitary management fee to 0.50% of the Fund’s average daily net assets through at least December 31, 2023.

Fund Data & Pricing

Net Assets$91,242,221
NAV$24.01
Shares Outstanding3,800,000
Premium/Discount0.10%
Closing Price$24.04
Median 30 Day Spread0.04%

Data as of 10/15/2021

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

30 Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Performance

Month End

As of September 30, 2021

YTD 1m 3m 6m 1y Since Inception
GSPY NAV 15.23% -4.85% -0.12% 8.11% 15.53%
GSPY Market Price 15.36% -4.73% -0.07% 8.14% 15.70%
S&P 500 Index 15.92% -4.65% 0.58% 9.18% 16.59%

Quarter End

As of September 30, 2021

YTD 1m 3m 6m 1y Since Inception
GSPY NAV 15.23% -4.85% -0.12% 8.11% 15.53%
GSPY Market Price 15.36% -4.73% -0.07% 8.14% 15.70%
S&P 500 Index 15.92% -4.65% 0.58% 9.18% 16.59%

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the ETF shares will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Performance data for the most recent month-end is available above. Returns less than one year are cumulative.

A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.

Top 10 Holdings

As of October 18, 2021

Percentage Of Net Assets Name Ticker CUSIP Shares Held Market Value
6.80% MICROSOFT CORP MSFT 594918104 20,400 $6,205,884.00
5.90% APPLE INC AAPL 037833100 37,196 $5,387,468.64
5.14% ALPHABET INC GOOGL 02079K305 1,659 $4,690,590.24
5.11% AMAZON COM INC AMZN 023135106 1,367 $4,660,130.34
2.75% FACEBOOK INC FB 30303M102 7,713 $2,504,873.88
1.72% BERKSHIRE HATHAWAY INC DEL BRK/B 084670702 5,514 $1,567,133.94
1.63% WALMART INC WMT 931142103 10,593 $1,488,846.15
1.56% HOME DEPOT INC HD 437076102 4,062 $1,423,365.42
1.50% JOHNSON & JOHNSON JNJ 478160104 8,466 $1,365,565.80
1.47% CISCO SYS INC CSCO 17275R102 24,277 $1,341,304.25
Portfolio holdings will change and should not be considered investment advice or a recommendation to buy, sell or hold any particular security.

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.

The S&P 500 Index is a commonly followed equity index and is generally considered a barometer of the U.S. equity market. The performance and volatility of the Fund will be different than that of the index. It is not possible to invest directly in the index.

An investment in the Fund is subject to numerous risks including the possible loss of principal. There can be no assurance that the Fund will achieve its investment objective. 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 the Fund’s net asset value per share (NAV), but the market price sometimes may be higher or lower than the NAV. The Fund is new with a limited operating history. There are a limited number of financial institutions authorized to buy and sell shares directly with the Fund, 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 prospectus and summary prospectus for a complete description of principal risks.

The Gotham Enhanced 500 ETF (GSPY) is distributed by Foreside Fund Services, LLC.