The fund seeks capital appreciation in the long term by investing in mega-and large-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in long and short positions of equity and equity-related securities.

The team takes long positions in securities that are estimated to trade below their fair values and short positions in securities that are overvalued based on the issuer’s financial reports and market valuation.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team seeks to capitalize on pricing inefficiencies in the market.

In addition, the research team evaluates a company’s fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure and valuation.

The team excludes companies that have questionable financial reporting characteristics.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend portfolio securities to brokers, dealers and other financial organizations.

The fund seeks capital appreciation in the long term by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in long and short positions of equity and equity-related securities, primarily companies traded on U.S. markets.

The team takes long positions in securities that are estimated to trade below their fair values and short positions in securities that are overvalued based on the issuer’s financial reports and market valuation.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team seeks to capitalize on pricing inefficiencies in the market.

In addition, the research team evaluates a company’s fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure and valuation.

The team excludes companies that have questionable financial reporting characteristics.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may also lend portfolio securities to brokers, dealers and other financial organizations.

The fund seeks capital appreciation in the long term by investing in companies in the United States.

The investment process uses an enhanced index strategy to identify companies that appear to be undervalued or overvalued on both an absolute and relative basis.

The research team employs a bottom-up fundamental research process to exploit market inefficiencies. Next, the team evaluates a company’s fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure and valuation.

The team excludes companies that have questionable financial reporting characteristics.

The fund seeks capital appreciation in the long term by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in long and short positions of equity securities generally selected from the largest 1000 U.S. companies by market capitalization.

The team takes long positions in securities that are estimated to trade below their fair values and short positions in securities that are overvalued based on the issuer’s financial reports and market valuation.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team seeks to identify companies that appear to be undervalued or overvalued on both an absolute and relative basis.

In addition, the research team evaluates a company’s fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure and valuation.

The team excludes companies that have questionable financial reporting characteristics.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may also lend portfolio securities to brokers, dealers and other financial organizations.

The fund seeks capital appreciation in the long term by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in long and short positions of equity securities generally selected from the largest 1000 U.S. companies by market capitalization.

The team takes long positions in securities that are estimated to trade below their fair values and short positions in securities that are overvalued based on the issuer’s financial reports and market valuation.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team seeks to identify companies that appear to be undervalued or overvalued on both an absolute and relative basis.

In addition, the research team evaluates a company’s fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure and valuation.

The team excludes companies that have questionable financial reporting characteristics.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may invest in ETFs, including to manage capital flows.

Also, the fund may also lend portfolio securities to brokers, dealers and other financial organizations.
 

The fund seeks to outperform total return performance of the benchmark index by investing in large-size companies in the United States.

The investment process uses an enhanced index strategy to identify companies that appear to be undervalued or overvalued on both an absolute and relative basis.

The Long/Short portfolio consists of long positions in securities that the manager believes to be undervalued and short positions in securities that the manager believes to be overvalued based on the issuer’s financial reports and market valuation.

Next, the research team evaluates a company’s fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure and valuation.

The team excludes companies that have questionable financial reporting characteristics.

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies in the United States.

The investment process seeks to outperform the S&P 500 Index over a full market cycle.

The fund primarily invests in companies in the S&P 500 Index, but may invest in the largest 500 to 700 companies based on market capitalization.

Next, the research team looks to capitalize on pricing efficiencies in the market to identify companies that appear to be undervalued on both an absolute and relative basis.

The team analyzes financial reports and market valuation to take long positions in securities it believes to be undervalued.

In addition, the research team analyzes each company’s fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure and valuation. The team excludes companies that have questionable financial reporting.

The fund manager constructs a portfolio of stocks that are priced at the largest discount to its estimated intrinsic value and holdings are reviewed on a daily basis.

Since the fund rebalances the portfolio on a daily basis, the fund will have a high portfolio turnover rate.

The fund seeks capital appreciation in the long term by investing in mega-and large-size companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in long and short positions of equity securities.

The team invests primarily in companies listed in the S&P 500 Index, but may invest in other large capitalization companies, generally selected from the largest 500 to 700 U.S. companies by market capitalization.

The team takes long positions in securities that are estimated to trade below their fair values and short positions in securities that are overvalued based on the issuer’s financial reports and market valuation.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team seeks to capitalize on pricing inefficiencies in the market.

In addition, the research team evaluates a company’s fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure and valuation.

The team excludes companies that have questionable financial reporting characteristics.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may lend portfolio securities to brokers, dealers and other financial organizations.

The fund seeks capital appreciation in the long term by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in long and short positions of equity and equity-related securities, primarily companies traded on U.S. markets.

The team takes long positions in securities that are estimated to trade below their fair values and short positions in securities that are overvalued based on the issuer’s financial reports and market valuation.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team seeks to capitalize on pricing inefficiencies in the market.

In addition, the research team evaluates a company’s fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure and valuation.

The team excludes companies that have questionable financial reporting characteristics.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may also lend portfolio securities to brokers, dealers and other financial organizations.

The fund seeks capital appreciation in the long term by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in long and short positions of equity and equity-related securities, primarily companies traded on U.S. markets.

The team takes long positions in securities that are estimated to trade below their fair values and short positions in securities that are overvalued based on the issuer’s financial reports and market valuation.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team seeks to capitalize on pricing inefficiencies in the market.

In addition, the research team evaluates a company’s fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure and valuation.

The team excludes companies that have questionable financial reporting characteristics.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may also lend portfolio securities to brokers, dealers and other financial organizations.

The fund seeks capital appreciation in the long term by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the fund invests in other funds managed by the manager.

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 takes long positions in securities that are estimated to trade below their fair values and short positions in securities that are overvalued based on the issuer’s financial reports and market valuation.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team evaluates a company’s fundamentals such as recurring earnings, cash flows, capital efficiency, capital structure and valuation.

The team excludes companies that have questionable financial reporting characteristics.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The underlying funds may also lend portfolio securities to brokers, dealers and other financial organizations.

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 or equity-related securities directly.