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GSPY

GradeCNew York Stock Exchange Arca

Gotham Enhanced 500 ETF

Active Equity · Gotham · Inception 2020-12-28 · SEC filings

$42.57−0.32 (−0.75%)

As of Sep 23, 2026, 3:00 PM EDT

Intraday session: down, 5 prints from 42.89 to 42.57. Range 42.57 to 42.89. Use the arrow keys to read each point.$42.70$42.80$42.9010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$749M
1Y return
+20.0%
Yield · Last 12 months
2.24%
Volume · 30D
0M sh
NAV per share
$42.35
52W range
low $34.35high $42.99

The ETF.net GSPY Grade

C

39/ 100

Rank 44 of 66 in US Active Value⁠

Confidence High

Six-pillar profile for GSPY. Scores out of 100: Cost 28, Risk 48, Mission 77, Tradability 38, Holdings 46, Durability 70. Strongest: Mission (77). Weakest: Cost (28). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 39 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 28
    Category rank46/66 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 77
    Category rank11/27 · top 41%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank38/62 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank42/66 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 46
    Category rank45/66 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 70
    Category rank16/66 · top 24%

Graded as of Sep 22, 2026

Our read on GSPY

ETF.net Research

CSame 500 companies as the index, reshuffled. This active fund lets the sub-adviser's valuation work set position sizes instead of market cap, so the biggest company doesn't automatically get the biggest slot.

Stated mandate

The actively managed fund generally invests in companies included in the S&P 500 Index and weights them using the sub-adviser’s valuation assessment rather than passively tracking the index.

Why people hold it

  1. 01Familiar universe, different math: it holds S&P 500 companies but weights them on the sub-adviser's valuation assessment rather than passively tracking the index.
  2. 02The 0.50% annual fee sits under the 0.55% midpoint for active large-cap value funds, which is unusual for a discretionary, stock-by-stock strategy.
  3. 03Trading since December 2020, so the value framework has a live record in real markets rather than a backtest.
  4. 04The value tilt is stated in the prospectus, not implied: a proprietary analytical framework drives the weighting decisions.

Worth knowing

  1. 01You pay for the human layer. Rules-based value peers such as WTV (0.12%) and AVLV (0.15%) charge a fraction of this fund's fee.
  2. 02It trades thinly next to the index heavyweights, so spreads can widen on larger orders.
  3. 03Distributions arrive once or twice a year, not monthly.

GSPY Holdings

As of Sep 20, 2026, 8:42 AM
Asset class
Stocks
Holdings
—
Top-10 weight
40%
Largest holding
AAPL7.0%

Sectors

  • Technology38.8%
  • Financials11.4%
  • Communication10.4%
  • Consumer Discr.10.2%
  • Health Care9.1%
  • Industrials7.0%
  • Energy4.5%
  • Cons. Staples4.3%
  • Real Estate2.2%
  • Materials1.5%
  • Utilities0.6%

Geography

  • United States98.10%
  • Ireland1.30%
  • Netherlands0.21%
  • Switzerland0.19%
  • United Kingdom0.14%
  • Canada0.04%
  • Bermuda0.02%
The fund’s holdings, weight-ordered — page 1 of 34.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AAPLApple Inc7.04%156,828$53M707
002NVDANVIDIA Corp6.83%230,083$51M828
003MSFTMicrosoft Corp6.26%94,956$47M792
004GOOGLAlphabet Inc4.64%99,308$35M704
005AMZNAmazon.com Inc4.59%135,510$34M720
006METAMeta Platforms Inc2.92%32,910$22M683
007MUMicron Technology Inc2.75%20,294$21M655
008BRK-BBerkshire Hathaway Inc1.57%23,016$12M359
009AVGOBroadcom Inc1.56%32,819$12M732
010AMDAdvanced Micro Devices Inc1.38%18,409$10M618
011JPMJPMORGAN CHASE & CO.1.34%28,580$10M478
012MRKMerck & Co Inc1.25%63,632$9M506
013UNHUnitedHealth Group Inc1.23%24,340$9M474
014TSLATesla Inc1.12%22,974$8M509
015CSCOCisco Systems Inc1.12%76,391$8M567

Showing 1–15 of 502 holdings

GSPY Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

GSPY$11,998
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. GSPY $11,998. SPY $11,723. Use the arrow keys to read each point.$9,333$10,772$12,210Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GSPY. Periods over one year show the average yearly return.
PeriodGSPY
Year to date+16.5%
1 month+1.2%
3 months+6.0%
1 year+20.0%
3 years+23.4%per year
5 years+14.1%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GSPY
YearReturn barGSPY
2026 YTD+16.5%
2025+18.3%
2024+23.6%
2023+26.0%
2022−17.0%
2021+27.5%
2020+0.6%

History from Dec 29, 2020

GSPY in the news

ETF.net Research hasn’t filed on GSPY yet — coverage lands here as it’s written.

GSPY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.24%Last 12 months
Payout per share
$0.96Last 12 months
Last payment
$0.96 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 29, 2021 $0.06; Dec 22, 2022 $0.26; Dec 22, 2023 $0.28; Dec 10, 2024 $0.27; Dec 10, 2025 $0.96. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 10, 2025Dec 11, 2025$0.96
Dec 10, 2024Dec 12, 2024$0.27
Dec 22, 2023Dec 27, 2023$0.28
Dec 22, 2022Dec 27, 2022$0.26
Dec 29, 2021Dec 31, 2021$0.06

GSPY Risk

How much the fund’s monthly returns vary, scaled to a year.
12.5%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.25
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.3%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.96
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

GSPY Cost

Expense ratio0.65%
  • The middle half of US Active Value funds
  • Median 0.55%

46 of the 66 US Active Value funds charge less.

GSPY costs $65.00 a year on $10,000. The median US Active Value fund costs $55.00.