GOTHAM LARGE VALUE FUND
Portfolio of Investments
December 31, 2020
(Unaudited)
Number of Shares | Value | |||||||
COMMON STOCKS — 99.4% |
| |||||||
Automobiles & Components — 0.7% |
| |||||||
Aptiv PLC (Jersey) | 1,989 | $ | 259,147 | |||||
BorgWarner, Inc. | 3,019 | 116,654 | ||||||
Ford Motor Co. | 10,665 | 93,745 | ||||||
General Motors Co. | 2,990 | 124,504 | ||||||
|
| |||||||
594,050 | ||||||||
|
| |||||||
Banks — 3.5% |
| |||||||
Citigroup, Inc. | 25,965 | 1,601,002 | ||||||
Citizens Financial Group, Inc. | 1,242 | 44,414 | ||||||
Comerica, Inc. | 1,752 | 97,867 | ||||||
Fifth Third Bancorp | 8,975 | 247,441 | ||||||
JPMorgan Chase & Co. | 1,911 | 242,831 | ||||||
KeyCorp | 3,431 | 56,303 | ||||||
M&T Bank Corp. | 1,616 | 205,717 | ||||||
People’s United Financial, Inc. | 5,278 | 68,245 | ||||||
SVB Financial Group* | 653 | 253,253 | ||||||
US Bancorp. | 1,381 | 64,341 | ||||||
Zions Bancorp NA | 1,456 | 63,249 | ||||||
|
| |||||||
2,944,663 | ||||||||
|
| |||||||
Capital Goods — 16.8% |
| |||||||
3M Co. | 6,895 | 1,205,177 | ||||||
A.O. Smith Corp. | 2,034 | 111,504 | ||||||
AMETEK, Inc. | 3,225 | 390,032 | ||||||
Carrier Global Corp. | 10,910 | 411,525 | ||||||
Caterpillar, Inc. | 2,560 | 465,971 | ||||||
Cummins, Inc. | 2,186 | 496,441 | ||||||
Deere & Co. | 1,942 | 522,495 | ||||||
Dover Corp. | 2,127 | 268,534 | ||||||
Eaton Corp. PLC (Ireland) | 4,110 | 493,775 | ||||||
Emerson Electric Co. | 7,486 | 601,650 | ||||||
Fastenal Co. | 925 | 45,168 | ||||||
Flowserve Corp. | 531 | 19,567 | ||||||
Fortive Corp. | 4,248 | 300,843 | ||||||
Fortune Brands Home & Security, Inc. | 1,751 | 150,096 | ||||||
General Dynamics Corp. | 594 | 88,399 | ||||||
Honeywell International, Inc. | 7,269 | 1,546,116 | ||||||
Howmet Aerospace, Inc. | 6,328 | 180,601 | ||||||
Huntington Ingalls Industries, Inc. | 510 | 86,945 | ||||||
IDEX Corp. | 953 | 189,838 | ||||||
Illinois Tool Works, Inc. | 2,450 | 499,506 | ||||||
Jacobs Engineering Group, Inc. | 1,634 | 178,041 | ||||||
Johnson Controls International PLC (Ireland) | 11,168 | 520,317 | ||||||
L3Harris Technologies, Inc. | 1,814 | 342,882 | ||||||
Lockheed Martin Corp. | 3,325 | 1,180,308 |
Number of Shares | Value | |||||||
COMMON STOCKS — (Continued) |
| |||||||
Capital Goods — (Continued) |
| |||||||
Masco Corp. | 3,995 | $ | 219,445 | |||||
Northrop Grumman Corp. | 464 | 141,390 | ||||||
Otis Worldwide Corp. | 3,158 | 213,323 | ||||||
PACCAR, Inc. | 4,310 | 371,867 | ||||||
Parker-Hannifin Corp. | 1,622 | 441,849 | ||||||
Pentair PLC (Ireland) | 2,096 | 111,277 | ||||||
Quanta Services, Inc. | 2,081 | 149,874 | ||||||
Raytheon Technologies Corp. | 1,116 | 79,805 | ||||||
Snap-on, Inc. | 795 | 136,056 | ||||||
Stanley Black & Decker, Inc. | 2,019 | 360,513 | ||||||
Trane Technologies PLC (Ireland) | 3,026 | 439,254 | ||||||
TransDigm Group, Inc.* | 758 | 469,088 | ||||||
United Rentals, Inc.* | 1,033 | 239,563 | ||||||
WW Grainger, Inc. | 677 | 276,446 | ||||||
|
| |||||||
13,945,481 | ||||||||
|
| |||||||
Commercial & Professional Services — 1.0% |
| |||||||
Cintas Corp. | 354 | 125,125 | ||||||
Republic Services, Inc. | 4,012 | 386,356 | ||||||
Robert Half International, Inc. | 1,439 | 89,909 | ||||||
Waste Management, Inc. | 2,069 | 243,997 | ||||||
|
| |||||||
845,387 | ||||||||
|
| |||||||
Consumer Durables & Apparel — 1.2% |
| |||||||
Garmin Ltd. (Switzerland) | 1,765 | 211,200 | ||||||
Hanesbrands, Inc. | 4,387 | 63,962 | ||||||
Hasbro, Inc. | 617 | 57,714 | ||||||
Leggett & Platt, Inc. | 1,669 | 73,937 | ||||||
Mohawk Industries, Inc.* | 1,048 | 147,716 | ||||||
Newell Brands, Inc. | 5,345 | 113,474 | ||||||
PulteGroup, Inc. | 508 | 21,905 | ||||||
PVH Corp. | 1,057 | 99,242 | ||||||
Whirlpool Corp. | 921 | 166,231 | ||||||
|
| |||||||
955,381 | ||||||||
|
| |||||||
Consumer Services — 0.8% |
| |||||||
Darden Restaurants, Inc. | 1,284 | 152,950 | ||||||
McDonald’s Corp. | 757 | 162,437 | ||||||
MGM Resorts International | 1,972 | 62,138 | ||||||
Yum! Brands, Inc. | 2,423 | 263,041 | ||||||
|
| |||||||
640,566 | ||||||||
|
| |||||||
Diversified Financials — 5.5% |
| |||||||
Berkshire Hathaway, Inc., Class B* | 2,321 | 538,170 | ||||||
BlackRock, Inc. | 1,791 | 1,292,278 | ||||||
Cboe Global Markets, Inc. | 1,364 | 127,016 | ||||||
Discover Financial Services | 3,704 | 335,323 |
1
GOTHAM LARGE VALUE FUND
Portfolio of Investments (Continued)
December 31, 2020
(Unaudited)
Number of Shares | Value | |||||||
COMMON STOCKS — (Continued) |
| |||||||
Diversified Financials — (Continued) |
| |||||||
Franklin Resources, Inc. | 7,274 | $ | 181,777 | |||||
Invesco Ltd. (Bermuda) | 6,662 | 116,119 | ||||||
Morgan Stanley | 4,334 | 297,009 | ||||||
Nasdaq, Inc. | 2,100 | 278,754 | ||||||
S&P Global, Inc. | 2,317 | 761,667 | ||||||
Synchrony Financial | 4,001 | 138,875 | ||||||
T Rowe Price Group, Inc. | 3,407 | 515,786 | ||||||
|
| |||||||
4,582,774 | ||||||||
|
| |||||||
Energy — 2.3% |
| |||||||
Apache Corp. | 223 | 3,164 | ||||||
Baker Hughes Co. | 8,347 | 174,035 | ||||||
Chevron Corp. | 3,059 | 258,333 | ||||||
Halliburton Co. | 12,835 | 242,582 | ||||||
Kinder Morgan, Inc. | 31,612 | 432,136 | ||||||
National Oilwell Varco, Inc.* | 4,890 | 67,140 | ||||||
Schlumberger NV (Curacao) | 20,290 | 442,931 | ||||||
TechnipFMC PLC (United Kingdom) | 6,542 | 61,495 | ||||||
Williams Cos., Inc. (The) | 13,443 | 269,532 | ||||||
|
| |||||||
1,951,348 | ||||||||
|
| |||||||
Food & Staples Retailing — 2.6% |
| |||||||
Kroger Co. (The) | 9,666 | 306,992 | ||||||
Sysco Corp. | 7,438 | 552,346 | ||||||
Walgreens Boots Alliance, Inc. | 6,749 | 269,150 | ||||||
Walmart, Inc. | 7,429 | 1,070,890 | ||||||
|
| |||||||
2,199,378 | ||||||||
|
| |||||||
Food, Beverage & Tobacco — 8.1% |
| |||||||
Altria Group, Inc. | 23,414 | 959,974 | ||||||
Archer-Daniels-Midland Co. | 8,143 | 410,489 | ||||||
Campbell Soup Co. | 4,411 | 213,272 | ||||||
Coca-Cola Co. (The) | 8,406 | 460,985 | ||||||
Conagra Brands, Inc. | 6,155 | 223,180 | ||||||
Constellation Brands, Inc., Class A | 2,428 | 531,853 | ||||||
General Mills, Inc. | 8,173 | 480,572 | ||||||
Hershey Co. (The) | 2,547 | 387,984 | ||||||
JM Smucker Co. (The) | 1,667 | 192,705 | ||||||
Kellogg Co. | 4,331 | 269,518 | ||||||
Kraft Heinz Co. (The) | 15,408 | 534,041 | ||||||
Lamb Weston Holdings, Inc. | 824 | 64,882 | ||||||
McCormick & Co., Inc., non-voting shares | 3,361 | 321,312 | ||||||
Molson Coors Beverage Co., Class B | 2,732 | 123,459 | ||||||
Mondelez International, Inc., Class A | 757 | 44,262 | ||||||
Monster Beverage Corp.* | 2,325 | 215,016 |
Number of Shares | Value | |||||||
COMMON STOCKS — (Continued) |
| |||||||
Food, Beverage & Tobacco — (Continued) |
| |||||||
PepsiCo, Inc. | 457 | $ | 67,773 | |||||
Philip Morris International, Inc. | 11,875 | 983,131 | ||||||
Tyson Foods, Inc., Class A | 4,599 | 296,360 | ||||||
|
| |||||||
6,780,768 | ||||||||
|
| |||||||
Health Care Equipment & Services — 7.4% |
| |||||||
AmerisourceBergen Corp. | 2,510 | 245,378 | ||||||
Anthem, Inc. | 2,369 | 760,662 | ||||||
Centene Corp.* | 7,078 | 424,892 | ||||||
Cigna Corp. | 2,319 | 482,769 | ||||||
CVS Health Corp. | 11,931 | 814,887 | ||||||
DaVita, Inc.* | 1,840 | 216,016 | ||||||
HCA Healthcare, Inc. | 4,263 | 701,093 | ||||||
Hologic, Inc.* | 3,244 | 236,260 | ||||||
Humana, Inc. | 1,668 | 684,330 | ||||||
Laboratory Corp. of America Holdings* | 1,227 | 249,756 | ||||||
McKesson Corp. | 895 | 155,658 | ||||||
Medtronic PLC (Ireland) | 1,570 | 183,910 | ||||||
Quest Diagnostics, Inc. | 1,701 | 202,708 | ||||||
UnitedHealth Group, Inc. | 1,690 | 592,649 | ||||||
Universal Health Services, | 348 | 47,850 | ||||||
Varian Medical Systems, Inc.* | 789 | 138,083 | ||||||
|
| |||||||
6,136,901 | ||||||||
|
| |||||||
Household & Personal Products — 3.5% |
| |||||||
Church & Dwight Co., Inc. | 2,724 | 237,614 | ||||||
Clorox Co. (The) | 1,588 | 320,649 | ||||||
Colgate-Palmolive Co. | 10,251 | 876,563 | ||||||
Kimberly-Clark Corp. | 4,806 | 647,993 | ||||||
Procter & Gamble Co. (The) | 6,108 | 849,867 | ||||||
2,932,686 | ||||||||
Insurance — 2.9% | ||||||||
Aflac, Inc. | 1,244 | 55,321 | ||||||
American International Group, Inc. | 7,221 | 273,387 | ||||||
Aon PLC, Class A (Ireland) | 2,887 | 609,936 | ||||||
Arthur J Gallagher & Co. | 2,408 | 297,894 | ||||||
LIncoln National Corp. | 1,675 | 84,269 | ||||||
Marsh & McLennan Cos., Inc. | 6,375 | 745,875 | ||||||
MetLife, Inc. | 2,258 | 106,013 | ||||||
PrIncipal Financial Group, Inc. | 1,077 | 53,430 | ||||||
Prudential Financial, Inc. | 1,981 | 154,657 | ||||||
Travelers Cos., Inc. (The) | 45 | 6,317 | ||||||
|
| |||||||
2,387,099 | ||||||||
|
|
2
GOTHAM LARGE VALUE FUND
Portfolio of Investments (Continued)
December 31, 2020
(Unaudited)
Number of Shares | Value | |||||||
COMMON STOCKS — (Continued) |
| |||||||
Materials — 7.3% |
| |||||||
Amcor PLC (Jersey) | 19,667 | $ | 231,481 | |||||
Avery Dennison Corp. | 1,051 | 163,021 | ||||||
Celanese Corp. | 475 | 61,722 | ||||||
CF Industries Holdings, Inc. | 3,158 | 122,246 | ||||||
Dow, Inc. | 9,345 | 518,648 | ||||||
DuPont de Nemours, Inc. | 10,728 | 762,868 | ||||||
Eastman Chemical Co. | 1,987 | 199,256 | ||||||
Ecolab, Inc. | 2,097 | 453,707 | ||||||
FMC Corp. | 1,634 | 187,796 | ||||||
Freeport-McMoRan, Inc. | 16,682 | 434,066 | ||||||
International Paper Co. | 5,732 | 284,995 | ||||||
Linde PLC (Ireland) | 1,512 | 398,427 | ||||||
LyondellBasell Industries NV, Class A | ||||||||
(Netherlands) | 1,308 | 119,891 | ||||||
Mosaic Co. (The) | 4,775 | 109,873 | ||||||
Newmont Corp. | 4,851 | 290,526 | ||||||
Nucor Corp. | 3,803 | 202,282 | ||||||
Packaging Corp. of America | 1,194 | 164,665 | ||||||
PPG Industries, Inc. | 3,458 | 498,713 | ||||||
Sealed Air Corp. | 2,259 | 103,440 | ||||||
Sherwin-Williams Co. (The) | 867 | 637,167 | ||||||
Westrock Co. | 3,092 | 134,595 | ||||||
|
| |||||||
6,079,385 | ||||||||
|
| |||||||
Media & Entertainment — 2.5% |
| |||||||
Charter Communications, Inc., Class A* | 1,261 | 834,215 | ||||||
Discovery, Inc., Class A* | 6,765 | 203,559 | ||||||
DISH Network Corp., Class A* | 6,597 | 213,347 | ||||||
Fox Corp., Class A | 7,802 | 227,194 | ||||||
Interpublic Group of Cos., Inc. (The) | 5,696 | 133,970 | ||||||
News Corp., Class A | 459 | 8,248 | ||||||
Omnicom Group, Inc. | 3,169 | 197,650 | ||||||
ViacomCBS, Inc., Class B | 7,760 | 289,138 | ||||||
|
| |||||||
2,107,321 | ||||||||
|
| |||||||
Pharmaceuticals, Biotechnology & Life Sciences — 5.5% |
| |||||||
AbbVie, Inc. | 5,844 | 626,185 | ||||||
Alexion Pharmaceuticals, Inc.* | 2,759 | 431,066 | ||||||
Amgen, Inc. | 19 | 4,368 | ||||||
Biogen, Inc.* | 1,938 | 474,539 | ||||||
Gilead Sciences, Inc. | 13,107 | 763,614 | ||||||
Johnson & Johnson | 4,069 | 640,379 | ||||||
Merck & Co., Inc. | 4,215 | 344,787 | ||||||
PerkinElmer, Inc. | 11 | 1,578 | ||||||
Pfizer, Inc. | 24,948 | 918,336 |
Number of Shares | Value | |||||||
COMMON STOCKS — (Continued) |
| |||||||
Pharmaceuticals, Biotechnology & Life Sciences — (Continued) |
| |||||||
Thermo Fisher Scientific, Inc. | 463 | $ | 215,656 | |||||
Viatris, Inc.* | 7,371 | 138,133 | ||||||
|
| |||||||
4,558,641 | ||||||||
|
| |||||||
Real Estate — 1.1% |
| |||||||
Alexandria Real Estate Equities, Inc., REIT | 44 | 7,842 | ||||||
CBRE Group, Inc., Class A* | 3,498 | 219,395 | ||||||
Mid-America Apartment Communities, Inc., REIT | 4 | 507 | ||||||
Public Storage, REIT | 498 | 115,003 | ||||||
Simon Property Group, Inc., REIT | 12 | 1,023 | ||||||
Ventas, Inc., REIT | 3,608 | 176,936 | ||||||
Weyerhaeuser Co., REIT | 10,895 | 365,309 | ||||||
|
| |||||||
886,015 | ||||||||
|
| |||||||
Retailing — 8.8% |
| |||||||
Advance Auto Parts, Inc. | 863 | 135,931 | ||||||
AutoZone, Inc.* | 297 | 352,076 | ||||||
Best Buy Co., Inc. | 3,274 | 326,712 | ||||||
Dollar General Corp. | 3,206 | 674,222 | ||||||
Dollar Tree, Inc.* | 286 | 30,899 | ||||||
eBay, Inc. | 10,666 | 535,966 | ||||||
Gap, Inc. (The)* | 4,712 | 95,135 | ||||||
Genuine Parts Co. | 2,126 | 213,514 | ||||||
Home Depot, Inc. (The) | 4,938 | 1,311,632 | ||||||
L Brands, Inc. | 4,034 | 150,024 | ||||||
LKQ Corp.* | 4,484 | 158,016 | ||||||
Lowe’s Cos., Inc. | 9,191 | 1,475,247 | ||||||
O’Reilly Automotive, Inc.* | 924 | 418,175 | ||||||
Pool Corp. | 431 | 160,548 | ||||||
Target Corp. | 6,309 | 1,113,728 | ||||||
Tractor Supply Co. | 1,472 | 206,934 | ||||||
Ulta Beauty, Inc.* | 11 | 3,159 | ||||||
|
| |||||||
7,361,918 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment — 1.9% |
| |||||||
Applied Materials, Inc. | 5,516 | 476,031 | ||||||
Intel Corp. | 9,480 | 472,294 | ||||||
KLA Corp. | 1,209 | 313,022 | ||||||
QUALCOMM, Inc. | 669 | 101,915 | ||||||
Teradyne, Inc. | 1,751 | 209,927 | ||||||
Texas Instruments, Inc. | 107 | 17,562 | ||||||
|
| |||||||
1,590,751 | ||||||||
|
|
3
GOTHAM LARGE VALUE FUND
Portfolio of Investments (Concluded)
December 31, 2020
(Unaudited)
Number of Shares | Value | |||||||
COMMON STOCKS — (Continued) |
| |||||||
Software & Services — 4.6% |
| |||||||
Accenture PLC, Class A (Ireland) | 1,806 | $ | 471,745 | |||||
Broadridge Financial Solutions, Inc. | 1,457 | 223,212 | ||||||
Gartner, Inc.* | 1,130 | 181,015 | ||||||
International Business Machines Corp. | 6,798 | 855,732 | ||||||
NortonLifeLock, Inc. | 6,167 | 128,150 | ||||||
Oracle Corp. | 20,860 | 1,349,433 | ||||||
Paychex, Inc. | 5,243 | 488,543 | ||||||
Western Union Co. (The) | 6,111 | 134,075 | ||||||
|
| |||||||
3,831,905 | ||||||||
|
| |||||||
Technology Hardware & Equipment — 5.5% |
| |||||||
Apple, Inc. | 11,776 | 1,562,557 | ||||||
CDW Corp. | 1,768 | 233,005 | ||||||
Cisco Systems, Inc. | 27,585 | 1,234,429 | ||||||
Corning, Inc. | 9,625 | 346,500 | ||||||
F5 Networks, Inc.* | 718 | 126,325 | ||||||
FLIR Systems, Inc. | 25 | 1,096 | ||||||
HP, Inc. | 20,773 | 510,808 | ||||||
Juniper Networks, Inc. | 4,879 | 109,826 | ||||||
NetApp, Inc. | 1,335 | 88,430 | ||||||
Seagate Technology PLC (Ireland) | 3,173 | 197,234 | ||||||
TE Connectivity Ltd. (Switzerland) | 648 | 78,453 | ||||||
Vontier Corp.* | 2,123 | 70,908 | ||||||
|
| |||||||
4,559,571 | ||||||||
|
| |||||||
Telecommunication Services — 3.0% |
| |||||||
AT&T, Inc. | 42,442 | 1,220,632 |
Number of Shares | Value | |||||||
COMMON STOCKS — (Continued) |
| |||||||
Telecommunication Services — (Continued) |
| |||||||
Verizon Communications, Inc. | 21,544 | $ | 1,265,710 | |||||
|
| |||||||
2,486,342 | ||||||||
|
| |||||||
Transportation — 2.7% | ||||||||
CH Robinson Worldwide, Inc. | 1,712 | 160,705 | ||||||
CSX Corp. | 6,342 | 575,536 | ||||||
Expeditors International of Washington, Inc. | 2,479 | 235,778 | ||||||
FedEx Corp. | 1,297 | 336,727 | ||||||
JB Hunt Transport Services, Inc. | 1,321 | 180,515 | ||||||
Norfolk Southern Corp. | 2,809 | 667,446 | ||||||
Old Dominion Freight Line, Inc. | 17 | 3,318 | ||||||
United Parcel Service, Inc., Class B | 743 | 125,121 | ||||||
|
| |||||||
2,285,146 | ||||||||
|
| |||||||
Utilities — 0.2% | ||||||||
NRG Energy, Inc. | 3,640 | 136,682 | ||||||
|
| |||||||
TOTAL COMMON STOCKS |
| 82,780,159 | ||||||
|
| |||||||
OTHER ASSETS IN EXCESS OF |
| 474,452 | ||||||
|
| |||||||
NET ASSETS - 100.0% | $ | 83,254,611 | ||||||
|
|
* | Non-income producing. |
PLC Public Limited Company
REIT Real Estate Investment Trust
All financial instruments listed in the Portfolio of Investments are considered Level 1, measured at fair value on a recurring basis based on quoted prices for identical assets in active markets as of and for the period ended December 31, 2020.
For additional information about significant accounting policies, Including valuation of investments, refer to the Fund’s most recent annual or semi-annual report
4