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0001104659-13-047975.txt : 20130610 0001104659-13-047975.hdr.sgml : 20130610 20130610114744 ACCESSION NUMBER: 0001104659-13-047975 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20130610 DATE AS OF CHANGE: 20130610 EFFECTIVENESS DATE: 20130610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FundVantage Trust CENTRAL INDEX KEY: 0001388485 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-141120 FILM NUMBER: 13902627 BUSINESS ADDRESS: BUSINESS PHONE: 3027911906 MAIL ADDRESS: STREET 1: 301 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809

0001388485 S000038174 Gotham Absolute Return Fund

C000117741 Institutional Class

497 1 a13-12842_8497.htm 497

3000 Two Logan Square

Eighteenth and Arch Streets

Philadelphia, PA 19103-2799

215.981.4000

Fax 215.981.4750

John P. Falco

direct dial: 215.981.4659

falcoj@pepperlaw.com

June 10, 2013

VIA EDGAR

Filing Desk

U.S. Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

Re: FundVantage Trust

File Nos. 333-141120 and 811-22027

Ladies and Gentlemen:

On behalf of FundVantage Trust (the “Trust”), and pursuant to Rule 497(e) under the Securities Act of 1933, as amended, attached for filing are exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information in the supplement filed with the Securities and Exchange Commission on May 22, 2013 to the prospectus dated September 1, 2012, for Institutional Class shares of the Gotham Absolute Return Fund (the “Fund”), a series of the Trust. The 497(e) is being filed for the sole purpose of submitting the exhibits containing interactive data format risk/return summary information for the Fund.

If you have any questions, please contact the undersigned at 215.981.4659.

	Very truly yours,

	/s/ John P. Falco

	John P. Falco

cc: Mr. Joel L. Weiss

Philadelphia

Boston

Washington, D.C.

Detroit

New York

Pittsburgh

Berwyn

Harrisburg

Orange County

Princeton

Wilmington

www.pepperlaw.com

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Change in Redemption Fee and Redemption Fee Holding Period Effective as of July 1, 2013, the Fund’s redemption fee will be reduced from 2.00% to 1.00% of the total amount redeemed (calculated at net asset value (“NAV”)), and the holding period for the assessment of the redemption fee will be reduced from 365 days to 90 days.  Accordingly, effective July 1, 2013, the Prospectus for the Fund is revised to replace all references to the existing redemption fee with a redemption fee of 1.00% (as a percentage of amount redeemed within 90 days of purchase or exchange). In addition, the redemption fee will not apply to redemptions by certain funds of funds and comprehensive fee programs, such as wrap fee accounts and automated rebalancing or asset allocation programs offered by financial intermediaries.  The Fund reserves the right to reject any purchase request (including exchange purchases from another fund) that is deemed to be disruptive to efficient portfolio management. 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Label	Element	Value
Gotham Absolute Return Fund
Risk/Return:	rr_RiskReturnAbstract
Supplement [Text Block]	ck0001388485_SupplementTextBlock	FUNDVANTAGE TRUST (THE “TRUST”) GOTHAM ABSOLUTE RETURN FUND (THE “FUND”) Supplement dated May 22, 2013 to the Prospectus for the Fund dated September 1, 2012 The information in this Supplement contains new and additional information beyond that in the Prospectus and should be read in conjunction with the Prospectus.
Risk/Return [Heading]	rr_RiskReturnHeading	Gotham Absolute Return Fund
Expense [Heading]	rr_ExpenseHeading	Change in Redemption Fee and Redemption Fee Holding Period
Expense Narrative [Text Block]	rr_ExpenseNarrativeTextBlock	Effective as of July 1, 2013, the Fund’s redemption fee will be reduced from 2.00% to 1.00% of the total amount redeemed (calculated at net asset value (“NAV”)), and the holding period for the assessment of the redemption fee will be reduced from 365 days to 90 days. Accordingly, effective July 1, 2013, the Prospectus for the Fund is revised to replace all references to the existing redemption fee with a redemption fee of 1.00% (as a percentage of amount redeemed within 90 days of purchase or exchange). In addition, the redemption fee will not apply to redemptions by certain funds of funds and comprehensive fee programs, such as wrap fee accounts and automated rebalancing or asset allocation programs offered by financial intermediaries. The Fund reserves the right to reject any purchase request (including exchange purchases from another fund) that is deemed to be disruptive to efficient portfolio management. INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

- Definition

Risk/Return Summary Fee Table Includes the following information, in plain English under rule 421(d) under the Securities Act, after Item 2 Fees and expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Shareholder Fees (fees paid directly from your investment) Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be You would pay the following expenses if you did not redeem your shares The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher. Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was __% of the average value of its whole portfolio. Instructions. A.3.instructions.6 New Funds. For purposes of this Item, a "New Fund" is a Fund that does not include in Form N-1A financial statements reporting operating results or that includes financial statements for the Fund's initial fiscal year reporting operating results for a period of 6 months or less. The following Instructions apply to New Funds.

+ References+ Details

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Gotham Absolute Return Fund
Gotham Absolute Return Fund
FUNDVANTAGE TRUST (THE “TRUST”) GOTHAM ABSOLUTE RETURN FUND (THE “FUND”) Supplement dated May 22, 2013 to the Prospectus for the Fund dated September 1, 2012 The information in this Supplement contains new and additional information beyond that in the Prospectus and should be read in conjunction with the Prospectus.
Change in Redemption Fee and Redemption Fee Holding Period
Effective as of July 1, 2013, the Fund’s redemption fee will be reduced from 2.00% to 1.00% of the total amount redeemed (calculated at net asset value (“NAV”)), and the holding period for the assessment of the redemption fee will be reduced from 365 days to 90 days. Accordingly, effective July 1, 2013, the Prospectus for the Fund is revised to replace all references to the existing redemption fee with a redemption fee of 1.00% (as a percentage of amount redeemed within 90 days of purchase or exchange). In addition, the redemption fee will not apply to redemptions by certain funds of funds and comprehensive fee programs, such as wrap fee accounts and automated rebalancing or asset allocation programs offered by financial intermediaries. The Fund reserves the right to reject any purchase request (including exchange purchases from another fund) that is deemed to be disruptive to efficient portfolio management. INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

- Definition

+ References+ Details

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Document and Entity Information	0 Months Ended
Document and Entity Information	May 22, 2013
Risk/Return:
Document Type	497
Document Period End Date	May 22, 2013
Registrant Name	FundVantage Trust
Central Index Key	0001388485
Amendment Flag	false
Document Creation Date	May 22, 2013
Document Effective Date	May 22, 2013
Prospectus Date	Sep. 01, 2012