GOTHAM INDEX PLUS FUND

Portfolio of Investments

June 30, 2020

(Unaudited)

	Number of Shares		Value
COMMON STOCKS — 96.4%
Automobiles & Components — 0.5%
Aptiv PLC (Jersey)		8,323	$	648,528
BorgWarner, Inc.		17,045		601,688
Ford Motor Co.		47,919		291,348
General Motors Co.		10,330		261,349
				1,802,913
Banks — 3.1%
Bank of America Corp.		41,350		982,062
Citigroup, Inc.		5,792		295,971
Fifth Third Bancorp.		78,547		1,514,386
First Republic Bank		611		64,760
JPMorgan Chase & Co.(a)		36,149		3,400,175
People’s United Financial, Inc.		4,531		52,424
PNC Financial Services Group, Inc. (The)(a)		15,047		1,583,095
Truist Financial Corp.(a)		27,767		1,042,651
US Bancorp(a)		43,130		1,588,047
Wells Fargo & Co.		60,356		1,545,114
				12,068,685
Capital Goods — 9.9%
3M Co.		6,893		1,075,239
Allegion PLC (Ireland)		33		3,373
AMETEK, Inc.		12,399		1,108,099
Carrier Global Corp.(a)		26,743		594,229
Caterpillar, Inc.		6,493		821,364
Cummins, Inc.		5,882		1,019,115
Dover Corp.		14,086		1,360,144
Eaton Corp. PLC (Ireland)		9,887		864,915
Emerson Electric Co.		28,255		1,752,658
Flowserve Corp.(a)		88,565		2,525,874
Fortive Corp.		5,156		348,855
Fortune Brands Home & Security, Inc.		7,063		451,538
General Dynamics Corp.(a)		12,833		1,918,020
Honeywell International, Inc.(a)		13,934		2,014,717
Howmet Aerospace, Inc.(a)		152,064		2,410,214
Illinois Tool Works, Inc.		3,336		583,300
Johnson Controls International PLC (Ireland)		25,040		854,866
Lockheed Martin Corp.(a)		8,712		3,179,183
Masco Corp.(a)		35,404		1,777,635
Northrop Grumman Corp.		1,248		383,685
Otis Worldwide Corp.(a)		12,000		682,320
Pentair PLC (Ireland)		21,209		805,730
Quanta Services, Inc.(a)		61,103		2,397,071

	Number of Shares		Value
COMMON STOCKS — (Continued)
Capital Goods — (Continued)
Raytheon Technologies Corp.(a)		30,215	$	1,861,848
Roper Technologies, Inc.		760		295,078
Snap-on, Inc.		13,441		1,861,713
Stanley Black & Decker, Inc.(a)		183		25,507
Trane Technologies PLC (Ireland)		14,268		1,269,567
TransDigm Group, Inc.(a)		5,232		2,312,806
United Rentals, Inc.*		6,139		914,957
Westinghouse Air Brake Technologies Corp.		7,187		413,756
WW Grainger, Inc.		1,043		327,669
				38,215,045
Commercial & Professional Services — 1.5%
Cintas Corp.(a)		6,290		1,675,404
IHS Markit Ltd. (Bermuda)		6,938		523,819
Nielsen Holdings PLC (United Kingdom)		40,451		601,102
Republic Services, Inc.		13,262		1,088,147
Robert Half International, Inc.		6,449		340,701
Waste Management, Inc.		14,814		1,568,951
				5,798,124
Consumer Durables & Apparel — 2.3%
DR Horton, Inc.		3,166		175,555
Garmin Ltd. (Switzerland)		2,120		206,700
Hanesbrands, Inc.		46,399		523,845
Leggett & Platt, Inc.		9,484		333,363
Lennar Corp., Class A		1,733		106,787
Mohawk Industries, Inc.*		6,311		642,207
Newell Brands, Inc.		26,335		418,200
NIKE, Inc., Class B		7,267		712,529
PulteGroup, Inc.		37,152		1,264,283
PVH Corp.		34,322		1,649,172
Ralph Lauren Corp.		7,423		538,316
Tapestry, Inc.		75,659		1,004,752
VF Corp.		11,427		696,361
Whirlpool Corp.		4,415		571,875
				8,843,945
Consumer Services — 2.2%
Carnival Corp. (Panama)		12,567		206,350
H&R Block, Inc.		2,440		34,843
Hilton Worldwide Holdings, Inc.		5,126		376,505
Marriott International, Inc., Class A		4,491		385,013
McDonald’s Corp.(a)		15,190		2,802,099

1

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

	Number of Shares		Value
COMMON STOCKS — (Continued)
Consumer Services — (Continued)
MGM Resorts International		94,563	$	1,588,658
Starbucks Corp.		7,380		543,094
Yum! Brands, Inc.(a)		27,530		2,392,632
				8,329,194
Diversified Financials — 3.5%
American Express Co.(a)		4,394		418,309
Berkshire Hathaway, Inc., Class B*		685		122,279
BlackRock, Inc.		241		131,126
Discover Financial Services(a)		37,434		1,875,069
Franklin Resources, Inc.		93,701		1,964,910
Goldman Sachs Group, Inc. (The)(a)		9,340		1,845,771
Intercontinental Exchange, Inc.(a)		9,234		845,834
Invesco Ltd. (Bermuda)		204,457		2,199,957
MSCI, Inc.		1		334
Nasdaq, Inc.		7,451		890,171
Raymond James Financial, Inc.		1,579		108,683
S&P Global, Inc.(a)		7,545		2,485,927
T Rowe Price Group, Inc.		4,502		555,997
				13,444,367
Energy — 6.9%
Apache Corp.(a)		236,211		3,188,848
Chevron Corp.(a)		60,923		5,436,159
Concho Resources, Inc.(a)		35,427		1,824,490
ConocoPhillips(a)		72,462		3,044,853
Devon Energy Corp.		101,981		1,156,465
EOG Resources, Inc.(a)		30,687		1,554,603
Exxon Mobil Corp.(a)		56,584		2,530,436
Halliburton Co.		88,703		1,151,365
HollyFrontier Corp.		19,934		582,073
Kinder Morgan, Inc.(a)		204,454		3,101,567
Marathon Petroleum Corp.		3,765		140,736
National Oilwell Varco, Inc.		14,949		183,125
Phillips 66		17,795		1,279,460
TechnipFMC PLC (United Kingdom)		179,913		1,230,605
Valero Energy Corp.		851		50,056
				26,454,841
Food & Staples Retailing — 1.2%
Kroger Co. (The)		4,883		165,290
Sysco Corp.		12,761		697,516
Walgreens Boots Alliance, Inc.		9,174		388,886
Walmart, Inc.(a)		29,125		3,488,592
				4,740,284

	Number of Shares		Value
COMMON STOCKS — (Continued)
Food, Beverage & Tobacco — 4.5%
Altria Group, Inc.(a)		50,270	$	1,973,098
Archer-Daniels-Midland Co.		6,891		274,951
Campbell Soup Co.(a)		25,172		1,249,286
Coca-Cola Co. (The)(a)		91,751		4,099,435
Constellation Brands, Inc., Class A		8,553		1,496,347
General Mills, Inc.		18,871		1,163,397
Hershey Co. (The)(a)		15,117		1,959,466
JM Smucker Co. (The)		9,051		957,686
Kraft Heinz Co. (The)		35,611		1,135,635
Molson Coors Beverage Co., Class B		3,384		116,274
Mondelez International, Inc., Class A(a)		26,832		1,371,920
PepsiCo, Inc.		1,112		147,073
Philip Morris International, Inc.		8,531		597,682
Tyson Foods, Inc., Class A(a)		10,939		653,168
				17,195,418
Health Care Equipment & Services — 5.2%
Abbott Laboratories		12,898		1,179,264
Anthem, Inc.(a)		7,328		1,927,117
Baxter International, Inc.		5,623		484,140
Cardinal Health, Inc.		16,231		847,096
Cerner Corp.		1,421		97,410
CVS Health Corp.(a)		12,838		834,085
Danaher Corp.		1,631		288,410
DaVita, Inc.*		2,465		195,080
Henry Schein, Inc.(a)*		12,029		702,373
Hologic, Inc.*		18,089		1,031,073
Humana, Inc.		677		262,507
McKesson Corp.		2,253		345,655
Medtronic PLC (Ireland)		58,869		5,398,287
Quest Diagnostics, Inc.		3,711		422,906
STERIS PLC (Ireland)		5,081		779,629
Stryker Corp.		6,389		1,151,234
UnitedHealth Group, Inc.(a)		3,997		1,178,915
Universal Health Services, Inc., Class B		15,318		1,422,889
West Pharmaceutical Services, Inc.		3,022		686,508
Zimmer Biomet Holdings, Inc.		6,917		825,613
				20,060,191
Household & Personal Products — 2.3%
Colgate-Palmolive Co.		19,412		1,422,123
Estee Lauder Cos., Inc. (The), Class A		3,797		716,418
Kimberly-Clark Corp.		8,496		1,200,910

2

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

	Number of Shares		Value
COMMON STOCKS — (Continued)
Household & Personal Products — (Continued)
Procter & Gamble Co. (The)(a)		44,768	$	5,352,910
				8,692,361
Insurance — 3.2%
Aflac, Inc.		37,305		1,344,099
Allstate Corp. (The)		4,272		414,341
Aon PLC, Class A (Ireland)		6,152		1,184,875
Assurant, Inc.		3,509		362,445
Chubb Ltd. (Switzerland)		5,537		701,095
Cincinnati Financial Corp.(a)		23,417		1,499,391
Everest Re Group Ltd. (Bermuda)		940		193,828
Globe Life, Inc.		8,313		617,074
Hartford Financial Services Group, Inc. (The)		22,257		858,007
Loews Corp.		16,713		573,089
Marsh & McLennan Cos., Inc.(a)		3,189		342,403
MetLife, Inc.		27,151		991,555
Prudential Financial, Inc.		15,210		926,289
Travelers Cos., Inc. (The)		9,790		1,116,550
Willis Towers Watson PLC (Ireland)		3,374		664,509
WR Berkley Corp.		8,758		501,746
				12,291,296
Materials — 5.1%
Amcor PLC (Jersey)		56,132		573,108
Avery Dennison Corp.(a)		996		113,634
Celanese Corp.		21,631		1,867,620
CF Industries Holdings, Inc.(a)		101,840		2,865,778
Corteva, Inc.(a)		10,851		290,698
Dow, Inc.		9,733		396,717
DuPont de Nemours, Inc.(a)		54,046		2,871,464
Eastman Chemical Co.		7,159		498,553
Ecolab, Inc.		4,492		893,683
FMC Corp.		7,164		713,678
International Paper Co.		24,052		846,871
Linde PLC (Ireland)		12,630		2,678,949
LyondellBasell Industries NV, Class A (Netherlands)		12,082		794,029
Martin Marietta Materials, Inc.		1,480		305,724
PPG Industries, Inc.(a)		19,174		2,033,594
Sealed Air Corp.		53,977		1,773,144
				19,517,244
Media & Entertainment — 5.6%
Activision Blizzard, Inc.		5,701		432,706

	Number of Shares		Value
COMMON STOCKS — (Continued)
Media & Entertainment — (Continued)
Alphabet, Inc., Class A(a)*		3,149	$	4,465,439
Comcast Corp., Class A(a)		31,874		1,242,449
Discovery, Inc., Class A*		22,230		469,053
Electronic Arts, Inc.*		4,065		536,783
Facebook, Inc., Class A(a)*		37,318		8,473,798
Fox Corp., Class A(a)		62,160		1,667,131
Interpublic Group of Cos., Inc. (The)		18,719		321,218
Netflix, Inc.*		3,139		1,428,371
News Corp., Class A		18,112		214,808
Omnicom Group, Inc.		8,441		460,879
Take-Two Interactive Software, Inc.*		838		116,960
Twitter, Inc.*		5,694		169,624
Walt Disney Co. (The)(a)		13,592		1,515,644
				21,514,863
Pharmaceuticals, Biotechnology & Life Sciences — 4.7%
AbbVie, Inc.(a)		33,540		3,292,957
Alexion Pharmaceuticals, Inc.*		2,960		332,230
Amgen, Inc.(a)		3,800		896,268
Bristol-Myers Squibb Co.(a)		42,892		2,522,050
Illumina, Inc.*		1,098		406,644
Incyte Corp.*		1,626		169,055
Johnson & Johnson		7,813		1,098,742
Merck & Co., Inc.(a)		57,514		4,447,558
PerkinElmer, Inc.		4,665		457,590
Pfizer, Inc.(a)		95,552		3,124,550
Regeneron Pharmaceuticals, Inc.*		1,100		686,015
Waters Corp.*		3,484		628,514
				18,062,173
Real Estate — 3.9%
Alexandria Real Estate Equities, Inc., REIT		2,548		413,413
American Tower Corp., REIT		3,268		844,909
Apartment Investment & Management Co., Class A, REIT		24,223		911,754
AvalonBay Communities, Inc., REIT		6,510		1,006,706
Boston Properties, Inc., REIT		12,417		1,122,248
CBRE Group, Inc., Class A*		18,116		819,206
Crown Castle International Corp., REIT		3,108		520,124
Extra Space Storage, Inc., REIT		1,593		147,145
Federal Realty Investment Trust, REIT		7,314		623,226

3

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

	Number of Shares		Value
COMMON STOCKS — (Continued)
Real Estate — (Continued)
Mid-America Apartment Communities, Inc., REIT		8,311	$	953,022
Prologis, Inc., REIT		3,439		320,962
Public Storage, REIT(a)		7,704		1,478,321
Realty Income Corp., REIT		9,932		590,954
SBA Communications Corp., REIT		822		244,890
Simon Property Group, Inc., REIT		10,235		699,869
UDR, Inc., REIT		4,393		164,210
Welltower, Inc., REIT		14,813		766,573
Weyerhaeuser Co., REIT(a)		151,198		3,395,907
				15,023,439
Retailing — 7.7%
Amazon.com, Inc.(a)*		5,076		14,003,770
AutoZone, Inc.(a)*		1,843		2,079,125
Best Buy Co., Inc.		3,741		326,477
Booking Holdings, Inc.(a)*		363		578,019
eBay, Inc.(a)		44,000		2,307,800
Gap, Inc. (The)(a)		17,826		224,964
Genuine Parts Co.		2,958		257,228
Home Depot, Inc. (The)(a)		15,327		3,839,567
Kohl’s Corp.		48,337		1,003,959
LKQ Corp.*		33,007		864,783
Lowe’s Cos., Inc.		10,205		1,378,900
O’Reilly Automotive, Inc.*		861		363,058
Tractor Supply Co.		8,369		1,102,951
Ulta Beauty, Inc.*		6,624		1,347,454
				29,678,055
Semiconductors & Semiconductor Equipment — 1.5%
Applied Materials, Inc.		19,968		1,207,066
Broadcom, Inc.		1,250		394,512
Intel Corp.(a)		12,155		727,234
KLA Corp.		1,213		235,904
Lam Research Corp.		1,106		357,747
Micron Technology, Inc.*		8,225		423,752
NVIDIA Corp.		3,631		1,379,453
Qorvo, Inc.*		1,508		166,679
Skyworks Solutions, Inc.(a)		5,539		708,217
Texas Instruments, Inc.		2,435		309,172
				5,909,736
Software & Services — 12.9%
Accenture PLC, Class A (Ireland)		4,706		1,010,472
Adobe, Inc.(a)*		4,724		2,056,404
ANSYS, Inc.*		628		183,206

	Number of Shares		Value
COMMON STOCKS — (Continued)
Software & Services — (Continued)
Autodesk, Inc.*		3,116	$	745,316
Automatic Data Processing, Inc.(a)		18,699		2,784,094
Cadence Design Systems, Inc.*		2,053		197,006
Citrix Systems, Inc.(a)		10,733		1,587,518
Cognizant Technology Solutions Corp., Class A		1,137		64,604
FleetCor Technologies, Inc.(a)*		1,044		262,597
International Business Machines Corp.(a)		17,032		2,056,955
Leidos Holdings, Inc.		1,973		184,811
Mastercard, Inc., Class A(a)		10,565		3,124,070
Microsoft Corp.(a)		92,969		18,920,121
NortonLifeLock, Inc.(a)		56,929		1,128,902
Oracle Corp.(a)		48,622		2,687,338
Paychex, Inc.(a)		37,522		2,842,292
PayPal Holdings, Inc.*		9,502		1,655,533
salesforce.com, Inc.*		8,843		1,656,559
ServiceNow, Inc.*		1,397		565,869
Synopsys, Inc.*		1,094		213,330
VeriSign, Inc.*		1,476		305,281
Visa, Inc., Class A(a)		14,025		2,709,209
Western Union Co. (The)(a)		126,605		2,737,200
				49,678,687
Technology Hardware & Equipment — 2.7%
Amphenol Corp., Class A		12,152		1,164,283
CDW Corp.		1,217		141,391
Cisco Systems, Inc.(a)		62,361		2,908,517
F5 Networks, Inc.*		4,093		570,892
FLIR Systems, Inc.		34,846		1,413,702
Hewlett Packard Enterprise Co.		22,579		219,694
HP, Inc.		49,643		865,277
Juniper Networks, Inc.		25,261		577,466
NetApp, Inc.		5,714		253,530
TE Connectivity Ltd. (Switzerland)		16,929		1,380,560
Xerox Holdings Corp.		64,122		980,425
				10,475,737
Telecommunication Services — 1.7%
AT&T, Inc.(a)		144,142		4,357,413
T-Mobile US, Inc.*		7,031		732,279
Verizon Communications, Inc.(a)		28,816		1,588,626
				6,678,318
Transportation — 2.2%
Alaska Air Group, Inc.(a)		14,256		516,923

4

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

	Number of Shares		Value
COMMON STOCKS — (Continued)
Transportation — (Continued)
CH Robinson Worldwide, Inc.		5,542	$	438,151
CSX Corp.		17,237		1,202,108
Expeditors International of Washington, Inc.(a)		28,254		2,148,434
JB Hunt Transport Services, Inc.		858		103,252
Norfolk Southern Corp.		7,921		1,390,690
Southwest Airlines Co.(a)		82,704		2,826,823
				8,626,381
Utilities — 2.1%
AES Corp. (The)		723		10,476
Dominion Energy, Inc.(a)		30,454		2,472,256
Duke Energy Corp.		2,183		174,400
Evergy, Inc.(a)		13,833		820,159
NextEra Energy, Inc		456		109,518
NRG Energy, Inc.(a)		85,191		2,773,819
Public Service Enterprise Group, Inc.		18,524		910,640
Sempra Energy		4,235		496,469
Southern Co. (The)		9,424		488,634
				8,256,371
TOTAL COMMON STOCKS (Cost $326,019,172)				371,357,668
OTHER ASSETS IN EXCESS OF LIABILITIES - 3.6%				13,928,096
NET ASSETS - 100.0%			$	385,285,764

^(a)  Security position is either entirely or partially designated as collateral for total return swaps.

* Non-income producing.

PLC Public Limited Company

REIT Real Estate Investment Trust

5

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Over-the-counter total return swaps outstanding as of June 30, 2020.

The Fund maintains a portfolio of long and short positions and receives/pays a rebate based upon the Fed Funds 1-Day Rate less a specified spread as negotiated by the parties. The notional gain or loss, dividends payable and rebates are payable the earlier of maturity of the swaps or upon termination. The portfolio matures on July 29, 2024, however underlying individual contracts are entered into and closed (terminated) on a daily basis. The cash amounts payable/receivable due to individual contracts being closed are settled, on a net basis, once a week. The value of total return swaps represents 2.9% of net assets.

The following table represents the individual long and short positions and related values of total return swaps as of June 30, 2020:

Total Return Swaps

Reference Entity	Counterparty		Number of Contracts Long/(Short)		Notional Amount		Value		Unrealized Appreciation/ (Depreciation)*
Long
Automobiles & Components
Aptiv PLC (Jersey)		Morgan Stanley		460	$	35,704	$	35,843	$	303
BorgWarner, Inc.		Morgan Stanley		14,781		429,183		521,769		98,636
Ford Motor Co.		Morgan Stanley		19,076		91,439		115,982		24,497
General Motors Co.		Morgan Stanley		9,314		267,951		235,644		(31,512	)
				43,631		824,277		909,238		91,924
Banks
Bank of America Corp.		Morgan Stanley		36,822		778,528		874,523		105,095
Citigroup, Inc.		Morgan Stanley		4,851		186,132		247,886		64,304
Fifth Third Bancorp		Morgan Stanley		63,200		1,464,168		1,218,496		(224,404	)
First Republic Bank		Morgan Stanley		624		48,447		66,138		18,020
JPMorgan Chase & Co.		Morgan Stanley		2,909		257,273		273,621		18,769
People’s United Financial, Inc.		Morgan Stanley		4,232		45,850		48,964		3,335
PNC Financial Services Group, Inc. (The)		Morgan Stanley		7,953		783,675		836,735		64,728
Truist Financial Corp.		Morgan Stanley		25,952		800,708		974,498		189,415
US Bancorp		Morgan Stanley		18,981		666,235		698,880		45,253
Wells Fargo & Co.		Morgan Stanley		61,593		1,674,120		1,576,781		(78,865	)
				227,117		6,705,136		6,816,522		205,650
Capital Goods
3M Co.		Morgan Stanley		12,244		1,807,496		1,909,942		141,158
Allegion PLC (Ireland)		Morgan Stanley		34		2,761		3,475		787
AMETEK, Inc.		Morgan Stanley		7,462		496,749		666,879		172,986
Carrier Global Corp.		Morgan Stanley		4,103		49,618		91,169		42,086
Caterpillar, Inc.		Morgan Stanley		536		54,434		67,804		14,144
Cummins, Inc.		Morgan Stanley		14,162		2,027,038		2,453,708		493,581
Dover Corp.		Morgan Stanley		20,388		1,866,454		1,968,665		124,540
Eaton Corp. PLC (Ireland)		Morgan Stanley		9,681		668,194		846,894		193,445
Emerson Electric Co.		Morgan Stanley		21,811		1,097,033		1,352,936		271,638
Flowserve Corp.		Morgan Stanley		79,776		1,934,732		2,275,212		370,479
Fortive Corp.		Morgan Stanley		4,252		184,145		287,690		104,496
Fortune Brands Home & Security, Inc.		Morgan Stanley		7,205		277,637		460,616		185,624
General Dynamics Corp.		Morgan Stanley		12,270		1,631,476		1,833,874		217,588
Honeywell International, Inc.		Morgan Stanley		18,624		2,610,376		2,692,844		111,988
Howmet Aerospace, Inc.		Morgan Stanley		137,413		2,092,372		2,177,996		24,600
Illinois Tool Works, Inc.		Morgan Stanley		2,869		474,597		501,645		30,845

6

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Total Return Swaps (continued)

Reference Entity	Counterparty		Number of Contracts Long/(Short)		Notional Amount		Value		Unrealized Appreciation/ (Depreciation)*
Capital Goods — (continued)
Johnson Controls International PLC (Ireland)		Morgan Stanley		27,012	$	957,389	$	922,190	$	(25,984	)
Lockheed Martin Corp.		Morgan Stanley		3,961		1,477,584		1,445,448		(19,491	)
Masco Corp.		Morgan Stanley		32,548		1,301,470		1,634,235		339,344
Northrop Grumman Corp.		Morgan Stanley		1,120		379,566		344,333		(34,067	)
Otis Worldwide Corp.		Morgan Stanley		10,320		476,130		586,795		114,036
Pentair PLC (Ireland)		Morgan Stanley		21,641		556,828		822,142		271,209
Quanta Services, Inc.		Morgan Stanley		55,270		1,826,063		2,168,242		352,985
Raytheon Technologies Corp.		Morgan Stanley		30,312		1,592,296		1,867,825		294,344
Roper Technologies, Inc.		Morgan Stanley		720		278,503		279,547		1,963
Snap-on, Inc.		Morgan Stanley		13,718		1,588,217		1,900,080		331,906
Stanley Black & Decker, Inc.		Morgan Stanley		100		7,486		13,938		6,597
Trane Technologies PLC (Ireland)		Morgan Stanley		6,050		486,140		538,329		56,663
TransDigm Group, Inc.		Morgan Stanley		5,332		1,635,554		2,357,011		726,593
United Rentals, Inc.		Morgan Stanley		17,496		1,838,786		2,607,604		774,586
Westinghouse Air Brake Technologies Corp.		Morgan Stanley		7,112		435,804		409,438		(24,959	)
WW Grainger, Inc.		Morgan Stanley		986		242,835		309,762		84,802
				586,528		32,355,763		37,798,268		5,750,512
Commercial & Professional Services
Cintas Corp.		Morgan Stanley		4,463		869,782		1,188,765		321,739
IHS Markit Ltd. (Bermuda)		Morgan Stanley		6,704		444,303		506,152		65,794
Nielsen Holdings PLC (United Kingdom).		Morgan Stanley		38,946		494,898		578,738		87,760
Republic Services, Inc.		Morgan Stanley		13,460		1,109,356		1,104,393		7,439
Robert Half International, Inc.		Morgan Stanley		8,411		387,663		444,353		62,048
Waste Management, Inc.		Morgan Stanley		11,282		1,157,667		1,194,877		44,830
				83,266		4,463,669		5,017,278		589,610
Consumer Durables & Apparel
DR Horton, Inc.		Morgan Stanley		3,413		95,460		189,251		94,737
Garmin Ltd. (Switzerland)		Morgan Stanley		2,138		153,875		208,455		56,654
Hanesbrands, Inc.		Morgan Stanley		41,465		429,800		468,140		40,269
Leggett & Platt, Inc.		Morgan Stanley		9,138		249,833		321,201		76,448
Lennar Corp., Class A		Morgan Stanley		2,649		126,914		163,231		37,516
Mohawk Industries, Inc.		Morgan Stanley		6,403		532,536		651,569		120,864
Newell Brands, Inc.		Morgan Stanley		20,497		294,773		325,492		37,112
NIKE, Inc., Class B		Morgan Stanley		6,182		558,644		606,145		51,444
PulteGroup, Inc.		Morgan Stanley		36,604		1,020,552		1,245,634		233,068
PVH Corp.		Morgan Stanley		34,243		1,613,946		1,645,376		7,025
Ralph Lauren Corp.		Morgan Stanley		7,354		524,036		533,312		11,150
Tapestry, Inc.		Morgan Stanley		76,844		1,009,608		1,020,488		14,071
VF Corp.		Morgan Stanley		7,749		423,987		472,224		59,922
Whirlpool Corp.		Morgan Stanley		5,320		525,912		689,100		173,334
				259,999		7,559,876		8,539,618		1,013,614
Consumer Services
Carnival Corp. (Panama)		Morgan Stanley		8,382		111,763		137,632		26,270

7

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Total Return Swaps (continued)

Reference Entity	Counterparty		Number of Contracts Long/(Short)		Notional Amount		Value		Unrealized Appreciation/ (Depreciation)*
Consumer Services — (continued)
H&R Block, Inc.		Morgan Stanley		260	$	4,301	$	3,713	$	(462	)
Hilton Worldwide Holdings, Inc.		Morgan Stanley		2,133		164,758		156,669		(11,325	)
Marriott International, Inc., Class A		Morgan Stanley		4,305		406,628		369,068		(36,244	)
McDonald’s Corp.		Morgan Stanley		13,779		2,495,774		2,541,812		73,634
MGM Resorts International		Morgan Stanley		92,692		900,261		1,557,226		660,009
Starbucks Corp.		Morgan Stanley		6,410		486,908		471,712		(14,342	)
Yum! Brands, Inc.		Morgan Stanley		21,432		1,823,736		1,862,655		57,488
				149,393		6,394,129		7,100,487		755,028
Diversified Financials
American Express Co.		Morgan Stanley		1,900		145,842		180,880		35,777
Berkshire Hathaway, Inc., Class B		Morgan Stanley		36,352		7,166,053		6,489,196		(654,530	)
BlackRock, Inc.		Morgan Stanley		8,640		3,581,167		4,700,938		1,247,064
Discover Financial Services		Morgan Stanley		29,298		1,125,164		1,467,537		357,546
Franklin Resources, Inc.		Morgan Stanley		66,523		1,356,195		1,394,987		57,134
Goldman Sachs Group, Inc. (The)		Morgan Stanley		7,504		1,271,110		1,482,940		223,292
Intercontinental Exchange, Inc.		Morgan Stanley		7,861		620,006		720,068		104,556
Invesco Ltd. (Bermuda)		Morgan Stanley		204,496		1,817,077		2,200,377		417,126
MSCI, Inc.		Morgan Stanley		1		209		334		181
Nasdaq, Inc.		Morgan Stanley		22,158		2,190,109		2,647,216		496,051
Raymond James Financial, Inc.		Morgan Stanley		1,117		68,962		76,883		8,716
S&P Global, Inc.		Morgan Stanley		2,254		682,108		742,648		63,291
T Rowe Price Group, Inc.		Morgan Stanley		21,924		2,294,882		2,707,614		482,668
				410,028		22,318,884		24,811,618		2,838,872
Energy
Apache Corp.		Morgan Stanley		176,013		1,025,566		2,376,176		1,358,000
ChampionX Corp.		Morgan Stanley		2,318		19,168		22,624		3,568
Chevron Corp.		Morgan Stanley		9,094		616,548		811,458		205,910
Concho Resources, Inc.		Morgan Stanley		35,142		1,828,351		1,809,813		(6,726	)
ConocoPhillips		Morgan Stanley		84,627		3,182,873		3,556,027		426,099
Devon Energy Corp.		Morgan Stanley		59,205		756,390		671,385		(80,138	)
EOG Resources, Inc.		Morgan Stanley		22,819		760,794		1,156,011		406,191
Exxon Mobil Corp.		Morgan Stanley		48,652		2,172,167		2,175,717		30,653
Halliburton Co.		Morgan Stanley		83,428		719,072		1,082,895		369,735
HollyFrontier Corp.		Morgan Stanley		26,466		764,371		772,807		19,634
Kinder Morgan, Inc.		Morgan Stanley		194,735		3,570,451		2,954,130		(554,175	)
Marathon Petroleum Corp.		Morgan Stanley		3,834		67,575		143,315		78,226
National Oilwell Varco, Inc.		Morgan Stanley		14,008		149,013		171,598		23,092
Phillips 66.		Morgan Stanley		17,795		1,166,573		1,279,460		129,756
TechnipFMC PLC (United Kingdom)		Morgan Stanley		174,632		1,738,641		1,194,483		(520,991	)
Valero Energy Corp.		Morgan Stanley		865		28,824		50,879		23,046
				953,633		18,566,377		20,228,778		1,911,880
Food & Staples Retailing
Kroger Co. (The)		Morgan Stanley		25,474		592,682		862,295		284,756
Sysco Corp.		Morgan Stanley		13,012		500,757		711,236		215,319
Walgreens Boots Alliance, Inc.		Morgan Stanley		8,700		357,107		368,793		16,555

8

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Total Return Swaps (continued)

Reference Entity	Counterparty		Number of Contracts Long/(Short)		Notional Amount		Value		Unrealized Appreciation/ (Depreciation)*
Food & Staples Retailing — (continued)
Walmart, Inc.		Morgan Stanley		31,288	$	3,383,220	$	3,747,677	$	416,008
				78,474		4,833,766		5,690,001		932,638
Food, Beverage & Tobacco
Altria Group, Inc.		Morgan Stanley		16,705		635,746		655,671		42,703
Archer-Daniels-Midland Co.		Morgan Stanley		21,503		887,173		857,970		(7,314	)
Campbell Soup Co.		Morgan Stanley		28,333		1,332,608		1,406,167		89,845
Coca-Cola Co. (The)		Morgan Stanley		19,899		901,709		889,087		(2,767	)
Constellation Brands, Inc., Class A		Morgan Stanley		8,591		1,126,091		1,502,995		385,921
General Mills, Inc.		Morgan Stanley		17,074		993,683		1,052,612		63,309
Hershey Co. (The)		Morgan Stanley		4,156		545,873		538,701		(3,418	)
JM Smucker Co. (The)		Morgan Stanley		8,924		989,050		944,248		(35,371	)
Kraft Heinz Co. (The)		Morgan Stanley		34,202		1,096,175		1,090,702		(593	)
Molson Coors Beverage Co., Class B		Morgan Stanley		2,932		107,911		100,744		(7,260	)
Mondelez International, Inc., Class A		Morgan Stanley		12,610		607,600		644,749		44,152
PepsiCo, Inc.		Morgan Stanley		22,931		2,836,714		3,032,854		290,903
Philip Morris International, Inc.		Morgan Stanley		8,065		541,566		565,034		35,593
Tyson Foods, Inc., Class A		Morgan Stanley		10,730		509,466		640,688		136,953
				216,655		13,111,365		13,922,222		1,032,656
Health Care Equipment & Services
Abbott Laboratories		Morgan Stanley		16,568		1,251,368		1,514,812		273,081
Anthem, Inc.		Morgan Stanley		4,551		976,670		1,196,822		227,488
Baxter International, Inc.		Morgan Stanley		564		48,137		48,560		625
Cardinal Health, Inc.		Morgan Stanley		5,042		274,183		263,142		(7,686	)
Cerner Corp.		Morgan Stanley		873		57,494		59,844		2,698
CVS Health Corp.		Morgan Stanley		23,135		1,307,998		1,503,081		220,977
Danaher Corp.		Morgan Stanley		8,224		1,146,769		1,454,250		316,511
DaVita, Inc.		Morgan Stanley		28,507		1,706,958		2,256,044		554,444
Henry Schein, Inc.		Morgan Stanley		11,466		598,052		669,500		73,360
Hologic, Inc.		Morgan Stanley		13,343		699,876		760,551		63,322
Humana, Inc.		Morgan Stanley		671		258,574		260,180		2,882
McKesson Corp.		Morgan Stanley		1,229		189,694		188,553		(308	)
Medtronic PLC (Ireland)		Morgan Stanley		23,285		2,334,605		2,135,235		(184,078	)
Quest Diagnostics, Inc.		Morgan Stanley		3,188		246,289		363,304		119,447
STERIS PLC (Ireland)		Morgan Stanley		5,127		801,602		786,687		(11,089	)
Stryker Corp.		Morgan Stanley		6,452		1,205,166		1,162,586		(35,071	)
UnitedHealth Group, Inc.		Morgan Stanley		10,843		2,412,290		3,198,143		824,080
Universal Health Services, Inc., Class B .		Morgan Stanley		13,300		1,298,611		1,235,437		(59,030	)
West Pharmaceutical Services, Inc.		Morgan Stanley		3,078		643,980		699,229		57,304
Zimmer Biomet Holdings, Inc.		Morgan Stanley		6,978		860,918		832,894		(24,910	)
				186,424		18,319,234		20,588,854		2,414,047
Household & Personal Products
Colgate-Palmolive Co.		Morgan Stanley		17,456		1,171,340		1,278,827		127,760
Estee Lauder Cos., Inc. (The), Class A		Morgan Stanley		2,191		353,457		413,398		61,092
Kimberly-Clark Corp.		Morgan Stanley		8,386		1,160,384		1,185,361		37,275

9

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Total Return Swaps (continued)

Reference Entity	Counterparty	Number of Contracts Long/(Short)		Notional Amount		Value		Unrealized Appreciation/ (Depreciation)*
Household & Personal Products — (continued)
Procter & Gamble Co. (The)	Morgan Stanley		3,671	$	397,636	$	438,941	$	44,707
			31,704		3,082,817		3,316,527		270,834
Insurance
Aflac, Inc.	Morgan Stanley		27,763		1,244,680		1,000,301		(227,993	)
Allstate Corp. (The)	Morgan Stanley		233		22,695		22,599		54
Aon PLC, Class A (Ireland)	Morgan Stanley		3,230		555,751		622,098		68,716
Assurant, Inc.	Morgan Stanley		7,311		827,572		755,153		(54,753	)
Chubb Ltd. (Switzerland)	Morgan Stanley		4,129		415,581		522,814		113,026
Cincinnati Financial Corp.	Morgan Stanley		11,310		616,184		724,179		116,749
Everest Re Group Ltd. (Bermuda)	Morgan Stanley		1,002		168,008		206,612		40,706
Globe Life, Inc.	Morgan Stanley		13,707		1,271,910		1,017,471		(247,286	)
Hartford Financial Services Group, Inc. (The)	Morgan Stanley		10,547		367,745		406,587		43,268
Loews Corp.	Morgan Stanley		11,255		370,109		385,934		15,101
Marsh & McLennan Cos., Inc.	Morgan Stanley		3,253		259,416		349,275		92,197
MetLife, Inc.	Morgan Stanley		24,773		770,908		904,710		147,418
Prudential Financial, Inc.	Morgan Stanley		15,428		798,216		939,565		159,757
Travelers Cos., Inc. (The)	Morgan Stanley		9,622		978,105		1,097,389		131,488
Willis Towers Watson PLC (Ireland)	Morgan Stanley		3,238		625,698		637,724		15,278
WR Berkley Corp.	Morgan Stanley		8,733		477,950		500,314		25,073
			155,534		9,770,528		10,092,725		438,799
Materials
Amcor PLC (Jersey)	Morgan Stanley		38,334		237,126		391,390		159,462
Avery Dennison Corp.	Morgan Stanley		440		42,134		50,200		8,518
Celanese Corp.	Morgan Stanley		14,719		1,168,054		1,270,838		114,252
CF Industries Holdings, Inc.	Morgan Stanley		32,955		1,014,175		927,354		(83,616	)
Corteva, Inc.	Morgan Stanley		9,214		211,324		246,843		37,040
Dow, Inc.	Morgan Stanley		6,422		236,422		261,761		28,549
DuPont de Nemours, Inc.	Morgan Stanley		49,839		1,805,916		2,647,946		862,648
Eastman Chemical Co.	Morgan Stanley		7,069		356,032		492,285		145,375
Ecolab, Inc.	Morgan Stanley		3,759		755,740		747,853		(4,704	)
FMC Corp.	Morgan Stanley		10,530		874,471		1,048,999		190,357
International Paper Co.	Morgan Stanley		42,377		1,477,377		1,492,094		64,246
Linde PLC (Ireland)	Morgan Stanley		8,004		1,369,425		1,697,728		340,321
LyondellBasell Industries NV, Class A (Netherlands)	Morgan Stanley		9,914		417,333		651,548		245,974
Martin Marietta Materials, Inc.	Morgan Stanley		1,485		239,091		306,756		69,279
PPG Industries, Inc.	Morgan Stanley		18,240		1,851,600		1,934,534		96,462
Sealed Air Corp.	Morgan Stanley		53,665		1,336,426		1,762,895		439,263
			306,966		13,392,646		15,931,024		2,713,426
Media & Entertainment
Activision Blizzard, Inc.	Morgan Stanley		5,214		366,895		395,743		30,041
Alphabet, Inc., Class A	Morgan Stanley		7,511		8,762,998		10,650,974		1,914,735
Charter Communications, Inc., Class A	Morgan Stanley		8,763		3,321,808		4,469,481		1,158,051
Comcast Corp., Class A	Morgan Stanley		23,677		828,940		922,929		109,018

10

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Total Return Swaps (continued)

Reference Entity	Counterparty		Number of Contracts Long/(Short)		Notional Amount		Value		Unrealized Appreciation/ (Depreciation)*
Media & Entertainment — (continued)
Discovery, Inc., Class A		Morgan Stanley		13,995	$	291,325	$	295,295	$	4,928
Electronic Arts, Inc.		Morgan Stanley		22		2,678		2,905		291
Facebook, Inc., Class A		Morgan Stanley		11,157		2,148,672		2,533,420		391,003
Fox Corp., Class A		Morgan Stanley		61,778		1,582,787		1,656,886		79,071
Interpublic Group of Cos., Inc. (The)		Morgan Stanley		53,498		1,066,100		918,026		(119,294	)
Netflix, Inc.		Morgan Stanley		2,994		1,265,034		1,362,390		101,341
News Corp., Class A		Morgan Stanley		16,407		195,254		194,587		(146	)
Omnicom Group, Inc.		Morgan Stanley		7,064		392,025		385,694		(1,232	)
Take-Two Interactive Software, Inc.		Morgan Stanley		771		103,059		107,608		4,922
Twitter, Inc.		Morgan Stanley		5,354		164,526		159,496		(4,483	)
Walt Disney Co. (The)		Morgan Stanley		12,478		1,179,261		1,391,422		215,879
				230,683		21,671,362		25,446,856		3,884,125
Pharmaceuticals, Biotechnology & Life Sciences
AbbVie, Inc.		Morgan Stanley		8,086		768,809		793,883		27,435
Alexion Pharmaceuticals, Inc.		Morgan Stanley		1,689		148,007		189,573		42,079
Amgen, Inc.		Morgan Stanley		6,049		1,064,801		1,426,717		402,178
Biogen, Inc.		Morgan Stanley		20,133		4,773,483		5,386,584		627,991
Bristol-Myers Squibb Co.		Morgan Stanley		45,669		2,493,525		2,685,337		215,052
Gilead Sciences, Inc.		Morgan Stanley		5,675		351,550		436,635		97,523
Illumina, Inc.		Morgan Stanley		985		361,317		364,795		4,650
Incyte Corp.		Morgan Stanley		1,466		148,992		152,420		3,943
Johnson & Johnson		Morgan Stanley		48,562		6,293,275		6,829,274		715,917
Merck & Co., Inc.		Morgan Stanley		16,509		1,192,500		1,276,641		98,011
PerkinElmer, Inc.		Morgan Stanley		4,549		325,924		446,211		121,631
Pfizer, Inc.		Morgan Stanley		94,783		3,209,997		3,099,404		(68,967	)
Regeneron Pharmaceuticals, Inc.		Morgan Stanley		691		340,214		430,942		91,844
Waters Corp.		Morgan Stanley		3,475		653,410		626,890		(24,436	)
				258,321		22,125,804		24,145,306		2,354,851
Real Estate
Alexandria Real Estate Equities, Inc., REIT		Morgan Stanley		4,004		578,979		649,649		83,876
American Tower Corp., REIT		Morgan Stanley		2,953		759,530		763,469		9,631
Apartment Investment & Management Co., Class A, REIT		Morgan Stanley		13,163		427,655		495,455		73,249
AvalonBay Communities, Inc., REIT		Morgan Stanley		3,425		493,463		529,642		44,928
Boston Properties, Inc., REIT		Morgan Stanley		6,697		573,776		605,275		39,274
CBRE Group, Inc., Class A		Morgan Stanley		8,591		345,452		388,485		44,160
Crown Castle International Corp., REIT		Morgan Stanley		2,744		463,360		459,208		643
Extra Space Storage, Inc., REIT		Morgan Stanley		1,513		126,892		139,756		16,764
Federal Realty Investment Trust, REIT		Morgan Stanley		6,713		493,482		572,015		87,097
Mid-America Apartment Communities, Inc., REIT		Morgan Stanley		4,674		557,167		535,968		(17,807	)
Prologis, Inc., REIT		Morgan Stanley		3,177		264,422		296,509		35,050
Public Storage, REIT		Morgan Stanley		5,011		959,524		961,561		17,448
Realty Income Corp., REIT		Morgan Stanley		9,740		459,086		579,530		129,322
SBA Communications Corp., REIT		Morgan Stanley		744		230,628		221,652		(8,222	)

11

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Total Return Swaps (continued)

Reference Entity	Counterparty		Number of Contracts  Long/(Short)		Notional Amount		Value		Unrealized Appreciation/ (Depreciation)*
Real Estate — (continued)
Simon Property Group, Inc., REIT		Morgan Stanley		9,652	$	525,979	$	660,004	$	129,885
UDR, Inc., REIT		Morgan Stanley		3,876		122,927		144,885		24,109
Welltower, Inc., REIT		Morgan Stanley		12,508		515,416		647,289		140,813
Weyerhaeuser Co., REIT		Morgan Stanley		154,260		2,665,893		3,464,680		807,126
				253,445		10,563,631		12,115,032		1,657,346
Retailing
Amazon.com, Inc.		Morgan Stanley		3,409		6,806,953		9,404,817		2,619,076
AutoZone, Inc.		Morgan Stanley		1,271		1,237,958		1,433,841		199,098
Best Buy Co., Inc.		Morgan Stanley		5,019		327,467		438,008		119,765
Booking Holdings, Inc.		Morgan Stanley		257		312,870		409,231		97,387
eBay, Inc.		Morgan Stanley		44,367		1,292,818		2,327,049		1,045,402
Gap, Inc. (The)		Morgan Stanley		18,062		104,735		227,942		123,586
Genuine Parts Co.		Morgan Stanley		2,726		155,386		237,053		84,357
Home Depot, Inc. (The)		Morgan Stanley		1,808		382,298		452,922		74,248
Kohl’s Corp.		Morgan Stanley		49,311		712,912		1,024,189		314,132
LKQ Corp.		Morgan Stanley		32,799		713,122		859,334		148,253
Lowe’s Cos., Inc.		Morgan Stanley		10,614		1,290,182		1,434,164		148,045
O’Reilly Automotive, Inc.		Morgan Stanley		393		136,540		165,716		30,820
Target Corp.		Morgan Stanley		81,720		6,685,367		9,800,680		3,351,887
Tractor Supply Co.		Morgan Stanley		7,906		971,659		1,041,932		73,345
Ulta Beauty, Inc.		Morgan Stanley		6,677		1,474,297		1,358,235		(115,238	)
				266,339		22,604,564		30,615,113		8,314,163
Semiconductors & Semiconductor Equipment
Applied Materials, Inc.		Morgan Stanley		12,530		497,369		757,439		264,425
Broadcom, Inc.		Morgan Stanley		221		68,805		69,750		1,930
Intel Corp.		Morgan Stanley		114,839		5,414,787		6,870,817		1,596,881
KLA Corp.		Morgan Stanley		963		161,694		187,284		26,967
Lam Research Corp.		Morgan Stanley		1,011		272,808		327,018		56,308
Micron Technology, Inc.		Morgan Stanley		7,543		353,998		388,615		35,770
NVIDIA Corp.		Morgan Stanley		2,861		780,290		1,086,923		309,465
Qorvo, Inc.		Morgan Stanley		21,667		1,548,243		2,394,854		851,476
Skyworks Solutions, Inc.		Morgan Stanley		4,633		411,470		592,375		184,897
Texas Instruments, Inc.		Morgan Stanley		1,929		210,238		244,925		36,494
				168,197		9,719,702		12,920,000		3,364,613
Software & Services
Accenture PLC, Class A (Ireland)		Morgan Stanley		2,884		486,806		619,252		135,480
Adobe, Inc.		Morgan Stanley		2,018		665,950		878,456		214,628
ANSYS, Inc.		Morgan Stanley		573		162,721		167,161		5,004
Automatic Data Processing, Inc.		Morgan Stanley		6,300		883,090		938,007		63,392
Cadence Design Systems, Inc.		Morgan Stanley		1,865		166,005		178,965		13,529
Citrix Systems, Inc.		Morgan Stanley		5,083		589,110		751,827		167,575
Cognizant Technology Solutions Corp., Class A		Morgan Stanley		6,454		395,631		366,716		(22,645	)
FleetCor Technologies, Inc.		Morgan Stanley		1,013		189,252		254,800		66,189
International Business Machines Corp.		Morgan Stanley		17,098		1,887,455		2,064,925		205,843

12

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Total Return Swaps (continued)

Reference Entity	Counterparty		Number of Contracts  Long/(Short)		Notional Amount		Value		Unrealized Appreciation/ (Depreciation)*
Software & Services — (continued)
Leidos Holdings, Inc.		Morgan Stanley		29,822	$	2,475,531	$	2,793,427	$	364,150
Mastercard, Inc., Class A		Morgan Stanley		3,661		1,039,226		1,082,558		46,753
Microsoft Corp.		Morgan Stanley		36,080		5,683,637		7,342,641		1,712,203
NortonLifeLock, Inc.		Morgan Stanley		29,075		566,546		576,557		15,459
Oracle Corp.		Morgan Stanley		42,112		1,913,972		2,327,530		429,632
Paychex, Inc.		Morgan Stanley		38,256		2,273,728		2,897,892		654,560
PayPal Holdings, Inc.		Morgan Stanley		8,780		1,325,093		1,529,739		208,913
salesforce.com, Inc.		Morgan Stanley		3,730		499,616		698,741		200,730
ServiceNow, Inc.		Morgan Stanley		1,279		489,186		518,072		30,482
Synopsys, Inc.		Morgan Stanley		1,024		181,633		199,680		18,673
VeriSign, Inc.		Morgan Stanley		1,448		305,930		299,490		(5,437	)
Visa, Inc., Class A		Morgan Stanley		17,886		3,004,971		3,455,039		476,302
Western Union Co. (The)		Morgan Stanley		39,786		845,281		860,173		26,436
				296,227		26,030,370		30,801,648		5,027,851
Technology Hardware & Equipment
Amphenol Corp., Class A		Morgan Stanley		5,667		414,545		542,955		131,754
Apple, Inc.		Morgan Stanley		85,529		16,998,613		31,200,979		14,474,933
CDW Corp.		Morgan Stanley		1,129		90,962		131,167		41,012
Cisco Systems, Inc.		Morgan Stanley		63,183		2,672,883		2,946,855		308,438
F5 Networks, Inc.		Morgan Stanley		4,176		394,605		582,468		189,143
FLIR Systems, Inc.		Morgan Stanley		36,599		1,315,657		1,484,821		174,443
Hewlett Packard Enterprise Co.		Morgan Stanley		24,741		240,709		240,730		2,240
HP, Inc.		Morgan Stanley		48,359		668,137		842,897		185,411
Juniper Networks, Inc.		Morgan Stanley		43,348		895,391		990,935		105,719
NetApp, Inc.		Morgan Stanley		5,217		216,395		231,478		16,363
TE Connectivity Ltd. (Switzerland)		Morgan Stanley		16,712		1,026,604		1,362,864		346,724
Xerox Holdings Corp.		Morgan Stanley		64,931		1,236,683		992,795		(210,863	)
				399,591		26,171,184		41,550,944		15,765,317
Telecommunication Services
AT&T, Inc.		Morgan Stanley		11,356		338,388		343,292		5,880
T-Mobile US, Inc.		Morgan Stanley		3,685		325,744		383,793		59,114
Verizon Communications, Inc.		Morgan Stanley		26,279		1,362,790		1,448,761		105,692
				41,320		2,026,922		2,175,846		170,686
Transportation
Alaska Air Group, Inc.		Morgan Stanley		8,150		200,381		295,519		95,814
CH Robinson Worldwide, Inc.		Morgan Stanley		1,405		109,632		111,079		1,998
CSX Corp.		Morgan Stanley		17,585		936,113		1,226,378		297,800
Expeditors International of Washington, Inc.		Morgan Stanley		29,329		1,950,256		2,230,177		300,286
JB Hunt Transport Services, Inc.		Morgan Stanley		229		18,175		27,558		9,554
Kansas City Southern		Morgan Stanley		2,476		286,696		369,642		87,753
Norfolk Southern Corp.		Morgan Stanley		8,016		1,369,263		1,407,369		48,327
Southwest Airlines Co.		Morgan Stanley		82,917		2,346,977		2,834,103		496,709
				150,107		7,217,493		8,501,825		1,338,241

13

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Total Return Swaps (continued)

Reference Entity	Counterparty		Number of Contracts  Long/(Short)			Notional Amount			Value			Unrealized Appreciation/ (Depreciation)*
Utilities
AES Corp. (The)		Morgan Stanley		8,608		$	130,723		$	124,730		$	(1,994	)
Dominion Energy, Inc.		Morgan Stanley		31,733			2,413,413			2,576,085			199,859
Duke Energy Corp.		Morgan Stanley		1,986			161,097			158,662			(6	)
Evergy, Inc.		Morgan Stanley		11,396			688,144			675,669			(2,749	)
NextEra Energy, Inc.		Morgan Stanley		425			90,854			102,072			12,055
NRG Energy, Inc.		Morgan Stanley		118,059			3,559,973			3,844,001			332,253
Public Service Enterprise Group, Inc.		Morgan Stanley		18,479			848,191			908,428			71,361
Sempra Energy		Morgan Stanley		3,483			343,922			408,312			71,627
Southern Co. (The)		Morgan Stanley		9,528			515,408			494,027			(16,243	)
				203,697			8,751,725			9,291,986			666,163
Total Reference Entity — Long							318,581,224			378,327,716			63,502,846
Short
Banks
Citizens Financial Group, Inc.		Morgan Stanley		(61,018	)		(2,355,240	)		(1,540,094	)		760,203
Comerica, Inc.		Morgan Stanley		(19,083	)		(1,250,914	)		(727,062	)		480,488
Huntington Bancshares, Inc.		Morgan Stanley		(174,905	)		(2,333,987	)		(1,580,267	)		658,907
KeyCorp.		Morgan Stanley		(55,222	)		(1,073,673	)		(672,604	)		376,674
M&T Bank Corp.		Morgan Stanley		(15,667	)		(2,665,080	)		(1,628,898	)		991,798
Regions Financial Corp.		Morgan Stanley		(121,358	)		(1,842,226	)		(1,349,501	)		415,165
SVB Financial Group		Morgan Stanley		(5,126	)		(1,027,759	)		(1,104,807	)		(80,840	)
Zions Bancorp NA		Morgan Stanley		(22,847	)		(1,068,027	)		(776,798	)		275,805
				(475,226	)		(13,616,906	)		(9,380,031	)		3,878,200
Capital Goods
A.O. Smith Corp.		Morgan Stanley		(60,984	)		(2,612,313	)		(2,873,566	)		(277,941	)
Boeing Co. (The)		Morgan Stanley		(26,007	)		(8,664,792	)		(4,767,083	)		3,758,464
Deere & Co.		Morgan Stanley		(751	)		(115,147	)		(118,020	)		(3,822	)
Fastenal Co.		Morgan Stanley		(79,324	)		(2,995,032	)		(3,398,240	)		(449,494	)
General Electric Co.		Morgan Stanley		(441,453	)		(3,782,867	)		(3,015,124	)		747,491
Huntington Ingalls Industries, Inc.		Morgan Stanley		(8,419	)		(1,659,116	)		(1,469,031	)		182,021
IDEX Corp.		Morgan Stanley		(8,857	)		(1,547,772	)		(1,399,760	)		139,020
Ingersoll Rand, Inc.		Morgan Stanley		(182,111	)		(5,050,151	)		(5,120,961	)		(89,649	)
Jacobs Engineering Group, Inc.		Morgan Stanley		(50,763	)		(4,671,319	)		(4,304,702	)		341,403
L3Harris Technologies, Inc.		Morgan Stanley		(16,472	)		(2,920,798	)		(2,794,804	)		103,515
PACCAR, Inc.		Morgan Stanley		(27,374	)		(1,932,272	)		(2,048,944	)		(130,862	)
Parker-Hannifin Corp.		Morgan Stanley		(18,640	)		(2,885,727	)		(3,416,153	)		(559,121	)
Rockwell Automation, Inc.		Morgan Stanley		(14,207	)		(2,877,236	)		(3,026,091	)		(183,325	)
Teledyne Technologies, Inc.		Morgan Stanley		(2,031	)		(629,128	)		(631,539	)		(4,713	)
Textron, Inc.		Morgan Stanley		(117,913	)		(5,677,077	)		(3,880,517	)		1,770,081
Xylem, Inc.		Morgan Stanley		(35,724	)		(2,508,392	)		(2,320,631	)		169,015
				(1,091,030	)		(50,529,139	)		(44,585,166	)		5,512,083
Commercial & Professional Services
Copart, Inc.		Morgan Stanley		(33,817	)		(3,441,537	)		(2,815,942	)		612,774
Equifax, Inc.		Morgan Stanley		(5,439	)		(877,162	)		(934,855	)		(65,380	)
Rollins, Inc.		Morgan Stanley		(98,206	)		(3,684,665	)		(4,162,952	)		(508,494	)

14

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Total Return Swaps (continued)

Reference Entity	Counterparty		Number of Contracts  Long/(Short)			Notional Amount			Value			Unrealized Appreciation/ (Depreciation)*
Commercial & Professional Services — (continued)
Verisk Analytics, Inc.		Morgan Stanley		(8,273	)	$	(1,239,189	)	$	(1,408,065	)	$	(183,745	)
				(145,735	)		(9,242,553	)		(9,321,814	)		(144,845	)
Consumer Durables & Apparel
Hasbro, Inc.		Morgan Stanley		(11,026	)		(1,059,668	)		(826,399	)		206,930
NVR, Inc.		Morgan Stanley		(817	)		(3,100,206	)		(2,662,399	)		426,263
Under Armour, Inc., Class C		Morgan Stanley		(523,944	)		(4,309,813	)		(4,631,665	)		(338,403	)
				(535,787	)		(8,469,687	)		(8,120,463	)		294,790
Consumer Services
Chipotle Mexican Grill, Inc.		Morgan Stanley		(1,531	)		(1,449,406	)		(1,611,163	)		(176,076	)
Darden Restaurants, Inc.		Morgan Stanley		(52,892	)		(6,325,891	)		(4,007,627	)		2,281,521
Domino’s Pizza, Inc.		Morgan Stanley		(6,075	)		(2,312,787	)		(2,244,348	)		58,803
Las Vegas Sands Corp.		Morgan Stanley		(21,856	)		(1,283,471	)		(995,322	)		256,168
Norwegian Cruise Line Holdings Ltd. (Bermuda)		Morgan Stanley		(99,618	)		(3,339,805	)		(1,636,724	)		1,689,150
Royal Caribbean Cruises Ltd. (Liberia)		Morgan Stanley		(42,807	)		(4,704,092	)		(2,153,192	)		2,452,228
Wynn Resorts Ltd.		Morgan Stanley		(19,167	)		(2,077,051	)		(1,427,750	)		598,549
				(243,946	)		(21,492,503	)		(14,076,126	)		7,160,343
Diversified Financials
Ameriprise Financial, Inc.		Morgan Stanley		(16,284	)		(2,322,208	)		(2,443,251	)		(151,736	)
Bank of New York Mellon Corp. (The)		Morgan Stanley		(24,860	)		(1,148,766	)		(960,839	)		175,976
Capital One Financial Corp.		Morgan Stanley		(4,012	)		(300,135	)		(251,111	)		52,452
Cboe Global Markets, Inc.		Morgan Stanley		(7,658	)		(959,884	)		(714,338	)		236,494
Charles Schwab Corp. (The)		Morgan Stanley		(37,504	)		(1,664,000	)		(1,265,385	)		384,228
CME Group, Inc.		Morgan Stanley		(6,748	)		(1,341,012	)		(1,096,820	)		239,153
E*TRADE Financial Corp.		Morgan Stanley		(27,094	)		(1,140,381	)		(1,347,385	)		(224,386	)
MarketAxess Holdings, Inc.		Morgan Stanley		(4,817	)		(2,087,978	)		(2,412,932	)		(347,628	)
Moody’s Corp.		Morgan Stanley		(1,244	)		(339,139	)		(341,764	)		(4,568	)
Northern Trust Corp.		Morgan Stanley		(40,034	)		(4,104,235	)		(3,176,298	)		856,590
State Street Corp.		Morgan Stanley		(52,846	)		(4,061,876	)		(3,358,363	)		637,370
Synchrony Financial		Morgan Stanley		(49,548	)		(1,668,727	)		(1,097,984	)		553,653
				(272,649	)		(21,138,341	)		(18,466,470	)		2,407,598
Energy
Cabot Oil & Gas Corp.		Morgan Stanley		(239,476	)		(4,550,711	)		(4,114,198	)		390,743
Diamondback Energy, Inc.		Morgan Stanley		(80,881	)		(6,161,929	)		(3,382,444	)		2,697,119
Hess Corp.		Morgan Stanley		(81,136	)		(5,197,590	)		(4,203,656	)		933,975
Marathon Oil Corp.		Morgan Stanley		(454,052	)		(4,877,252	)		(2,778,798	)		2,061,118
Noble Energy, Inc.		Morgan Stanley		(334,449	)		(6,315,909	)		(2,996,663	)		3,270,727
Occidental Petroleum Corp.		Morgan Stanley		(259,079	)		(9,463,550	)		(4,741,146	)		4,446,237
ONEOK, Inc.		Morgan Stanley		(71,129	)		(4,251,402	)		(2,362,905	)		1,722,904
Pioneer Natural Resources Co.		Morgan Stanley		(34,480	)		(4,486,702	)		(3,368,696	)		1,048,145
Schlumberger Ltd. (Curacao)		Morgan Stanley		(55,434	)		(1,910,828	)		(1,019,431	)		877,372
Williams Cos., Inc. (The)		Morgan Stanley		(191,553	)		(4,547,660	)		(3,643,338	)		588,540
				(1,801,669	)		(51,763,533	)		(32,611,275	)		18,036,880

15

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Total Return Swaps (continued)

Reference Entity	Counterparty		Number of Contracts Long/(Short)			Notional Amount			Value			Unrealized Appreciation/ (Depreciation)*
Food & Staples Retailing
Costco Wholesale Corp.		Morgan Stanley		(499	)	$	(153,247	)	$	(151,302	)	$	1,633
Food, Beverage & Tobacco
Brown-Forman Corp., Class B		Morgan Stanley		(35,395	)		(2,049,157	)		(2,253,246	)		(231,123	)
Conagra Brands, Inc.		Morgan Stanley		(69,479	)		(2,009,444	)		(2,443,576	)		(581,877	)
Hormel Foods Corp.		Morgan Stanley		(51,920	)		(2,486,429	)		(2,506,178	)		(39,540	)
Kellogg Co.		Morgan Stanley		(5,767	)		(377,632	)		(380,968	)		(5,785	)
Lamb Weston Holdings, Inc.		Morgan Stanley		(17,617	)		(1,677,495	)		(1,126,255	)		540,966
McCormick & Co., Inc., non-voting shares		Morgan Stanley		(5,170	)		(885,225	)		(927,550	)		(45,583	)
Monster Beverage Corp.		Morgan Stanley		(37,845	)		(2,621,294	)		(2,623,415	)		(11,948	)
				(223,193	)		(12,106,676	)		(12,261,188	)		(374,890	)
Health Care Equipment & Services
ABIOMED, Inc.		Morgan Stanley		(13,315	)		(2,472,310	)		(3,216,371	)		(754,195	)
Align Technology, Inc.		Morgan Stanley		(4,969	)		(1,175,210	)		(1,363,692	)		(198,217	)
AmerisourceBergen Corp.		Morgan Stanley		(8,501	)		(840,913	)		(856,646	)		(18,825	)
Becton Dickinson and Co.		Morgan Stanley		(4,155	)		(1,036,286	)		(994,167	)		35,543
Boston Scientific Corp.		Morgan Stanley		(21,353	)		(831,127	)		(749,704	)		78,367
Centene Corp.		Morgan Stanley		(46,806	)		(3,046,076	)		(2,974,521	)		54,330
Cigna Corp.		Morgan Stanley		(836	)		(169,275	)		(156,875	)		11,819
Cooper Cos., Inc. (The)		Morgan Stanley		(6,875	)		(2,186,262	)		(1,950,025	)		228,036
DENTSPLY SIRONA, Inc.		Morgan Stanley		(14,088	)		(794,141	)		(620,717	)		164,870
DexCom, Inc.		Morgan Stanley		(5,602	)		(2,200,163	)		(2,271,051	)		(87,680	)
Edwards Lifesciences Corp.		Morgan Stanley		(26,848	)		(2,035,934	)		(1,855,465	)		172,786
HCA Healthcare, Inc.		Morgan Stanley		(9,319	)		(1,174,637	)		(904,502	)		264,987
IDEXX Laboratories, Inc.		Morgan Stanley		(6,604	)		(1,894,656	)		(2,180,377	)		(303,502	)
Intuitive Surgical, Inc.		Morgan Stanley		(2,464	)		(1,365,984	)		(1,404,061	)		(43,134	)
Laboratory Corp. of America Holdings		Morgan Stanley		(2,121	)		(411,084	)		(352,319	)		61,134
ResMed, Inc.		Morgan Stanley		(7,773	)		(1,272,547	)		(1,492,416	)		(242,061	)
Teleflex, Inc.		Morgan Stanley		(5,565	)		(1,994,504	)		(2,025,549	)		(44,115	)
Varian Medical Systems, Inc.		Morgan Stanley		(14,842	)		(1,829,139	)		(1,818,442	)		3,908
				(202,036	)		(26,730,248	)		(27,186,900	)		(615,949	)
Household & Personal Products
Church & Dwight Co., Inc.		Morgan Stanley		(26,268	)		(1,974,251	)		(2,030,516	)		(70,430	)
Clorox Co. (The)		Morgan Stanley		(4,390	)		(912,592	)		(963,034	)		(53,804	)
Coty, Inc., Class A		Morgan Stanley		(297,145	)		(2,677,768	)		(1,328,238	)		1,293,044
				(327,803	)		(5,564,611	)		(4,321,788	)		1,168,810
Insurance
American International Group, Inc.		Morgan Stanley		(22,545	)		(1,115,777	)		(702,953	)		394,274
Arthur J Gallagher & Co.		Morgan Stanley		(12,866	)		(1,200,203	)		(1,254,306	)		(64,784	)
Lincoln National Corp.		Morgan Stanley		(49,380	)		(2,996,888	)		(1,816,690	)		1,149,288
Principal Financial Group, Inc.		Morgan Stanley		(17,772	)		(993,850	)		(738,249	)		232,031
Progressive Corp. (The)		Morgan Stanley		(41,108	)		(3,361,682	)		(3,293,162	)		52,676
Unum Group		Morgan Stanley		(88,377	)		(2,562,464	)		(1,466,174	)		1,043,070
				(232,048	)		(12,230,864	)		(9,271,534	)		2,806,555

16

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Total Return Swaps (continued)

Reference Entity	Counterparty		Number of Contracts Long/(Short)			Notional Amount			Value			Unrealized Appreciation/ (Depreciation)*
Materials
Air Products & Chemicals, Inc.		Morgan Stanley		(9,853	)	$	(2,195,459	)	$	(2,379,105	)	$	(209,259	)
Albemarle Corp.		Morgan Stanley		(68,159	)		(5,922,472	)		(5,262,556	)		588,199
Ball Corp.		Morgan Stanley		(9,882	)		(739,485	)		(686,700	)		47,800
Freeport-McMoRan, Inc.		Morgan Stanley		(74,312	)		(854,227	)		(859,790	)		(15,211	)
International Flavors & Fragrances, Inc.		Morgan Stanley		(24,658	)		(2,984,361	)		(3,019,619	)		(65,828	)
Mosaic Co. (The)		Morgan Stanley		(382,007	)		(4,520,711	)		(4,778,908	)		(292,998	)
Newmont Corp.		Morgan Stanley		(1,856	)		(105,387	)		(114,589	)		(10,393	)
Nucor Corp.		Morgan Stanley		(4,517	)		(192,038	)		(187,049	)		2,507
Packaging Corp. of America		Morgan Stanley		(9,967	)		(933,043	)		(994,707	)		(73,238	)
Sherwin-Williams Co. (The)		Morgan Stanley		(4,789	)		(2,496,326	)		(2,767,324	)		(284,969	)
Vulcan Materials Co.		Morgan Stanley		(11,685	)		(1,695,411	)		(1,353,707	)		327,788
Westrock Co.		Morgan Stanley		(86,482	)		(2,389,467	)		(2,443,981	)		(77,657	)
				(688,167	)		(25,028,387	)		(24,848,035	)		(63,259	)
Media & Entertainment
DISH Network Corp., Class A		Morgan Stanley		(59,279	)		(2,451,237	)		(2,045,718	)		396,402
Live Nation Entertainment, Inc.		Morgan Stanley		(50,658	)		(3,413,300	)		(2,245,669	)		1,154,915
ViacomCBS, Inc., Class B		Morgan Stanley		(118,408	)		(2,985,853	)		(2,761,275	)		160,738
				(228,345	)		(8,850,390	)		(7,052,662	)		1,712,055
Pharmaceuticals, Biotechnology & Life Sciences
Agilent Technologies, Inc.		Morgan Stanley		(9,730	)		(846,918	)		(859,840	)		(18,500	)
Bio-Rad Laboratories, Inc., Class A		Morgan Stanley		(2,903	)		(1,285,076	)		(1,310,676	)		(30,354	)
Eli Lilly & Co.		Morgan Stanley		(7,406	)		(1,167,087	)		(1,215,917	)		(58,167	)
IQVIA Holdings, Inc.		Morgan Stanley		(3,740	)		(595,922	)		(530,631	)		63,114
Mettler-Toledo International, Inc.		Morgan Stanley		(2,469	)		(1,779,793	)		(1,988,903	)		(216,515	)
Mylan NV (Netherlands)		Morgan Stanley		(24,960	)		(425,194	)		(401,357	)		22,299
Perrigo Co. PLC (Ireland)		Morgan Stanley		(91,044	)		(5,362,582	)		(5,032,002	)		273,205
Thermo Fisher Scientific, Inc.		Morgan Stanley		(377	)		(132,781	)		(136,602	)		(5,192	)
Vertex Pharmaceuticals, Inc.		Morgan Stanley		(12,346	)		(3,391,731	)		(3,584,167	)		(234,146	)
Zoetis, Inc.		Morgan Stanley		(20,154	)		(2,802,448	)		(2,761,904	)		27,835
				(175,129	)		(17,789,532	)		(17,821,999	)		(176,421	)
Real Estate
Digital Realty Trust, Inc., REIT		Morgan Stanley		(15,798	)		(2,262,168	)		(2,245,054	)		(9,207	)
Duke Realty Corp., REIT		Morgan Stanley		(236	)		(8,369	)		(8,352	)		(136	)
Equinix, Inc., REIT		Morgan Stanley		(5,764	)		(3,732,228	)		(4,048,057	)		(353,119	)
Equity Residential, REIT		Morgan Stanley		(20,828	)		(1,265,626	)		(1,225,103	)		23,594
Essex Property Trust, Inc., REIT		Morgan Stanley		(1,776	)		(477,949	)		(407,006	)		64,602
Healthpeak Properties, Inc., REIT		Morgan Stanley		(31,668	)		(856,247	)		(872,770	)		(24,763	)
Host Hotels & Resorts, Inc., REIT		Morgan Stanley		(45,727	)		(599,681	)		(493,394	)		98,923
Iron Mountain, Inc., REIT		Morgan Stanley		(66,988	)		(2,206,483	)		(1,748,387	)		355,702
Kimco Realty Corp., REIT		Morgan Stanley		(35,678	)		(474,998	)		(458,106	)		13,742
Regency Centers Corp., REIT		Morgan Stanley		(45,135	)		(2,920,936	)		(2,071,245	)		773,697
SL Green Realty Corp., REIT		Morgan Stanley		(14,025	)		(1,163,987	)		(691,292	)		447,704
Ventas, Inc., REIT		Morgan Stanley		(12,634	)		(915,686	)		(462,657	)		423,947
Vornado Realty Trust, REIT		Morgan Stanley		(20,468	)		(1,365,290	)		(782,082	)		540,238
				(316,725	)		(18,249,648	)		(15,513,505	)		2,354,924

17

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Continued)

June 30, 2020

(Unaudited)

Total Return Swaps (continued)

Reference Entity	Counterparty		Number of Contracts Long/(Short)			Notional Amount			Value			Unrealized Appreciation/ (Depreciation)*
Retailing
Advance Auto Parts, Inc.		Morgan Stanley		(16,501	)	$	(2,289,760	)	$	(2,350,568	)	$	(72,882	)
CarMax, Inc.		Morgan Stanley		(2,835	)		(280,420	)		(253,874	)		36,270
Dollar General Corp.		Morgan Stanley		(6,804	)		(1,235,558	)		(1,296,230	)		(71,205	)
Dollar Tree, Inc.		Morgan Stanley		(29,124	)		(3,272,549	)		(2,699,212	)		560,725
Expedia Group, Inc.		Morgan Stanley		(68,206	)		(6,825,759	)		(5,606,533	)		1,168,067
L Brands, Inc.		Morgan Stanley		(33,121	)		(819,536	)		(495,821	)		310,765
Ross Stores, Inc.		Morgan Stanley		(5,632	)		(537,825	)		(480,072	)		55,794
Tiffany & Co.		Morgan Stanley		(29,212	)		(3,531,907	)		(3,562,111	)		(58,308	)
TJX Cos., Inc. (The)		Morgan Stanley		(26,537	)		(1,445,105	)		(1,341,711	)		98,042
				(217,972	)		(20,238,419	)		(18,086,132	)		2,027,268
Semiconductors & Semiconductor Equipment
Advanced Micro Devices, Inc.		Morgan Stanley		(38,725	)		(2,072,291	)		(2,037,322	)		26,511
Analog Devices, Inc.		Morgan Stanley		(13,673	)		(1,643,235	)		(1,676,857	)		(47,818	)
Maxim Integrated Products, Inc.		Morgan Stanley		(7,673	)		(495,139	)		(465,061	)		13,547
Microchip Technology, Inc.		Morgan Stanley		(10,787	)		(1,072,555	)		(1,135,979	)		(72,402	)
QUALCOMM, Inc.		Morgan Stanley		(11,921	)		(978,678	)		(1,087,314	)		(118,019	)
Xilinx, Inc.		Morgan Stanley		(3,596	)		(368,783	)		(353,811	)		10,438
				(86,375	)		(6,630,681	)		(6,756,344	)		(187,743	)
Software & Services
Akamai Technologies, Inc.		Morgan Stanley		(18,910	)		(1,863,460	)		(2,025,072	)		(175,866	)
Broadridge Financial Solutions, Inc.		Morgan Stanley		(6,116	)		(751,123	)		(771,778	)		(29,684	)
DXC Technology Co.		Morgan Stanley		(115,920	)		(2,652,575	)		(1,912,680	)		713,917
Fidelity National Information Services, Inc.		Morgan Stanley		(19,806	)		(2,672,121	)		(2,655,787	)		(870	)
Fiserv, Inc.		Morgan Stanley		(14,954	)		(1,627,166	)		(1,459,809	)		161,354
Fortinet, Inc.		Morgan Stanley		(42,358	)		(5,307,499	)		(5,814,483	)		(526,785	)
Gartner, Inc.		Morgan Stanley		(12,127	)		(2,070,443	)		(1,471,369	)		591,382
Global Payments, Inc.		Morgan Stanley		(16,309	)		(2,744,066	)		(2,766,333	)		(35,242	)
Intuit, Inc.		Morgan Stanley		(3,149	)		(902,445	)		(932,702	)		(33,727	)
Jack Henry & Associates, Inc.		Morgan Stanley		(17,249	)		(2,941,315	)		(3,174,334	)		(261,358	)
Paycom Software, Inc.		Morgan Stanley		(8,389	)		(2,621,156	)		(2,598,325	)		11,631
Tyler Technologies, Inc.		Morgan Stanley		(3,715	)		(1,251,590	)		(1,288,659	)		(41,699	)
				(279,002	)		(27,404,959	)		(26,871,331	)		373,053
Technology Hardware & Equipment
Arista Networks, Inc.		Morgan Stanley		(10,262	)		(2,253,952	)		(2,155,328	)		90,245
Corning, Inc.		Morgan Stanley		(68,081	)		(2,321,562	)		(1,763,298	)		492,444
IPG Photonics Corp.		Morgan Stanley		(17,211	)		(2,047,115	)		(2,760,472	)		(720,962	)
Keysight Technologies, Inc.		Morgan Stanley		(31,034	)		(3,082,141	)		(3,127,607	)		(56,942	)
Motorola Solutions, Inc.		Morgan Stanley		(7,624	)		(1,123,344	)		(1,068,351	)		42,801
Seagate Technology PLC (Ireland)		Morgan Stanley		(45,862	)		(2,245,106	)		(2,220,179	)		(33,680	)
Western Digital Corp.		Morgan Stanley		(139,190	)		(8,684,780	)		(6,145,239	)		2,396,626
Zebra Technologies Corp., Class A		Morgan Stanley		(805	)		(204,742	)		(206,040	)		(2,011	)
				(320,069	)		(21,962,742	)		(19,446,514	)		2,208,521

18

GOTHAM INDEX PLUS FUND

Portfolio of Investments (Concluded)

June 30, 2020

(Unaudited)

Total Return Swaps (concluded)

Reference Entity	Counterparty		Number of Contracts Long/(Short)			Notional Amount			Value			Unrealized Appreciation/ (Depreciation)*
Telecommunication Services
CenturyLink, Inc.		Morgan Stanley		(2,673	)	$	(33,671	)	$	(26,810	)	$	5,958
Transportation
American Airlines Group, Inc.		Morgan Stanley		(283,714	)		(4,625,719	)		(3,708,142	)		899,095
Delta Air Lines, Inc.		Morgan Stanley		(8,993	)		(249,821	)		(252,254	)		(3,315	)
FedEx Corp.		Morgan Stanley		(21,387	)		(3,113,812	)		(2,998,885	)		60,695
Old Dominion Freight Line, Inc.		Morgan Stanley		(2,674	)		(396,302	)		(453,484	)		(59,087	)
Union Pacific Corp.		Morgan Stanley		(4,800	)		(816,199	)		(811,536	)		902
United Airlines Holdings, Inc.		Morgan Stanley		(93,272	)		(3,282,505	)		(3,228,144	)		33,305
United Parcel Service, Inc., Class B		Morgan Stanley		(13,853	)		(1,374,506	)		(1,540,177	)		(175,619	)
				(428,693	)		(13,858,864	)		(12,992,622	)		755,976
Utilities
Alliant Energy Corp.		Morgan Stanley		(31,241	)		(1,591,914	)		(1,494,570	)		80,764
Ameren Corp.		Morgan Stanley		(30,315	)		(2,280,028	)		(2,132,963	)		99,159
American Electric Power Co., Inc.		Morgan Stanley		(16,747	)		(1,506,784	)		(1,333,731	)		123,995
American Water Works Co., Inc.		Morgan Stanley		(5,731	)		(684,820	)		(737,350	)		(59,772	)
Atmos Energy Corp.		Morgan Stanley		(8,285	)		(886,092	)		(825,020	)		43,650
CenterPoint Energy, Inc.		Morgan Stanley		(109,948	)		(2,993,585	)		(2,052,729	)		843,552
CMS Energy Corp.		Morgan Stanley		(26,338	)		(1,644,830	)		(1,538,666	)		91,183
Consolidated Edison, Inc.		Morgan Stanley		(10,078	)		(802,632	)		(724,911	)		62,233
DTE Energy Co.		Morgan Stanley		(19,281	)		(2,516,908	)		(2,072,708	)		361,933
Edison International		Morgan Stanley		(55,106	)		(3,961,227	)		(2,992,807	)		863,040
Entergy Corp.		Morgan Stanley		(9,773	)		(1,037,933	)		(916,805	)		85,205
Eversource Energy		Morgan Stanley		(17,411	)		(1,404,783	)		(1,449,814	)		(69,513	)
Exelon Corp.		Morgan Stanley		(52,015	)		(2,509,500	)		(1,887,624	)		576,202
FirstEnergy Corp.		Morgan Stanley		(10,212	)		(432,011	)		(396,021	)		31,927
NiSource, Inc.		Morgan Stanley		(76,221	)		(2,271,670	)		(1,733,266	)		498,590
Pinnacle West Capital Corp.		Morgan Stanley		(16,565	)		(1,586,247	)		(1,214,049	)		353,243
PPL Corp.		Morgan Stanley		(20,334	)		(722,037	)		(525,431	)		177,081
WEC Energy Group, Inc.		Morgan Stanley		(22,206	)		(1,949,897	)		(1,946,356	)		(36,237	)
Xcel Energy, Inc.		Morgan Stanley		(31,430	)		(1,938,867	)		(1,964,375	)		(73,870	)
				(569,237	)		(32,721,765	)		(27,939,196	)		4,052,365
Total Reference Entity — Short							(425,807,366	)		(367,109,207	)		53,193,905
Net Value of Reference Entity						$	(107,226,142	)	$	11,218,509		$	116,696,751

* Includes $(1,747,900) related to open trades, dividends receivables/payables and swap receivables/payables activities.

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, except for total return swaps with end of period unrealized appreciation of $116,696,751, which are considered Level 2 as of and for the period ended June 30, 2020.

For additional information about significant accounting policies, including valuation of investments, refer to the Fund’s most recent annual or semi-annual report.

19