C000201769 Fees and Costs — Goldman Sachs International Real Estate Securities Fund, Class P
Data updated: 2022-05-26
The net expense ratio is 0.98%: a 0.95% management fee plus 0.82% other expenses, less a 0.79% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $38K in broker commissions, 0.0749% of average net assets, and portfolio turnover was 55%.
C000201769 Fees and Expenses
Annual operating expenses and sales charges of C000201769. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | — |
| Other expenses | 0.82% |
| Gross expense ratio | 1.77% |
| Fee waiver | −0.79% |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000201769 Costs Over Time
On $10,000 invested in C000201769, assuming 5% a year before costs, total costs come to $659 over 5 years, cutting the return by 1.11% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.98%) | $103 | $321 | $556 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $111 | $363 | $659 |
| Value after costs | $10,389 | $11,214 | $12,104 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
C000201769 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0749%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): $854K
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $24K
- Net income from securities lending: $6 (0.000% of average net assets)
C000201769 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DBS VICKERS SECURITIES (SINGAPORE) PTE LTD | $4K | 15.12% |
| MORGAN STANLEY & CO. LLC | $3K | 13.08% |
| J.P. MORGAN SECURITIES (ASIA PACIFIC) LIMITED | $3K | 11.82% |
| CitiGroup Global Markets Inc. | $3K | 11.68% |
| JEFFERIES LLC | $3K | 10.01% |
| BOFA SECURITIES, INC. | $2K | 9.16% |
| Nomura International PLC | $2K | 8.30% |
| RBC CAPITAL MARKETS, LLC | $2K | 7.47% |
| BARCLAYS CAPITAL, INC. | $2K | 6.93% |
| CREDIT SUISSE (HONG KONG) LIMITED | $2K | 6.43% |
C000201769 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Nomura International PLC | $263K | 30.74% |
| MORGAN STANLEY & CO. LLC | $256K | 29.96% |
| JEFFERIES LLC | $248K | 29.03% |
| Van Lanschot Kempen N.V. | $88K | 10.26% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.