FIOXX Fees and Costs — Goldman Sachs Financial Square Federal Instruments Fund, Administration Shares
Data updated: 2026-03-27
The net expense ratio is 0.45%: a 0.18% management fee plus 0.27% other expenses. There are no sales loads or redemption fees.
FIOXX Fees and Expenses
Annual operating expenses and sales charges of FIOXX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | — |
| Other expenses | 0.27% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FIOXX Costs Over Time
On $10,000 invested in FIOXX, assuming 5% a year before costs, total costs come to $285 over 5 years, cutting the return by 0.47% 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 0.45%) | $47 | $148 | $259 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $285 |
| Value after costs | $10,453 | $11,421 | $12,478 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
FIOXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $149.5B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FIOXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $37.3B | 27.59% |
| R. SEELAUS & CO., LLC | $19.6B | 14.52% |
| BOFA SECURITIES, INC. | $15.7B | 11.61% |
| CitiGroup Global Markets Inc. | $14.1B | 10.43% |
| Loop Capital Markets LLC | $12.7B | 9.42% |
| CASTLEOAK SECURITIES, LP | $9.9B | 7.34% |
| WELLS FARGO SECURITIES, LLC | $9.4B | 6.96% |
| MORGAN STANLEY & CO. LLC | $5.6B | 4.16% |
| DEUTSCHE BANK SECURITIES, INC. | $5.5B | 4.05% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $5.3B | 3.93% |
Goldman Sachs Financial Square Federal Instruments Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIDXX | Class D | 0.20% | none |
| FIRXX | Institutional Shares | 0.20% | none |
| FIHXX | Preferred Shares | 0.30% | none |
| FIKXX | Capital Shares | 0.35% | none |
| FIOXX | Administration Shares | 0.45% | none |
| FILXX | Service Shares | 0.70% | none |
| FIWXX | Cash Management Shares | 1.00% | none |
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.