GACPX Fees and Costs — Goldman Sachs Concentrated Growth Fund, Class P
Data updated: 2024-04-26
The net expense ratio is 0.75%: a 0.76% management fee plus 0.24% other expenses, less a 0.25% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $13K in broker commissions, 0.0095% of average net assets, and portfolio turnover was 32%.
GACPX Fees and Expenses
Annual operating expenses and sales charges of GACPX. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.76% |
| 12b-1 fee | — |
| Other expenses | 0.24% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.75% |
| 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 |
GACPX Costs Over Time
On $10,000 invested in GACPX, assuming 5% a year before costs, total costs come to $477 over 5 years, cutting the return by 0.80% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $262 | $477 |
| Value after costs | $10,420 | $11,314 | $12,285 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
GACPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0095%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
GACPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC | $4K | 34.75% |
| MORGAN STANLEY & CO. LLC | $2K | 17.23% |
| JEFFERIES LLC | $2K | 14.96% |
| EVERCORE GROUP L.L.C. | $784 | 6.65% |
| B. RILEY SECURITIES, INC. | $746 | 6.33% |
| SANFORD C. BERNSTEIN & CO., LLC | $596 | 5.06% |
| CITIGROUP GLOBAL MARKETS INC. | $466 | 3.95% |
| CANTOR FITZGERALD & CO. | $440 | 3.73% |
| LIQUIDNET, INC. | $438 | 3.71% |
| J.P. MORGAN SECURITIES LLC | $426 | 3.61% |
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.