GALLX Fees and Costs — Goldman Sachs Enhanced U.S. Equity Fund, Class A
Data updated: 2025-11-13
The net expense ratio is 0.93%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.45% other expenses, less a 0.32% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $133K in broker commissions, 0.0316% of average net assets, and portfolio turnover was 79%.
GALLX Fees and Expenses
Annual operating expenses and sales charges of GALLX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.25% |
| Fee waiver | −0.32% |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GALLX Costs Over Time
On $10,000 invested in GALLX, assuming 5% a year before costs, total costs come to $1,271 over 5 years, cutting the return by 2.18% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 0.93%) | $92 | $288 | $500 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $27 | $101 | $204 |
| Total costs | $673 | $949 | $1,271 |
| Value after costs | $9,827 | $10,627 | $11,492 |
| Impact on return, per year | 6.73% | 2.95% | 2.18% |
GALLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0316%
- Total broker commissions: $133K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 79%
- Securities lending: none during the year
GALLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $26K | 23.01% |
| CITIGROUP GLOBAL MARKETS INC. | $17K | 15.41% |
| MORGAN STANLEY & CO. LLC | $17K | 14.96% |
| BOFA SECURITIES, INC. | $14K | 12.92% |
| JEFFERIES LLC | $13K | 11.68% |
| NATIONAL FINANCIAL SERVICES LLC | $7K | 6.34% |
| BMO CAPITAL MARKETS CORP. | $7K | 5.93% |
| Stephens, Inc. | $4K | 3.73% |
| UBS Securities LLC | $3K | 3.11% |
| KEYBANC CAPITAL MARKETS, INC. | $3K | 2.92% |
Goldman Sachs Enhanced U.S. Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GFCUX | Class R6 | 0.56% | none |
| GGZPX | Class P | 0.56% | — |
| GILLX | Institutional Shares | 0.57% | none |
| GSLLX | Investor Shares | 0.68% | none |
| GALLX | Class A | 0.93% | 5.50% |
| GRLLX | Class R | 1.18% | none |
| GCLLX | Class C | 1.68% | 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.