GAMDX Fees and Costs — Goldman Sachs Emerging Markets Credit Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.12%: a 0.80% management fee, a 0.25% 12b-1 fee plus 1.47% other expenses, less a 1.40% fee waiver. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2026 the fund paid $848 in broker commissions, 0.0035% of average net assets, and portfolio turnover was 51%.
GAMDX Fees and Expenses
Annual operating expenses and sales charges of GAMDX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.47% |
| Gross expense ratio | 2.52% |
| Fee waiver | −1.40% |
| Net expense ratio | 1.12% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
GAMDX Costs Over Time
On $10,000 invested in GAMDX, assuming 5% a year before costs, total costs come to $1,244 over 5 years, cutting the return by 2.13% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 1.12%) | $112 | $350 | $606 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $22 | $88 | $186 |
| Total costs | $585 | $889 | $1,244 |
| Value after costs | $9,915 | $10,687 | $11,519 |
| Impact on return, per year | 5.85% | 2.76% | 2.13% |
GAMDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0035%
- Total broker commissions: $848
- Bought from dealers (principal trades, not a cost): $55.0M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
GAMDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $803 | 94.65% |
| Deutsche Bank Aktiengesellschaft | $26 | 3.07% |
| J.P. Morgan Securities PLC | $18 | 2.08% |
| Merrill Lynch International | $2 | 0.21% |
GAMDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. International PLC | $18.7M | 47.66% |
| Barclays Capital Inc. | $4.7M | 12.08% |
| Deutsche Bank Aktiengesellschaft | $4.3M | 10.99% |
| Citigroup Global Markets Inc. | $2.4M | 6.16% |
| J.P. Morgan Securities LLC | $2.0M | 5.06% |
| Morgan Stanley & Co. LLC | $1.8M | 4.58% |
| BofA Securities, Inc. | $1.4M | 3.60% |
| Merrill Lynch International | $1.4M | 3.51% |
| Jefferies LLC | $1.3M | 3.20% |
| Jane Street Execution Services, LLC | $1.2M | 3.17% |
Goldman Sachs Emerging Markets Credit Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GIMSX | Class R6 | 0.84% | none |
| GMWPX | Class P | 0.84% | — |
| GIMDX | Institutional Shares | 0.85% | none |
| GLIRX | Investor Shares | 0.87% | none |
| GAMDX | Class A | 1.12% | 4.50% |
| GCMDX | Class C | 1.87% | 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.