GARKX Fees and Costs — Goldman Sachs Global Real Estate Securities Fund, Class C
Data updated: 2025-05-27
The net expense ratio is 2.05%: a 0.93% management fee, a 0.75% 12b-1 fee plus 0.76% other expenses, less a 0.39% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2024 the fund paid $95K in broker commissions, 0.1020% of average net assets, and portfolio turnover was 47%.
GARKX Fees and Expenses
Annual operating expenses and sales charges of GARKX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.93% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.76% |
| Gross expense ratio | 2.44% |
| Fee waiver | −0.39% |
| Net expense ratio | 2.05% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GARKX Costs Over Time
On $10,000 invested in GARKX, assuming 5% a year before costs, total costs come to $1,315 over 5 years, cutting the return by 2.26% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 2.05%) | $215 | $664 | $1,137 |
| Trading costs (broker commissions) | $11 | $33 | $57 |
| Lost growth on money paid in costs | $0 | $35 | $122 |
| Total costs | $329 | $731 | $1,315 |
| Value after costs | $10,171 | $10,845 | $11,447 |
| Impact on return, per year | 3.29% | 2.26% | 2.26% |
GARKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1020%
- Total broker commissions: $95K
- Bought from dealers (principal trades, not a cost): $234K
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $134K
- Net income from securities lending: $2K (0.002% of average net assets)
GARKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $22K | 31.53% |
| BOFA SECURITIES, INC. | $9K | 13.34% |
| MORGAN STANLEY & CO. LLC | $8K | 10.72% |
| NATIONAL FINANCIAL SERVICES LLC | $7K | 10.29% |
| JEFFERIES LLC | $7K | 10.23% |
| J.P. Morgan Securities LLC | $6K | 8.14% |
| CHINA INTERNATIONAL CAPITAL CORPORATION HONG KONG SECURITIES LIMITED | $3K | 4.75% |
| BMO CAPITAL MARKETS CORP. | $3K | 3.95% |
| UBS Securities LLC | $3K | 3.85% |
| MIZUHO INTERNATIONAL PLC | $2K | 3.20% |
GARKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $234K | 99.99% |
| J.P. Morgan Securities LLC | $15 | 0.01% |
| CitiGroup Global Markets Inc. | $6 | 0.00% |
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.