GARVX Fees and Costs — Goldman Sachs Global Real Estate Securities Fund, Class R6
Data updated: 2025-05-27
The net expense ratio is 0.94%: a 0.93% management fee plus 0.39% other expenses, less a 0.38% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $95K in broker commissions, 0.1020% of average net assets, and portfolio turnover was 47%.
GARVX Fees and Expenses
Annual operating expenses and sales charges of GARVX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.93% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.32% |
| Fee waiver | −0.38% |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
GARVX Costs Over Time
On $10,000 invested in GARVX, assuming 5% a year before costs, total costs come to $651 over 5 years, cutting the return by 1.09% 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 0.94%) | $99 | $308 | $534 |
| Trading costs (broker commissions) | $11 | $33 | $58 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $109 | $358 | $651 |
| Value after costs | $10,391 | $11,218 | $12,112 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
GARVX 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)
GARVX 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% |
GARVX 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.