GBIL Fees and Costs — Goldman Sachs Access Treasury 0-1 Year ETF
Data updated: 2026-07-24
The net expense ratio is 0.12% (0.14% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 0%.
GBIL Fees and Expenses
Annual operating expenses and sales charges of GBIL. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.14% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.14% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.12% |
| 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 |
GBIL Costs Over Time
On $10,000 invested in GBIL, assuming 5% a year before costs, total costs come to $76 over 5 years, cutting the return by 0.13% 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 |
| Fund expenses (net expense ratio 0.12%) | $13 | $40 | $69 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $13 | $42 | $76 |
| Value after costs | $10,487 | $11,535 | $12,686 |
| Impact on return, per year | 0.13% | 0.13% | 0.13% |
GBIL 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $53.3B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
GBIL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $15.0B | 28.45% |
| BARCLAYS CAPITAL, INC. | $7.8B | 14.92% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $6.4B | 12.17% |
| BMO NESBITT BURNS INC. | $5.0B | 9.50% |
| WELLS FARGO SECURITIES, LLC | $4.3B | 8.23% |
| J.P. Morgan Securities LLC | $4.0B | 7.59% |
| CitiGroup Global Markets Inc. | $3.9B | 7.43% |
| CITADEL SECURITIES LLC | $3.8B | 7.17% |
| RBC CAPITAL MARKETS, LLC | $1.5B | 2.79% |
| BOFA SECURITIES, INC. | $921.8M | 1.75% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.