GBND Fees and Costs — Goldman Sachs Core Bond ETF
Data updated: 2026-07-24
The net expense ratio is 0.25% (0.26% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $335 in broker commissions, 0.0017% of average net assets, and portfolio turnover was 115%.
GBND Fees and Expenses
Annual operating expenses and sales charges of GBND. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.26% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.25% |
| 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 |
GBND Costs Over Time
On $10,000 invested in GBND, assuming 5% a year before costs, total costs come to $160 over 5 years, cutting the return by 0.26% 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 |
| Fund expenses (net expense ratio 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $26 | $87 | $160 |
| Value after costs | $10,474 | $11,489 | $12,603 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
GBND 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): 0.0017%
- Total broker commissions: $335
- Bought from dealers (principal trades, not a cost): $60.2M
- Portfolio turnover (prospectus): 115%
- Securities lending: none during the year
GBND Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $334 | 99.48% |
| J.P. MORGAN SECURITIES PLC | $2 | 0.52% |
GBND Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $19.2M | 33.10% |
| BOFA SECURITIES, INC. | $18.7M | 32.18% |
| MORGAN STANLEY & CO. LLC | $8.7M | 14.96% |
| BARCLAYS BANK PLC | $3.9M | 6.64% |
| CitiGroup Global Markets Inc. | $2.0M | 3.42% |
| DEUTSCHE BANK SECURITIES, INC. | $1.5M | 2.53% |
| BMO NESBITT BURNS INC. | $1.4M | 2.46% |
| SOCIETE GENERALE | $1.4M | 2.40% |
| BARCLAYS CAPITAL, INC. | $845K | 1.45% |
| BNP PARIBAS SECURITIES CORP. | $498K | 0.86% |
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.