GBUY Fees and Costs — Goldman Sachs Future Consumer Equity ETF
Data updated: 2025-07-22
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $36K in broker commissions, 0.0402% of average net assets, and portfolio turnover was 31%.
GBUY Fees and Expenses
Annual operating expenses and sales charges of GBUY. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
GBUY Costs Over Time
On $10,000 invested in GBUY, assuming 5% a year before costs, total costs come to $496 over 5 years, cutting the return by 0.83% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $272 | $496 |
| Value after costs | $10,417 | $11,304 | $12,266 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
GBUY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0402%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): $2.9M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $492K
- Net income from securities lending: $13K (0.014% of average net assets)
GBUY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $25K | 75.01% |
| MORGAN STANLEY INDIA COMPANY PRIVATE LIMITED | $2K | 5.74% |
| Royal Bank of Canada | $1K | 3.92% |
| MORGAN STANLEY & CO. LLC | $1K | 3.05% |
| CITIGROUP GLOBAL MARKETS INC. | $989 | 2.93% |
| MERRILL LYNCH INTERNATIONAL | $943 | 2.79% |
| FIDELITY CAPITAL MARKETS, INC. | $805 | 2.39% |
| CITIGROUP GLOBAL MARKETS LIMITED | $620 | 1.84% |
| BRADESCO SECURITIES, INC. | $413 | 1.22% |
| MORGAN STANLEY & CO. INTERNATIONAL PLC-SEOUL BRANCH | $376 | 1.11% |
GBUY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $1.5M | 52.97% |
| MORGAN STANLEY TAIWAN LIMITED | $1.4M | 47.03% |
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.