GBXB Fees and Costs — Goldman Sachs U.S. Large Cap Buffer 2 ETF
Data updated: 2026-01-27
The net expense ratio is 0.50% (0.53% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.2091% of average net assets, and portfolio turnover was 0%.
GBXB Fees and Expenses
Annual operating expenses and sales charges of GBXB. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.53% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.50% |
| 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 |
GBXB Costs Over Time
On $10,000 invested in GBXB, assuming 5% a year before costs, total costs come to $446 over 5 years, cutting the return by 0.74% 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 0.50%) | $52 | $164 | $286 |
| Trading costs (broker commissions) | $22 | $69 | $120 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $74 | $245 | $446 |
| Value after costs | $10,426 | $11,332 | $12,317 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
GBXB 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): 0.2091%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
GBXB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $4K | 35.93% |
| RBC CAPITAL MARKETS, LLC | $4K | 34.55% |
| MORGAN STANLEY & CO. INTERNATIONAL PLC | $3K | 22.37% |
| CITADEL SECURITIES LLC | $698 | 5.95% |
| NatWest Markets Securities Inc. | $140 | 1.19% |
| UBS Securities LLC | $1 | 0.01% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.