GCCIX Fees and Costs — Goldman Sachs Commodity Strategy Fund, Institutional Shares
Data updated: 2026-08-26
The net expense ratio is 0.62% (0.91% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 0%.
GCCIX Fees and Expenses
Annual operating expenses and sales charges of GCCIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.29% |
| Net expense ratio | 0.62% |
| 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 |
GCCIX Costs Over Time
On $10,000 invested in GCCIX, assuming 5% a year before costs, total costs come to $391 over 5 years, cutting the return by 0.65% 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 0.62%) | $65 | $204 | $355 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $391 |
| Value after costs | $10,435 | $11,362 | $12,372 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
GCCIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $686.6M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
GCCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $609.6M | 88.79% |
| Northern Trust Securities, Inc | $65.0M | 9.47% |
| State Street Bank and Trust Company | $12.0M | 1.75% |
Goldman Sachs Commodity Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GCCUX | Class R6 | 0.61% | none |
| GGRPX | Class P | 0.61% | — |
| GCCIX | Institutional Shares | 0.62% | none |
| GCCTX | Investor Shares | 0.70% | none |
| GSCAX | Class A | 0.95% | 4.50% |
| GCCRX | Class R | 1.20% | none |
| GSCCX | Class C | 1.70% | none |
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.