GCEEX Fees and Costs — Goldman Sachs Clean Energy Income Fund, Class R6
Data updated: 2026-07-22
The net expense ratio is 0.89%: a 0.80% management fee plus 1.30% other expenses, less a 1.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $23K in broker commissions, 0.0600% of average net assets, and portfolio turnover was 23%.
GCEEX Fees and Expenses
Annual operating expenses and sales charges of GCEEX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.30% |
| Gross expense ratio | 2.10% |
| Fee waiver | −1.21% |
| Net expense ratio | 0.89% |
| 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 |
GCEEX Costs Over Time
On $10,000 invested in GCEEX, assuming 5% a year before costs, total costs come to $595 over 5 years, cutting the return by 1.00% 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 0.89%) | $93 | $292 | $506 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $595 |
| Value after costs | $10,400 | $11,249 | $12,168 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
GCEEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0600%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $452K
- Net income from securities lending: $6K (0.015% of average net assets)
GCEEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $5K | 21.17% |
| JEFFERIES LLC | $5K | 20.45% |
| J.P. MORGAN SECURITIES LLC | $4K | 17.61% |
| RBC CAPITAL MARKETS, LLC | $3K | 11.12% |
| MORGAN STANLEY & CO. LLC | $2K | 9.76% |
| BOFA SECURITIES, INC. | $2K | 9.70% |
| BARCLAYS CAPITAL, INC. | $1K | 4.85% |
| EVERCORE GROUP L.L.C. | $721 | 3.17% |
| UBS Securities LLC | $314 | 1.38% |
| Cowen and Company, LLC | $183 | 0.80% |
Goldman Sachs Clean Energy Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GCEEX | Class R6 | 0.89% | none |
| GCEPX | Class P | 0.89% | — |
| GCEDX | Institutional Shares | 0.90% | none |
| GCEJX | Investor Shares | 1.01% | none |
| GCEBX | Class A | 1.26% | 5.50% |
| GCEGX | Class C | 2.01% | 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.