GCSSX Fees and Costs — Goldman Sachs Small Cap Equity Insights Fund, Service Class
Data updated: 2026-09-24
The net expense ratio is 1.35%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.38% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $93K in broker commissions, 0.0208% of average net assets, and portfolio turnover was 162%.
GCSSX Fees and Expenses
Annual operating expenses and sales charges of GCSSX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.43% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.35% |
| 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 |
GCSSX Costs Over Time
On $10,000 invested in GCSSX, assuming 5% a year before costs, total costs come to $851 over 5 years, cutting the return by 1.44% 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 1.35%) | $142 | $441 | $761 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $144 | $470 | $851 |
| Value after costs | $10,356 | $11,107 | $11,912 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
GCSSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0208%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 162%
- Securities on loan, average value: $4.4M
- Net income from securities lending: $81K (0.018% of average net assets)
GCSSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $19K | 21.57% |
| BOFA SECURITIES, INC. | $13K | 14.32% |
| JEFFERIES LLC | $12K | 13.55% |
| CITIGROUP GLOBAL MARKETS INC. | $10K | 11.64% |
| NATIONAL FINANCIAL SERVICES LLC | $10K | 10.81% |
| J.P. MORGAN SECURITIES LLC | $8K | 9.05% |
| UBS Securities LLC | $7K | 7.31% |
| VIRTU AMERICAS LLC | $5K | 5.24% |
| BARCLAYS CAPITAL, INC. | $4K | 4.93% |
| WELLS FARGO SECURITIES, LLC | $1K | 1.59% |
Goldman Sachs Small Cap Equity Insights Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GCSUX | Class R6 | 0.84% | none |
| GMAPX | Class P | 0.84% | — |
| GCSIX | Institutional Class | 0.85% | none |
| GDSTX | Investor Shares | 0.96% | none |
| GCSAX | Class A | 1.21% | 5.50% |
| GCSSX | Service Class | 1.35% | none |
| GDSRX | Class R | 1.46% | none |
| GCSCX | Class C | 1.96% | 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.