GDERX Fees and Costs — Goldman Sachs Defensive Equity Fund, Class R
Data updated: 2023-03-14
The net expense ratio is 1.19%: a 0.53% management fee, a 0.50% 12b-1 fee plus 4.80% other expenses, less a 4.64% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $814 in broker commissions, 0.0137% of average net assets, and portfolio turnover was 305%.
GDERX Fees and Expenses
Annual operating expenses and sales charges of GDERX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.50% |
| Other expenses | 4.80% |
| Gross expense ratio | 5.83% |
| Fee waiver | −4.64% |
| Net expense ratio | 1.19% |
| 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 |
GDERX Costs Over Time
On $10,000 invested in GDERX, assuming 5% a year before costs, total costs come to $750 over 5 years, cutting the return by 1.26% 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 1.19%) | $125 | $389 | $673 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $126 | $413 | $750 |
| Value after costs | $10,374 | $11,163 | $12,013 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
GDERX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0137%
- Total broker commissions: $814
- Bought from dealers (principal trades, not a cost): $77K
- Portfolio turnover (prospectus): 305%
- Securities lending: none during the year
GDERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $283 | 34.76% |
| MORGAN STANLEY & CO. INTERNATIONAL PLC | $234 | 28.77% |
| NATIONAL FINANCIAL SERVICES LLC | $197 | 24.19% |
| BOFA SECURITIES, INC. | $56 | 6.88% |
| UBS Securities LLC | $20 | 2.48% |
| JEFFERIES LLC | $8 | 0.93% |
| MORGAN STANLEY & CO. LLC | $7 | 0.86% |
| BARCLAYS CAPITAL, INC. | $5 | 0.59% |
| SOCIETE GENERALE INTERNATIONAL LIMITED | $2 | 0.29% |
| CitiGroup Global Markets Inc. | $2 | 0.25% |
GDERX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC | $70K | 90.78% |
| BOFA SECURITIES, INC. | $7K | 8.80% |
| CitiGroup Global Markets Inc. | $319 | 0.41% |
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.