GDFIX Fees and Costs — Goldman Sachs Short Duration Bond Fund, Institutional Shares
Data updated: 2026-08-26
The net expense ratio is 0.44%: a 0.39% management fee plus 0.10% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $131K in broker commissions, 0.0100% of average net assets, and portfolio turnover was 141%.
GDFIX Fees and Expenses
Annual operating expenses and sales charges of GDFIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.49% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.44% |
| 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 |
GDFIX Costs Over Time
On $10,000 invested in GDFIX, assuming 5% a year before costs, total costs come to $285 over 5 years, cutting the return by 0.47% 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 0.44%) | $46 | $145 | $253 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $285 |
| Value after costs | $10,453 | $11,421 | $12,478 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
GDFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0100%
- Total broker commissions: $131K
- Bought from dealers (principal trades, not a cost): $29.6B
- Portfolio turnover (prospectus): 141%
- Securities lending: none during the year
GDFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $100K | 76.29% |
| J.P. Morgan Securities PLC | $14K | 10.74% |
| Barclays Capital Inc. | $7K | 4.96% |
| Morgan Stanley & Co. LLC | $6K | 4.36% |
| BofA Securities, Inc. | $2K | 1.31% |
| Deutsche Bank Aktiengesellschaft | $1K | 0.81% |
| Barclays Bank PLC | $854 | 0.65% |
| Merrill Lynch International | $849 | 0.65% |
| RBC Europe Limited | $147 | 0.11% |
| Citigroup Global Markets Limited | $142 | 0.11% |
GDFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. International PLC | $4.7B | 21.40% |
| JPMorgan Chase Bank, National Association | $2.9B | 13.12% |
| BNP Paribas | $2.7B | 12.58% |
| Barclays Bank PLC | $2.5B | 11.40% |
| Citigroup Global Markets Inc. | $2.2B | 9.98% |
| Merrill Lynch International | $2.0B | 9.34% |
| Deutsche Bank Aktiengesellschaft | $2.0B | 8.99% |
| TD Securities (USA) LLC | $1.0B | 4.61% |
| Wells Fargo Securities, LLC | $969.5M | 4.45% |
| Citibank, National Association | $899.9M | 4.13% |
Goldman Sachs Short Duration Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GDIUX | Class R6 | 0.43% | none |
| GMCPX | Class P | 0.43% | — |
| GDFIX | Institutional Shares | 0.44% | none |
| GSSRX | Investor Shares | 0.47% | none |
| GDIAX | Class A | 0.72% | 1.50% |
| GIFRX | Class R | 0.97% | none |
| GDICX | Class C | 1.12% | 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.