GDTXX Fees and Costs — Goldman Sachs Financial Square Treasury Instruments Fund, Token Shares
Data updated: 2026-03-27
The net expense ratio is 0.20%: a 0.18% management fee plus 0.02% other expenses. There are no sales loads or redemption fees.
GDTXX Fees and Expenses
Annual operating expenses and sales charges of GDTXX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GDTXX Costs Over Time
On $10,000 invested in GDTXX, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
GDTXX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.66T
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
GDTXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $546.2B | 33.96% |
| BOFA SECURITIES, INC. | $523.1B | 32.52% |
| CitiGroup Global Markets Inc. | $114.5B | 7.12% |
| WELLS FARGO SECURITIES, LLC | $114.0B | 7.09% |
| MORGAN STANLEY & CO. LLC | $74.6B | 4.64% |
| DEUTSCHE BANK SECURITIES, INC. | $64.6B | 4.01% |
| BMO NESBITT BURNS INC. | $50.3B | 3.13% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $47.1B | 2.93% |
| RBC CAPITAL MARKETS, LLC | $37.3B | 2.32% |
| J.P. Morgan Securities LLC | $36.8B | 2.29% |
Goldman Sachs Financial Square Treasury Instruments Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FRDXX | Class D | 0.20% | none |
| FTIXX | Institutional Shares | 0.20% | none |
| GDTXX | Token Shares | 0.20% | none |
| LEIXX | Loop Class Shares | 0.20% | none |
| WOMXX | Seelaus Class Shares | 0.20% | none |
| GSIXX | Select Shares | 0.23% | none |
| GPIXX | Preferred Shares | 0.30% | none |
| GCIXX | Capital Shares | 0.35% | none |
| FRAXX | Administration Shares | 0.45% | none |
| GIPXX | Premier Shares | 0.55% | none |
| FYSXX | Service Shares | 0.70% | none |
| GICXX | Cash Management Shares | 1.00% | 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.