GEBRX Fees and Costs — Goldman Sachs ESG Emerging Markets Equity Fund, Class R
Data updated: 2026-03-31
The net expense ratio is 1.62%: a 0.98% management fee, a 0.50% 12b-1 fee plus 1.87% other expenses, less a 1.73% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $21K in broker commissions, 0.0921% of average net assets, and portfolio turnover was 34%.
GEBRX Fees and Expenses
Annual operating expenses and sales charges of GEBRX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.98% |
| 12b-1 fee | 0.50% |
| Other expenses | 1.87% |
| Gross expense ratio | 3.35% |
| Fee waiver | −1.73% |
| Net expense ratio | 1.62% |
| 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 |
GEBRX Costs Over Time
On $10,000 invested in GEBRX, assuming 5% a year before costs, total costs come to $1,056 over 5 years, cutting the return by 1.80% 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 1.62%) | $170 | $527 | $907 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $180 | $584 | $1,056 |
| Value after costs | $10,320 | $10,992 | $11,707 |
| Impact on return, per year | 1.80% | 1.80% | 1.80% |
GEBRX 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): 0.0921%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $119K
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
GEBRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $3K | 19.88% |
| UBS Securities LLC | $2K | 18.29% |
| BOFA SECURITIES, INC. | $2K | 13.11% |
| CITIGROUP GLOBAL MARKETS INC. | $1K | 10.95% |
| J.P. MORGAN SECURITIES (ASIA PACIFIC) LIMITED | $1K | 10.66% |
| CITIGROUP GLOBAL MARKETS TAIWAN SECURITIES COMPANY LIMITED | $920 | 7.15% |
| HSBC BANK PLC | $817 | 6.35% |
| J.P. MORGAN SECURITIES LLC | $704 | 5.47% |
| Morgan Stanley Taiwan Limited | $529 | 4.11% |
| CITIGROUP GLOBAL MARKETS LIMITED | $519 | 4.03% |
GEBRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $101K | 84.93% |
| IIFL FINANCE LIMITED | $18K | 15.07% |
Goldman Sachs ESG Emerging Markets Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GEBSX | Class R6 | 1.01% | none |
| GEPPX | Class P | 1.01% | — |
| GEBIX | Institutional Shares | 1.02% | none |
| GEBNX | Investor Shares | 1.12% | none |
| GEBAX | Class A | 1.37% | 5.50% |
| GEBRX | Class R | 1.62% | none |
| GEBCX | Class C | 2.12% | 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.