GFRIX Fees and Costs — Goldman Sachs High Yield Floating Rate Fund, Investor Shares
Data updated: 2026-08-26
The net expense ratio is 0.77% (0.82% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $25K in broker commissions, 0.0015% of average net assets, and portfolio turnover was 53%.
GFRIX Fees and Expenses
Annual operating expenses and sales charges of GFRIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.77% |
| 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 |
GFRIX Costs Over Time
On $10,000 invested in GFRIX, assuming 5% a year before costs, total costs come to $485 over 5 years, cutting the return by 0.81% 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 0.77%) | $81 | $253 | $440 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $266 | $485 |
| Value after costs | $10,419 | $11,310 | $12,278 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
GFRIX 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): 0.0015%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $18.2M
- Net income from securities lending: $215K (0.013% of average net assets)
GFRIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $11K | 44.18% |
| J.P. Morgan Securities LLC | $3K | 13.83% |
| Jane Street Execution Services, LLC | $2K | 9.07% |
| Morgan Stanley & Co. LLC | $2K | 7.44% |
| International Strategy & Investment Group LLC | $2K | 6.49% |
| Barclays Capital Inc. | $1K | 5.48% |
| Flow Traders U.S. Institutional Trading LLC | $1K | 4.47% |
| Citadel Securities LLC | $838 | 3.41% |
| Virtu Americas LLC | $834 | 3.40% |
| Liquidnet, Inc. | $545 | 2.22% |
GFRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase Bank, National Association | $561.6M | 26.27% |
| Barclays Bank PLC | $446.1M | 20.87% |
| Royal Bank of Canada | $232.6M | 10.88% |
| Bank of America, National Association | $230.1M | 10.77% |
| Morgan Stanley & Co. LLC | $147.6M | 6.91% |
| Wells Fargo Bank, National Association | $122.9M | 5.75% |
| Deutsche Bank Aktiengesellschaft | $106.2M | 4.97% |
| Citibank, National Association | $99.3M | 4.64% |
| UBS AG | $98.5M | 4.61% |
| Jefferies LLC | $92.6M | 4.33% |
Goldman Sachs High Yield Floating Rate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GFRSX | Class R6 | 0.73% | none |
| GGNPX | Class P | 0.73% | — |
| GSFRX | Institutional Shares | 0.74% | none |
| GFRIX | Investor Shares | 0.77% | none |
| GFRAX | Class A | 1.02% | 2.25% |
| GFRRX | Class R | 1.27% | none |
| GFRCX | Class C | 1.77% | 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.