GFVIX Fees and Costs — Goldman Sachs Focused Value Fund, Investor Shares
Data updated: 2025-11-13
The net expense ratio is 0.76%: a 0.69% management fee plus 0.74% other expenses, less a 0.67% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $27K in broker commissions, 0.0466% of average net assets, and portfolio turnover was 85%.
GFVIX Fees and Expenses
Annual operating expenses and sales charges of GFVIX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.74% |
| Gross expense ratio | 1.43% |
| Fee waiver | −0.67% |
| Net expense ratio | 0.76% |
| 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 |
GFVIX Costs Over Time
On $10,000 invested in GFVIX, assuming 5% a year before costs, total costs come to $506 over 5 years, cutting the return by 0.85% 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 0.76%) | $80 | $249 | $434 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $85 | $278 | $506 |
| Value after costs | $10,415 | $11,298 | $12,256 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
GFVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0466%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 85%
- Securities lending: none during the year
GFVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $8K | 28.57% |
| CITIGROUP GLOBAL MARKETS INC. | $5K | 19.86% |
| MORGAN STANLEY & CO. LLC | $5K | 18.51% |
| JEFFERIES LLC | $5K | 16.95% |
| BOFA SECURITIES, INC. | $2K | 6.55% |
| UBS Securities LLC | $902 | 3.35% |
| BARCLAYS CAPITAL, INC. | $503 | 1.87% |
| EVERCORE GROUP L.L.C. | $479 | 1.78% |
| GOLDMAN SACHS & CO. LLC | $448 | 1.67% |
| BTIG, LLC | $238 | 0.88% |
Goldman Sachs Focused Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GFVUX | Class R6 | 0.68% | none |
| GGYPX | Class P | 0.68% | — |
| GFVSX | Institutional Shares | 0.69% | none |
| GFVIX | Investor Shares | 0.76% | none |
| GFVAX | Class A | 1.01% | 5.50% |
| GFVRX | Class R | 1.26% | none |
| GFVCX | Class C | 1.76% | 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.