GGMIX Fees and Costs — Goldman Sachs Global Managed Beta Fund
Data updated: 2026-07-22
The net expense ratio is 0.50% (0.63% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $273K in broker commissions, 0.0064% of average net assets, and portfolio turnover was 31%.
GGMIX Fees and Expenses
Annual operating expenses and sales charges of GGMIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | — |
| Other expenses | 0.17% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GGMIX Costs Over Time
On $10,000 invested in GGMIX, assuming 5% a year before costs, total costs come to $320 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $175 | $320 |
| Value after costs | $10,447 | $11,401 | $12,443 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
GGMIX 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): 0.0064%
- Total broker commissions: $273K
- Bought from dealers (principal trades, not a cost): $332.5M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $1.0M
- Net income from securities lending: $90K (0.002% of average net assets)
GGMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $62K | 25.91% |
| WELLS FARGO SECURITIES, LLC | $46K | 19.13% |
| BARCLAYS CAPITAL, INC. | $25K | 10.29% |
| CITADEL SECURITIES LLC | $24K | 10.17% |
| UBS AG | $18K | 7.42% |
| Jane Street Execution Services, LLC | $16K | 6.87% |
| BOFA SECURITIES, INC. | $16K | 6.83% |
| CITIGROUP GLOBAL MARKETS INC. | $11K | 4.76% |
| MORGAN STANLEY & CO. INTERNATIONAL PLC | $11K | 4.47% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $10K | 4.15% |
GGMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $257.6M | 77.46% |
| BMO NESBITT BURNS INC. | $24.9M | 7.48% |
| CitiGroup Global Markets Inc. | $24.1M | 7.25% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $11.2M | 3.36% |
| J.P. Morgan Securities LLC | $9.9M | 2.96% |
| MORGAN STANLEY & CO. LLC | $4.9M | 1.48% |
Goldman Sachs Global Managed Beta Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGMBX | Institutional Shares | 0.37% | — |
| GGMIX | C000277167 | 0.50% | — |
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.