GGSRX Fees and Costs — Goldman Sachs Growth Strategy Portfolio, Class R
Data updated: 2026-08-26
The net expense ratio is 1.16% (1.27% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $27K in broker commissions, 0.0026% of average net assets, and portfolio turnover was 20%.
GGSRX Fees and Expenses
Annual operating expenses and sales charges of GGSRX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.16% |
| 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 |
GGSRX Costs Over Time
On $10,000 invested in GGSRX, assuming 5% a year before costs, total costs come to $725 over 5 years, cutting the return by 1.22% 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 1.16%) | $122 | $379 | $657 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $399 | $725 |
| Value after costs | $10,378 | $11,177 | $12,038 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
GGSRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0026%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $80.7M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
GGSRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $8K | 29.91% |
| Wells Fargo Securities, LLC | $5K | 18.90% |
| Barclays Capital Inc. | $4K | 14.30% |
| Citadel Securities LLC | $3K | 11.71% |
| Jane Street Execution Services, LLC | $3K | 10.86% |
| UBS AG | $1K | 5.60% |
| BofA Securities, Inc. | $781 | 2.95% |
| Virtu Americas LLC | $722 | 2.73% |
| Susquehanna Financial Group, LLLP | $648 | 2.45% |
| J.P. Morgan Securities LLC | $155 | 0.58% |
GGSRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase Bank, National Association | $20.2M | 25.00% |
| BNP Paribas | $11.9M | 14.69% |
| Nomura International PLC | $10.6M | 13.10% |
| Mizuho International PLC | $10.4M | 12.90% |
| Morgan Stanley & Co. International PLC | $9.2M | 11.42% |
| Citibank, National Association | $5.6M | 6.89% |
| Barclays Bank PLC | $5.2M | 6.42% |
| Royal Bank of Canada | $4.0M | 4.92% |
| Morgan Stanley Capital Services LLC | $3.8M | 4.66% |
Goldman Sachs Growth Strategy Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGPPX | Class P | 0.59% | — |
| GGSUX | Class R6 | 0.59% | none |
| GGSIX | Institutional Shares | 0.60% | none |
| GGSTX | Investor Shares | 0.66% | none |
| GGSAX | Class A | 0.91% | 5.50% |
| GGSSX | Service Shares | 1.10% | none |
| GGSRX | Class R | 1.16% | none |
| GGSCX | Class C | 1.66% | 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.