GGURX Fees and Costs — Goldman Sachs U.S. Mortgages Fund, Class R
Data updated: 2026-08-26
The net expense ratio is 1.03%: a 0.34% management fee, a 0.50% 12b-1 fee plus 0.32% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $26K in broker commissions, 0.0134% of average net assets, and portfolio turnover was 1219%.
GGURX Fees and Expenses
Annual operating expenses and sales charges of GGURX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.13% |
| Net expense ratio | 1.03% |
| 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 |
GGURX Costs Over Time
On $10,000 invested in GGURX, assuming 5% a year before costs, total costs come to $652 over 5 years, cutting the return by 1.10% 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 1.03%) | $108 | $337 | $585 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $359 | $652 |
| Value after costs | $10,390 | $11,218 | $12,111 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
GGURX 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): 0.0134%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $4.2B
- Portfolio turnover (prospectus): 1219%
- Securities lending: none during the year
GGURX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $21K | 81.10% |
| Morgan Stanley & Co. LLC | $2K | 7.51% |
| J.P. Morgan Securities PLC | $1K | 5.69% |
| BofA Securities, Inc. | $700 | 2.74% |
| Barclays Bank PLC | $692 | 2.71% |
| Wells Fargo Securities, LLC | $38 | 0.15% |
| Merrill Lynch International | $23 | 0.09% |
GGURX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1.1B | 27.30% |
| BofA Securities, Inc. | $899.5M | 22.49% |
| J.P. Morgan Securities LLC | $723.0M | 18.08% |
| Barclays Capital Inc. | $412.1M | 10.30% |
| Citigroup Global Markets Inc. | $333.6M | 8.34% |
| Morgan Stanley & Co. International PLC | $314.3M | 7.86% |
| JPMorgan Chase Bank, National Association | $69.5M | 1.74% |
| Wells Fargo Securities, LLC | $57.3M | 1.43% |
| Barclays Bank PLC | $53.8M | 1.35% |
| Wells Fargo Bank, National Association | $44.2M | 1.11% |
Goldman Sachs U.S. Mortgages Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGIUX | Class R6 | 0.44% | none |
| GSBPX | Class P | 0.44% | — |
| GSUPX | Institutional Shares | 0.44% | none |
| GSUIX | Institutional Shares | 0.45% | none |
| GGIRX | Investor Shares | 0.53% | none |
| GSUAX | Class A | 0.78% | 3.75% |
| GGUSX | Service Shares | 0.95% | none |
| GGURX | Class R | 1.03% | 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.