GGWPX Fees and Costs — Goldman Sachs Global Infrastructure Fund, Class P
Data updated: 2026-08-26
The net expense ratio is 0.96%: a 0.90% management fee plus 0.34% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $20K in broker commissions, 0.0205% of average net assets, and portfolio turnover was 19%.
GGWPX Fees and Expenses
Annual operating expenses and sales charges of GGWPX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 0.34% |
| Gross expense ratio | 1.24% |
| Fee waiver | −0.28% |
| Net expense ratio | 0.96% |
| 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 |
GGWPX Costs Over Time
On $10,000 invested in GGWPX, assuming 5% a year before costs, total costs come to $614 over 5 years, cutting the return by 1.03% 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 0.96%) | $101 | $315 | $546 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $337 | $614 |
| Value after costs | $10,397 | $11,239 | $12,149 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
GGWPX 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): 0.0205%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $524K
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
GGWPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4K | 20.52% |
| JEFFERIES LLC | $3K | 15.21% |
| MACQUARIE BANK LIMITED | $3K | 14.77% |
| BOFA SECURITIES, INC. | $3K | 14.08% |
| CitiGroup Global Markets Inc. | $3K | 13.82% |
| MORGAN STANLEY & CO. LLC | $1K | 5.98% |
| LIQUIDNET ASIA LIMITED | $936 | 4.95% |
| LIQUIDNET, INC. | $821 | 4.34% |
| BNP Paribas Securities Corp. | $655 | 3.47% |
| SANTANDER INVESTMENT SECURITIES INC. | $538 | 2.85% |
GGWPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Royal Bank of Canada | $435K | 82.90% |
| J.P. Morgan Securities LLC | $90K | 17.10% |
Goldman Sachs Global Infrastructure Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGIJX | Class R6 | 0.96% | none |
| GGWPX | Class P | 0.96% | — |
| GGIDX | Institutional Shares | 0.97% | none |
| GGINX | Investor Shares | 0.97% | none |
| GGIAX | Class A | 1.22% | 5.50% |
| GGICX | Class C | 1.97% | 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.