GHTMX Fees and Costs — Goldman Sachs International Tax-Managed Equity Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 0.90%: a 0.85% management fee plus 0.12% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $577K in broker commissions, 0.0619% of average net assets, and portfolio turnover was 175%.
GHTMX Fees and Expenses
Annual operating expenses and sales charges of GHTMX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.97% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.90% |
| 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 |
GHTMX Costs Over Time
On $10,000 invested in GHTMX, assuming 5% a year before costs, total costs come to $602 over 5 years, cutting the return by 1.01% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $331 | $602 |
| Value after costs | $10,399 | $11,245 | $12,161 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
GHTMX 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): 0.0619%
- Total broker commissions: $577K
- Bought from dealers (principal trades, not a cost): $545
- Portfolio turnover (prospectus): 175%
- Securities on loan, average value: $43K
- Net income from securities lending: $546 (0.000% of average net assets)
GHTMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $107K | 18.77% |
| MORGAN STANLEY & CO. LLC | $101K | 17.63% |
| CitiGroup Global Markets Inc. | $97K | 16.93% |
| BOFA SECURITIES, INC. | $88K | 15.45% |
| J.P. Morgan Securities LLC | $59K | 10.27% |
| BERNSTEIN AUTONOMOUS LLP | $44K | 7.72% |
| DAIWA CAPITAL MARKETS EUROPE LIMITED | $34K | 5.97% |
| Nomura International PLC | $29K | 5.13% |
| KEPLER CAPITAL MARKETS, INC. | $9K | 1.61% |
| BARCLAYS CAPITAL, INC. | $3K | 0.53% |
GHTMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BERNSTEIN AUTONOMOUS LLP | $125 | 22.93% |
| MORGAN STANLEY & CO. LLC | $114 | 20.99% |
| J.P. Morgan Securities LLC | $95 | 17.41% |
| BOFA SECURITIES, INC. | $93 | 17.15% |
| CitiGroup Global Markets Inc. | $79 | 14.48% |
| UBS SECURITIES LLC | $38 | 7.03% |
Goldman Sachs International Tax-Managed Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGCPX | Class P | 0.89% | — |
| GHTRX | Class R6 | 0.89% | none |
| GHTMX | Institutional Class | 0.90% | none |
| GITRX | Investor Shares | 0.96% | none |
| GATMX | Class A | 1.21% | 5.50% |
| GCTMX | Class C | 1.96% | 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.