GICIX Fees and Costs — Goldman Sachs International Small Cap Insights Fund, Institutional Class
Data updated: 2026-09-24
The net expense ratio is 0.85%: a 0.80% management fee plus 0.09% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.9M in broker commissions, 0.0614% of average net assets, and portfolio turnover was 165%.
GICIX Fees and Expenses
Annual operating expenses and sales charges of GICIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.85% |
| 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 |
GICIX Costs Over Time
On $10,000 invested in GICIX, assuming 5% a year before costs, total costs come to $571 over 5 years, cutting the return by 0.96% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $314 | $571 |
| Value after costs | $10,404 | $11,263 | $12,192 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
GICIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0614%
- Total broker commissions: $2.9M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 165%
- Securities on loan, average value: $99.3M
- Net income from securities lending: $560K (0.012% of average net assets)
GICIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $575K | 20.39% |
| UBS Securities LLC | $506K | 17.95% |
| BOFA SECURITIES, INC. | $489K | 17.36% |
| MORGAN STANLEY & CO. LLC | $471K | 16.70% |
| J.P. MORGAN SECURITIES LLC | $252K | 8.95% |
| DAIWA CAPITAL MARKETS EUROPE LIMITED | $165K | 5.84% |
| Nomura International PLC | $156K | 5.55% |
| BERNSTEIN AUTONOMOUS LLP | $139K | 4.94% |
| KEPLER CAPITAL MARKETS, INC. | $49K | 1.74% |
| JEFFERIES LLC | $16K | 0.57% |
Goldman Sachs International Small Cap Insights Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGDPX | Class P | 0.84% | — |
| GICUX | Class R6 | 0.84% | none |
| GICIX | Institutional Class | 0.85% | none |
| GIRLX | Investor Shares | 0.96% | none |
| GICAX | Class A | 1.21% | 5.50% |
| GICCX | 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.