GKIRX Fees and Costs — Goldman Sachs Income Builder Fund, Investor Shares
Data updated: 2026-09-22
The net expense ratio is 0.56% (0.69% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $321K in broker commissions, 0.0126% of average net assets, and portfolio turnover was 33%.
GKIRX Fees and Expenses
Annual operating expenses and sales charges of GKIRX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.56% |
| 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 |
GKIRX Costs Over Time
On $10,000 invested in GKIRX, assuming 5% a year before costs, total costs come to $361 over 5 years, cutting the return by 0.60% 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 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $198 | $361 |
| Value after costs | $10,440 | $11,379 | $12,402 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
GKIRX 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): 0.0126%
- Total broker commissions: $321K
- Bought from dealers (principal trades, not a cost): $4.2B
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $9.0M
- Net income from securities lending: $86K (0.003% of average net assets)
GKIRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $70K | 24.30% |
| MORGAN STANLEY & CO. LLC | $58K | 20.15% |
| BMO CAPITAL MARKETS CORP. | $31K | 10.82% |
| INSTINET, LLC | $27K | 9.38% |
| J.P. MORGAN SECURITIES LLC | $24K | 8.17% |
| Stifel, Nicolaus & Company, Incorporated | $19K | 6.71% |
| JEFFERIES LLC | $19K | 6.71% |
| BARCLAYS CAPITAL, INC. | $18K | 6.25% |
| BOFA SECURITIES, INC. | $13K | 4.64% |
| RBC CAPITAL MARKETS, LLC | $8K | 2.86% |
GKIRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. INTERNATIONAL PLC | $1.3B | 35.80% |
| CITADEL SECURITIES LLC | $760.4M | 21.12% |
| JPMorgan Chase Bank, National Association | $665.2M | 18.48% |
| BNP PARIBAS | $383.0M | 10.64% |
| J.P. Morgan Securities LLC | $112.2M | 3.12% |
| BARCLAYS BANK PLC | $110.3M | 3.06% |
| Wells Fargo Bank, National Association | $86.4M | 2.40% |
| BOFA SECURITIES, INC. | $75.3M | 2.09% |
| JEFFERIES LLC | $63.0M | 1.75% |
| MORGAN STANLEY & CO. LLC | $55.4M | 1.54% |
Goldman Sachs Income Builder Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGKPX | Class P | 0.47% | — |
| GSBUX | Class R6 | 0.47% | none |
| GSBIX | Institutional Shares | 0.48% | none |
| GKIRX | Investor Shares | 0.56% | none |
| GSBFX | Class A | 0.81% | 5.50% |
| GSBCX | Class C | 1.56% | 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.