GMNY Fees and Costs — Goldman Sachs Dynamic New York Municipal Income ETF
Data updated: 2026-07-24
The net expense ratio is 0.30% (0.35% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $18 in broker commissions, 0.0002% of average net assets, and portfolio turnover was 104%.
GMNY Fees and Expenses
Annual operating expenses and sales charges of GMNY. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.30% |
| 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 |
GMNY Costs Over Time
On $10,000 invested in GMNY, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.32% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,572 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
GMNY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $18
- Bought from dealers (principal trades, not a cost): $23.3M
- Portfolio turnover (prospectus): 104%
- Securities lending: none during the year
GMNY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $18 | 100.00% |
GMNY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $10.3M | 52.30% |
| BOFA SECURITIES, INC. | $1.5M | 7.35% |
| MORGAN STANLEY & CO. LLC | $1.3M | 6.48% |
| U.S. BANCORP INVESTMENTS, INC. | $1.2M | 6.29% |
| JEFFERIES LLC | $1.2M | 5.91% |
| RBC CAPITAL MARKETS, LLC | $1.1M | 5.34% |
| TD SECURITIES AUTOMATED TRADING LLC | $949K | 4.81% |
| BARCLAYS CAPITAL, INC. | $832K | 4.22% |
| STIFEL, NICOLAUS & COMPANY, INC. | $744K | 3.77% |
| OPPENHEIMER & CO. INC. | $697K | 3.53% |
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.