GMZPX Fees and Costs — Goldman Sachs Large Cap Growth Insights Fund, Class P
Data updated: 2026-09-24
The net expense ratio is 0.53%: a 0.50% management fee plus 0.06% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $48K in broker commissions, 0.0033% of average net assets, and portfolio turnover was 232%.
GMZPX Fees and Expenses
Annual operating expenses and sales charges of GMZPX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.56% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.53% |
| 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 |
GMZPX Costs Over Time
On $10,000 invested in GMZPX, assuming 5% a year before costs, total costs come to $337 over 5 years, cutting the return by 0.56% 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 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $184 | $337 |
| Value after costs | $10,444 | $11,392 | $12,426 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
GMZPX 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): 0.0033%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 232%
- Securities on loan, average value: —
- Net income from securities lending: $359 (0.000% of average net assets)
GMZPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $8K | 16.94% |
| BOFA SECURITIES, INC. | $8K | 15.83% |
| J.P. MORGAN SECURITIES LLC | $7K | 14.00% |
| JEFFERIES LLC | $7K | 13.78% |
| VIRTU AMERICAS LLC | $5K | 10.69% |
| NATIONAL FINANCIAL SERVICES LLC | $5K | 9.72% |
| CITIGROUP GLOBAL MARKETS INC. | $4K | 9.25% |
| UBS Securities LLC | $3K | 7.31% |
| BARCLAYS BANK PLC | $728 | 1.53% |
| BARCLAYS CAPITAL, INC. | $459 | 0.96% |
Goldman Sachs Large Cap Growth 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 |
|---|---|---|---|
| GLCUX | Class R6 | 0.53% | none |
| GMZPX | Class P | 0.53% | none |
| GCGIX | Institutional Class | 0.54% | none |
| GLCTX | Investor Shares | 0.65% | none |
| GLCGX | Class A | 0.90% | 5.50% |
| GSCLX | Service Class | 1.04% | none |
| GLCRX | Class R | 1.15% | none |
| GLCCX | Class C | 1.65% | 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.