GPAPX Fees and Costs — Goldman Sachs Short-Term Conservative Income Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.47%: a 0.25% management fee, a 0.15% 12b-1 fee plus 0.15% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 115%.
GPAPX Fees and Expenses
Annual operating expenses and sales charges of GPAPX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.56% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.47% |
| 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 |
GPAPX Costs Over Time
On $10,000 invested in GPAPX, assuming 5% a year before costs, total costs come to $297 over 5 years, cutting the return by 0.49% 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 0.47%) | $49 | $155 | $270 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $162 | $297 |
| Value after costs | $10,451 | $11,414 | $12,466 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
GPAPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $10.3B
- Portfolio turnover (prospectus): 115%
- Securities lending: none during the year
GPAPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1.9B | 22.59% |
| J.P. Morgan Securities LLC | $1.3B | 15.77% |
| BofA Securities, Inc. | $1.2B | 13.56% |
| Wells Fargo Securities, LLC | $1.1B | 12.34% |
| Mizuho Securities USA LLC | $906.0M | 10.63% |
| Barclays Capital Inc. | $803.3M | 9.43% |
| RBC Capital Markets, LLC | $505.0M | 5.93% |
| TD Securities (USA) LLC | $385.0M | 4.52% |
| Morgan Stanley & Co. LLC | $289.1M | 3.39% |
| TP ICAP Global Markets Americas LLC | $157.2M | 1.85% |
Goldman Sachs Short-Term Conservative Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GMBPX | Class P | 0.23% | — |
| GPPSX | Class R6 | 0.23% | none |
| GPPIX | Institutional Shares | 0.24% | none |
| GPPOX | Investor Shares | 0.32% | none |
| GPAPX | Class A | 0.47% | 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.