GPIQ Fees and Costs — Goldman Sachs Nasdaq-100 Premium Income ETF
Data updated: 2026-08-26
The net expense ratio is 0.29% (0.35% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $394K in broker commissions, 0.0329% of average net assets, and portfolio turnover was 19%.
GPIQ Fees and Expenses
Annual operating expenses and sales charges of GPIQ. Prospectus, as of December 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 | −0.06% |
| Net expense ratio | 0.29% |
| 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 |
GPIQ Costs Over Time
On $10,000 invested in GPIQ, assuming 5% a year before costs, total costs come to $205 over 5 years, cutting the return by 0.34% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $34 | $112 | $205 |
| Value after costs | $10,466 | $11,464 | $12,558 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
GPIQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0329%
- Total broker commissions: $394K
- Bought from dealers (principal trades, not a cost): $1K
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $71K
- Net income from securities lending: $1K (0.000% of average net assets)
GPIQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES INSTITUTIONAL LLC | $213K | 54.30% |
| Jane Street Execution Services, LLC | $107K | 27.22% |
| RBC CAPITAL MARKETS, LLC | $40K | 10.14% |
| CITADEL SECURITIES LLC | $13K | 3.42% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $10K | 2.49% |
| INSTINET, LLC | $3K | 0.69% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $3K | 0.64% |
| MORGAN STANLEY & CO. LLC | $1K | 0.38% |
| MORGAN STANLEY & CO. INTERNATIONAL PLC | $1K | 0.36% |
| J.P. MORGAN SECURITIES LLC | $1K | 0.36% |
GPIQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $1K | 100.00% |
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.