GPIX Fees and Costs — Goldman Sachs S&P 500 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 $348K in broker commissions, 0.0283% of average net assets, and portfolio turnover was 27%.
GPIX Fees and Expenses
Annual operating expenses and sales charges of GPIX. 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 |
GPIX Costs Over Time
On $10,000 invested in GPIX, assuming 5% a year before costs, total costs come to $202 over 5 years, cutting the return by 0.33% 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 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $110 | $202 |
| Value after costs | $10,467 | $11,466 | $12,561 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
GPIX 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): 0.0283%
- Total broker commissions: $348K
- Bought from dealers (principal trades, not a cost): $50K
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $74K
- Net income from securities lending: $581 (0.000% of average net assets)
GPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $147K | 42.80% |
| RBC CAPITAL MARKETS, LLC | $90K | 26.05% |
| CITADEL SECURITIES INSTITUTIONAL LLC | $74K | 21.40% |
| CITADEL SECURITIES LLC | $10K | 3.01% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $7K | 1.99% |
| INSTINET, LLC | $4K | 1.30% |
| J.P. MORGAN SECURITIES LLC | $4K | 1.06% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $4K | 1.03% |
| BARCLAYS CAPITAL, INC. | $3K | 0.97% |
| BNP PARIBAS | $1K | 0.39% |
GPIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $26K | 52.20% |
| INSTINET, LLC | $16K | 32.22% |
| UBS SECURITIES LLC | $7K | 13.41% |
| MORGAN STANLEY & CO. LLC | $1K | 2.16% |
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.