GPOW Fees and Costs — Goldman Sachs North American Pipelines & Power Equity ETF
Data updated: 2025-03-05
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $3K in broker commissions, 0.0397% of average net assets, and portfolio turnover was 74%.
GPOW Fees and Expenses
Annual operating expenses and sales charges of GPOW. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| 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 |
GPOW Costs Over Time
On $10,000 invested in GPOW, assuming 5% a year before costs, total costs come to $372 over 5 years, cutting the return by 0.62% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $372 |
| Value after costs | $10,438 | $11,373 | $12,391 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
GPOW Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0397%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 74%
- Securities on loan, average value: $93K
- Net income from securities lending: $1K (0.017% of average net assets)
GPOW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $2K | 59.35% |
| BARCLAYS CAPITAL, INC. | $519 | 17.20% |
| MORGAN STANLEY & CO. INTERNATIONAL PLC | $512 | 16.97% |
| MORGAN STANLEY & CO. LLC | $174 | 5.75% |
| J.P. MORGAN SECURITIES LLC | $20 | 0.66% |
| INSTINET, LLC | $2 | 0.07% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.