GPRF Fees and Costs — Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF
Data updated: 2026-07-24
The net expense ratio is 0.45%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0017% of average net assets, and portfolio turnover was 25%.
GPRF Fees and Expenses
Annual operating expenses and sales charges of GPRF. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 |
GPRF Costs Over Time
On $10,000 invested in GPRF, assuming 5% a year before costs, total costs come to $286 over 5 years, cutting the return by 0.47% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $286 |
| Value after costs | $10,453 | $11,420 | $12,477 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
GPRF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0017%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $66.2M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
GPRF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $933 | 56.35% |
| BERNSTEIN INSTITUTIONAL SERVICES LLC | $366 | 22.14% |
| J.P. MORGAN SECURITIES LLC | $128 | 7.74% |
| MORGAN STANLEY & CO. LLC | $90 | 5.43% |
| EVERCORE GROUP LLC | $81 | 4.87% |
| Cowen and Company, LLC | $58 | 3.47% |
GPRF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $10.9M | 18.79% |
| SumRidge Partners, LLC | $10.2M | 17.71% |
| MORGAN STANLEY & CO. LLC | $10.2M | 17.68% |
| MARKETAXESS CORPORATION | $8.2M | 14.23% |
| J.P. Morgan Securities LLC | $5.1M | 8.89% |
| SIERRA PACIFIC SECURITIES, LLC | $4.4M | 7.59% |
| MILLENNIUM ADVISORS, LLC | $3.3M | 5.70% |
| UBS SECURITIES LLC | $1.9M | 3.32% |
| RBC CAPITAL MARKETS, LLC | $1.8M | 3.13% |
| HSBC SECURITIES (USA), INC. | $1.7M | 2.95% |
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.