GREI Fees and Costs — Goldman Sachs Future Real Estate and Infrastructure Equity ETF
Data updated: 2025-03-05
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1K in broker commissions, 0.0056% of average net assets, and portfolio turnover was 19%.
GREI Fees and Expenses
Annual operating expenses and sales charges of GREI. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
GREI Costs Over Time
On $10,000 invested in GREI, assuming 5% a year before costs, total costs come to $475 over 5 years, cutting the return by 0.79% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $260 | $475 |
| Value after costs | $10,421 | $11,316 | $12,288 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
GREI 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): 0.0056%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $112K
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $120K
- Net income from securities lending: $758 (0.004% of average net assets)
GREI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $360 | 33.67% |
| CITIGROUP GLOBAL MARKETS INC. | $319 | 29.78% |
| RBC CAPITAL MARKETS, LLC | $114 | 10.69% |
| MORGAN STANLEY & CO. LLC | $110 | 10.24% |
| UBS Securities LLC | $41 | 3.80% |
| J.P. MORGAN SECURITIES LLC | $36 | 3.41% |
| MERRILL LYNCH INTERNATIONAL | $29 | 2.75% |
| INSTINET, LLC | $27 | 2.51% |
| Royal Bank of Canada | $22 | 2.10% |
| SANFORD C. BERNSTEIN & CO., LLC | $11 | 1.05% |
GREI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $112K | 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.