GRGRX Fees and Costs — Goldman Sachs Equity Income Fund, Class R
Data updated: 2026-07-24
The net expense ratio is 1.24%: a 0.69% management fee, a 0.50% 12b-1 fee plus 0.25% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $76K in broker commissions, 0.0186% of average net assets, and portfolio turnover was 35%.
GRGRX Fees and Expenses
Annual operating expenses and sales charges of GRGRX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.44% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GRGRX Costs Over Time
On $10,000 invested in GRGRX, assuming 5% a year before costs, total costs come to $783 over 5 years, cutting the return by 1.32% 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 1.24%) | $130 | $405 | $701 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $432 | $783 |
| Value after costs | $10,368 | $11,145 | $11,980 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
GRGRX 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): 0.0186%
- Total broker commissions: $76K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $821K
- Net income from securities lending: $6K (0.001% of average net assets)
GRGRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $19K | 26.09% |
| MORGAN STANLEY & CO. LLC | $14K | 19.38% |
| BOFA SECURITIES, INC. | $10K | 13.78% |
| JEFFERIES LLC | $7K | 9.22% |
| RBC CAPITAL MARKETS, LLC | $5K | 6.82% |
| WELLS FARGO SECURITIES, LLC | $5K | 6.80% |
| UBS Securities LLC | $5K | 6.53% |
| CITIGROUP GLOBAL MARKETS INC. | $4K | 5.30% |
| BARCLAYS CAPITAL, INC. | $2K | 3.06% |
| MIZUHO SECURITIES USA LLC | $2K | 3.01% |
Goldman Sachs Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GABPX | Class P | 0.68% | — |
| GRGUX | Class R6 | 0.68% | none |
| GSIIX | Institutional Class | 0.69% | none |
| GRGTX | Investor Shares | 0.74% | none |
| GSGRX | Class A | 0.99% | 5.50% |
| GSGSX | Service Class | 1.19% | none |
| GRGRX | Class R | 1.24% | none |
| GSGCX | Class C | 1.74% | none |
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.