GSAKX Fees and Costs — Goldman Sachs International Equity Income Fund, Class A
Data updated: 2026-09-24
The net expense ratio is 1.14%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.20% other expenses, less a 0.06% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $2.4M in broker commissions, 0.1016% of average net assets, and portfolio turnover was 49%.
GSAKX Fees and Expenses
Annual operating expenses and sales charges of GSAKX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
GSAKX Costs Over Time
On $10,000 invested in GSAKX, assuming 5% a year before costs, total costs come to $1,432 over 5 years, cutting the return by 2.47% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.14%) | $113 | $352 | $609 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $27 | $106 | $219 |
| Total costs | $701 | $1,039 | $1,432 |
| Value after costs | $9,799 | $10,537 | $11,330 |
| Impact on return, per year | 7.01% | 3.24% | 2.47% |
GSAKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1016%
- Total broker commissions: $2.4M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $12.3M
- Net income from securities lending: $45K (0.002% of average net assets)
GSAKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $484K | 21.38% |
| JEFFERIES LLC | $464K | 20.47% |
| MORGAN STANLEY & CO. LLC | $348K | 15.37% |
| J.P. MORGAN SECURITIES LLC | $274K | 12.08% |
| RBC CAPITAL MARKETS, LLC | $205K | 9.06% |
| BOFA SECURITIES, INC. | $204K | 9.01% |
| CITIGROUP GLOBAL MARKETS INC. | $163K | 7.18% |
| BARCLAYS CAPITAL, INC. | $46K | 2.02% |
| LIQUIDNET EUROPE LIMITED | $39K | 1.72% |
| VIRTU EUROPE TRADING LIMITED | $39K | 1.71% |
Goldman Sachs International 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 |
|---|---|---|---|
| GSNPX | Class P | 0.80% | — |
| GSUKX | Class R6 | 0.80% | none |
| GSIKX | Institutional Class | 0.81% | none |
| GSTKX | Investor Shares | 0.89% | none |
| GSAKX | Class A | 1.14% | 5.50% |
| GSRKX | Class R | 1.39% | none |
| GSCKX | Class C | 1.89% | 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.