GSAPX Fees and Costs — Goldman Sachs Inflation Protected Securities Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.67%: a 0.26% management fee, a 0.25% 12b-1 fee plus 0.31% other expenses, less a 0.15% fee waiver. This share class carries a maximum front-end sales load of 3.75%. In fiscal 2026 the fund paid $32K in broker commissions, 0.0153% of average net assets, and portfolio turnover was 221%.
GSAPX Fees and Expenses
Annual operating expenses and sales charges of GSAPX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.26% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.31% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.67% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 |
GSAPX Costs Over Time
On $10,000 invested in GSAPX, assuming 5% a year before costs, total costs come to $894 over 5 years, cutting the return by 1.51% 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 | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.67%) | $68 | $212 | $369 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $19 | $70 | $142 |
| Total costs | $463 | $662 | $894 |
| Value after costs | $10,037 | $10,915 | $11,869 |
| Impact on return, per year | 4.63% | 2.04% | 1.51% |
GSAPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0153%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $2.8B
- Portfolio turnover (prospectus): 221%
- Securities lending: none during the year
GSAPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $29K | 90.71% |
| J.P. Morgan Securities PLC | $1K | 3.33% |
| Morgan Stanley & Co. LLC | $979 | 3.08% |
| BofA Securities, Inc. | $494 | 1.56% |
| Barclays Bank PLC | $353 | 1.11% |
| Merrill Lynch International | $40 | 0.13% |
| Barclays Capital Inc. | $25 | 0.08% |
GSAPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. International PLC | $788.6M | 34.29% |
| JPMorgan Chase Bank, National Association | $235.2M | 10.23% |
| Barclays Capital Inc. | $216.0M | 9.39% |
| Wells Fargo Bank, National Association | $214.1M | 9.31% |
| Citadel Securities LLC | $205.1M | 8.92% |
| Barclays Bank PLC | $195.8M | 8.52% |
| Morgan Stanley & Co. LLC | $134.9M | 5.86% |
| Citibank, National Association | $120.9M | 5.26% |
| J.P. Morgan Securities LLC | $98.4M | 4.28% |
| Deutsche Bank Aktiengesellschaft | $90.8M | 3.95% |
Goldman Sachs Inflation Protected Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGJPX | Class P | 0.33% | — |
| GSRUX | Class R6 | 0.33% | none |
| GSIPX | Institutional Shares | 0.34% | none |
| GSTPX | Investor Shares | 0.42% | none |
| GSAPX | Class A | 0.67% | 3.75% |
| GSRPX | Class R | 0.92% | none |
| GSCFX | Class C | 1.42% | 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.